Point-of-Care Diagnostics Market Analysis, Drivers, Trends, Challenges & Forecast

Global point of care diagnostics market is witnessing growth, due to miniaturization of point-of-care testing devices, technological advancement of point-of-care devices, and healthcare decentralization.

The massive unexplored point-of-care diagnostics market in the emerging economies is creating ample opportunities for the growth of the global point-of-care diagnostics market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand of point-of-care devices, with better and cost effective point-of-care diagnostics, thus fuelling the growth of the global point-of-care diagnostics market.

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Some of the factors driving the growth of the global point-of-care diagnostics market are increasing prevalence of infectious diseases, increasing prevalence of hospital acquired diseases, growing government support to increase adoption of point-of-care devices, increasing usage of home based point-of-care devices, growing geriatric population, and increasing government support to increase adoption of point-of-care devices. In addition, the increasing prevalence of lifestyle associated diseases, such as cardiovascular disease and diabetes, decreasing number of technicians in central laboratories, increasing private investment for new product development, and increasing awareness campaigns and conferences are fueling the growth of the global point-of-care diagnostics market. However, the lack of alignment with definitive central lab method, drawbacks of point-of-care testing over central lab method, and strict and time consuming regulatory approval are some of the factors, restraining the growth of the global point-of-care diagnostics market to some extent. Further, the reluctance towards changing the existing treatment practice and lack of reimbursement are also hindering the growth of the global point-of-care diagnostics market.

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The key players operating in the global point-of-care diagnostics market are Abbott Laboratories Inc., Siemens Healthcare, F Hoffmann La-Roche, Nipro Diagnostics Inc., Johnson & Johnson, Abaxis Inc., Alere Inc., Becton, Dickinson and Company, Beckman Coulter Inc., and Bayer Healthcare.

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Keywords : Point-of-Care Diagnostics Market, Point-of-Care Diagnostics Market Size, Point-of-Care Diagnostics Market Share, Point-of-Care Diagnostics Market Demand, Point-of-Care Diagnostics Market Forecast,

by Vijay Kumar (few years ago!)

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