Point of care testing Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast 2027

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Increasing government initiatives to promote the use of Point of Care Testing products and the rise in the geriatric population are driving the demand of the market.

Market Size – USD 26.28 billion in 2019, Market Growth - CAGR of 10.2%, Market Trends – Increasing preference f

The latest report on the Global Point Of Care Testing  Market added by Emergen Research provides a comprehensive analysis of the industry size, revenue forecast, and regional spread of the market.  The report illustrates the expansion strategies, challenges, and growth prospects undertaken by the key players of the point of care testing  market. The research report on the point of care testing  market offers an extensive analysis of the trends, factors influencing the market growth, and market segmentation. Furthermore, the report also examines the market drivers, opportunities, and factors likely to restrain the growth of the point of care testing  market over the forecast timeline.

The research report on the Global Point of care testing Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The Point of care testing Market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process. The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic. The report considers COVID-19 as a key contributor to the dynamically altered market scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.

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The research study offers a decisive view of the global point of care testing  market through its in-depth segmentation based on types, applications, and regions. The point of care testing  market segments have been analyzed based on the historical data and current scenario to offer accurate insights into the market outlook. The report segments the global point of care testing  market into:

Based on Type:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Infectious Disease Testing Products
  • Glucose Monitoring Products
  • Pregnancy and fertility Testing Products
  • Cardio-metabolic Monitoring Products
  • Hematology Testing Products
  • Cholesterol Testing Products
  • Tumor/Cancer Marker Testing Products
  • Others

Based on Application:

End-User Outlook (Revenue, USD Billion; 2017-2027)

  • Clinical Laboratories
  • Home care Settings
  • Hospitals
  • Others

Mode of Purchase Outlook (Revenue, USD Billion; 2017-2027)

  • Over-the-counter (OTC) Products
  • Prescription Based Products

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The research report covers an in-depth assessment of the key strategies and plans undertaken by the key competitors of the market. It provides a comprehensive overview of the financial overview of the companies, business strategies, expansion plans, research and development activities, and their product portfolio. It also sheds light on the mergers and acquisitions, joint ventures, collaborations, and the latest technological developments. The report offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to impart a better understanding of the competitive landscape and to analyze the growth scope of each player.

The key companies profiled in the report are:

Key participants include Abbott Laboratories, Chembio Diagnostics, Siemens, Roche Diagnostics, Danaher Corporation, Johnson Johnson, Qiagen, Becton, Dickinson and Company, Nova Biomedical, and Quidel Corporation, among others.

Some Key Highlights from the Report

  • The Glucose Monitoring Products segment dominated the market with a share of 28.5% in 2019 due to the growing occurrence of diabetes and an increase in the number of glucose monitoring products. Also, the increasing prevalence of cancer globally contributes to the growth of the Tumor/Cancer Marker Testing Product.
  • The Home care Settings is expected to register the highest CAGR of 10.9% over the forecast period as the patients prefer home care settings.
  • Asia-Pacific is expected to register the highest CAGR over the forecast period due to the increasing prevalence of infectious diseases and diabetes.

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The report provides an in-depth analysis of the global point of care testing  market with regards to its growth opportunities, production and consumption ratio, supply and demand, and export and import ratio. The market report offers key statistical data across the leading regions of the global point of care testing  market. The regional segment of the report covers the analysis of the key geographical regions, such as:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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