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Point of Care Testing (POCT) Beating Market By Excellent Revenue Growth

Jan 31, 2021 8:11 AM ET

Point of Care Testing (POCT) Beating Market By Excellent Revenue Growth

HTF Market Intelligence released a new research report of 223 pages on title ‘Global Point of Care Testing (POCT) Market (By Diagnostics Segment, Mode, End Users, Regions), Impact of COVID-19, 100 Company Profiles – Forecast to 2026’  with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, Asia-Pacific, South America, Middle East and Africa . and important players such as Abbott Laboratories, Siemens Healthineers , Roche Diagnostics, Etc  .

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Impact of COVID-19 on Global Point of Care Testing Market

The COVID–19 outbreak has become a global stress test. The disease has infected over 92 Million people worldwide. Globally the death toll has reached 1,974,201 according to the latest statistics from the Worldometers (as of January 13, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. The COVID-19 outbreak has created a sense of urgency and panic among people globally. While people are being advised to stay indoors, healthcare professionals and researchers have registered a state of urgency. In this scenario, the point-of-care diagnostics forms the crux of increased testing. Manufacturers in the point-of-care testing market are focusing on developing novel technologies for maximum testing within a minimum period. The novel coronavirus has accelerated the research and development activities in the point-of-care diagnostics market. Development and production in maximum numbers is the need of the hour. Therefore, quick FDA approvals are proving to be the cherry on the cake for the growth of the point-of-care testing market.

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By Mode – Global Point of Care Testing Market & Forecast

On the basis of mode, the point of care testing market is dominated by OTC-based testing segment. OTC tests do not require dedicated space as clinical laboratory, and even their turn around time is quick. The Prescription based testing segment is expected to grow at the highest rate during the forecast period.

By End Users – Global Point of Care Testing Market & Forecast

Based on end users, the point of care testing market is segmented into Hospitals, Clinics, Laboratories, Home Care and Assisted Living Healthcare Facilities. Hospitals held majority of the point of care testing market, followed by Clinics. Increase in prevalence of chronic conditions such as cancer and cardiovascular diseases that require proper monitoring and prefer minimally invasive procedures are carried out in hospitals and clinics. The home care segment is expected to grow at the highest rate during the forecast period driven by increasing preference for home and remote monitoring and rising demand for rapid tests among home care users. 

By Region – Global Point of Care Testing Market & Forecast

The point of care testing market, by region, is dominated by North America and is expected to maintain its position throughout the forecast period. This can be attributed to rising prevalence of chronic disorders and infectious diseases, which need portable and rapid diagnosis, increasing number of product approvals, and rising government initiatives to support the adoption of POCT in this region. Europe held second highest share of the point of care testing market. Asia-Pacific point of care testing market is expected to grow at the fastest rate during the forecast period driven by growing geriatric population base, rising prevalence of target diseases, increasing demand for home healthcare and the introduction of new products enabled with advanced technologies.
  
iGATE RESEARCH report titled “Global Point of Care Testing (POCT) Market (By Diagnostics Segment, Mode, End Users, Regions), Impact of COVID-19, 100 Company Profiles – Forecast to 2026” provides a comprehensive analysis of the Global Point of Care Testing Market.  
 
By Mode – Global Point of Care Testing Market & Forecast

• Prescription-based Testing
• OTC-based Testing

By End Users – Global Point of Care Testing Market & Forecast

1. Hospitals
2. Clinics
3. Laboratories
4. Assisted Living Healthcare Facilities
5. Home Care

By Region – Global Point of Care Testing Market & Forecast

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

Company Profiles

1. Abbott Laboratories   2. Siemens Healthineers   3. Roche Diagnostics   4. Quest Diagnostics   5. Becton, Dickinson and Company   6. ACON Laboratories   7. Abaxis, Inc    8. Abingdon Health, Ltd   9. Access Bio, Inc.  10. AccuBioTech Co, Ltd.   11. Akers Biosciences, Inc.   12. Alfa Scientific Designs, Inc   13. American Bio Medica Corporation   14. AmniSure International   15. Aquila Diagnostic Systems, Inc   16. ARKRAY Inc   17. Artron Laboratories Inc.  Etc.

Data Source

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
 
Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

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“1. Executive Summary

2. Impact of COVID-19 on Global Point of Care Testing Market

3. Global – Point of Care Testing Market & Forecast (2010 – 2026)

4. Global – Point of Care Testing Market Share & Forecast (2010 – 2026)

4.1 By Diagnostics Segment – Global Point of Care Testing Market Share & Forecast
4.2 By Mode – Global Point of Care Testing Market Share & Forecast
4.3 By End Users – Global Point of Care Testing Market Share & Forecast
4.4 By Region – Point of Care Testing Market Share & Forecast

5. By Diagnostics Segment – Global Point of Care Testing Market & Forecast (2010 – 2026)

6. By Mode – Global Point of Care Testing Market & Forecast (2010 – 2026)

6.1 Prescription-based Testing Market & Forecast
6.2 OTC-based Testing Market & Forecast

7. By End Users – Global Point of Care Testing Market & Forecast (2010 – 2026)

8. By Region – Global Point of Care Testing Market & Forecast (2010 – 2026)
 
9. Point of Care Testing Market – Company Profiles

….Continued

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