Global Point-of-Care Diagnostics Market: Overview
The point-of-care (POC) diagnostics deals with the medical devices that are used to get immediate outcomes in the investigation of the different diseases such as diabetes, cancer, cardiac diseases, and others. There are different types of POC devices that are manufactured for different purposes in the healthcare industry. The devices include infectious diseases testing kits, hematology testing kits, urinalysis testing kits, cholesterol test strips, glucose monitoring kits, pregnancy and fertility testing kits, and much more.
Global Point-of-Care Diagnostics Market: Segmentation
The global point-of-care diagnostics market is segmented into the product, prescription mode, and end-user. On the basis of product, the global market is segregated into coagulation monitoring kits, cholesterol test strips, glucose monitoring kits, infectious diseases testing kits, hematology testing kits, fecal occult testing kits, cardiometabolic monitoring kits, pregnancy and fertility testing kits, tumor/cancer markers, urinalysis testing kits, drugs of abuse testing kits, and others. Based on the prescription mode, the market is categorized into over-the-counter (OTC) testing kits and prescription-based testing kits. The different end users of the POC diagnostics are home care, professional diagnostic centers, research laboratories, and others.
Global Point-of-Care Diagnostics Market: Growth Factors
The point-of-care diagnostics are widely used in the healthcare sector and clinics owing to the effective and rapid results that are provided by them; hence boosting the demand for the POC diagnostic market. Important drivers that are fueling the market growth are the improvements that are made in the technology, introduction of the cost-effective devices, the quality provided by the medical solutions. The increasing awareness among the patients has benefited the growth of the market. The healthcare professionals are also supporting and recommending the use of the POC diagnostic practices. The penetration of the information technology in the healthcare industry is also playing an important role in the growth of the market. The other factors that are contributing to the market growth are increasing the number of diseases, rise in the number of geriatric population, increased the need for the home monitoring and care.
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Global Point-of-Care Diagnostics Market: Regional Analysis
Geographically, the point-of-care (POC) diagnostic market is diversified into North America, Europe, Asia-Pacific, and Rest of the World. The region that dominates the POC diagnostics market is the North America. The factors that attribute to the market growth in the North American region are the increasing number of diseases, favorable government protocols, and the initiatives and investments that are made to develop the healthcare infrastructure. The increasing awareness of the patients and the physicians in the region also contribute to the market growth. Asia Pacific region is contributing a good market share in the global market owing to the factors such as increasing disposable income and the increasing awareness among the people.
Global Point-of-Care Diagnostics Market: Competitive Players
The major market players in the point-of-care diagnostics market include Abbott Laboratories, Inc., Siemens AG, Becton, Dickinson and Company, Alere Inc., PTS Diagnostics, Nova Biomedical, Roche Diagnostics Limited, Beckman Coulter, Inc., Johnson & Johnson, and Instrumentation Laboratory.