Point-of-Care Testing Market (POC) Overview:
The Point-of-Care Testing Market (POC) analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Point-of-Care Testing Market (POC), as well as the causes for variances in the industry’s growth in different regions.
The Point-of-Care Testing Market (POC) size is expected to reach 21.31 US$ Bn in year 2029, at a CAGR of 4.8% during the forecast period.
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Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
The market for global point-of-care (POC) testing is divided into three categories: product type, end-user type, and geography. The care market is divided into the following categories based on the type of product sold: Glucose Monitoring, Cardiac Markers, Infectious Diseases Testing, Cholesterol Testing, Coagulation Monitoring, Pregnancy and Fertility Testing, Haematology Testing, Blood Gas Testing, and Others. Clinics, homes, laboratories, assisted living healthcare facilities, and hospitals are the segments by end-user. geographically into Latin America, the Middle East & Africa, Asia Pacific, North America, and Europe.
by Product
• Glucose Monitoring
• Cardiac Markers
• Infectious Diseases Testing
• Cholesterol Testing
• Coagulation Monitoring
• Pregnancy and Fertility Testing
• Hematology Testing
• Blood Gas Testing
• Others
by End User
• Clinics
• Home Care
• Laboratories
• Assisted living healthcare facilities
• Hospitals
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Point-of-Care Testing Market (POC) are as follows:
• Abbott
• Beckman Coulter Inc.
• Instrumentation Laboratory
• Johnson & Johnson
• Nova Biomedical
• Qiagen
• Roche Diagnostics Limited
• Siemens AG
• Abaxis, Inc.
• Abbott Laboratories
• Alfa Scientific Designs, Inc.
• ARKRAY, Inc.
• Ascencia Diabetes Care Holdings AG
• Becton Dickinson and Company
• bioMerieux SA
• CHEMBIO DIAGNOSTICS, INC.
• F. Hoffmann-La Roche AG
• LamdaGen Corporation
• Medtronic Public Limited Company
• Nova Biomedical
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Point-of-Care Testing Market (POC) analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on the Point-of-Care Testing Market (POC):
End-user industries where Point-of-Care Testing Market (POC) is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Point-of-Care Testing Market (POC) manufacturers, influencing the development of the Point-of-Care Testing Market (POC) in 2020. End-user business demand for Point-of-Care Testing Market (POC) has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Point-of-Care Testing Market (POC) Report are:
In 2021, which segment held the highest proportion of the Point-of-Care Testing Market (POC)?
What is the Point-of-Care Testing Market (POC)’s competitive landscape?
What are the primary drivers assisting the Point-of-Care Testing Market (POC) growth?
Which region has the most market share in the Point-of-Care Testing Market (POC)?
What will be the Point-of-Care Testing Market (POC)’s CAGR throughout the projected period?
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