Healthcare

Point Of Care Testing Market Projected to Reach $50.5Million, Globally, by 2025, at a CAGR of 10.0%

Global Point of care testing Market to reach USD 50.5 billion by 2025.Global Point of care testing market valued approximately USD 23.6 billion in 2017 is anticipated to grow with a healthy growth rate of more than 10.0% over the forecast period 2018-2025. Healthcare decentralization coupled with the technological advancements are considered as the key growth trends for the global point of care testing market over the forecast period.

According to the fight chronic disease organization in 2015, in U.S. 133 million deaths are caused and disability due to chronic diseases. It is estimated that 45% Americans populations are suffering from at least one chronic disease. Since point of care testing is a faster and efficient diagnostic test that offers better monitoring, diagnosis, disease management. As a result, the adoption and demand for point of care testing products would increase thereby, supplementing the growth of the market over the forecast period.

The study offers an extensive analysis of key drivers, opportunities, key segments, regions, and major manufacturers. Additionally, the competitive scenario in different geographies is outlined to assist new entrants, leading market players, and investors to determine emerging economies. Insights presented in the report would benefit market players to develop strategies for the future and gain a strong position in the global market.

The report offers detailed segmentation of the global Point Of Care Testing market based on xx, yy, zz, and region. It evaluates these regions based on the prospect and status for the forecast period. Additionally, the research presents the current market condition and outlook of each region. Regions analyzed in the research include North America, Europe, China, Japan, Middle East & Africa, India, and South America. Market dynamics are also revealed in the research based on risks, driving forces, and opportunities. A brief overview of each segment and sub-segment is provided.

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The research offers an in-depth analysis of major market players operating in the global Point Of Care Testing industry.

Key market players operating in the industry include:

  • Abbott Laboratories
  • Siemens Healthineers
  • Roche Diagnostics
  • Becton, Dickinson and Company
  • Quest Diagnostic
  • Johnson & Johnson
  • Danaher Corporation
  • Siemens
  • Accubiotech
  • EKF Diagnostics

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players

The research demonstrates the performance of each player active in the industry. Besides this, the report offers an overview and highlights of recent advancements of each player in the market. These insights help understand the competitive scenario and take important steps to gain major market share. Comprehensive analysis of consumption, market share, and growth rate of each application is offered for the historic period. The report also offers insights on suppliers, buyers, and merchants in the market.

The research evaluates the manufacturing cost of the global Point Of Care Testing market. It discusses key raw materials, dealers, and labor costs. In addition, it evaluates the manufacturing process of the industry. The research also provides insights into Porter’s Five Forces model, value chain analysis, and PEST analysis.

The report clearly indicates that the Point Of Care Testing industry has achieved extensive growth since 2025 with several significant advances related to the industry. This report is prepared based on a detailed evaluation of the industry by experts.To conclude, stakeholders, investors, product managers, marketing executives, and other professionals looking for unbiased data on supply, demand, and future estimates would find the report valuable.

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Sumedh Raj

Sumedh is a content marketing coordinator and social media manager for The Innovative Reports and Market Research Analyst. Sumedh holds a Bachelor's Degree in Communications and Public Relations from University of Pune and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with his dogs.

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