Point-of-Care Diagnostics Market Insights, Share, Growth Drivers and Forecast to 2024

Point-of-Care Diagnostics Market

New York, United States, 2019-Aug-13 — /EPR Network/ — The massive unexplored point-of-care diagnostics market in the emerging economies is creating ample opportunities for the growth of the global point-of-care diagnostics market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand of point-of-care devices, with better and cost effective point-of-care diagnostics, thus fuelling the growth of the global point-of-care diagnostics market.

Some of the factors driving the growth of the global point-of-care diagnostics market are increasing prevalence of infectious diseases, increasing prevalence of hospital acquired diseases, growing government support to increase adoption of point-of-care devices, increasing usage of home based point-of-care devices, growing geriatric population, and increasing government support to increase adoption of point-of-care devices. In addition, the increasing prevalence of lifestyle associated diseases, such as cardiovascular disease and diabetes, decreasing number of technicians in central laboratories, increasing private investment for new product development, and increasing awareness campaigns and conferences are fueling the growth of the global point-of-care diagnostics market.

Geographically, North America leads the global point-of-care diagnostics market, due to increasing lifestyle associated disease and increasing usage of point-of-care devices. Asia-Pacific is the fastest growing region in the global point-of-care diagnostics market, which is driven by growing healthcare expenditure, large pool of patients, increasing government initiatives and support.

Abbott Laboratories Inc., Siemens Healthcare, F Hoffmann La-Roche, Nipro Diagnostics Inc., Johnson & Johnson, Abaxis Inc., Alere Inc., Becton, Dickinson and Company, Beckman Coulter Inc., and Bayer Healthcare are some key players operating in the global point-of-care diagnostics market.

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