POC Market / Point-Of-Care Diagnostics Industry Trends and Growth Drivers Report

POC Market / Point-Of-Care Diagnostics Industry Trends and Growth Drivers Report

Point-Of-Care Diagnostics Devices And Equipment Global Market Report 2019
Siemens Healthineers Is One Of The Largest Companies In The Point-of-Care Diagnostics Devices And Equipment Market, According To TBRC’s Report (Companies: Abbott, F. Hoffmann-La Roche, Siemens Healthineers, Danaher and Beckman Coulter)

The global point-of-care diagnostics devices and equipment market was valued at about $9.3 billion in 2018. North America is the largest market for point-of-care diagnostic devices and equipment.

The point-of-care diagnostics devices and equipment market consists of sales of point-of-care (POC) diagnostics devices and equipment and related services. Point-of-care diagnostics devices and equipment are designed to aid physicians in performing medical diagnostic testing at or near the point of care, for immediate knowledge on diseases or conditions. Point-of-care diagnostics are segmented into cardio metabolic monitoring kits, infectious diseases testing kits, cardiac and cancer markers excluding blood glucose monitoring kits. Major players in the market are Abbott, F. Hoffmann-La Roche, Siemens Healthineers, Danaher and Beckman Coulter.

Siemens Healthineers AG is the mother company for several medical technology companies and is headquartered in Munich, Germany. The company dates its early beginnings in 1847 to a small family business in Berlin, co-founded by Werner von Siemens.

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The global point-of-care diagnostics devices and equipment market is expected to grow to $11.35 billion at a rate of about 5.1% through 2022. An increase in the incidence of target diseases is driving the POC devices and equipment market globally. The rising incidence of chronic diseases, like diabetes, rheumatism, or cancer is increasing steadily worldwide due to poor lifestyle choices and increasing obesity, thus driving the growth of POC devices and equipment market.

The POC diagnostics devices and equipment market is expected to slow down due to stringent regulatory policies, which increases the gestational period before the product enters market.

Over-the-Counter (OTC) testing is being termed as an important trend driving the growth of point of care diagnostics market. FDA has approved OTC test kits for cholesterol, fecal occult blood, pregnancy and HIV/HCV. This method would improve the access to testing and early detection of the disease. These testing kits may generate more revenue than prescription tests over the forecast period due to ease of using the kits, increased home care and self-testing, and rise in availability and adoption rate.

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Few Points from Table of Contents: 

3. Point-of-Care Diagnostics Devices And Equipment Market Size And Growth

3.1. Global Point-of-Care Diagnostics Devices And Equipment Historic Market, 2014 – 2018, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Point-of-Care Diagnostics Devices And Equipment Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Point-of-Care Diagnostics Devices And Equipment Market Segmentation

4.1. Global Point-of-Care Diagnostics Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Infectious disease testing kits

Cardio metabolic monitoring kits,

Cholesterol testing kits

Pregnancy and fertility tests kits

Tumor/cancer markers

Urinalysis testing kits

Hematology testing kits

Drugs of abuse testing kits

Fecal occult testing kits

Others

4.2. Global Point-of-Care Diagnostics Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

Professional diagnostic centers

Hospitals/critical care centers

Outpatient healthcare Setting

Ambulatory care settings

Research laboratories

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