Point Of Care Testing Market (POCT) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020
Global Point-of-Care Testing Market (POCT) was valued at US$ 20.42 billion in 2018 and is anticipated to reach US$ 29.27 billion by 2025 displaying a reasonable CAGR of 5.33% over the forecast period (2019-2025). There have been tremendous advances in point-of-care diagnostics in recent years which are a result of continuous developments in biosensors, microfluidic, bioanalytical platforms, assay formats, lab-on-a-chip technologies, and complementary technologies. The current trend in POCD is inclined strongly towards smart devices equipped with mobile healthcare (mH), which could truly revolutionize personalized healthcare monitoring and management, thereby paving the way for next-generation POCT.
POCT plays a vital role in patient management, as it
critically shortens the time-to-treatment, enables the classification of stroke
subtypes, and improves the patient’s outcome. A varied range of POC assays has
been developed for the quantitative determination of biomarkers by using
portable and easy-to-use POC clinical and biochemical analyzers. Therefore,
POCT enables the rapid clinical decision-making in the diagnosis of ischemic
stroke, which could considerably improve patient outcomes by facilitating
treatment and medical intervention at an early stage. In the United States, under the
Clinical Laboratory Improvement Amendments of 1988 (CLIA), all clinical
laboratory testing including point-of-care testing (POCT) examining is
regulated.
Global Point-of-Care
Testing market by product type is bifurcated in Blood Glucose Monitoring
Test, Pregnancy & Fertility Testing, Infectious Disease Testing, Cardiac
Markers, Anticoagulant Management, Others. Blood Glucose Monitoring Test
products. The blood glucose testing products dominated the market accounting
for 75.1% share in 2018 and is anticipated to maintain its dominance during the
forecast period. In hospitals, control of blood glucose
(BG) in narrow therapeutic ranges requires appropriate near-patient glucose
monitoring techniques that need to be rapid, accurate, and cost-effective. The
reference standard remains central laboratory testing (CLT) of plasma
glucose.
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Near the Patient (NPT) and Over the Counter (OTC) /Patient Self-Testing
(PST) is the major segments based on prescription type in the global POCT
market. Over the Counter/Patient Self-Testing (OTC/PST) occupied the largest
share and is expected to maintain its dominance throughout the forecast period
2019-2025. The PST provides patients the freedom to test their International
Normalized Ratio (INR) from anywhere and at any time with quick results which
are comparable to those from the laboratory.
Based on end-users, the report segments the global POCT market into
Hospitals, Clinics & laboratories, home settings, and others are the major
end-users. In 2018, Hospitals were the largest revenue-generating segment for
technology. However, the home setting segment is expected to witness the highest
CAGR growth of 6.09% during the forecast period 2019-2025 owing to its expanded
applications and evolution in the home testing kits. There are tests available
to assist with the diagnosis of a wide range of conditions, from sexually
transmitted infections and stomach ulcers to Alzheimer’s disease and even
cancer. Patients with long-term medical complaints can accurately monitor their
conditions using home testing kits, such as diabetics checking their blood
glucose levels, however, the people can also buy over-the-counter genetic
testing kits depending upon their feasibility and interest.
For a deep-dive analysis of the
overall adoption of POCT technology, a detailed analysis was conducted for
major regions/countries including North America (US, Canada), Europe (Germany,
France, Spain, Italy, UK), Asia-Pacific (China, India, Japan, Australia) and
Rest of the world. In 2018, North America dominated the market with ~half the
market. However, increasing elderly populations majorly in countries such as
Japan and China, Asia-Pacific would emerge as one of the larger markets for the
technology in years to come.
For
detailed analysis on the prescription available and current and future use of Diagnostic
Products in Global Point-of-Care Testing browse through https://univdatos.com/report/point-of-care-testing-market-current-scenario-and-forecast-2019-2025
Roche Diagnostics, Becton, Dickinson
and Company, Abbott Laboratories, Inc., Biomérieux SA, Bio-Rad Laboratories,
Inc., Danaher Corporation, Johnson & Johnson, Siemens Healthineers, Sysmex
Corporation, and Thermo Fisher Scientific are some of the prominent players
operating in the global point-of-care testing market at the global scale.
However, owing to the increasing old age population and rising prevalence of
age-related disorders, the industry has witnessed the emergence of numerous
start-ups operating at the regional/country level.
Global Point-of-Care Testing Market Segmentation
Market Insights, by Product
·
Blood Glucose Monitoring Test
·
Pregnancy & Fertility
Testing
·
Infectious Disease Testing
·
Cardiac Markers
·
Anticoagulant Management
·
Others
Market Insights, by Prescription
·
Near the Patient Testing (NPT)
·
Over the Counter (OCT) /Patient
Self-Testing (PST)
Market Insights, by End-User
·
Hospitals
·
Clinics & Laboratory
·
Home Setting
·
Other Health Facilities
Market Insights, by Region
·
North America
o
United States
o
Canada
o
Rest of NA
·
Europe
o
Germany
o
United Kingdom
o
France
o
Italy
o
Spain
o
Rest of Europe
·
Asia-Pacific
o
China
o
Japan
o
Australia
o
India
o
Rest of APAC
·
Rest of World
Top Company Profiles
·
Abbott Laboratories
·
Becton, Dickinson, and Company
·
Biomerieux SA
·
Bio-Rad Laboratories
·
Danaher Corporation
·
Johnson & Johnson
·
Roche Holding AG
·
Siemens Healthineers AG
·
Thermo Fisher Scientific
·
Sysmex Corporation
The
Global Point-of-Care testing Market can be customized to the
country level or any other application. Besides this, UMI understands that you
may have your own business need, hence we also provide fully customized
solutions to clients. The Global POCT Market can be customized to the country
level or any other market segment.
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