Market Data Forecast

Point of Care Diagnostics, Tests That Can Be Performed on-Site: Europe Market

Europe Point-of-care Diagnostics Market was worth $5.28 billion in 2016 and estimated to reach $8.39 billion by the end of 2021 with a CAGR of 9.72%.


Hyderabad, India -- (SBWIRE) -- 03/13/2018 -- Point-of-care (POC) diagnostics is outlined as medical diagnostic testing at the place of the incident or close to the point of care i.e. at the time and place of patient care. This contrasts with the historical pattern during which testing was entirely or principally confined to the medical laboratory, that entailed causation off specimens off from the point of care and then by waiting hours or days to find out the results, during which time care should continue without having the required data.

View sample and decide:

The Europe Point-of-care Diagnostics market is estimated to have a value of USD 5.28 billion in 2016. The market size is anticipated to grow rapidly with a CAGR of 9.72%, to reach a value of USD 8.39 billion by 2022. Apart from increased incidence of target diseases, factors such as growing government initiatives supporting the adoption of POC diagnostic products are driving the growth in this market.
This growth in this market can also be related to factors such as increasing number of patients and growing awareness about infectious disease POC testing products.

To know more read:

The biggest share by volume of the market is commandeered by the infectious disease testing products segment.
An augmented range of the geriatric population in these regions requiring quick testing of various health problem at home and this can be strengthening the demand for point-of-care systems. The escalating demand for diagnostic units for higher maternity well-being in numerous developing economies is likewise supporting the demand for POC testing in many regions.

As of now, Europe with its advanced cutting-edge technologies and advanced healthcare infrastructure and high awareness among individuals is expected to register a very high growth rate of Point-of-care Diagnostics market.

Get your customized report:

The major market contributors for the Europe Point-of-care Diagnostics market are Abbott Laboratories, Inc., Danaher Corporation, Roche Diagnostics Limited, BioMerieux, Siemens Healthcare, Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson, Alere Inc., and PTS Diagnostics.

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.

Contact Info:
Name: Mr. Abhishek Shukla
Organization: MarketDataForecastā„¢
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626