Global Point-of-Care Testing Market to Reach USD 30 Bn by 2022, Projects RNCOS in Its New Report Available at MarketPublishers.com09 Aug 2017 • by Natalie Aster
LONDON – Nowadays, Point-of-care testing (POCT) is gaining popularity due to its enormous potential to enhance the global healthcare infrastructure and cut public and national expenditures on healthcare.
In the foreseeable future, the world’s POCT market is expected to enjoy rapid growth at high rates. By 2022, the POCT market is poised to amount to USD 30 billion.
The major market growth engine is the elevating adoption of POCT devices in the sphere of critical care settings for the delivery of decentralized and patient-centric healthcare to patients. Other important POCT market growth drivers comprise boosting awareness about POCT, considerable technological advancements and rising FDA approvals.
Yet, the market faces certain challenges like product recalls and shortage of regulatory guidelines, amid others.
As of 2016, the largest market share belonged to the glucose monitoring kits segment, majorly due to the escalating incidence of diabetes and technological advancements in self-monitoring of blood glucose. Regionally, North America captured the lion’s share of the total POCT market in 2016.
The global point-of-care testing (POCT) market is thoroughly examined in one of the RNCOS E-Services latest research reports, “Global Point of Care Testing Market, by Product (Glucometers, BGE Analyzers, Pregnancy Tests, Infectious Diseases, etc.), Outlook 2022”. This cutting-edge research report offers a profound analysis of the current and future possible environment in the world’s market for POCT. Besides, the report offers insights into the in vitro diagnostics (IDV) industry landscape. The report also provides granular market segmentation analysis based on product types and regions. Moreover, the report highlights the major market growth opportunities, trends, challenges and prospects; identifies the prominent market players and gives relevant info on their business and financial performance; highlights the market dynamics, focusing on the market growth drivers and restraints. The report offers an overview of effective market strategies, assesses the market growth potential and points out the most promising areas. Future forecasts for the market up till 2022 are available in the report.
Other in-demand research reports elaborated by our research partner, RNCOS E-Services, are available at its page at MarketPublishers.com.