Point of care infectious disease diagnostics market

Point-of-Care Infectious Disease Diagnostics Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

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Report Description Point of care infectious disease diagnostics market has grown manifold in last 20 years driving huge profits across value chains. The industry witnessed staggering growth in-between 2005 to 2010 before taking a major leap with adoption of mobile technology. Point-of-care testing or bed-side testing refers to those tests which are performed near the site of patient care. These tests can potentially improve the detection and management of infectious diseases by reducing the time between tests and results. These testing aids in the reduction of operating times, postoperative care time and high-dependency, thereby ensuring optimal use of professional time. Urine test strips and imaging tests such as portable ultrasound and ECG tests are some examples of point of care testing. Point-of-care testing for infectious diseases includes rapid, reliable and affordable tests for HIV infection, malaria, dengue fever, hepatitis, influenza and pneumonia. Point-of-testing for infectious diseases exhibit a massive opportunity for pharmacy services regarding expansion. Improvement in disease outcome, simple and accurate tests, and rapid disease outcome and results are few of the advantages of point-of-care testing.

Get Sample of This Research Report At: https://www.coherentmarketinsights.com/insight/requestsample/63 The billion dollar point of care infectious disease diagnostic market is expected to grow at a substantial rate over the forecast period.

Advancement in molecular diagnostics coupled with miniaturization of devices to drive the point of care infectious disease diagnostics market Advancement in technological molecular diagnostics has boosted point of care solutions. Furthermore, the industry is also expected to grow with changing lifestyle. Currently, over 60% of population uses mobile phone. As a result, whole healthcare system has changed wherein portable devices has taken a key place.

Furthermore, growing personalized medicine will create lucrative opportunity for point of care testing market.

Market Taxonomy: Coherent Market Insights has segmented the point of care infectious disease diagnostics products market by •

Therapeutic application

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End-users

Based on type of diseases, the point-of-care infectious disease diagnostics market can be segmented as follows: •

HIV/AIDS

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Typhoid

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Tuberculosis

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Pneumonia

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Malaria

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Influenza

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Hepatitis

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Cholera

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Others

Based on end-users, the point-of-care infectious disease diagnostics market can be segmented as follows: •

Hospitals

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Laboratories

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Clinics

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Home-setting

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Others

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North America is the leading market for point of care infectious disease diagnostics product Based on geography, the point-of-care infectious disease diagnostics market can be segmented into four major regions: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a leading position in the market followed by Europe. The prime factors which are responsible for the growth of point-of-care infectious disease diagnostics market in these regions are rapidly increasing prevalence of infectious diseases, and growing demand for rapid and accurate test results. According to the National Ambulatory Medical Care Survey, the number of visits to physician offices for infectious and parasitic diseases was recorded to be around 23.6 million in 2010. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period due to presence of a large population base. The factors which would accentuate the growth of point-of-care infectious disease diagnostics market in Asia Pacific are increased funding from the government towards the development of point-of-care diagnostic kits and rapidly changing healthcare infrastructure in emerging countries such as China, India, Vietnam, Malaysia, Indonesia, etc. In addition, reduction in the number of hospital bed required, reduction in the number of outpatient clinic visits, and lesser patient waiting times are few of the potential factors which would propel the growth of point-of-care infectious disease diagnostics market in Asia Pacific during the forecast period.

Abbott Laboratories, Roche Diagnostics Ltd are driving market expansion through high R&D spending along with direct distribution channel in emerging regions The point-of-care infectious disease diagnostics market is driven by technological advancements and hence, various companies are continuously making efforts to develop novel products pertaining to infectious disease diagnostics. Some of the top companies operating in the point-of-care infectious disease diagnostics market are Abbott Laboratories, Roche Diagnostics Ltd., Beckman Coulter, Inc., Bayer AG, Becton Dickinson and Company, Johnson and Johnson, Alere Inc., Nipro Diagnostics Inc., Nova Biomedical, Siemens AG, Trinity Biotech PLC, Danaher Corporation, Spectral Diagnostics, and others.

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