Global “Point of Care Diagnostics Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Point of Care Diagnostics in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Point of Care Diagnostics Market report categorizes the market based on manufacturers, regions, type, and application. Point of Care Diagnostics Market reports offer a detailed assessment of the Point of Care Diagnostics including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Point of Care Diagnostics market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The Point Of Care Diagnostics Market is expected to witness a CAGR of 9.8% during the forecast period. North America accounts for the largest share of the market in 2017.
Increasing Number of Regulatory Approvals for Novel Immunoassay Techniques
Many of the new diagnostic tests and immunoassays have received the regulatory approvals, which has it made easier to conduct bedside testing or home healthcare diagnostic tests. Elecsys® HBeAg Immunoassay has been approved by the FDA, which is used to detect human Hepatitis B antigen associated with the Hepatitis B virus infection. The anti-Hepatitis C Virus Infection immunoassay test by Roche Diagnostics is one more novel product that has been approved by the FDA, in recent years. Multiple kinds of Lateral Flow Immunoassays (LFIA) are also gaining popularity, which makes it easier as well as quicker for POC testing providers to diagnose the disease. All these tests have gained popularity in a short span of time, which is leading to the growth of the market globally.
The other factors responsible for the growth of the market include, rising prevalence of chronic and infectious diseases in developing economies, private investments, and venture capital activities supporting R&D of novel products.
Product Recalls by Major Players Demotivates the New Entrants
Many of the manufacturers have been receiving complaints related to the diagnostic tests approved by the FDA, for the point of care testing. Many of the blood testing devices are also being checked by the FDA for the safety. Some of the devices show false readings, which cause severe life threatening injuries. Generally, recalling the product after it has been well placed in the market, involves high logistics costs, that cause the decline of the company profit and brand value. This ultimately affects the business and is considered a major restrain for the point of care diagnostics market.
The stringent regulatory policies and reimbursement-cuts causing pricing pressure, are also considered as restraining factors for the growth of the market.
North America Dominates the Market
The global point of care diagnostics market has been dominated by North America region, with approximately more than 42% market share of the total market in 2016. North America is growing in the point of care diagnostics market, usually due to the increasing prevalence of the diseases and favorable government regulations and initiatives, taken for the development of healthcare infrastructure. The Asia-Pacific region is also anticipated to show promising growth in the future.
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The global Point of Care Diagnostics market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Point of Care Diagnostics Market Report covers the Top Key-players in 2021:-
- Beckman Coulter Inc.
- Dickinson And Company
- Instrumentation Laboratory
- Johnson & Johnson
- Nova Biomedical
- Roche Diagnostics Limited
- Siemens Ag
Highlighted points of Point of Care Diagnostics Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Point of Care Diagnostics Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Point of Care Diagnostics? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Point of Care Diagnostics Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Point of Care Diagnostics Market? What Was Capacity, Production Value, Cost and PROFIT of Point of Care Diagnostics Market?
- What Is Current Market Status of Point of Care Diagnostics Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Point of Care Diagnostics Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Point of Care Diagnostics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Point of Care Diagnostics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Point of Care Diagnostics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Point of Care Diagnostics Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Point of Care Diagnostics Industry?
Key Developments in the Point of Care Diagnostics Market:
Reasons to Purchase the Report
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Finally, the report Global Point of Care Diagnostics Market 2021 describes the Point of Care Diagnostics industry expansion game plan, the Point of Care Diagnostics industry knowledge supply, appendix, analysis findings, and the conclusion.
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