Pointofcare Devices Market

Point-of-care Devices Market: - An Overview

Point-of-care devices are used for obtaining diagnostics results and these device give quick feedback on various medical test. Point-of-care devices are used at home, in emergency department, accident location, in radiology department and in infectious disease containment units. Point-of-care devices streamlines the diagnostics process and help to ensure patient receive the most effective and efficient care whenever needed and helps staff to make rapid treatment decision.

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Impact of COVID-19 Pandemic Outbreak on Point-of-care Devices Market

COVID-19 pandemic has prompted the demand for point-of-care devices. Due to increasing patient numbers and increasing health issues, people are adopting point-of-care devices for continuously monitoring and diagnosis of their health. Point-of-care device manufacturers are focusing on developing innovative technologies for maximum testing of COVID-19 within less time. Home based glucose monitoring devices are also gaining traction in the pandemic as there is increase in diabetes cases. Point-of-care devices provide efficient diagnostics at home without visiting the clinic. Hence, the point-of-care devices market is estimated to witness growth by 1.5X in 2020 and 2021 as well.

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Point-of-care Devices Market: - Market Dynamics

Increasing Various Infectious Diseases is Spurring the Market Growth

Increase in prevalence of various infectious and chronic disease such as cancer, cardiac diseases, respiratory, hepatitis, respiratory, and sexually transmitted diseases is major factor for driving the market growth. Furthermore, the demand for point-of-care devices is increasing as the lifestyle pattern also causes several severe medical conditions like hypertension, diabetes, obesity so the point-of-care devices are used for monitoring and diagnosis. Hence, the increase in incidences of various chronic and infectious diseases globally is expected to drive the growth of point-of-care devices market.

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Point-of-care Devices Market: - Segmentation

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Regional Analysis: Point-of-care Devices Market

North America dominated global point-of-care devices market in 2019 in terms of revenue, owing to the presence of key players in the region and increasing awareness among the people benefits of using point-of-care devices. South Asia & Pacific is estimated to be fastest growing market for point-of-care devices. The growth in the region is attributed due to prevalence of lifestyle diseases and increasing government investments for healthcare industry.

Point-of-care Devices Market: - Key Players

The key players in the Point-of-care Devices market are Abbott, Siemens, Danaher, Nova Biomedical, Johnson and Johnson among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Point-of-care Devices market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Point-of-care Devices market attractiveness as per segments. The report on Point-of-care Devices market also maps the qualitative impact of various factors on Point-of-care Devices market segments and geographies.

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
• East Asia (China, Japan, & South Korea)
• South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
• Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)

Point-of-care Devices Market- Report Highlights:

• A detailed overview of parent market of Point-of-care Devices market
• Changing Point-of-care Devices market dynamics in the industry
• In-depth segmentation of the Point-of-care Devices market
• Historical, current, and projected Point-of-care Devices market size by value
• Recent industry trends and developments in Point-of-care Devices market
• Competitive landscape of the Point-of-care Devices market
• Strategies for key players in Point-of-care Devices and solutions and services offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Point-of-care Devices market performance
• Must-have information for Point-of-care Devices market players to sustain and enhance their market footprint