Market Definition
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.
Market Outlook
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.
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.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The Point of Care & Rapid Diagnostics Market has been segmented into Product, End-User, and Region. Based on the Product, the Point of Care & Rapid Diagnostics Market is segmented into Glucose Monitoring Kits, Infectious Diseases Testing Kits, Pregnancy and Fertility Testing Kits, Cardiometabolic Monitoring Kits, Urinalysis Testing Kits, Cholesterol Test Strips, and Others. Based on End-User, the market is segmented into Professional Diagnostic Centers, Research Laboratories, Home Care, and Others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players
Some major key players of Point of Care & Rapid Diagnostics Market Abbott Laboratories (US), Alere, Inc. (US), Becton, Dickinson and Company (US), Cepheid (US), Johnson & Johnson (US), Roche Diagnostics (Switzerland), Thermo Fisher Scientific (US), Hologic, Inc. (US), Quidel Corporation (US), and bioMrieux SA (France).
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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