Point of Care Testing (POCT) Devices Market
Summary
The point of care testing (POCT) device in healthcare sector focuses on value rather than test volume and reimbursement issues that minimize tests to the optimal point where outcomes won't suffer while cost efficiencies are gained. The global point of care testing (POCT) diagnostics market is estimated to reach USD 20 billion by the year 2024. Upcoming technological advancements in smart phones, biosensors, lab-on-a-chip and wearable devices tend to transform the whole spectrum of POCT market. The driving force behind these innovations in healthcare is to provide ease of diagnosis where the patient is seen at home. In future POC can be the part of a paradigm shift from curative medicine to predictive, personalized and preemptive medicine. On the basis of settings and operating the POCT devices there are two categories: Non professional settings (scenes, non-medical facilities, home, etc) performed by non-traditional operators and professionals settings (Clinics, hospitals, lab, etc) performed by traditional operators. In Mexico, POCT devices are utilized in self monitoring, over the counter and emergency departments.
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Market Size and Forecast (2016-2024)
The emerging healthcare industry represents more than USD1.3 trillion and is growing at the rate of 6.8% across the globe. Out of which global medical device market in the year 2016 reached USD315 billion on the back of rapid advancement in medical devices technology. However, winning market share in the traditional markets (Western Europe, and the US) will remain difficult due to growing regulatory scrutiny and pricing pressures. German POCT devices market is almost USD 1.2 billion. In 2013, North America (US, Canada and Mexico) held the largest share of the global POC diagnostics market because of huge and increasing addressable patient population base. The US will remain the largest producer and consumer of medical devices, accounting for 26% of the global market. Similarly, the demand growth for medical devices in Western Europe is expected to stagnate, constrained by the declining expenditure from the budget-constrained healthcare industry. Asia Pacific, however, presents unique opportunities for medical device producers. For instance, China’s and India’s healthcare service revenues are advanced by 12% and 9%, respectively, in 2016 alone, resulting in a large number of new hospital construction projects and thus soaring demand for medical and surgical equipment.
Key Trends and Growth Drivers
Diabetes represents 67% of the market share and is the primary driver of POCT market followed by other highly growing segments include cardiac coagulations, infectious disease and blood gas with great optimization of care processes. MDx based tests for infectious diseases such as MRSA and Sepsis have significant growth potential as they are POC oriented.
Table of Contents
Table of Contents
1. Parent Market Synopsis
2. Executive Summary
3. Research Methodology
4. Regional Opportunity Analysis on the basis of Competitors
5. Global Point of Care Testing (POCT) Market Size (USD Billion) and Forecast Analysis, 2016-2024
6. Market Dynamics: Growth Drivers, Restraints and Opportunities
6.1. Risk Factors
6.2. Regional Variations
6.3. Recent Trends and Developments
7. Global POCT Market Segmentation
7.1. On System Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.1. Adoption Rate (%) by System Type
7.1.2. Blood Gas Family Systems (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
.Continued
For Detailed Reading Please visit @ https://www.wiseguyreports.com/reports/2111656-global-point-of-care-testing-poct-devices-market-outlook-2024-global
About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
NORAH TRENT
Partner Relations & Marketing Manager
sales@wiseguyreports.com
www.wiseguyreports.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
Summary
The point of care testing (POCT) device in healthcare sector focuses on value rather than test volume and reimbursement issues that minimize tests to the optimal point where outcomes won't suffer while cost efficiencies are gained. The global point of care testing (POCT) diagnostics market is estimated to reach USD 20 billion by the year 2024. Upcoming technological advancements in smart phones, biosensors, lab-on-a-chip and wearable devices tend to transform the whole spectrum of POCT market. The driving force behind these innovations in healthcare is to provide ease of diagnosis where the patient is seen at home. In future POC can be the part of a paradigm shift from curative medicine to predictive, personalized and preemptive medicine. On the basis of settings and operating the POCT devices there are two categories: Non professional settings (scenes, non-medical facilities, home, etc) performed by non-traditional operators and professionals settings (Clinics, hospitals, lab, etc) performed by traditional operators. In Mexico, POCT devices are utilized in self monitoring, over the counter and emergency departments.
Click here for sample report @ http://www.wiseguyreports.com/sample-request/2111656-global-point-of-care-testing-poct-devices-market-outlook-2024-global
Market Size and Forecast (2016-2024)
The emerging healthcare industry represents more than USD1.3 trillion and is growing at the rate of 6.8% across the globe. Out of which global medical device market in the year 2016 reached USD315 billion on the back of rapid advancement in medical devices technology. However, winning market share in the traditional markets (Western Europe, and the US) will remain difficult due to growing regulatory scrutiny and pricing pressures. German POCT devices market is almost USD 1.2 billion. In 2013, North America (US, Canada and Mexico) held the largest share of the global POC diagnostics market because of huge and increasing addressable patient population base. The US will remain the largest producer and consumer of medical devices, accounting for 26% of the global market. Similarly, the demand growth for medical devices in Western Europe is expected to stagnate, constrained by the declining expenditure from the budget-constrained healthcare industry. Asia Pacific, however, presents unique opportunities for medical device producers. For instance, China’s and India’s healthcare service revenues are advanced by 12% and 9%, respectively, in 2016 alone, resulting in a large number of new hospital construction projects and thus soaring demand for medical and surgical equipment.
Key Trends and Growth Drivers
Diabetes represents 67% of the market share and is the primary driver of POCT market followed by other highly growing segments include cardiac coagulations, infectious disease and blood gas with great optimization of care processes. MDx based tests for infectious diseases such as MRSA and Sepsis have significant growth potential as they are POC oriented.
Table of Contents
Table of Contents
1. Parent Market Synopsis
2. Executive Summary
3. Research Methodology
4. Regional Opportunity Analysis on the basis of Competitors
5. Global Point of Care Testing (POCT) Market Size (USD Billion) and Forecast Analysis, 2016-2024
6. Market Dynamics: Growth Drivers, Restraints and Opportunities
6.1. Risk Factors
6.2. Regional Variations
6.3. Recent Trends and Developments
7. Global POCT Market Segmentation
7.1. On System Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.1. Adoption Rate (%) by System Type
7.1.2. Blood Gas Family Systems (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
.Continued
For Detailed Reading Please visit @ https://www.wiseguyreports.com/reports/2111656-global-point-of-care-testing-poct-devices-market-outlook-2024-global
About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
NORAH TRENT
Partner Relations & Marketing Manager
sales@wiseguyreports.com
www.wiseguyreports.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
