Global Point of Care (POC) Equipment Market (2018-2025)-GMI Research Global Point of Care (POC) Equipment Market (2018- | Page 2

which were mostly confined to the medical laboratories in which specimens
were collected away from the point of care and results were delivered after few
hours or days depending on the testing type.
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The ability and power of POC diagnostic tests to give immediate results, thus,
providing improved patient care along with rising market penetration of PACS
(picture archiving and communication systems) and EMR (electronic medical
records) have accelerated the growth of POC devices. Alongside, with densely
populated regions, POC technology has also improved the patient reach for
diagnostic services in the remote and rural areas. This factor has significantly
impacted the market growth. In addition, the ease of use, is further expected to
propel the growth of global POC equipment market. Since, both the medical and
non-medical personnel with minimum training can use this equipment.
Various notable players operating in the global point of care (POC) equipment
market include Abbott Laboratories, Abaxis, Inc., Accriva Diagnostics,
AccuBioTech Co., Ltd., ACON Laboratories, Inc., Alere Inc., ARKRAY, Inc., Atlas
Genetics Ltd., Beckman Coulter, Dexcom, Inc and others. Several companies are
introducing innovative and advanced glucose monitoring devices; hence, this is
likely to increase the adoption of these devices among the end users.
The global point of care equipment market has been segmented into product
type, end user and key geographies. Based on product type, the market
comprises of POC diagnostics devices, POC diabetes devices, POC critical care
devices, POC endocrinology devices, POC infectious diseases devices, and other
POC devices. The end use application includes hospitals, homecare settings and
others.