According to a new market research report published by Global Insight Services “Point of Care & Rapid Diagnostics Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Point of care (POC) or rapid diagnostics is the use of diagnostic tests at or near the site of patient care. Rapid diagnostics refers to a particular type of point of care testing that uses molecular techniques for the detection of pathogens. POC testing can be used to guide patient care, including decisions about treatment, discharge and referral. POC tests are usually simpler and faster than laboratory-based tests, and can be performed by non-laboratory personnel.
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Key Trends
There are several key trends in point-of-care and rapid diagnostics technology.
There is a trend toward more portable and easy-to-use devices. This is in part due to the fact that more and more healthcare providers are working in settings outside of the traditional hospital or clinic. Patients are also increasingly demanding more convenient and accessible care.
There is a trend toward more sensitive and specific tests. This is driven in part by the need to make more accurate diagnoses, but also by the desire to catch diseases earlier, when they are more treatable.
There is a trend toward cheaper and more rapid tests. This is driven by the need to reduce healthcare costs and the desire to get results more quickly.
Key Drivers
The key drivers of the Point of Care & Rapid Diagnostics market are the increasing prevalence of chronic diseases, the growing demand for early disease detection, and the rising awareness of the benefits of point-of-care testing.
Market Segments
By Product
- Glucose Monitoring Kits
- Infectious Diseases Testing Kits
- Pregnancy And Fertility Testing Kits
- Cardiometabolic Monitoring Kits
- Urinalysis Testing Kits
- Cholesterol Test Strips
- Others
By Mode of Prescription
- Prescription Based Devices
- OTC Based Devices
Key Players
- Abbott Laboratories
- Alere, Inc.
- Becton, Dickinson and Company
- Cepheid
- Johnson & Johnson
- Roche Diagnostics
- Siemens Healthcare
- Thermo Fisher Scientific
- Hologic, Inc.
- Quidel Corporation
- bioMrieux SA
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