Global Point-of-Care Testing (POCT) Market is segmented into direct tenders and retail. In 2017, the direct tender market is expected to dominate the market with a share of 64.0% in the forecast period 2017-2024.
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“Global point-of-care testing market” is expected to reach USD 35.3 billion by 2024 from USD 18.6 billion in 2016, growing at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Point-of-Care Testing (POCT) Market, By Product (Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits, Infectious Disease Testing Kits, Cholesterol Testing Kits, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Cholesterol Test Strips, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits, & Others) By Prescription Mode, By Distribution Channel, By End User (Hospital, Clinics, Ambulatory Care, Home Healthcare, & Research Laboratory) By Geography- Trends and Forecast to 2024
No. of Pages: 357
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Global Point-of-Care Testing (POCT) Market Segmentation:
On the basis of product, the market is segmented into 13 major segments, which includes blood glucose testing kits, cardio metabolic monitoring kits, infectious disease testing kits, cholesterol testing kits, pregnancy and fertility tests kits, tumor/cancer markers, urinalysis testing kits, cholesterol test strips, hematology testing kits, drugs of abuse testing kits, fecal occult testing kits, rapid coagulation testing kits and others In 2017, blood glucose testing kits segment is expected to dominate the market with a share of around 27.0% and is expected to continue this trend till 2024.
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On the basis of end users, the Point-Of-Care Testing market report is segmented into hospital, clinics, ambulatory care, home healthcare, and research laboratory. Hospital segment is further categorized into emergency department critical-care unit, general ward, and others (intensive care unit, neo-natal).
Also, clinic is segmented into physicians’ clinic and diagnostic clinic. In 2017, the hospital market is expected to dominate the market with a share of around 33.0% in the forecast period 2017-2024.
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Global Point-of-Care Testing (POCT) Market Key Points:
F.Hoffmann-La Roche Ltd is going to dominate the Point-Of-Care Testing market following with Siemens AG and Abbott Laboratories, Inc., along with others such as Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson, Alere Inc., Instrumentation Laboratory, PTS Diagnostics, Abaxis, Inc., Medtronic, Accriva Diagnostics, OPTI Medical, Sienco, Inc., Alpha Scientific, AccuBioTech Co., Ltd., ACON Laboratories, Inc., Acrongenomics, Inc., bioMérieux SA, Biomerica, Inc., Atlas Genetics Ltd., Alfa Scientific Designs, Inc., Bio-Rad Laboratories, Inc., Medica Corporation, and Nova Biomedica.
- Home Healthcare market is growing with the highest CAGR.
- Blood glucose testing kits is driving the market with highest market share. However, Tumor/Cancer Markers is growing with highest CAGR.
- Direct Tenders is dominating the global Point-Of–Care Testing market.
Global Point-of-Care Testing (POCT) Market Key Drivers:
- High cost, stringent regulatory framework, product recalls and reluctance from the industry towards changing the existing norms are some of the factors which may hinder the growth of the market.
- As increased awareness among the population driving the growth for the point-of-care testing market.
- POCT has become significant part of patient care at various health care facilities.
- Ease of use and rapid test will drive the market in future.
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