The increasing awareness about healthcare importance
of proper infrastructure in healthcare set-ups are boosting the global
point-of-care diagnostics market, predicts Fortune Business Insights in their
new report. The report is titled,” Point-of-care Diagnostics (POC)Market:
Global Market Analysis, Insights, and Forecasts, 2018 – 2026”.
According to the report, the market is anticipated to
reach US$ 28,379.6 Mn by the end of 2026 from US$ 17,019.5 Mn in 2018. The
forecast period is set from 2018 to 2026 and the market is expected to grow at
a CAGR of 6.6%.
Key players leading the global Point-of-Care (POC) Diagnostics Market include
- Hoffmann-La Roche
- Johnson & Johnson
- BD
- Quidel
- Sekisui Diagnostics, LLC
- Danaher Corporation
- Siemens
- AccuBioTech Co., Ltd.
- Chembio Diagnostic Systems, Inc.
- EKF Diagnostics Holdings plc
- Instrumentation Laboratory (A Werfen Company)
- Nova Biomedical
- PTS Diagnostics
“Increasing Need for Immunotherapy and Other
Therapeutic Methods to Promote Growth”
The rise in geriatric population and their
vulnerability towards various diseases is a major factor augmenting growth in the
global point-of-care diagnostic market. This, coupled with the rising
prevalence of infectious diseases is boosting the market. The rise in
disposable incomes of people worldwide have encouraged people to opt for better
healthcare treatment and facilities. This is further prognosticated to fuel the
demand for point-of-care diagnostics market in the coming years.
Furthermore, prevailing occurrences of target diseases
is propelling demand for point-of-care treatment methods such as molecular
target therapy, immunotherapy, and other therapy methods. Such factors are
anticipated to help the market generate better revenues in the years to come.
However, factors such as high cost of installation and
high maintenance costs may hamper the market in the long run. Nevertheless,
with advancement in technology and new product launches, the market is
anticipated to grow remarkably in the years to come.
“Asia Pacific to Emerge as Fastest Growing Region with
Better Healthcare Settings”
Fortune Business Insights foresees the global market
for point-of-care diagnostics to witness the dominance of North America owing
to the increasing demand for technologically advanced point-of-care (POC)
diagnostic tools and machinery that provided accurate results. As per Fortune
Business Insights report, revenue earned by North America was US$ 6,125.5 Mn in
2018. However, the rapidly increasing and improving healthcare infrastructure
in emerging economies of Asia Pacific such as China, and India may help the
region to emerge as the fastest growing region in the forecast duration.
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