Point of Care Testing Market to reach US$ 36 Billion by 2024

Point of Care Testing Market is anticipated to be US$ 36 Billion by 2024.
Renub Research report titled “Point of Care Testing Market, Global Forecast, By Diagnostics (Blood Glucose, Cardiac Marker, Lipid Panel/Cholesterol, Blood Coagulation, Infectious Disease, Urinalysis, Drug of Abuse, etc), Mode (Prescription-based & OTC-based Testing), End Users (Hospital, Clinic, Laboratories, Assisted Living Healthcare Facilities & Home), Regions (North America, Europe, etc), Companies (Abbott, Siemens, Roche, etc)” provides a complete analysis of Point of Care Testing Market.

Point of care testing (POCT), also known as bedside testing is a medical diagnostic testing that allows patient diagnoses on the field, in the ambulance, at the physician’s office, in the hospital, or at home. The results of the point of care testing are timely and accurate which allow rapid treatment to the patient. Point of care testing has the potential to widely impact the health care delivery system by addressing the challenges of health disparities in real time. The success of the potential shift from remedial medicine to modified, prognostic and preventive medicine could rely on the enhancement of portable monitoring and diagnostic devices for point of care testing. Point of Care Testing Market is projected to reach US$ 36 Billion by the end of year 2024.

 

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Point of care testing is essential for the rapid detection of analytes at the patient’s site, in order to facilitate better disease diagnosis, monitoring and management. Point of care testing, the diseases can be diagnosed at a very early stage which not only enables health experts to take quick medical decisions, but also improves patient’s health by enabling the early start of treatment. 

Point of care testing has witnessed a tremendous advancement in the recent time. Some of them include developments in the biosensors, assay formats, microfluidic, lab-on-a-chip technologies, bioanalytical platforms and complementary technologies. Today, Point of care testing systems offers a wide range of tests menu and can transmit tests results wirelessly to the patient’s medical record for doctor review.

                       

              

Advantage of Point of Care Testing System

Today, Point of care testing has become an integrated part of the healthcare system as it provides laboratory testing outside the main laboratory. Some of the advantages of Point of care testing include:

Efficiency: Point of care testing uses proficient work flow process, as the diagnosis is performed near or at the bedside of patient within a short time frame. Also, the testing is performed within the clinical management setting. 

Speed of Diagnosis and Treatment: Point of care testing offers rapid test results with the potential to accelerate medical decision-making. Point of care testing is conducted and medical care can be implemented promptly. The POCT process is more efficient for the physician, as they need not to wait for the tests results from the central laboratory.

 

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Portable devices:

a)Point of care testing devices is more compact than that of the central or core laboratory. Point of care testing devices requires less space for its operation and storage.
b)Point of care testing devices offers wide menu of tests.
c)Point of care testing allows tests to be performed at a variety of locations, i.e. in ambulance, at home, in hospital and so on.

The point of care testing devices offer efficient, quick and reliable tests results with the advantage of test being performed near to the patient. The Point of care testing market is expected to grow significantly in the near future due to increasing incidences of chronic & infectious diseases, growing preference for home healthcare, increasing geriatric population and technological advancements such as connectivity with Smartphone based applications.

 

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Key Topics Covered:

1. Executive Summary

2. Global Point of Care Testing Market & Forecast

3. Market Share – Global Point of Care Testing
3.1 By Diagnostics
3.2 By Region

4. Diagnostics Segments – Point of Care Market (2010 – 2024)
4.1 Blood Glucose Testing Market
4.2 Cardiac Marker Testing Market
4.3 Lipid Panel/Cholesterol Testing Market
4.4 Blood Coagulation Testing Market
4.5 Infectious Disease Testing Market
4.6 Urinalysis Testing Market
4.7 Drug of Abuse Testing Market
4.8 Fecal Occult Blood Testing Market
4.9 Pregnancy & Fertility Testing Market
4.10 Tumor Marker Testing Market

5. By Mode – Global Point of Care Testing Market (2010 – 2024)
5.1 Prescription-based Testing
5.2 OTC-based Testing

6. By End User – Global Point of Care Testing Market & Forecast
6.1 Hospital
6.2 Clinic
6.3 Laboratories
6.4 Assisted Living Healthcare Facilities
6.5 Home

7. By Region – Global Point of Care Testing Market & Forecast
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Latin America
7.5 Middle East/Africa (MEA)

8. Abbott Laboratories – Company Analysis
8.1 Overview
8.2 Business Portfolio
8.3 Financial Insight

9. Siemens Healthineers – Company Analysis
9.1 Overview
9.2 Business Portfolio
9.3 Financial Insight

10. Roche Diagnostics – Company Analysis
10.1 Overview
10.2 Business Portfolio
10.3 Financial Insight

11. Quest Diagnostic – Company Analysis
11.1 Overview
11.2 Business Portfolio
11.3 Financial Insight

12. Becton, Dickinson and Company – Company Analysis
12.1 Overview
12.2 Business Portfolio
12.3 Financial Insight

13. Johnson & Johnson – Company Analysis
13.1 Overview
13.2 Business Strategy
13.3 Financial Insight

14. Growth Drivers
14.1 Rise in Chronic Diseases Driving Demand
14.2 Continued Expansion of Point of Care Including Self Testing
14.3 New Evolution Enhances Point of Care Testing Market
14.4 Point of Care Testing: A Step to the Future

15. Challenges
15.1 Manufacturing Obstacles in POC Testing Product Development
15.2 Point of Care (POC) Testing Barriers in Low & Middle Income Countries

 

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