Point-of-Care Testing Market Size, Share, Growth, Trends, Applications, and Industry Strategies 2029

Point-of-Care Testing Market Overview:

The Point-of-Care Testing market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Point-of-Care Testing Market, as well as the reasons for variations in the industry's growth across a number of sectors.

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Market Scope:

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

Point-of-Care Testing Market (POC) size is projected to grow at a CAGR of 4.8% from 2017 to 2029, reaching 21.31 US$ Bn.

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, Hematology 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.

Key Players:

Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.

The biggest players in the Point-of-Care Testing market 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 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.

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COVID-19 Impact Analysis on Point-of-Care Testing Market:

End-user industries where Point-of-Care Testing are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Point-of-Care Testing manufacturers, affecting the Point-of-Care Testing market's growth in 2020. End-user business demand for Point-of-Care Testing has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.

Key Questions Answered in the Point-of-Care Testing Market Report are:

In 2021, which segment accounted for the most share of the Point-of-Care Testing market?
What is the competitive landscape of the Point-of-Care Testing market?
What are the key factors influencing Point-of-Care Testing market growth?
In the Point-of-Care Testing Market which region has the most market share?
What will be the CAGR of the Point-of-Care Testing market during the forecast period (2022-2027)?
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