Current Business Affairs Global Point of Care (POC) Diagnostic Market 2018

Point of Care (POC) Diagnostic Market Analysis by Product, By End-User,
By Region &Segment Forecast, 2017 – 2025
Market Overview:
The global Point of Care (POC) Diagnostic market was estimated as USD 15.4 billion in 2015 and is anticipated to reach
USD 28.7 billion by 2025 growing with a CAGR of over 6% over the forecast period. Emerging technological
advancements in biosensors, smartphones, wearable devices and lab-on-a-chip are transforming the point of care
diagnostic market. The POC diagnostics industry has been expected to be a part of paradigm shift from curative
medicine to predictive, preemptive and personalized medicine.
POC diagnostic tests are either antibody-based or microbial particle-based, assisting in decreasing the interval between
diagnosis and treatment of a disease. Healthcare professionals collect the testing samples from the patient, analyze and
record the result. A POC diagnostic test embraces Enzyme-Linked Immunosorbent Assay (ELISA), lateral flow
immunochromatography, and agglutination tests. High prevalence of infectious diseases in emerging nations, increasing
preferences for home healthcare option, and rising incidences of target diseases across the globe are few factors gaining
the traction of POC diagnostic products globally.
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Furthermore, increasing chronic diseases, rapid upsurge in the aging population, and rising consumer awareness are also
positively influencing the POC diagnostic market. It has been expected that the number of cellphone users have passed
7.4 billion in emerging countries and the population in the countries is marred by various communicable/non-
communicable diseases. Henceforth, Point-of-Care Diagnostics has been predicted to be a revolutionary aid in treatment
procedures and projecting emerging countries to be a highly profitable market for POC Diagnostics.
Additionally, technological advancement, increased R&D expenditure on novel products, and rapid economic
development in the emerging nations owing to low penetration level of POC diagnostics are few other driving factors for
the growth. However, product recalls, unfavorable reimbursement scenario and stringent regulatory framework are
considered to be the major hurdles altering the POC diagnostics expansion.
Based on product segment, the POC diagnostic market has been bifurcated and the report displays the market share,
growth and revenue of each type:
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Glucose Monitoring.
Cardiometabolic Testing
Infectious Disease Testing
Coagulation Testing
Pregnancy & Fertility Testing
Tumor/Cancer Marker Testing
Urinalysis Testing
Cholesterol Testing
Cholesterol Testing