LONDON--(BUSINESS WIRE)--The global cardiac POC testing devices market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio.
The number of CVD cases has been growing significantly over the years, owing to factors such as the rising prevalence of diabetes, lack of physical activity, alcohol and tobacco intake, and high level of cholesterol in the blood. All these factors are contributing to the increasing demand for cardiac POC testing for the diagnosis of various diseases associated with CVD.
As per Technavio, the technological advances in diagnostics will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global cardiac POC testing devices market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Cardiac POC Testing Devices Market: Technological Advances in Diagnostics
There have been significant developments in the diagnostic landscape over the years, which includes portability of devices, increasing test menus, and the rising adoption of multiparameter monitoring devices. Moreover, several hospitals and clinics across the world have switched from conventional testing methods to POC testing owing to its improved efficiency and faster turnaround time. Thus, continuous innovations in diagnostics are expected to fuel the growth of the cardiac POC testing devices market during the forecast period.
“Apart from the technological advances in diagnostics, other factors such as the advent of wearable devices, and the increasing online presence of vendors will have a significant impact on the growth of the cardiac point of care testing devices market value during the forecast period,” says a senior analyst at Technavio.
Global Cardiac POC testing devices Market: Segmentation Analysis
This market research report segments the global cardiac POC testing devices market worth by end-user (hospitals and laboratories, diagnostic centers, and ambulatory centers and physicians’ clinics), and geographic regions (North America, Europe, Asia, and ROW).
The North America region led the cardiac POC testing devices market in 2018, followed by Europe, Asia, and ROW, respectively. The dominance of North America can be attributed to factors such as the presence of established vendors, and the availability of a wide variety of cardiac POC testing devices.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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