Tuesday, August 23, 2016
Point Of Care Diagnostics Testing Market Forecast And opportunities Trends, Size, Drivers 2016 to 2022
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The latest market report published by Credence Research,
Inc. “Global Point-of-Care
Diagnostics / Testing (POCT) Market –
Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 –
2022,” the point-of-care diagnostics / testing market was valued at
USD 15,743.6 Mn in 2015, and is expected to reach USD 27,507.2 Mn by 2022,
expanding at a CAGR of 8.1% from 2016 to 2022.
Market Insights
Point-of-care
tests (POCT) are the type of diagnostic tests performed outside the central
laboratory or decentralized testing. The technological evolution in the field
of diagnostics including introduction of portable and handheld instruments has
resulted in the shift of POC testing from the hospitals to several medical
environments including the workplace, home, disaster care and convenience
clinics. POC diagnostics offers high potential for diagnosis and treatment of
patients, as it assists rapid availability of test results and hence, earlier
clinical decision making and intervention.
For More Information, List of Figure, Tables
And TOC Visit: http://www.credenceresearch.com/report/point-of-care-diagnostics-or-testing-market
The
factors aiding the growth of POC testing market are mounting disease incidence,
rising public awareness related to diagnosis of infectious diseases, growing
focus towards personalization of care and constant integration of technology
into healthcare. POC testing is becoming one of the integral parts of diagnosis
and monitoring patient care market. Novel technologies are enabling POC devices
to generate quantitative lab-quality test results that can be transferred to a
central information system, remote caregiver service for consultation or
electronic medical record database.
Market Competition Assessment:
The
point-of-care diagnostics or testing market is observed as the most diversified
and competitive market comprising large number of players. The market
observed one of the highest rates of merger and acquisition activity leading to
investments in novel technologies as companies with strong capital back-up
enter the sector. The market is dominated by several players, depending on
their major competencies. The key players in this market are Roche Diagnostics
Ltd., Abbott Laboratories, Alere Inc., Siemens AG, and Beckman Coulter, Inc.
Key Market Movements:
High
prevalence of infectious diseases and rising incidences of lifestyle diseases
in developing countries
Rising
usage of home-based POC testing devices is improving patient complianc
Increasing
private investments and venture funding along with growing government support
in development of new products and adoption of current POC devices is assisting
the market growth
About Us:
Credence Research is a worldwide market research
and counseling firm that serves driving organizations, governments, non
legislative associations, and not-for-benefits. We offer our customers some
assistance with making enduring enhancements to their execution and understand
their most imperative objectives. Over almost a century, we’ve manufactured a
firm extraordinarily prepared to this task.
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