Market Definition
Point of care (POC) or bedside testing is medical testing performed at or near the site of patient care, instead of sending the patient to a central laboratory for testing. POC testing is usually performed with rapid tests that can provide results in minutes, allowing the clinician to make decisions about treatment while the patient is still in the office or hospital.
Market Outlook
The key trends in Point Of Care Diagnostics & Testing technology are:
- Increased accuracy and precision: With advances in technology, point-of-care diagnostic tests are becoming more accurate and precise. This is especially important for tests that are used to diagnose serious conditions such as cancer or heart disease.
- Increased speed: Point of care diagnostic tests are also becoming faster, with some tests providing results in just a few minutes. This is important for patients who need quick results, such as those who are experiencing a heart attack or stroke.
- Increased availability: Point-of-care diagnostic tests are becoming more widely available, with more tests being approved for use by the FDA each year.
- Some of the key drivers of the point-of-care diagnostics and testing market include the increasing prevalence of chronic diseases, the rising demand for early disease detection, and the growing preference for home-based testing.
- The prevalence of chronic diseases is increasing globally due to the changing lifestyle and the growing aging population. This has led to the demand for early disease detection and the need for frequent monitoring of these diseases.
- The rising demand for home-based testing is another key driver of the point-of-care diagnostics and testing market. Home-based testing is convenient and helps in avoiding the hassle of visiting a healthcare facility for testing.
- The point-of-care diagnostics and testing market is also driven by the increasing adoption of these tests by healthcare professionals. The tests offer accurate and timely results, which helps in the early diagnosis and treatment of diseases.
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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 diagnostics and testing market is segmented by product, end-use, and region. By product, the market is classified into glucose testing, coagulation testing, infectious disease, and others. Based on end-use, it is bifurcated into clinics, hospitals, homes, laboratories, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
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Key Players
The global point of care diagnostics and testing market includes players such as Danaher, BD Inc, Qiagen, Abbott, Siemens Healthcare AG, BioMerieux SA, Zoetis, Inc., Instrumentation Laboratory, Nova Biomedical, and Quidel Corp.
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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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