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Point of Care Diagnostics Market is expected to garner $43,336 million by 2022

Access the full summary @ https://www.alliedmarketresearch.com/point-of-care-diagnostics-market <br>Rising prevalence of various infectious diseases and several initiatives implemented by government and non-government associations for rise in health awareness around the world are the factors majorly driving the point of care diagnostics market growth. The technological advancements in point of care diagnostic devices, introduction of home-based point of care devices; and increase in healthcare expenditure also support the growth of the global point of care diagnostics market. However, stringent government regulations for the product approval and reimbursement issues for the point of care devices restrict the market growth.

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Point of Care Diagnostics Market is expected to garner $43,336 million by 2022

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  1. Point of Care Diagnostics Market  Global Opportunity Analysis and Industry Forecasts, 2014 - 2022

  2. Current and Future Market Scenario • In 2015, glucose monitoring kits was the leading segment of overall point of care diagnostics market revenue. • Global Point of Care Diagnostics market is expected to garner $43,336 million by 2022. • Point of Care Diagnostics Market will grow at a CAGR of 9.4% during the period 2016-2022. • Infectious disease testing kits segment is expected to grow at a remarkable CAGR of 13.1%, owing to increased demand in the diagnosis of infectious diseases. • Over-the-counter testing kits segment is projected to grow at a CAGR of 104% during analysis period. Point of Care Diagnostics Market

  3. Factors Contributing to Market Growth • Rising prevalence of various infectious diseases and several initiatives implemented by government and non-government associations for rise in health awareness around the world are the factors majorly driving the point of care diagnostics market growth • Other factors that contribute to market growth are: • Increasing prevalence of chronic and infectious diseases • Initiatives implemented by government and not-for-profit associations for rising health awareness • Technological Advancements and adoption of home-based point of care devices • Increasing healthcare expenditures worldwide Point of Care Diagnostics Market

  4. Market Segments Point of Care Diagnostics Market

  5. Dominating Segments • Glucose monitoring kit was the leading segment in 2015 and is expected to continue dominance throughout the forecast period. • Glucose monitoring devices are used to measure the amount of glucose or sugar level in the blood stream. • These devices provide reliable results, which can be used during routine check-ups to interpret risk factors with high sugar and also help in the designing of new diet chart& medications. Point of Care Diagnostics Market

  6. Region Overview • Geographically, the Point of Care Diagnostics Marketis segmented across North America, Europe, Asia-Pacific, and LAMEA. • North America was the leading regional POC devices market followed by Europe and Asia-Pacific in 2015. • Japan alone is the major shareholder in the Asia-Pacific region accounting for about one-third share of the Asia-Pacific point of care diagnostics market. • Asia-Pacific infectious diseases testing kits market is expected to grow at a CAGR o 14.1% during analysis period. Point of Care Diagnostics Market

  7. Leading Players • The leading players in the point of care diagnostics industry are highly focused to expand their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. • Abbott Laboratories, Siemens AG, F. Hoffmann-La Roche Ltd., Sinocare Inc., Johnson & Johnson, Sysmex Corporation, Nova Biomedical, Danaher Corporation, Becton Dickinson and Company, bioMrieux SA, and Bio-Rad Laboratories are key players in this industry. Point of Care Diagnostics Market

  8. Point of Care Diagnostics Market A report titled “Point of Care Diagnostics Market- Opportunities and Forecasts, 2014 – 2020” has been recently published by Allied Market Research. The report makes close observations of pipeline structure for end-to-end point of care diagnostic market around the world. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective. To know more about the Point of Care Diagnostics Market- Opportunities and Forecasts, 2014 – 2020 report: https://www.alliedmarketresearch.com/point-of-care-diagnostics-market Follow us on Thank You

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