Point of Care (PoC) Lipid Test Market Worth $280.0 Mn By 2022: Grand View Research, Inc.

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Grand View Research, Inc

29 Feb, 2016, 12:15 GMT

SAN FRANCISCO, February 29, 2016 /PRNewswire/ --

Global point of care (PoC) lipid test market is expected to reach USD 280.02 million by 2022 according to a new report by Grand View Research Inc. Growing geriatric population base, increasing global prevalence of cardiovascular diseases, and rising healthcare awareness due to patient education are the driving forces for the PoC Lipid Test industry growth during the forecast period.

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Browse full research report with TOC on "Point of Care (PoC) Lipid Test Market Size & Forecast By Instruments (Brand Market Sizing: Roche Reflotron, Roche Cobas b 101, Abaxis Piccolo, Alere Cholestech LDX, Alere Afinion, Samsung LABGEO, PTS CardioChek), By Application (Hyperlipidemia, Hypertriglyceridemia, Familial Hypercholesterolemia, Hyperlipoproteinemia, Tangier Disease), And Trend Analysis From 2015 To 2022" at: http://www.grandviewresearch.com/industry-analysis/point-of-care-poc-lipid-test-market                                                                                                                                                                                                          

Furthermore, continuous efforts by the government to reduce hospital stays and curb healthcare expenditure, establishments attempting to provide effective and rapid diagnostic results, and improvement in technology with the provision of cheap and high-quality medical solutions aimed at achieving lab automation are some factors contributing to the growth of the PoC lipid test market.

Further key findings from the report suggest: 

  • Alere Cholestech LDx market was estimated at over 6,400 units in 2014 and is expected to reach over 11,000 units by 2022, growing at a CAGR of 7.8% over the forecast period. The analyzer is included in the CLIA waived test list and is certified by the Cholesterol Reference Method Laboratory Method Network (CRMLN) program and Lipid Standardization Program (LSP)
  • Global launch of Roche Cobas b 101 at the end of 2013 excluding the U.S. region and the introduction of Samsung LABGEO PT10 in the Indian market are expected to drive the point of care Lipid Test market at a lucrative rate over the next six years
  • Consumables Piccolo Express by Abaxis market was valued over 1,000 thousand units in 2014 owing to the presence of CLIA-waived capillary or venous lipid and liver panel used for monitoring statin medications results. Abaxis is the only company, which provides a venous or capillary or CLIA waived Lipid and Liver panel.
  • Hyperlipidemia is the largest application area for PoC Lipid Test industry with revenue of over USD 55 million in 2014. Whereas, hypertriglyceridemia is the fastest growing application area with the expected growth rate of 5.6% during the forecast period due to increasing incidences of hypertriglyceridemia and the introduction of technologically advanced products such as CardioChek PA by PTS Diagnostics.
  • Europe constituted the largest share of over 35% in 2014 of the total market. Presence of favorable regulations and initiatives pertaining to the development of healthcare infrastructure, and also high disease prevalence levels in the region are the major factors responsible for its growth
  • Asia Pacific accounted for over 19% share in 2014 of the total market. However, the market share of this region is estimated to increase at a CAGR of 5.8% by 2022 due to increasing demand for rapid diagnostic testing in developing countries such as India and China.
  • Some key players of this market include Abaxis Inc., Roche Diagnostics, Alere Inc., Polymer Technology Systems (PTS Diagnostics), and Samsung Electronics Corporation. Alere with its product portfolio including Alere Cholestech LDx and Alere Afinion AS100 Analyzer was the leader in the POC lipid testing market with a share of over 22% in 2014.

Grand View Research has segmented the global PoC lipid test market on the basis of instrument, consumables, application, and region:

  • Global PoC Lipid Test Instrument Outlook (Revenue, USD Million, Volume, Units 2015 - 2022) 
    • Roche Reflotron
    • Roche Cobas b 101
    • Abaxis Piccolo
    • Alere Cholestech LDX
    • Alere Afinion
    • Samsung LABGEO
    • PTS Cardiochek
  • Global PoC Lipid Test Consumables Outlook (Revenue, USD Million, Volume, Units 2015 - 2022) 
    • Roche Reflotron
    • Roche Cobas b 101
    • Abaxis Piccolo
    • Alere Cholestech LDX
    • Alere Afinion
    • PTS Cardiochek
    • Samsung LABGEO
  • Global PoC Lipid Test Application Outlook (Revenue, USD Million, 2015 - 2022) 
    • Hyperlipidemia
    • Hypertriglyceridemia
    • Familial Hypercholesterolemia
    • Hyperlipoproteinemia
    • Tangier disease
    • Others
  • PoC Lipid Test Market Regional Outlook (Revenue, USD Million, Volume, Units 2015 - 2022) 
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
    • Asia Pacific
      • Japan
      • China
      • Australia
    • Latin America
      • Brazil
    • Middle East and Africa (MEA)
      • South Africa

Browse related reports by Grand View Research: 

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Grand View Research, Inc
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Email: sales@grandviewresearch.com

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SOURCE Grand View Research, Inc