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Global Point of Care (POC) Diagnostics Market 2019-2023

Global Point of Care (POC) Diagnostics Market 2019-2023

About this market

The growing geriatric population will drive the point of care (POC) diagnostics market growth in the forthcoming years. As the immune system deteriorates with age, the prevalence of diseases such as lung disease, cancer, and stroke are high among the aging population. Due to their low immunity and metabolism, the elderly requires diagnostic testing regularly. This will lead to an increase in the demand for POC diagnostic devices, as these devices assists in disease diagnosis and help the doctor choose the appropriate treatment option. As a result, the rising aging population will drive the point of care (POC) diagnostics market growth during the forecast period. Technavio’s analysts have predicted that the point of care (POC) diagnostics market will register a CAGR of nearly 10% by 2023.

Market Overview

Increased focus on personalized medicine

One of the growth drivers of the global point of care (POC) diagnostics market is the increased focus on personalized medicine. The demand for personalized medicine is growing owing to the development of genome technology, whole genome technology, and companion diagnostics, which will increase the demand for diagnostic devices to diagnose diseases and perform treatment according to an individual's diagnostic response.

Stringent regulations

One of the challenges in the growth of the global point of care (POC) diagnostics market is the stringent regulations. Stringent government regulations in different countries affect the development and demand for devices such as POC diagnostics.

For the detailed list of factors that will drive and challenge the growth of the point of care (POC) diagnostics market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Several hospitals and clinics are switching from conventional testing methods to POC testing due to their improved efficiency and faster turnaround times. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report – Global Point of Care (POC) Diagnostics Market 2019-2023

Technavio recognizes the following companies as the key players in the global point of care (POC) diagnostics market: Abbott, Danaher, F. Hoffmann-La Roche Ltd, Siemens Healthineers AG, and Sinocare Inc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the technological advances in diagnostics.”

According to the report, one of the major drivers for this market is the increased focus on personalized medicine.

Further, the report states that one of the major factors hindering the growth of this market is the limited access to POC diagnostics in developing nations.

Companies Mentioned

Abbott

Danaher

F. Hoffmann-La Roche Ltd

Siemens Healthineers AG

Sinocare Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare market
      • Table Segments of global healthcare market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Hematology diagnostics - Market size and forecast 2018- 2023
      • Table Hematology diagnostics - Market size and forecast 2018-2023 ($ millions)
      • Table Hematology diagnostics - Year-over-year growth 2019-2023 (%)
    • Infectious disease diagnostics - Market size and forecast 2018-2023
      • Table Infectious disease diagnostics - Market size and forecast 2018-2023 ($ millions)
      • Table Infectious disease diagnostics - Year-over-year growth 2019-2023 (%)
    • Rapid cardiovascular diagnostics - Market size and forecast 2018-2023
      • Table Rapid cardiovascular diagnostics - Market size and forecast 2018-2023 ($ millions)
      • Table Rapid cardiovascular diagnostics - Year-over-year growth 2019-2023 (%)
    • Rapid coagulation diagnostics - Market size and forecast 2018-2023
      • Table Rapid coagulation diagnostics - Market size and forecast 2018-2023 ($ millions)
      • Table Rapid coagulation diagnostics - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Hospitals and clinics
    • Homecare settings
    • Clinical diagnostic laboratories
      • Table Market segmentation by end-user 2018
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Factors contributing to infections among aging population
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott
      • Table Abbott - Vendor overview
      • Table Abbott - Business segments
      • Table Abbott - Organizational developments
      • Table Abbott - Geographic focus
      • Table Abbott - Segment focus
      • Table Abbott - Key offerings
    • Danaher
      • Table Danaher - Vendor overview
      • Table Danaher - Business segments
      • Table Danaher - Organizational developments
      • Table Danaher - Geographic focus
      • Table Danaher - Segment focus
      • Table Danaher - Key offerings
    • F. Hoffmann-La Roche Ltd
      • Table F. Hoffmann-La Roche Ltd - Vendor overview
      • Table F. Hoffmann-La Roche Ltd - Business segments
      • Table F. Hoffmann-La Roche Ltd - Organizational developments
      • Table F. Hoffmann-La Roche Ltd - Geographic focus
      • Table F. Hoffmann-La Roche Ltd - Segment focus
      • Table F. Hoffmann-La Roche Ltd - Key offerings
    • Siemens Healthineers AG
      • Table Siemens Healthineers AG - Vendor overview
      • Table Siemens Healthineers AG - Business segments
      • Table Siemens Healthineers AG - Organizational developments
      • Table Siemens Healthineers AG - Geographic focus
      • Table Siemens Healthineers AG - Segment focus
      • Table Siemens Healthineers AG - Key offerings
    • Sinocare Inc.
      • Table Sinocare Inc. - Vendor overview
      • Table Sinocare Inc. - Business segments
      • Table Sinocare Inc. - Organizational developments
      • Table Sinocare Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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