Tuesday 15 September 2020

Point of Care (POC) Diagnostics/Testing Market Research (2020-2025) Report by Global Key Players, Trends, Share, Industry Size, Segmentation

Point of Care (POC) Diagnostics/Testing Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Point-of-care (POC) diagnostics is referred to as medical testing at or near the site of patient care. These tests are developing in analytical scope, clinical application, and could be easily performed at the bedside. The test mainly involves blood and urine testing. The results of the test are obtained in a very short period.

 

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The key driving factors responsible for the growth of Point of Care (POC) Diagnostics/Testing market :

 

The factors that are playing a major role in the growth of point of care (POC) diagnostics market are the occurrence of chronic diseases, rising inclination toward home healthcare, private investment and project funding towards the development of new products, government initiatives to increase the adoption of POC devices, and efficient workflow process. However, disinclination among patients to change current treatment practices is a factor that is restraining overall market growth.

 

Point of care (POC) testing market is segmented based on product type, prescription mode, end user, and region. Tumor/cancer markers, fecal occult testing kits, glucose monitoring kits, urinalysis testing kits, drugs of abuse testing kits, cholesterol test strips, hematology testing kits, cardiometabolic monitoring kits, pregnancy and fertility testing kits, infectious diseases testing kits, coagulation monitoring kits, and other product types could be explored in point of care diagnostics market in the forecast period.

 

Cardiometabolic monitoring kits comprise cardiac markers, blood gas/electrolytes testing kits, hba1c testing kits, lipids testing. Pregnancy and fertility testing kits sector comprise pregnancy-testing kits, fertility-testing kits. Also, infectious diseases testing kits sector comprise influenza testing kits, HIV testing kits, hepatitis C testing kits, sexually-transmitted diseases (STDs) testing kits, tropical diseases testing kits, healthcare-associated infections (HAIs), respiratory infections testing kits, and others. Coagulation monitoring kits sector comprise prothrombin time (PT/INR) testing kits and activated clotting time (ACT/APTT) testing kits.

 

Based on the prescription mode, over-the-counter (OTC) testing kits and prescription-based testing kits could classify point of care (POC) diagnostics in the forecast period. Prescription-based testing kits segment accounted for the substantial market share of the point of care testing and is estimated to remain dominant over the forecast period. The reason being, rising chronic diseases and lack of awareness of the point of care (POC) testing.

 

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