DUBLIN--(BUSINESS WIRE)--The "Point of Care Diagnostics Market to 2027 - Global Analysis and Forecasts by Product, by Prescription Mode, End User and Geography" report has been added to ResearchAndMarkets.com's offering.
The global point of care diagnostics market is expected to reach US$ 70.89 Bn in 2027 from US$ 26.6 Bn in 2018. The market is estimated to grow with a CAGR of 11.8% from 2019-2027.
The market for point of care diagnostics is expected to grow, owing to factors such as increasing incidences of infectious diseases, product launches and product development and increasing number of CLIA-waived POC tests over the years. In addition, the emerging markets in developing countries are likely to have a positive impact on the growth of the market in the coming years. However, factors such as product recalls in market are likely to have a negative impact on the growth in the coming years.
The product recalls in market may restrain the growth of the market during the forecast period. Global supply chains as well as increasingly stringent regulations. Recently, in 2018, PTS Panels CHOL+GLU test strips, which are the in vitro diagnostic medical devices (IVDs), were recalled in Australia due to due to the potential for loss of activity of the glucose analyte before the specified shelf life.
According to the Department of Health, Therapeutic Goods Administration, these devices were produced by Point Of Care Diagnostics Australia Pty Ltd. Based on the results of internal testing, there was potential for under-recovery of the glucose analyte, and therefore, potential for lower results for the glucose test. This issue may result in the delay in diagnosis of diseases. Such events have hampered the customer confidence toward the use of point of care devices.
Global point of care diagnostics market is segmented by product, prescription mode, and end user. On the basis of product, the market is segmented into glucose monitoring products, infectious disease testing products, cardiometabolic testing products, pregnancy and fertility testing products, coagulation testing products, tumor/cancer marker testing products, cholesterol testing products, urinalysis testing products, hematology testing products, and other POC products.
On the basis of prescription mode, the market is segmented into prescription-based testing and OTC testing. Based on end user, the market is segmented into professional diagnostic centers, home care, research laboratories, and others. In 2018, the glucose monitoring products segment held the largest share in the market, by product.
Some of the major primary and secondary sources included in the report are, Food and Drug Administration, World Health Organization, Public Health Agency of Canada, Canadian Diabetes Association, National Healthcare Safety Network (NHSN), International Diabetes Federation, Diabetes Education Society of South Africa (DESSA), Canadian Breast Cancer Foundation, National Cancer Institute (NCI), National Institute of Cancer Prevention and Research (NICPR), Pancreatic Cancer Network South Africa, and others.
Key Topics Covered
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Point Of Care Diagnostics Market - By Product
1.3.2 Global Point Of Care Diagnostics Market - By Prescription Mode
1.3.3 Global Point Of Care Diagnostics Market - By End User
1.3.4 Global Point Of Care Diagnostics Market - By Geography
2. Global Point Of Care Diagnostics Market - Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Global Point of Care Diagnostics Market - Market Landscape
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South & Central America PEST Analysis
5. Global Point of Care Diagnostics Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Incidences of Infectious Diseases
5.1.2 Product Launches and Product Developments
5.1.3 Increasing Number of CLIA-waived POC tests
5.2 Key Market Restraints
5.2.1 Product Recalls in Market
5.3 Key Market Opportunities
5.3.1 Emerging Markets in Developing Countries
5.3.2 Increasing Number of Conferences and Events
5.4 Future Trends
5.4.1 Increasing Use of Home-Based POC Devices
5.5 Impact Analysis
6. Point Of Care Diagnostics Market - Global Analysis
6.1 Global Point Of Care Diagnostics Market Revenue Forecasts And Analysis
6.2 Global Point Of Care Diagnostics Market, By Geography - Forecasts And Analysis
6.3 Performance of Key Players
7. Global Point Of Care Diagnostics Market Analysis - by Product
7.2 Global Point of Care Diagnostics Market, By Product 2018 & 2027 (%)
7.3 Glucose Monitoring Products Market
7.4 Infectious Disease Testing Market
7.5 Cardiometabolic Testing Products Market
7.6 Pregnancy And Fertility Testing Products Market
7.7 Coagulation Testing Products Market
7.8 Tumor/Cancer Marker Testing Products Market
7.9 Cholesterol Testing Products Market
7.10 Urinalysis Testing Products Market
7.11 Haematology Testing Products Market
7.12 Other POC Products Market
8. Global Point Of Care Diagnostics Market Analysis - by Prescription Mode
8.2 Global Point of Care Diagnostics Market, By Prescription Mode 2018 & 2027 (%)
8.3 Prescription-Based Testing Market
8.4 OTC Testing Market
9. Global Point Of Care Diagnostics Market Analysis - by End User
9.2 Global Point of Care Diagnostics Market, By End User 2018 & 2027 (%)
9.3 Professional Diagnostic Centers Market
9.4 Home Care Market
9.5 Research Laboratories Market
9.6 Others Market
10. Point of Care Diagnostics Market Revenue and Forecasts to 2027 - Geographical Analysis
10.1 North America Point of Care Diagnostics Market Revenue And Forecasts To 2027
10.2 Europe Point of Care Diagnostics Market Revenue And Forecasts To 2027
11. Asia Pacific POC Diagnostics Market Revenue and Forecasts to 2027
11.1 Asia Pacific Point of Care Diagnostics Market Revenue And Forecasts To 2027
11.2 Asia Pacific Point of Care Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
12. MEA POC Diagnostics Market Revenue and Forecasts to 2027
12.1 Middle East & Africa Point of care Diagnostics Market Revenue And Forecasts To 2027
13. SCAM POC Diagnostics Market Revenue and Forecasts to 2027
13.1 South & Central America Point of care diagnostics Market Revenue And Forecasts To 2027
14. Point of Care Diagnostics Market - Industry Landscape
14.2 Growth Strategies in the Point of care diagnostics market, 2016-2019
14.3 Organic Growth Strategies
14.4 Inorganic Growth Strategies
15. Point of Care Diagnostics Market - Key Company Profiles
15.1 F. Hoffmann-La Roche Ltd.
15.5 Polymer Technology Systems Inc. (PTS Diagnostics)
15.6 Johnson & Johnson Services Inc.
15.7 Nova Biomedical
15.8 bioMerieux S.A.
15.9 Bio-Rad Laboratories Inc.
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