Global POCT Industry to Reach US$ 30 Billion by 2020

‘Revolutionizing impact of POCT technology on the diagnostics industry is expected to continue leading to a US$ 30 Billion market by 2020’, says RNCOS.


Noida, UP -- (SBWIRE) -- 05/28/2015 -- The POCT technology has had a revolutionizing impact on the IVD industry and now accounts for almost 1/3rd of the toal market. This popularity of POCT is expected to surge further in future owing to faster results, technological advancements, and improving physicians' demand for more efficient testing approaches, increased adoption of self-testing devices by patients, and availability of new biosensor technologies, and computer systems, resulting in a market worth US$ 30 Billion by 2020.

Research Analysis & Highlights

According to "Global Point-of-Care Diagnostics Market Outlook 2020", the global POCT industry is at a very crucial stage with POCT expanding itself into diverse disease areas, such as cancer and HIV diagnostics. Currently, the United States accounts for almost 45% of the total POCT market, followed by regions, such as Europe and Japan. At the same time countries such as Japan, China, India, Brazil and Mexico are expected to evolve as hotspots for development of POCT technology in the future.

The report provides a brief outlook of the IVD industry, covering major aspects, such as current market size, future growth and current and future geographical segmentation. It also talks about the major players of IVD industry and their respective contribution to the current market.

The report then moves on to the global POCT industry, its current market size and future forecasts. Markets for major application segments such as glucose testing, blood chemistry etc have also been discussed. Trends such as advanced microfluidics, lab-on-a-chip assays as well as portable technologies have been elaborated. At the end, major players of the industry have been highlighted and thorough profiling has been carried out to present POCT product portfolios, business segmentations, strengths and weakness, and recent developments of every player.

Some of the report's key highlights include:

- Role of Portable Ultrasounds in Providing Care at Site
- Growing Role of Microfluidics Technology in the POCT Industry

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.