Albany, NY -- (SBWIRE) -- 01/13/2016 -- Transparency Market Research's (TMR) market study on the global point of care diagnostics market provides valuable insights into the development of the said market from 2012 to 2018. The report, titled "Point of Care Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012–2018", provides a comprehensive analysis of how the market will chart development as newer trends and technological advancements unfold in this market.

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Point-of-care (PoC) diagnostics refer to diagnostic procedures and pathological tests that are carried out on-site. PoC diagnostics offer several advantages in comparison with conventional in-laboratory tests. Speed and convenience without compromising on test reliability are foremost. In particular, the speed factor is of paramount importance as speedier diagnostics help with faster patient management.

The other advantage of PoC diagnostics lies in reducing the need to carry out multiple diagnostics such as urine tests, blood tests etc.

Currently, the global PoC diagnostics market is at a relatively developed stage owing to the development of numerous products that are suitable for PoC testing. With the development of newer products underway, this market is bound for positive growth in the coming years.

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In the developing countries of the world, PoC diagnostics are suitable as an inexpensive alternative, which can be installed on-site, especially in regions that have a high incidence of infectious diseases. The usability of these diagnostics products also lies in offsetting the need for brick and mortar laboratory facilities in underdeveloped regions. The opportunity to offer services in these regions can convert into gainful returns for market players in the point-of-care diagnostics market.

However, the global point-of-care diagnostics market faces challenges that are impeding its growth. First and foremost, the effort to coordinate the diagnostic activities of medical practitioners, healthcare centers, and product manufacturers for the timely availability of PoC diagnostics products is the greatest deterrent to the market's growth.

The report examines the global PoC diagnostics market on the basis of technology, product type, and geography. Biosensors, electrodes, patent analysis, continuous testing, rapid HIV tests, and drug testing are the segments of the market by technology. The product type segments of the market are: pregnancy and fertility diagnosis systems, drug and alcohol analysis systems, cholesterol measurement systems, homeostasis measurement systems, blood glucose monitoring systems, blood chemistry and electrolyte systems, tumor markers, urine chemistry systems, and others.

North America is identified as the top regional market for point-of-care diagnostics, trailed by Europe. In the coming years, with improved healthcare infrastructure and higher acceptance of newer diagnostic methodologies, the APAC PoC diagnostics market will emerge as a significant market.

The report profiles leading companies such as Abbott Laboratories, Dickinson and Company, Nipro Diagnostics, Johnson & Johnson, Becton, Beckman Coulter Inc., and Siemens Medical Solutions.

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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