The North America point of care diagnostics market is anticipated to reach USD 8.95 billion by 2024, according to a new report by Grand View Research, Inc. Incorporation of advanced information technology solutions coupled with the launch of innovative POC products with automation and ease of use is projected to influence market progression during the forecast period.
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North America Point Of Care (PoC) Diagnostics Market Analysis By Product
1. North America Point Of Care (PoC) Diagnostics
Market Analysis By Product (Glucose Testing,
Hb1ac Testing, Coagulation, Fertility, Cardiac
Markers, Infectious Diseases, Primary Acre
Systems, Hematology, Decentralized Clinical
Chemistry, Feces, Blood Gas Electrolytes,
Ambulatory Chemistry, Urinalysis, Drug Abuse
Testing, HIV, Clostridium Difficile, HBV,
Pneumonia Or Streptococcus Associated
Infections, Respiratory Syncytial Virus (RSV)) By
End-Use And Segment Forecasts To 2024
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2. ABSTRACT
The North America point of care diagnostics market is anticipated to reach USD 8.95 billion by
2024, according to a new report by Grand View Research, Inc. Incorporation of advanced
information technology solutions coupled with the launch of innovative POC products with
automation and ease of use is projected to influence market progression during the forecast
period.
Moreover, the rising adoption rate of the POC devices in order to obtain quick results for
immediate decision making for patient management is expected to provide the market with
lucrative growth avenues. Additionally, the regulatory initiatives introduced for patient care
management and rising prevalence of various diseases is attributive to boost demand for these
products in the coming years.
The presence of a favorable funding environment in the region is attributive to drive R&D in
academic organizations and universities thereby resulting to industrial progress through to 2024.
Further key findings from the report suggest:
Glucose testing accounted for the largest share of over 41% of the market in 2015 with respect to
revenue generation. Factors attributive for the estimated large share includes presence of
comprehensive product portfolio provided by the local as well as international market
participants. Moreover, rise in the prevalence of diabetes in chronic patients and need for
monitoring glucose levels is also supportive for revenue generation of this segment.
3. ABSTRACT
Cardiac markers are also anticipated to register substantial growth as a result of an increase in
incidence rate of cholesterol associated disorders and rise in the number of cases of congestive
heart failure.
Clinics dominated the POC diagnostic market in 2015 due to higher usage of these tests in clinics.
However, home settings for POC diagnostics are anticipated to witness the fastest growth owing
to rising usage of home health care settings for disease monitoring in the geriatric population.
Assisted living healthcare facilities are also anticipated to witness considerable growth during the
forecast period due to the property of rapid diagnostic products to enable simple usage at
primary care level and in remote settings even with no laboratory infrastructure
Prominent players of this industry include Qiagen N.V., Spectral Diagnostics, Abbott Laboratories,
Siemens Healthcare, Instrumentation Laboratory, Danaher Corporation, BioMerieux, Johnson &
Johnson, Abaxis Inc., Roche Diagnostics, Alere Inc., Nova Biomedical, Nipro Diagnostics, and
Trinity Biotech.
Strategies adopted by the market players include mergers and acquisitions with the smaller
entities operating in market for enhancement of the product portfolio. The participants are
involved introduction of new solutions, and collaborations with heath care institutions in order to
maintain their global presence.
4. Length Publisher Published Date
85Pages
Grand View
Research
August 9th,
2016
Table of Contents
1. Research Methodology & Scope
2. Executive Summary
3. Market Snapshot
4. Market Variables, Trends & Scope
5. Market Categorization 1: Product Estimates & Trend Analysis
6. Market Categorization 2: End-use Estimates & Trend Analysis
7. Market Categorization 3: Regional Estimates & Trend Analysis, by Product, & End-use
8. Competitive Landscape
Learn more about this report
5. ABOUT THE PUBLISHER
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, the company offers market intelligence studies
ensuring relevant and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy. With a deep-seated understanding of many
business environments, Grand View Research provides strategic objective insights. We
periodically update our market research studies to ensure our clients get the most recent,
relevant, and valuable information.
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