Point of Care Diagnostics Market Analysis, Growth, Trends and Forecasts to 2020 - Hexa ResearchA Chapter by Markets InsightsThe increasing geriatric population globally is also a factor propelling the point of care (POC) diagnostics market.The global Point of Care
Diagnostics Market is driven by technological improvements and
introduction of sophisticated medical solutions. A host of healthcare
establishments are gradually taking to point of care tests and diagnostics
solutions for greater efficiency. Growing popularity of EMR (electronic medical
record) and PACS (picture archiving and communication systems) has a positive
impact on market demand.
Other industry drivers are governmental support, surging healthcare
investments, growing geriatric population, and widespread adoption of home
based POC devices. When medical diagnostics tests are carried out at the place
of patient care, it is known as bedside testing or POCT
(point-of-care-testing). New product development is a vital factor that may
contribute significantly to market growth during the forecast period (2012 to
2020).
Products, end users, and regions are the parameters based on which the
global point of care (POC) diagnostics industry is categorized. As per
products, the segments are blood gas/electrolytes, fertility, cardiac markers,
OTC & rapid diagnostic tests, infectious diseases, coagulation, drug abuse
testing, hospital glucose testing, decentralized clinical chemistry,
hematology, and urinalysis. Products also include primary care systems, such as
HbA1c tests and lipid profiling. Hospital glucose testing holds the highest
market share. Browse Details of Report @ https://www.hexaresearch.com/research-report/point-of-care-diagnostics-industry Factors that propel this segment are high incidence of diabetes and the
growing necessity for glucose analysis on a regular basis.
The OTC & rapid diagnostic tests market may expand robustly over the
forecast period because of the “self diagnosis” trend. People nowadays are
highly aware of the importance of early disease diagnosis for on-time &
instant disease treatment. Based on end users, the global industry is divided
into laboratories, hospitals, clinics, assisted living healthcare facilities,
homes, and others. Hospitals & clinics generate highest revenues in the
overall market. Diagnostic tests are mostly conducted in clinics and in
hospitals. As a result, most of these healthcare centers have begun expanding
their POC diagnostic facilities.
Geographically, the worldwide Point Of Care Diagnostics Market is
categorized into Asia Pacific, Europe, North America, and Rest of the World
(RoW). North America is the largest regional industry. High degree of patient
awareness, encouraging government initiatives, and substantial investments in
medical infrastructure are prominent regional drivers. It is however, expected
that Asia Pacific will register the highest growth rate over the forecast
period. This attributes to improvements in healthcare infrastructure in
emerging countries, such as India and China.
Companies operating in the global Point Of Care Diagnostics Market
continuously strive towards capturing higher market shares. They invest
robustly in R&D and product innovations. Prominent market competitors are
Trinity Biotech PLC, Danaher Corporation, Siemens Healthcare, Roche
Diagnostics, and Becton Dickinson and Company.
In September 2016, Novartis launched the NijiTM System
and Total IgE Test, a POC diagnostic tool. By using just a droplet or two of
finer stick blood, this device delivers Immunoglobulin E (IgE) levels in a
matter of twelve minutes. This test caters to immediate in-office diagnosis of
allergies associated with IgE levels. The availability of such tests in the
offices of healthcare providers leads to reduced time for consultation,
diagnosis, prognosis, and disease treatment. This in turn leads to better
patient outcomes. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/clinical-diagnostics-industry About Us: Hexa
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Added on March 22, 2017 Last Updated on March 22, 2017 Tags: Point of Care Diagnostics Market, Point of Care Diagnostics Market, Point of Care Diagnostics Market, Point of Care Diagnostics Market, Point of Care Diagnostics Market AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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