Vancouver, BC -- (SBWIRE) -- 04/09/2021 -- The global Point of Care Testing Market is expected to reach USD 57.08 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing government initiatives and support, such as favorable policies and regulations regarding the adoption of Point of Care (POC) testing product. Besides, the emergence of next-gen POC testing devices such as smartphone based devices and cost-effective wearable glucose meters are also contributing to the growing sales of the market.  Increasing research and development for the production of technologically advanced, cost-effective, and user-friendly product is augmenting the demand for the industry.

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Furthermore, the report provides a comprehensive analysis of the impact of the COVID-19 crisis on the market. It offers detailed insights into the impact of COVID-19 on the industry at a regional level and industry level. The report also covers the developments and government regulations related to COVID-19. The report further analyzes the current and future impact of COVID-19 on the global market and provides an insight into the post-COVID-19 situation.

Key Highlights From The Report

The Glucose Monitoring Products segment dominated the market with a share of 28.5% in 2019 due to the growing occurrence of diabetes and an increase in the number of glucose monitoring products. Also, the increasing prevalence of cancer globally contributes to the growth of the Tumor/Cancer Marker Testing Product.

The Home care Settings is expected to register the highest CAGR of 10.9% over the forecast period as the patients prefer home care settings.

Asia-Pacific is expected to register the highest CAGR over the forecast period due to the increasing prevalence of infectious diseases and diabetes.

Key participants include Abbott Laboratories, Chembio Diagnostics, Siemens, Roche Diagnostics, Danaher Corporation, Johnson & Johnson, Qiagen, Becton, Dickinson and Company, Nova Biomedical, and Quidel Corporation, among others.

The report projects the market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.

To identify the key trends in the industry, click on the link below: https://www.emergenresearch.com/industry-report/point-of-care-testing-market

Emergen Research has segmented the global Point of Care Testing Market on the basis of Product, End-User, Mode of Purchase, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)
Infectious Disease Testing Products
Glucose Monitoring Products
Pregnancy and fertility Testing Products
Cardio-metabolic Monitoring Products
Hematology Testing Products
Cholesterol Testing Products
Tumor/Cancer Marker Testing Products
Others

End-User Outlook (Revenue, USD Billion; 2017-2027)
Clinical Laboratories
Home care Settings
Hospitals
Others

Mode of Purchase Outlook (Revenue, USD Billion; 2017-2027)
Over-the-counter (OTC) Products
Prescription Based Products

Objectives of the Report:

Study of the global Point of Care Testing market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Point of Care Testing market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Point of Care Testing market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Point of Care Testing market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Point of Care Testing Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

TOC

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Point of Care Testing Market Segmentation & Impact Analysis

    4.1. Point of Care Testing Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing Prevalence of Infectious Disease in developing Countries

                    4.2.2.2. Rise in geriatric population

                    4.2.2.3. Increasing R&D for the development of new technologies

                    4.2.2.4. Scarcity of Skilled Laboratory Technicians

                    4.2.2.5. Increasing Government support and initiatives

          4.2.3. Market restraints analysis

                    4.2.3.1. Stringent Regulatory Policies

                    4.2.3.2. Product Recalls by key players

                    4.2.3.3. Present challenging economic conditions due to the pandemic

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

CONTINUED…!

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