Point-of-Care Testing Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Point of care testing devices are also called besides testing. Point-of-care testing method permits physicians and medical staff to accurately achieve real-time, accurate, lab-quality diagnostic outcomes within minutes rather than hours like other testing methods. Point of care testing devices are used for medical testing at the time of patient care itself. The tests are performed by using portable, handheld and test kits devices. The main advantage of point of care testing devices is that it is very convenient, gives quicker results and can be used at emergency scenes.
MARKET DYNAMICS
The key market drivers for Point-of-Care Testing Devices Market Includes, various technological advancements on Point of care testing methods along with rising in demand of POCT in developed countries. Additionally, significant increase in prevalence of infectious diseases which need rapid testing is also fueling market growth. However, lack of awareness about POCT is expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Point-of-Care Testing Devices Market" is a specialized and in-depth study of the Medical Device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Point-of-Care Testing Devices market with detailed market segmentation by application and end user. The Point-of-Care Testing Devices Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Point-of-Care Testing Devices Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Point-of-Care Testing Devices Market is segmented on the basis of application and end user. On the basis of application the market is segmented as, blood glucose testing, infectious disease testing, cardiac markers testing, coagulation testing, fertility testing, tumor marker testing and others. And on the basis of end user the market is segmented as, hospitals, diagnostic centers and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Point-of-Care Testing Devices Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Point-of-Care Testing Devices Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Point-of-Care Testing Devices Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Point-of-Care Testing Devices Market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Point-of-Care Testing Devices Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Point-of-Care Testing Devices Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Point-of-Care Testing Devices Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Point-of-Care Testing Devices Market in these regions.
MARKET PLAYERS
The report covers key developments in the Point-of-Care Testing Devices Markets organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Point-of-Care Testing Devices Market are anticipated to have lucrative growth opportunities in the future with the rising demand for, Point-of-Care Testing Devices market in the global market. Below mentioned is the list of few companies engaged in the Point-of-Care Testing Devices Market.
The report also includes the profiles of key players in Point-of-Care Testing Devices Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- Danaher Corporation
- Abbott Laboratories
- F. Hoffmann-La Roche Ltd
- Alere
- Siemens AG
- Quidel Corporation
- BD
- Johnson and Johnson
- EKF Diagnostics
- Nova Biomedical
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Point-of-Care Testing Devices Market - By Application
1.3.2 Point-of-Care Testing Devices Market - By End Users
1.3.3 Point-of-Care Testing Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POINT-OF-CARE TESTING DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POINT-OF-CARE TESTING DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POINT-OF-CARE TESTING DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. POINT-OF-CARE TESTING DEVICES - GLOBAL MARKET OVERVIEW
6.2. POINT-OF-CARE TESTING DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POINT-OF-CARE TESTING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. BLOOD GLUCOSE TESTING
7.3.1. Overview
7.3.2. Blood glucose testing Market Forecast and Analysis
7.4. INFECTIOUS DISEASE TESTING
7.4.1. Overview
7.4.2. Infectious disease testing Market Forecast and Analysis
7.5. COAGULATION TESTING
7.5.1. Overview
7.5.2. Coagulation testing Market Forecast and Analysis
7.6. PREGNANCY AND FERTILITY TESTING
7.6.1. Overview
7.6.2. Pregnancy and fertility testing Market Forecast and Analysis
7.7. TUMOR MARKERS TESTING
7.7.1. Overview
7.7.2. Tumor markers testing Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. POINT-OF-CARE TESTING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. DIAGNOSTIC CENTERS
8.4.1. Overview
8.4.2. Diagnostic Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. POINT-OF-CARE TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Point-of-Care Testing Devices Market Overview
9.1.2 North America Point-of-Care Testing Devices Market Forecasts and Analysis
9.1.3 North America Point-of-Care Testing Devices Market Forecasts and Analysis - By Application
9.1.4 North America Point-of-Care Testing Devices Market Forecasts and Analysis - By End Users
9.1.5 North America Point-of-Care Testing Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Point-of-Care Testing Devices Market
9.1.5.1.1 United States Point-of-Care Testing Devices Market by Application
9.1.5.1.2 United States Point-of-Care Testing Devices Market by End Users
9.1.5.2 Canada Point-of-Care Testing Devices Market
9.1.5.2.1 Canada Point-of-Care Testing Devices Market by Application
9.1.5.2.2 Canada Point-of-Care Testing Devices Market by End Users
9.1.5.3 Mexico Point-of-Care Testing Devices Market
9.1.5.3.1 Mexico Point-of-Care Testing Devices Market by Application
9.1.5.3.2 Mexico Point-of-Care Testing Devices Market by End Users
9.2. EUROPE
9.2.1 Europe Point-of-Care Testing Devices Market Overview
9.2.2 Europe Point-of-Care Testing Devices Market Forecasts and Analysis
9.2.3 Europe Point-of-Care Testing Devices Market Forecasts and Analysis - By Application
9.2.4 Europe Point-of-Care Testing Devices Market Forecasts and Analysis - By End Users
9.2.5 Europe Point-of-Care Testing Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Point-of-Care Testing Devices Market
9.2.5.1.1 Germany Point-of-Care Testing Devices Market by Application
9.2.5.1.2 Germany Point-of-Care Testing Devices Market by End Users
9.2.5.2 France Point-of-Care Testing Devices Market
9.2.5.2.1 France Point-of-Care Testing Devices Market by Application
9.2.5.2.2 France Point-of-Care Testing Devices Market by End Users
9.2.5.3 Italy Point-of-Care Testing Devices Market
9.2.5.3.1 Italy Point-of-Care Testing Devices Market by Application
9.2.5.3.2 Italy Point-of-Care Testing Devices Market by End Users
9.2.5.4 Spain Point-of-Care Testing Devices Market
9.2.5.4.1 Spain Point-of-Care Testing Devices Market by Application
9.2.5.4.2 Spain Point-of-Care Testing Devices Market by End Users
9.2.5.5 United Kingdom Point-of-Care Testing Devices Market
9.2.5.5.1 United Kingdom Point-of-Care Testing Devices Market by Application
9.2.5.5.2 United Kingdom Point-of-Care Testing Devices Market by End Users
9.2.5.6 Rest of Europe Point-of-Care Testing Devices Market
9.2.5.6.1 Rest of Europe Point-of-Care Testing Devices Market by Application
9.2.5.6.2 Rest of Europe Point-of-Care Testing Devices Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Point-of-Care Testing Devices Market Overview
9.3.2 Asia-Pacific Point-of-Care Testing Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Point-of-Care Testing Devices Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Point-of-Care Testing Devices Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Point-of-Care Testing Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Point-of-Care Testing Devices Market
9.3.5.1.1 Australia Point-of-Care Testing Devices Market by Application
9.3.5.1.2 Australia Point-of-Care Testing Devices Market by End Users
9.3.5.2 China Point-of-Care Testing Devices Market
9.3.5.2.1 China Point-of-Care Testing Devices Market by Application
9.3.5.2.2 China Point-of-Care Testing Devices Market by End Users
9.3.5.3 India Point-of-Care Testing Devices Market
9.3.5.3.1 India Point-of-Care Testing Devices Market by Application
9.3.5.3.2 India Point-of-Care Testing Devices Market by End Users
9.3.5.4 Japan Point-of-Care Testing Devices Market
9.3.5.4.1 Japan Point-of-Care Testing Devices Market by Application
9.3.5.4.2 Japan Point-of-Care Testing Devices Market by End Users
9.3.5.5 South Korea Point-of-Care Testing Devices Market
9.3.5.5.1 South Korea Point-of-Care Testing Devices Market by Application
9.3.5.5.2 South Korea Point-of-Care Testing Devices Market by End Users
9.3.5.6 Rest of Asia-Pacific Point-of-Care Testing Devices Market
9.3.5.6.1 Rest of Asia-Pacific Point-of-Care Testing Devices Market by Application
9.3.5.6.2 Rest of Asia-Pacific Point-of-Care Testing Devices Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Point-of-Care Testing Devices Market Overview
9.4.2 Middle East and Africa Point-of-Care Testing Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Point-of-Care Testing Devices Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Point-of-Care Testing Devices Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Point-of-Care Testing Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Point-of-Care Testing Devices Market
9.4.5.1.1 South Africa Point-of-Care Testing Devices Market by Application
9.4.5.1.2 South Africa Point-of-Care Testing Devices Market by End Users
9.4.5.2 Saudi Arabia Point-of-Care Testing Devices Market
9.4.5.2.1 Saudi Arabia Point-of-Care Testing Devices Market by Application
9.4.5.2.2 Saudi Arabia Point-of-Care Testing Devices Market by End Users
9.4.5.3 U.A.E Point-of-Care Testing Devices Market
9.4.5.3.1 U.A.E Point-of-Care Testing Devices Market by Application
9.4.5.3.2 U.A.E Point-of-Care Testing Devices Market by End Users
9.4.5.4 Rest of Middle East and Africa Point-of-Care Testing Devices Market
9.4.5.4.1 Rest of Middle East and Africa Point-of-Care Testing Devices Market by Application
9.4.5.4.2 Rest of Middle East and Africa Point-of-Care Testing Devices Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Point-of-Care Testing Devices Market Overview
9.5.2 South and Central America Point-of-Care Testing Devices Market Forecasts and Analysis
9.5.3 South and Central America Point-of-Care Testing Devices Market Forecasts and Analysis - By Application
9.5.4 South and Central America Point-of-Care Testing Devices Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Point-of-Care Testing Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Point-of-Care Testing Devices Market
9.5.5.1.1 Brazil Point-of-Care Testing Devices Market by Application
9.5.5.1.2 Brazil Point-of-Care Testing Devices Market by End Users
9.5.5.2 Argentina Point-of-Care Testing Devices Market
9.5.5.2.1 Argentina Point-of-Care Testing Devices Market by Application
9.5.5.2.2 Argentina Point-of-Care Testing Devices Market by End Users
9.5.5.3 Rest of South and Central America Point-of-Care Testing Devices Market
9.5.5.3.1 Rest of South and Central America Point-of-Care Testing Devices Market by Application
9.5.5.3.2 Rest of South and Central America Point-of-Care Testing Devices Market by End Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POINT-OF-CARE TESTING DEVICES MARKET, KEY COMPANY PROFILES
11.1. ABBOTT LABORATORIES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HOFFMANN-LA ROCHE AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SIEMENS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DANAHER CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. QUIDEL CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JOHNSON AND JOHNSON
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. EKF DIAGNOSTICS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NOVA MEDICAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ALERE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Abbott Laboratories
2. Hoffmann-La Roche AG
3. Siemens AG
4. Danaher Corporation
5. BD
6. Quidel Corporation
7. Johnson and Johnson
8. EKF Diagnostics
9. Nova Medical
10. Alere
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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