AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

$30.9 Bn Point Of Care/POC/Rapid Diagnostic Market By Test, Platform, Mode, End User - Global Forecast To 2024 - ResearchAndMarkets.com

March 8, 2019

DUBLIN--(BUSINESS WIRE)--Mar 8, 2019--The “Point Of Care/POC/Rapid Diagnostic Market By Test, Platform, Mode, End User - Global Forecast To 2024” report has been added to ResearchAndMarkets.com’s offering.

The global point of care (POC) diagnostics market is expected to grow at a CAGR of 8% from 2018 to reach $30.9 billion by 2024

Factors such as high prevalence of infectious diseases, rising incidence of target diseases, need for rapid diagnostics, skilled staff shortages in diagnostic labs, growing preference for home healthcare/self-testing, and favorable government initiatives for the adoption of POC testing products are expected to fuel the growth of point of care diagnostics market during the forecast period.

Despite the significant advances in sanitation and medicine, infectious diseases still annually claim in excess of more than 15 million lives in recent years. Infectious diseases are now emerging or re-emerging almost every year; thus, accurate diagnostics play a critical role in clinical decision making, and in disease control, and prevention. Therefore, POC tests for infectious diseases are expected to witness the highest growth among all POC products during the forecast period.

The Lateral Flow Immunoassay (LFIA) technology is the most simple and successful rapid diagnostics testing platform. The development of LFIA tests for use in developing countries has been focused majorly on infectious diseases including HIV, Strep A/B, legionella, malaria, respiratory viruses, influenza, meningitis, filariasis, tuberculosis, measles, mumps, rubella, chlamydia, and gonorrhea. LFIA platforms have significantly impacted on the treatment of cardiac diagnosis as well. Therefore, based on platform, LFIA dominates the POC market and will continue to play an important role during the forecast period owing to the increasing prevalence of infectious diseases and growing adoption of lateral flow POC diagnostics as compared to lab tests.

Based on end user, home care/self-testing commanded the largest share of the global point of care diagnostics market. This segment is also expected to witness the highest CAGR during the forecast period owing to the mounting inclination for at home healthcare, growing focus on continuous and remote monitoring, and expanding need for rapid tests among home care users.

North America commanded the largest share of the global POC market, followed by Europe, Asia-Pacific (APAC), Latin America, and the Middle East & Africa. However, APAC is estimated to be the fastest growing region due to presence of significant patient pool especially in rural/remote areas with limited healthcare access, aging population, rising burden of chronic diseases and infectious diseases. In APAC, China provides lucrative growth opportunities for the point of care diagnostics market players.

Key Topics Covered:

1. Introduction

1.1. Currency and Limitations

2. Research Methodology

2.1. Research Process

3. Executive Summary

4. Market Insights

4.1. Introduction

4.1.1. Drivers

4.1.1.1. Increasing Prevalence of Infectious Diseases

4.1.1.2. Growing Incidence of Target Diseases

4.1.1.3. Technological Advancements and New Products Launches

4.1.1.4. Rising Number of CLIA-Waived PoC Tests

4.1.1.5. Shortage of Skilled Laboratory Technicians

4.1.1.6. Increasing Funding/Investments For the Development of PoC Products

4.1.2. Restraints

4.1.2.1. Presence of Stringent Regulatory Policies

4.1.2.2. Pricing Pressures Owing to Reimbursement Cuts and Budget Constraints

4.1.3. Opportunities

4.1.3.1. Increasing Number of Conferences and Events

4.1.3.2. Growth Opportunities in Emerging Markets

4.1.3.3. PoC Tests with Multiplexing Capabilities

4.1.3.4. Healthcare Transition Converting Lab Tests to PoC Tests

4.1.4. Challenges

4.1.4.1. Lack of Knowledge About the Use of PoC Devices

4.1.4.2. High Cost of PoC Devices

4.2. Regulatory Analysis

4.2.1. North America

4.2.2. Europe

4.2.3. Asia-Pacific

4.2.4. Latin America, Middle East & Africa

4.3. Supply Chain Analysis

4.4. Pricing Analysis

4.5. Market Share Analysis

5. Point of Care Diagnostics Market, by Product

5.1. Introduction

5.2. Blood Glucose Monitoring Testing Products

5.2.1. Strips

5.2.2. Meters

5.2.3. Lancets & Lancing Devices

5.3. Cardiac Metabolism Monitoring Testing Products

5.3.1. Blood Gas/Electrolytes Testing Products

5.3.2. Cardiac Markers

5.3.3. Hba1c Testing Products

5.4. Infectious Disease Testing Products

5.4.1. Influenza Testing Products

5.4.2. HIV Testing Products

5.4.3. Hepatitis C Testing Products

5.4.4. Sexually Transmitted Disease (STD) Testing Products

5.4.5. Healthcare Associated Infection (HAI) Testing Products

5.4.6. Respiratory Infection Testing Products

5.4.7. Tropical Disease Testing Products

5.4.8. Other Infectious Disease Testing Products

5.5. Coagulation Monitoring Products

5.5.1. Prothrombin Time (PT/INR) Testing Products

5.5.2. Activated Clotting Time (ACT/aPTT) Testing Products

5.6. Pregnancy and Fertility Testing Products

5.6.1. Pregnancy Testing Products

5.6.2. Fertility Testing Products

5.7. Fecal Occult Testing Products

5.8. Hematology Testing Products

5.9. Tumor/Cancer Markers Testing Products

5.10. Drugs of Abuse Testing Products

5.11. Urinalysis Testing Products

5.12. Cholesterol Testing Products

5.13. Other PoC Testing Products

6. Point of Care Diagnostics Market, by Platform

6.1. Introduction

6.2. Lateral Flow Assays (Immunochromatography Tests/Lateral Flow Immunoassays)

6.3. Dipsticks

6.4. Microfluidics

6.5. Molecular Diagnostics

7. Point of Care Diagnostics Market, by Mode

7.1. Introduction

7.2. Prescription-Based Testing Products

7.3. Over-the-Counter (OTC) Testing Products

8. Point of Care Diagnostics Market, by End User

8.1. Introduction

8.2. Home Care/Self Testing

8.3. Physician offices & Outpatient/Ambulatory Care Settings

8.4. Hospitals

8.5. Research Laboratories

9. Point of Care Diagnostics Market, by Geography

9.1. Introduction

9.2. North America

9.2.1. U.S.

9.2.2. Canada

9.3. Europe

9.3.1. Germany

9.3.2. Italy

9.3.3. France

9.3.4. U.K.

9.3.5. Spain

9.3.6. RoE

9.4. Asia-Pacific

9.4.1. Japan

9.4.2. China

9.4.3. India

9.4.4. RoAPAC

9.5. RoW

9.5.1. Latin America

9.5.2. Middle East & Africa

10. Company Profiles (Business Overview, Financial Overview, Products Portfolio, Strategic Developments)

10.1. Abbott Laboratories

10.2. AccuBioTech Co., Ltd.

10.3. Becton, Dickinson, and Company (BD)

10.4. Chembio Diagnostic Systems, Inc.

10.5. Danaher Corporation

10.6. EKF Diagnostics Holdings plc

10.7. WerfenLife, S.A.

10.8. Johnson & Johnson Services, Inc.

10.9. Nova Biomedical

10.10. F. Hoffmann-La Roche Ltd.

10.11. Sekisui Chemical Co. Ltd.

10.12. Quidel Corporation

10.13. Siemens AG

10.14. Trinity Biotech

For more information about this report visit https://www.researchandmarkets.com/research/dg982l/30_9_bn_point_of?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190308005129/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Point-of-Care Diagnostics

KEYWORD:

INDUSTRY KEYWORD: HEALTH OTHER HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/08/2019 04:55 AM/DISC: 03/08/2019 04:55 AM

http://www.businesswire.com/news/home/20190308005129/en