Point of Care Diagnostics Market PPT


Vaibhav20

Uploaded on Jul 23, 2021

The point of care diagnostics market is witnessing substantial growth amid the COVID-19 pandemic. Certain factors such as sudden rise in coronavirus infections and exponential growth in COVID-19 diagnostic kits played a prominent role in the growth of the point of care diagnostics market during the pandemic.

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Point of Care Diagnostics Market PPT

Point of Care Diagnostics Market  Point of Care Diagnostics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Glucose Monitoring Products, Infectious Disease Testing Products, Cardiometabolic Testing Products, Pregnancy and Fertility Testing Products, Coagulation Testing Products, Tumor/Cancer Marker Testing Products, Cholesterol Testing Products, Urinalysis Testing Products, Hematology Testing Products, and Other POC Products), Prescription Mode (Prescription-Based Testing and OTC Testing), and End User (Professional Diagnostic Centers, Home Care, Research Laboratories, and Others), and Geography Point of Care Diagnostics Market   Current and future Market Scenario  According to our new research study on “Point of Care Diagnostics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Prescription Mode, and End User,” the market is expected to reach US$ 82,958.3 million by 2028 from US$ 36,000.4 million in 2021. 8  The market is estimated to grow with a CAGR of 12.7 % from 2021-2028. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth.  Certain factors such as sudden rise in coronavirus infections and exponential growth in COVID-19 diagnostic kits played a prominent role in the growth of the point of care diagnostics market during the pandemic. In 2020, the prescription- based testing segment held a larger share of the market and is expected to register a higher CAGR during the forecast period.  This segment is also expected to dominate the market in 2027. The growth of this segment is mainly attributed to the increasing incidence and prevalence of lifestyle diseases and the lack of awareness on OTC POCT devices in developing nations. Key Findings  The point of care diagnostics market is witnessing substantial growth amid the COVID-19 pandemic. Certain factors such as sudden rise in coronavirus infections and exponential growth in COVID-19 diagnostic kits played a prominent role in the growth of the point of care diagnostics market during the pandemic.   factors such as sudden rise in coronavirus infections and exponential growth in COVID-19 diagnostic kits played a prominent role in the growth of the point of care diagnostics market during the pandemic. In addition, the growing demand for rapid test kits for faster diagnosis at public places is also estimated to have positive impact on the market growth. Market Insights Increase In Prevalence of Infectious Diseases Point of care testing (POCT) is described as medical diagnostic testing at or near the point of care that is, at time and place of patient care. The purpose of POCT is to provide immediate information to physicians about the patient's condition. For instance, in June 2019, Abbott launched first-ever rapid POC HbA1c test to aid in the diagnosis of diabetes; this test provides results in three minutes, enabling clinicians to develop informed, individualized care plans during patient consultation. Moreover, in July 2021, BD announced launch of rapid and portable point-of-care antigen test for diagnosis of COVID-19. The new test kit is capable to deliver results within 15 minutes of the test. Point of Care Diagnostics Market   Market Segments By Product (Glucose Monitoring Products, Infectious Disease Testing Products, Cardiometabolic Testing End User (Professional Diagnostic Products, Pregnancy and Fertility Prescription Mode Centers, Home Care, Research Testing Products, Coagulation (Prescription-Based Testing Laboratories, and Others), and Testing Products, Tumor/Cancer and OTC Testing) Geography Marker Testing Products, Urinalysis Testing Products, Hematology Testing Products, and Other POC Products) Point of Care Diagnostics Market Dominating Segments    Hemophilia is a condition where blood does not clot, and this condition is normally inherited. The condition is   caused due to defects in a gene of the X chromosome, which is a clotting factor. Generally, the diseases are widely seen in males as the X chromosome is inherited from mother to baby boy.  The disease is widely treated with replacement therapy and gene therapy. The other treatment which is used is medication. However, there are ways to reduce the risk of the condition, which include regular exercise and others. The condition can be prevented by taking preventive treatment by injection of clotting factor VIII for hemophilia A, or IX for hemophilia B.  In Italy, according to the data of the National Center for Biotechnology Information (NCBI) in 2017, the number of registered people with bleeding disorders increased from about 7000 in 2000 to around 8500 in 2011 and more than 11,000 in 2015. The trend is due to an upsurge in the number of patients who are recorded, mainly in those with vWD type 1, mild hemophilia, or other factor deficiencies. Dominating Segments Product Insights Products Insights  The use of point of care testing has steadily increased over the last 40 years since its widespread introduction. New technologies or products are being refined and improved to deliver easier to use devices with incremental improvements in analytical performance.  The growth of the POC market is mainly attributed to the introduction of new devices to perform molecular testing. Many new devices have been launched in recent years. For instance, in June 2019, Abbott launched first- ever rapid POC HbA1c test to aid in the diagnosis of diabetes; this test provides results in three minutes, enabling clinicians to develop informed, individualized care plans during patient consultation.  Download PDF Brochure https://www.theinsightpartners.com/sample/TIPRE00006394/?source=others-10389 Dominating Segments The report segments point of care diagnostics market as follows:   By Product Glucose Monitoring Infectious Disease Testing HIV Testing Influenza Testing Sexually Transmitted Disease (STD) Testing Hepatitis C Testing Healthcare-Associated Infection (HAI) Testing Tropical Disease Testing Respiratory Infection Testing Other Infectious Disease Testing Cardiometabolic Testing Pregnancy and Fertility Testing Coagulation Testing Dominating Segments Tumor/Cancer Marker Testing Cholesterol Testing Urinalysis Testing Hematology Testing Other POC Products By Prescription Mode Prescription-Based Testing OTC Testing By End User Professional Diagnostic Centers Hospitals Clinical Laboratories Outpatient Healthcare Ambulatory Care Settings Home Care Research Laboratories Others Point of Care Diagnostics Market   Leading Players Company Profiles in Point of Care Diagnostics Market are: F. HOFFMANN-LA ROCHE LTD. Danaher BIO-RAD LABORATORIES INC. Abbott Johnson and Johnson Services, Inc. Siemens AG BD BioMerieux SA Polymer Technology Systems, Inc. (PTS) Nova Biomedical REGIONAL FRAMEWORK REGIONAL FRAMEWORK Point of Care Diagnostics Market     Point of Care Diagnostics Market     Access Full Research Report at: https://www.theinsightpartners.com/reports/point-of-care-diagnostics-market?source=other-10389   Thank You! Thank You!