PUNE, India, September 30, 2016 /PRNewswire/ -- According to a new market research report "Point-of-Care Diagnostics Market by Products (Glucose, Cardiometabolic Monitoring, & Infectious Disease Testing Kits, Cardiac & Tumor Markers), End Users (Home, Hospitals, Ambulatory Care), Over-the- Counter & Prescription Based - Global Forecast to 2021 ", published by MarketsandMarkets, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
Browse 94 market data Tables and 55 Figures spread through 221 Pages and in-depth TOC on "Point-of-Care Diagnostics Market"
http://www.marketsandmarkets.com/Market-Reports/point-of-care-diagnostic-market-106829185.html
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This report studies the global point-of-care diagnostics market over the forecast period of 2016 to 2021. The market is expected to reach USD 36.96 Billion by 2021, at CAGR of 9.8% from 2016 to 2021.
On the basis of product, the global point-of-care diagnostics market is divided into 12 major segments, namely, glucose monitoring kits, infectious diseases testing kits, cardiometabolic monitoring kits, coagulation monitoring kits, hematology testing kits, urinalysis testing kits, cholesterol test strips, drugs-of-abuse testing kits, tumor/cancer markers, pregnancy and fertility testing kits, fecal occult testing kits, and other products. Other products segment comprises of multi-assay testing kits and vitamin assay testing kits. The glucose monitoring kits segment is estimated to hold the largest share of the POC diagnostics market in 2016. Increasing number of POC glucose monitoring devices coupled with growing incidences and prevalence of diabetes across the globe are factors driving the growth of this market segment.
Based on mode of prescription, the global point-of-care diagnostics market is segmented as prescription based testing kits and over-the-counter (OTC) testing kits. The OTC testing kits are expected to witness higher growth in the market during the forecast period. The global point-of-care diagnostics market is also divided into four segments by type of end user-- professional diagnostics, research laboratories, home care, and other end-users.
Key factors such as prevalence of lifestyle and infectious diseases and the increasing inclination toward home healthcare across the globe are driving the growth of the point-of-care diagnostics market, globally. In addition, private investments and venture funding towards the development of new products along with the growing government support to increase the adoption of POC devices are boosting market growth. On the other hand, the reluctance among patients to change existing treatment practices is one of the key factors hampering the growth of the point-of-care diagnostics market.
