(Health-NewsWire.Net, February 05, 2016 ) Based on product, the glucose monitoring kits segment is the largest contributor to the global point-of-care diagnostics market, due to increasing prevalence of lifestyle associated diseases, such as diabetes; whereas, the cardiac markers and infectious diseases segments are expected to grow at the fastest rate in the coming years.
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The massive unexplored point-of-care diagnostics market in the emerging economies is creating ample opportunities for the growth of the global point-of-care diagnostics market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand of point-of-care devices, with better and cost effective point-of-care diagnostics, thus fuelling the growth of the global point-of-care diagnostics market.
Some of the factors driving the growth of the global point-of-care diagnostics market are increasing prevalence of infectious diseases, increasing prevalence of hospital acquired diseases, growing government support to increase adoption of point-of-care devices, increasing usage of home based point-of-care devices, growing geriatric population, and increasing government support to increase adoption of point-of-care devices.
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Geographically, North America leads the global point-of-care diagnostics market, due to increasing lifestyle associated disease and increasing usage of point-of-care devices. Asia-Pacific is the fastest growing region in the global point-of-care diagnostics market, which is driven by growing healthcare expenditure, large pool of patients, increasing government initiatives and support. Moreover, the Asia-Pacific point-of-care diagnostics market is growing rapidly, due to growing research and development activities, and increasing funding towards development of point-of-care diagnostic products in the emerging economies, such as India and China.
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The key players operating in the global point-of-care diagnostics market are Abbott Laboratories Inc., Siemens Healthcare, F Hoffmann La-Roche, Nipro Diagnostics Inc., Johnson & Johnson, Abaxis Inc., Alere Inc., Becton, Dickinson and Company, Beckman Coulter Inc., and Bayer Healthcare.
GLOBAL POINT-OF-CARE DIAGNOSTICS MARKET SEGMENTATION Breakdown by Product Glucose Monitoring Kit Cardiac Marker Infectious Disease Testing Kit Coagulation Monitoring Kits Pregnancy and Fertility Testing Kits Hematology Testing Kits Cholesterol Test Strips Blood Gas/ Electrolytes Kit Tumor/Cancer Marker Urinalysis Testing Kits Drug of Abuse Testing Kits Fecal Occult Testing Kits Food Pathogens Testing Kits Other Testing Kits Breakdown by Prescription Mode Prescription based Testing Kits OTC Testing Kits Breakdown by End-User Patient Professional Monitoring Kits Patient Self-Monitoring Kits Breakdown by Geography North America Europe Asia-Pacific Rest of the World
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