"The Point-of-Care Testing (POCT) Market research report offers valuable and actionable market insights crucial for developing sustainable and profitable business strategies. The report carefully examines the geographical scope of products in chief global areas, aiding in strategizing product distribution. This reliable Point-of-Care Testing (POCT) Market report also contributes to the measurement and optimization of each step in the industrial process lifecycle, including engagement, acquisition, retention, and monetization. Each factor is thoroughly researched, providing enhanced and actionable market insights.
The analysis report approximates the growth rate and market value based on market dynamics and growth-inducing factors. It enlists major competitors, offering strategic insights and analyzing key factors influencing the Point-of-Care Testing (POCT) Market industry. The report covers market definition, segmentation, competitive analysis, and research methodology. Understanding consumer demands, preferences, attitudes, and changing tastes is vital for businesses, and this market report provides comprehensive insights. The Point-of-Care Testing (POCT) Market business document caters to the client's requirements effectively.
Point-of-care testing is defined as testing that may be done in close proximity to the patient and allows a medical choice to be taken immediately based on the results and monitoring. Point-of-care testing (POCT), also known as with-patient testing, allows doctors to assess accurate real-time, lab-quality diagnostic results in minutes rather than hours. It guarantees that patients get the most effective and efficient care possible, whenever and wherever they need it.
Data Bridge Market Research analyses that the Point-of-Care Testing (POCT) market which was USD 32.93 billion in 2022, would rocket up to USD 73.19 billion by 2030, and is expected to undergo a CAGR of 10.50% during the forecast period. “Glucose monitoring products” dominates the product segment of the point-of-care testing (POCT) market owing to the growing demand for glucose monitoring products for point-of-care testing (POCT) of diabetes. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Explore Further Details about This Research Point-of-Care Testing (POCT) Market Report https://www.databridgemarketresearch.com/reports/point-care-testing-poct-market
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2016-2021) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | By Product (Glucose Monitoring Products, Cardiometabolic Testing Products, Infectious Disease Testing Products, Pregnancy and Fertility Testing Products, Tumor/Cancer Marker Testing Products, Urinalysis Testing Products, Cholesterol Testing Products, Hematology Testing Products, Drugs-of-Abuse Testing Products, Fecal Occult Testing Products, Rapid Coagulation Testing, Other POC Products), Application (Blood Transfusion, Cardiac Monitoring, Coagulation, Blood Glucose, Haematology, Non- Invasive SPO2 Monitoring, Non- Invasive PCO2 Monitoring, Whole Blood Analysis, Vital Sign Monitoring, Others), Platform (Lateral Flow Assays/Immunochromatography Tests, Dipsticks, Microfluidics, Molecular Diagnostics, Immunoassays), Prescription Mode (Prescription-Based Testing, OTC Testing), Testing Type (Immunoassays, Cell-Based Assays, Nucleic Acid Amplification Testing, Clinical Chemistry Assays, Hematology), End-User (Hospitals, Clinics, Laboratories, Home Care, Ambulatory Surgery Centers, Others), Distribution Channel (Direct Tender, Retail Pharmacies) |
Countries Covered | U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America |
Market Players Covered | Abbott (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), B.D. (U.S.), Siemens Healthcare Private Limited (Germany), Bio-Rad Laboratories, Inc. (U.S.), Danaher (U.S.), Sekisui Diagnostics (U.S.), Trinity Biotech (Ireland), bioMérieux (France), EKF Diagnostics (Germany), AccuBioTech Co., Ltd. (China), Instrumentation Laboratory (U.S.), Beckman Coulter, Inc. (U.S.), PTS Diagnostics (U.S.), Nova Biomedical (U.S.), Chembio Diagnostics, Inc. (U.S.), Quidel Corporation (U.S.), Sienco, Inc (U.S.) |
Market Opportunities |
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Point-of-care testing is defined as testing that may be done in close proximity to the patient and allows a medical choice to be taken immediately based on the results and monitoring. Point-of-care testing (POCT), also known as with-patient testing, allows doctors to assess accurate real-time, lab-quality diagnostic results in minutes rather than hours. It guarantees that patients get the most effective and efficient care possible, whenever and wherever they need it.
POC tests are not as highly preferred as central laboratory tests because of low volume and high cost. This puts additional strain on the billing system, which must give distinct codes for POC tests. This might result in billing errors by inexperienced or newly hired employees and failure to enter data into the data management system due to mismatched test codes.
Point-of-Care Testing (POCT) Market Dynamics
Drivers
- Rising trend in prevalence of diseases
Chronic diseases and acute infections are on the rise in developing countries, due to a lack of health awareness, poor medical infrastructure, and a sedentary lifestyle, among other causes. As a result of these circumstances, diagnosis and treatment are delayed, as the quality of care obtained. The need for point-of-care tests for rapid diagnosis is growing due to their convenience of use, cost-effectiveness, and small product size.
- Benefits related with OTC-based test
The point of care testing market for T.C. tests is expected to develop due to an increase in OTC testing such as pregnancy tests and blood glucose tests that deliver results in a matter of seconds. These examinations do not necessitate the use of a skilled specialist and may be performed by individuals themselves, propelling the industry forward. The First Response kit, for example, is a quick pregnancy test that provides a response in 60 seconds. Accu-Chek active blood glucose metre kits also give customers with readings in 5 seconds, boosting market demand.
- Increasing incidence rate of diabetes
The increasing incidence rate of diabetes is a global health concern, reflecting a growing prevalence of this metabolic disorder. Diabetes occurs when the body either doesn’t produce enough insulin or cannot effectively use the insulin it produces, leading to elevated blood sugar levels. Factrors contributing to rising incidence include sedentary lifestyles, unhealthy diets, and an aging population.
- Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
The report provides insights on the following pointers:
- Point-of-Care Testing (POCT) Market Penetration: Comprehensive information on the product portfolios of the top players in the Point-of-Care Testing (POCT) Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the Point-of-Care Testing (POCT) Market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Point-of-Care Testing (POCT) Market
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