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Global Point of Care Diagnostics Market - Segmented by Product, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Point of Care Diagnostics Market - Segmented by Product, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The Point Of Care Diagnostics Market is expected to witness a CAGR of 9.8% during the forecast period. North America accounts for the largest share of the market in 2017.

Increasing Number of Regulatory Approvals for Novel Immunoassay Techniques

Many of the new diagnostic tests and immunoassays have received the regulatory approvals, which has it made easier to conduct bedside testing or home healthcare diagnostic tests. Elecsys® HBeAg Immunoassay has been approved by the FDA, which is used to detect human Hepatitis B antigen associated with the Hepatitis B virus infection. The anti-Hepatitis C Virus Infection immunoassay test by Roche Diagnostics is one more novel product that has been approved by the FDA, in recent years. Multiple kinds of Lateral Flow Immunoassays (LFIA) are also gaining popularity, which makes it easier as well as quicker for POC testing providers to diagnose the disease. All these tests have gained popularity in a short span of time, which is leading to the growth of the market globally.

The other factors responsible for the growth of the market include, rising prevalence of chronic and infectious diseases in developing economies, private investments, and venture capital activities supporting R&D of novel products.

Product Recalls by Major Players Demotivates the New Entrants

Many of the manufacturers have been receiving complaints related to the diagnostic tests approved by the FDA, for the point of care testing. Many of the blood testing devices are also being checked by the FDA for the safety. Some of the devices show false readings, which cause severe life threatening injuries. Generally, recalling the product after it has been well placed in the market, involves high logistics costs, that cause the decline of the company profit and brand value. This ultimately affects the business and is considered a major restrain for the point of care diagnostics market.

The stringent regulatory policies and reimbursement-cuts causing pricing pressure, are also considered as restraining factors for the growth of the market.

North America Dominates the Market

The global point of care diagnostics market has been dominated by North America region, with approximately more than 42% market share of the total market in 2016. North America is growing in the point of care diagnostics market, usually due to the increasing prevalence of the diseases and favorable government regulations and initiatives, taken for the development of healthcare infrastructure. The Asia-Pacific region is also anticipated to show promising growth in the future.

Key Developments in the Market

  • June 2017: Roche launches new mobile application for tablets to further improve the performance for point-of-care (POC) coordinators.
Major Players: ABBOTT, BECKMAN COULTER INC., BECTON, DICKINSON AND COMPANY, INSTRUMENTATION LABORATORY, JOHNSON & JOHNSON, NOVA BIOMEDICAL, QIAGEN, ROCHE DIAGNOSTICS LIMITED, AND SIEMENS AG, amongst others.

Reasons to Purchase the Report
  • Current and future point of care diagnostics market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet ((in Excel).
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry Within the Industry
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Rising Prevalence of Chronic & Infectious Diseases in developing economies
6.1.2 Increasing Number of Regulatory Approvals for Novel Immunoassay Techniques
6.1.3 Private Investments and Venture Capital Activities supporting R&D of Novel Products
6.2 Market Restraints
6.2.1 Product Recalls by Major Players Demotivate New Entrants
6.2.2 Stringent Regulatory Policies are Increasing Gestation Period for Product Launches
6.2.3 Reimbursement Cuts Causing Pricing Pressure
6.3 Opportunities
6.4 Key challenges
7. Market Segmentation
7.1 By Product
7.1.1 Glucose Monitoring Kits
7.1.2 Cardio-metabolic Monitoring Kits
7.1.3 Pregnancy and Fertility Testing Kits
7.1.4 Infectious Disease Testing Kits
7.1.5 Cholesterol Test Strips
7.1.6 Hematology Testing Kits
7.1.7 Others
7.2 By End User
7.2.1 Hospitals/Critical Care Settings
7.2.2 Outpatient Healthcare Settings
7.2.3 Ambulatory Care Settings
7.2.4 Research Laboratories
7.2.5 Home Care
7.2.6 Others
7.3 By Geography
7.3.1 North America
7.3.1.1 United States
7.3.1.2 Canada
7.3.1.3 Mexico
7.3.2 Europe
7.3.2.1 France
7.3.2.2 Germany
7.3.2.3 United Kingdom
7.3.2.4 Italy
7.3.2.5 Spain
7.3.2.6 Rest of Europe
7.3.3 Asia-pacific
7.3.3.1 China
7.3.3.2 Japan
7.3.3.3 India
7.3.3.4 Australia & New Zealand
7.3.3.5 South Korea
7.3.3.6 Rest of Asia-Pacific
7.3.4 Middle east & Africa
7.3.4.1 GCC
7.3.4.2 South Africa
7.3.4.3 Rest of the Middle East & Africa
7.3.5 South America
7.3.5.1 Brazil
7.3.5.2 Argentina
7.3.5.3 Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Abbott
9.2 Siemens AG
9.3 Beckman Coulter Inc.
9.4 Becton, Dickinson and Company
9.5 Instrumentation Laboratory
9.6 Johnson & Johnson
9.7 Nova Biomedical
9.8 Qiagen
9.9 F. Hoffmann-La Roche Ltd
9.10 List Not Exhaustive
10. Future of the Market

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