Point of Care Testing Market Size by Product, End User, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2029
Overview
Point-of-Care Testing Market (POC) size is expected to reach 21.31 US$ Bn in year 2029, at a CAGR of 4.8% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Point-of-Care Testing Market (POC) Dynamics:
Rise in the usage of home-based glucose monitoring systems, Coagulation Monitoring, Infectious Diseases Testing, trending Pregnancy and Fertility Testing, increasing investment in technology are some of the driving factors to the point of the care market. All the driving factors given here are analyzed and explained in the report by region. The report has covered the different and innovative launching schemes by different governments across the world.
These devices are being highly used for the rapid diagnosis of disease conditions for the early detection and management of the disease, which acts as the factor of growth in the point of care market. The report has also covered the restraining factors for the market .
Point-of-Care Testing Market (POC) Segment Analysis:
Global Point-of-Care (POC) Testing Market is segmented into Product Type, by End-user Type, and by geography. Based on product type point of the care market is segmented into Glucose Monitoring, Cardiac Markers, Infectious Diseases Testing, Cholesterol Testing, Coagulation Monitoring, Pregnancy and Fertility Testing, Hematology Testing, Blood Gas Testing & Others. By End-User are segmented in Clinics, Home, Laboratories, Assisted living healthcare facilities, Hospitals. Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
In terms of Product Type, Infectious Diseases Testing will be in higher demand due to rising Point-of-care diagnostic, which are offering various schemes such as ease of use in remote areas, technological advancements, and lowered price points, tests are used in finger stick or capillary samples will be the key factor to boost the point of care market.
In the end-user segment, Home Care will be fastest growing department due to growing concern for early-stage disease detection and to avoid the occurrence of any chronic condition is expected to drive the remote monitoring and raise demand for rapid tests are a growth opportunity in the point-of-care testing market.
Point-of-Care Testing Market (POC) Regional Insights:
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market growth in the region can be attributed to the emerging economies, increasing disposal income, Large-scale rising population, changing lifestyle and early safety and precaution will boost the point-of-care testing market in the Asia Pacific.
The objective of the report is to present a comprehensive analysis of the Global Point-of-Care (POC) Testing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with an analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Point-of-Care (POC) Testing Market dynamics, structure by analyzing the market segments, and project the Global Point-of-Care (POC) Testing Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Point-of-Care (POC) Testing Market make the report investor’s guide.
Point-of-Care (POC) Testing Market, Key Highlights:
• Global Point-of-Care (POC) Testing Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Point-of-Care (POC) Testing Market
• Global Point-of-Care (POC) Testing Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Point-of-Care (POC) Testing Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Point-of-Care (POC) Testing Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Point-of-Care (POC) Testing Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of Global Point-of-Care (POC) Testing Market Report: Inquire before buying
| Global Point of Care Testing Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2021 | Forecast Period: | 2022-2029 |
| Historical Data: | 2017 to 2021 | Market Size in 2021: | US $ 14.64 Bn. |
| Forecast Period 2022 to 2029 CAGR: | 4.8% | Market Size in 2029: | US $ 21.31 Bn. |
| Segments Covered: | by Product | • Glucose Monitoring • Cardiac Markers • Infectious Diseases Testing • Cholesterol Testing • Coagulation Monitoring • Pregnancy and Fertility Testing • Hematology Testing • Blood Gas Testing • Others |
|
| by End User | • Clinics • Home Care • Laboratories • Assisted living healthcare facilities • Hospitals |
||
Global Point-of-Care (POC) Testing Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Global Point-of-Care (POC) Testing Market Key Player
• Abbott
• Beckman Coulter Inc.
• Instrumentation Laboratory
• Johnson & Johnson
• Nova Biomedical
• Qiagen
• Roche Diagnostics Limited
• Siemens AG
• Abaxis, Inc.
• Abbott Laboratories
• Alfa Scientific Designs, Inc.
• ARKRAY, Inc.
• Ascencia Diabetes Care Holdings AG
• Becton Dickinson and Company
• bioMerieux SA
• CHEMBIO DIAGNOSTICS, INC.
• F. Hoffmann-La Roche AG
• LamdaGen Corporation
• Medtronic Public Limited Company
• Nova Biomedical
Frequently Asked Questions:
1] What segments are covered in the Global Point of Care Testing Market report?
Ans. The segments covered in the Market report are based on Application and Type
2] Which region is expected to hold the highest share in the Global Market?
Ans. The North American region is expected to hold the highest share in Market.
3] What is the market size of the Global Market by 2029?
Ans. The market size of the Global Market by 2029 is expected to reach US$ 21.31Bn.
4] What is the forecast period for the Global Market?
Ans. The forecast period for the Market is 2022-2029.
5] What was the market size of the Global Market in 2021?
Ans. The market size of the Global Market in 2021 was valued at US$ 14.64Bn.