The global point of care test market has shown tremendous growth over the past few years and projections are that the market will continue to grow at a rapid pace over the forecasted period (2020-2024) as well.
The aging population and rising prevalence of infectious & chronic diseases are the major factors contributing to the growth of the market.
Moreover, a rising diabetic population, expanding healthcare costs and the cost-effectiveness of point of care testing are set to further augment market growth.
However, the market faces some challenges which are restraining growth.
Some of the major challenges faced by the industry are the difficulty in the management of POC testing, quality concern issues associated with POCT devices and testing performed by non-laboratory personnel.
The market growth would be further supported by various market trends like advancement in technology, an increase in home-based POC usage and the advent of decentralized laboratory testing.
This report provides a detailed analysis of the global point of care test market with a description of market sizing and growth.
The analysis includes the market by value, by product, by technology, by prescription, by region, and by disease.
Furthermore, the report also provides detailed product, technology, prescription and regional analysis.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry.
Growth of the overall global point of care test market has also been forecasted for the years 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global point of care test market is consolidated as the majority of market share is captured by the top ten players of the market.
Some of the key players operating in the global point of care test market, whose company profiling has been done in the report are Roche, Danaher Corporation, Abbott Diagnostics, and Siemens AG.
This segment of the report provides a business overview, financial overview and business strategies of the respective companies.
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