What is Point of Care Technology Market Scope?
PoC technology includes devices and systems that aid healthcare professionals in their daily tasks of monitoring, caring for, and documenting patients' health progress. The fact that PoC technology is available at the bedside is the most important aspect. POC technologies are used to improve interactions between patients and their nurses, doctors, surgeons, and other medical advisors, resulting in better healthcare outcomes.
The Point of Care Technology market study is being classified by Type (Glucose Testing, Cardiac Markers, Hb1ac Testing and Coagulation) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Point of Care Technology market throughout the predicted period.
Roche Diagnostics (Switzerland), Abbott Laboratories (United States), Siemens Healthineers (Germany), Becton, Dickinson and Company(United States), Johnson & Johnson (United States), Danaher Corporation (United States), Chembio Diagnostics (United States), Quidel Corporation(United States), EKF Diagnostics (United Kingdom) and Trinity Biotech (Ireland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AccuBioTech (China), Nova Biomedical (United States), PTS Diagnostics (United States), Instrumentation Laboratory Company (United States) and Sekisui Diagnostics (United States)..
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Point of Care Technology market by Type, Application and Region.
On the basis of geography, the market of Point of Care Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
Tulip Diagnostics to Acquire Biosense Technologies in India in November 2019 - Extends Capabilities in Point-of-Care Diagnostics Tulip is one of the country's largest domestic providers of in-vitro diagnostic reagents, kits, and instruments, with a diverse customer base that includes diagnostic laboratories, government and private healthcare facilities, and pharmaceutical companies.
Abbott, a company based in the United States, launched the ID NOW platforms in March 2020. The United States Food and Drug Administration (FDA) has granted an Emergency Use Authorization (EUA) for the fastest available molecular point-of-care test for the detection of novel coronavirus (COVID-19), which provides positive results in as little as five minutes and negative results in 13 minutes.
Influencing Market Trend
- This review summarizes current and emerging trends in POCT, including technologies approved or cleared by the Food and Drug Administration or in development
Market Drivers
- Pricing pressure owing to reimbursement cuts and budget constraints
- Stringent regulatory policies
Opportunities
- POC is increasingly important to population health, chronic disease, and to prevent acute admissions and readmissions
- Increasing provider awareness about novel technologies
Restraints
- Pricing pressure owing to reimbursement cuts and budget constraints
- Stringent regulatory policies
Challenges
- Premium pricing of novel platforms
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Point of Care Technology Provider, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.