POCT Market Outlook (2016 - 2024)

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Report Code HC 1005
2016-2024
Global Point of Care Testing (POCT) Devices
Market Outlook 2024 Global Opportunity Growth
Analysis, 2016-2024
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Executive Summary
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Global Point of Care Testing (POCT) Devices
Market Share(), By Region-2016-2024
Global Point of Care Testing (POCT) Devices
Market Size USD (Billion). 2016-2024
Source Goldstein Research
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In 2016, Diagnostic Laboratories accounted for
the highest market share XX in Point of Care
Testing Devices Market
With XX share in 2016, North-America region
dominated the Global Point of Care Testing
(POCT) devices market
Global Point of Care Testing Devices Market
Share(), By Area of Use-2016
Global Point of Care Testing Devices Market
Share(), By System Type-2016
Global Point of Care Testing Devices Market
Share(), By End-Users-2016
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Growing IT Healthcare
Rising inpatients
Rising Diagnostic Laboratories
Rise in diabetic population
Advancement in medical devices
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Major Players Presence-Regional Analysis
Major Players/ Industries North America APAC Europe Latin America Middle East Africa ROW
Abbott
Medtronic
Siemens
Roche
Alere
bioMerieux
Quidel
Sysmex
Low Penetration
High Penetration
Medium Penetration
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Global Point of Care Testing (POCT) Devices
Market Size (USD Billion) Growth Analysis
Global Point of Care Testing (POCT) Devices
Market Size (USD Billion)-2016-2024
Global Point of Care Testing (POCT) Devices
Market Y-O-Y Growth () Analysis-2016-2024
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Global Point of Care Testing (POCT) Devices
Sales (Million Units), By Region-2016-2024
Region/Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR ()
North America XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX
Europe XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX
Asia-Pacific XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX
Latin America XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX
Middle East Africa XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX
Total Sales XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX
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Global Point of Care Testing (POCT) Devices
Market Overview, By Region and Market Players-2016
Global Medical Device Market Share (), By
Country, 2016
Global Medical Device Market Share (), By
Players, 2016
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Growth Drivers

• Growing technological advancements in medical
  devices
• Factors such as compact and accurate diagnosis
  medical devices, high end and energy efficient
  connected healthcare devices for treatment
  applications and rising spending on research and
  development activities to manufacture
  cost-effective and efficient medical devices is
  expected to accelerate the growth of POCT devices
  market
• On the other hand, increasing consumer awareness
  towards treatment of multiple disorders and
  increasing spending on healthcare on account of
  favorable reimbursement policies is expected to
  push the hospitals and clinics to adopt POCT
  devices to provide better diagnosis and treatment
  facilities to the patients
• Moreover, the growing demand for app based
  services in developing nations on the basis of
  factors such as changing lifestyle of the
  population, internet penetration and rising
  personal disposable income in developing nations
  further boost the demand for POCT systems

Medtronic Healthcare invested USD 1,640 Million
for the design manufacturing of medical devices
with advanced latest technology For better
services, Philips Healthcare collaborated with
Rostock University to improve the healthcare
technology through innovation Adaptation of New
technologies in many nations like U.S. ,adapted
new technology of diagnostics designed by MedX
to provide better services

• Impact Analysis-
• Advanced researches and huge investments in RD
  sector leads to design manufacture new
  technology medical devices which further expected
  to fuel the growth of POCT systems market
  globally.
• Advanced technology medical device help the
  healthcare industry to obtain precise data for
  treatment which is further sufficient to provide
  better cure prevention. These factors expected
  to exhibit a positive growth in POCT systems
  market in near future.

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POCT Systems Market Opportunities
Given the high incidence of cancer and chronic
diseases like chronic myocardial infarction (CMI)
and diabetes that require continuous monitoring,
demand for POCT will steadily increase in APAC
and African countries. However, stakeholders must
stay abreast of market challenges as well as new
avenues for growth that capitalize on emerging
technological building blocks such as lab on chip
and IT enhancements including middleware
connectivity
In future, POCT devices will move towards compact
designs, packing in further technology and
networking features to use platforms such as
mobile devices for enabling faster access to
patient access to patient information and
immediate care delivery
Connected health strategies accelerate demand for
POCT informatics favoring companies ranging from
OEMs to data integrators and technology vendors
For entering into the market, small players are
partnering up with domestic or multinational
players to expand their footprints in growing
economies
With more and more physicians now being exposed
to western medical practices, high importance has
been given to cancer tumor marker tests which is
leading to strong growth in the markets
POCT companies will have to employ a diverse set
of digital strategies and connectivity solutions
to grow. Also, Innovation will also energize
saturated segments like glucose monitors that
face huge price pressure from low-cost
manufacturers
Despite diversity there is a scope of regulatory
and reimbursement environment in healthcare
sector in regions like APAC and Africa.
Despite its several advantages over conventional
methods, POCT is yet to be fully accepted in
India due to the issue of affordability faced by
several individuals
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Impact Analysis () of Connectivity Technologies
on Global Connected Healthcare Market (Major
Impact on POCT Market Growth)

• Drivers of Wi-Fi Technology
• Provides secure connection with software defined
  networking by scanning and securing the devices
  at network entry point
• Moreover, GNSS/Location technology is also one
  of the technology which hugely impacts the market
  of connected healthcare by rising the adoption
  rate of smart healthcare devices.
• Cellular technology is expected to impact the
  global connected healthcare market by XX by the
  end of the forecast period i.e. 2016-2024. The
  increasing number of cellular connections along
  with smart phone users across the globe are the
  two major factors which creates the connected
  healthcare ecosystem
• Most of the healthcare facilities are connected
  through the personal wi-fi for the better
  operation of various departments simultaneously
  in order to carry out the variety of operations.

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Global Point of Care Testing Devices Market
Share (), By System Type, 2016-2024
Global Point of Care Testing Devices Market
Share (), By System Type, 2016-2024
2024
2016
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Global Point of Care Testing Devices Market
Volume (Million Units) on the Basis of Tests,
2016-2024
Tests 2016 2017 2018 2019 2020 2021 2022 2023 2024
Blood Glucose XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Cardiac Marker XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Cholesterol XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Infectious Diseases XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Urinalysis XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Drug Abuse XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Fertility Pregnancy XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Tumor Marker XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX
Source Goldstein Research
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Global Blood Glucose Testing Devices Market
(Billions USD), 2016-2024
Global Blood Glucose Monitoring System Market
Revenue (USD Billions), 2016-2024
Global Blood Glucose Monitoring System Average
Selling Price (USD)
Source Goldstein Research
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Medical Device Excise Tax Payment of Industry
Leaders, 2015
Company Payment
Johnson Johnson xxx Million
Boston Scientific xx Million
Covidien xx Million
Smith Nephew xx Million
Hill-Rom xxx Million
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Global Point of Care Testing (POCT) Market Size
(USD Billion) CAGR (), By End-User-2015-2024
End-user Segment/Year 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR()
Hospitals XX XX XX XX XX XX XX XX XX XX XX
Clinics XX XX XX XX XX XX XX XX XX XX XX
Diagnostic Labs XX XX XX XX XX XX XX XX XX XX XX
Home Care Settings XX XX XX XX XX XX XX XX XX XX XX
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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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