Point of Care Diagnostics Market Analysis And Segment Forecasts To 2020
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Point of Care Diagnostics Market Analysis And Segment Forecasts To 2020 The global market for point of care diagnostics is expected to reach USD 18.7 billion by 2020. Relatively lower turnaround times exhibited by point of care diagnostic tests and the introduction of technologically advanced products enabled with features such as automation and miniaturization, are two of the most significant growth drivers of this market. Moreover, cost effectiveness associated with these tests in terms of infrastructure and staff management coupled with growing global prevalence of diabetes and cardiovascular diseases and rising market penetration rates of point of care diagnostic products in emergency departments and ICUs are expected to drive market demand over the next six years. Browse the report: http://www.orbisresearch.com/reports/index/point-of-care-diagnostics-pocmarket-analysis-by-product-blood-gaselectrolytes-infectious-diseases-hospital-glucose-testingcardiac-markers-hematology-coagulation-primary-care-systems-decentralized-clinical-chemistryurinalysis-drug-abuse-testing-fertilit Growing number of decentralized diagnostic facilities is a significant trend observed in this market. Rise in prevalence of diseases with high unmet medical needs in terms of early diagnosis and treatment such as stroke, sepsis, hypercoagulation and diabetes and reimbursement policies supporting decentralized tests are some of the factors responsible for this market trend.
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Point of Care Diagnostics Market Analysis And Segment Forecasts To 2020 North America dominated the overall market in 2012 at over 35%. The presence of an encouraging reimbursement framework and the introduction of CLIA (Clinical Laboratory Improvement Amendments) waivers (e.g. waiver received by the HemoCue Albumin 201 System) for point of care test products by the U.S. FDA are some of the drivers of the North America market. Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/61466 The Asia Pacific point of care diagnostics market on the other hand will grow at the fastest rate during the forecast period owing to the presence of high unmet medical needs coupled with rising healthcare expenditures in emerging countries such as India and China. The global point of care diagnostics market is dominated by key players such as Roche Diagnostics, Abbott Laboratories, Beckman Coulter Inc., Siemens Healthcare, Danaher Corporation, Becton Dickinson and Company.
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