Global Point of Care Testing Market Analysis by Top Key Manufacturers, Application, Revenue and Market Share by 2027
The Global Point of Care Testing market size is expected to reach USD 57.08 Billion by 2027, according to a new report by Emergen Research.
Increasing government initiatives to promote the use of Point of Care Testing products and the rise in the geriatric population are driving the demand of the market.
Besides, the emergence of next-gen POC testing devices such as smartphone based devices and cost-effective wearable glucose meters are also contributing to the growing sales of the market. Increasing research and development for the production of technologically advanced, cost-effective, and user-friendly product is augmenting the demand for the industry.
The extensive analysis covered in the report offers insights into the estimated growth of the market during the forecast timeline. The report estimates the CAGR at which the market is expected to grow throughout the forecast timeline of 2020-2028.
The analysis is done on the basis of the authentic and relevant information obtained from in-depth primary and secondary research. Additionally, the factors expected to drive or restrain the growth of the market are studied extensively in the report.
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Some Key Highlights From the Report
- The Glucose Monitoring Products segment dominated the market with a share of 28.5% in 2019 due to the growing occurrence of diabetes and an increase in the number of glucose monitoring products. Also, the increasing prevalence of cancer globally contributes to the growth of the Tumor/Cancer Marker Testing Product.
- The Home care Settings is expected to register the highest CAGR of 10.9% over the forecast period as the patients prefer home care settings.
Emergen Research has segmented the global Point of Care Testing Market on the basis of Product, End-User, Mode of Purchase, and region:
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Infectious Disease Testing Products
- Glucose Monitoring Products
- Pregnancy and fertility Testing Products
- Cardio-metabolic Monitoring Products
- Hematology Testing Products
- Cholesterol Testing Products
- Tumor/Cancer Marker Testing Products
- Others
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Clinical Laboratories
- Home care Settings
- Hospitals
- Others
- Mode of Purchase Outlook (Revenue, USD Billion; 2017-2027)
- Over-the-counter (OTC) Products
- Prescription Based Products
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Elements analyzed in the report:
The Global Point of Care Testing Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.
Regional Analysis of the Point of Care Testing Market includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Asia-Pacific is expected to register the highest CAGR over the forecast period due to the increasing prevalence of infectious diseases and diabetes.
Radical Highlights of the Point of Care Testing Market Report:
- Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
- Focus on market scenario, dynamics, and trends to be expected in the coming years
- Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
- Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
- Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
- Accurate 8-year forecast analysis for the growth of Point of Care Testing market
- Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations
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