According to the Report "Point-Of-Care Diagnostics", Published by Market Data Forecast, the Global Market is Projected to Reach USD 30.01 Billion by 2021, at a CAGR of 9.76 % From 2016 to 2021

HYDERABAD, India, December 5, 2016 /PRNewswire/ --

Point-of- care diagnostics allow a speedy, convenient, and cost-efficient way to diagnose diseases at healthcare centers and hospitals. Point-of- care diagnostics is a term collectively used for diagnostic procedures and tests performed on-site. Many advanced point of care diagnostic products are on the verge of being used practically and widely.

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But, more than innovative and advanced point-of- care devices, the demand for inexpensive solutions that can be set up in regions where infectious diseases are highly prevalent. In developing regions, these tests are crucial in counterbalancing the lack of adequate laboratory capacity.
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The major factors that are driving the growth of the market are advances in technology and introduction of cost effective and high quality medical solutions aimed at achieving miniaturization and lab automation, rising levels of patient awareness, Patients suffering from long-term diseases such as diabetes, are actively participating in the shift relating to the implementation of point-of-care diagnostic practices.
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Effort and co-ordination required among healthcare centers, researchers, practitioners and manufacturers, reluctance from the industry towards changing the existing norms, frequent product recalls, stringent regulatory framework and unfavourable reimbursement scenario are the major restraints that hamper the growth of the dental device market.

The Point of Care Diagnostics Market is segmented as follows:

Based on Product:

• Infectious Diseases
• Cardiac Markers
• Oncology Markers
• OTC Diagnostic Tests
• Drugs Of Abuse
• Blood Gas Testing
• Fertility Testing
• Urinalysis
• Coagulation
• Hematology
• Glucose Monitoring
• Ambulatory Chemistry
• Decentralized Clinical Chemistry
• Others

Based on Mode of Delivery: 

• OTC
• Prescription

Based on End-users: 

• Hospitals
• Clinics
• Home Healthcare
• Ambulatory Care Settings
• Laboratories
• Others

Based on Geography 

• North America Point-Of-Care Diagnostics Market
• Europe Point-Of-Care Diagnostics
• Asia - Pacific Point-Of-Care Diagnostics
• Latin America Point-Of-Care Diagnostics Market
• Middle-East & Africa Point-Of-Care Diagnostics Market

Some of the major companies dominating the global market are Abbott Laboratories, Inc., Danaher Corporation, Roche Diagnostics Limited, BioMerieux, Siemens Healthcare, Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson , Alere Inc., and PTS Diagnostics.

The Point of Care Diagnostics Market study offers the following deliverables: 

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Checkout other related studies in the Diagnostics Segment: 

Genetic Testing Market: http://www.marketdataforecast.com/market-reports/global-genetic-testing-market-36/

AutoImmune Diagnostics Market: http://www.marketdataforecast.com/market-reports/global-auto-immune-diagnostics-market-1190/

Blood Testing Market: http://www.marketdataforecast.com/market-reports/global-blood-testing-market-1405/

Diagnostic Imaging Market: http://www.marketdataforecast.com/market-reports/global-diagnostic-imaging-market-654/

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