Global Point of Care (POC) Diagnostics Devices Market Estimated to
Worth USD 29.5 Billion by the end of 2021
The global point of care (POC) diagnostics devicesmarket is segmented into
product typesuch as infectious disease testing kits, pregnancy and fertility testing
kits, glucose monitoring testing kits, coagulation monitoring kits, hematology
testing kits, cardiac makers, cholesterol test strips, fecal occult testing kits, food
pathogens testing kits, tumor/cancer testing kits, urinalysis testing kits and others.
Among these segments, glucose monitoring testing kits segment is expected to
occupy top position in overallpoint of care (POC) diagnostics devices market
during the forecast period.Surged adoption of glucose monitoring testing kits by
diabetic patients is the major factor behind the growth of the glucose monitoring
POC testing device segment. Furthermore, increasing number of diabetic patients
across the globeis expected to augment the growth of POC glucose monitoring
diagnostics device market.
Global point of care (POC) diagnostics devices market is expected to flourish ata
CAGRof 9.2% over the forecast period. Moreover, the globalpoint of care (POC)
diagnostics devicesmarket is anticipated to garner USD 29.5 Billion by the end of
2021. Increasing penetration of chronic diseases andrising geriatric population are
some of the major factors which are anticipated to impel the growth of point of care
(POC) diagnostics devices market over the forecast period.
North America dominated the overall market of point of care (POC) diagnostics
devices, with a market share of 47% and is expected to continue its dominance over
the forecast period. Factors such as high spending on healthcare and developed
healthcare infrastructureare anticipated to garner the growth of the point of care
(POC) diagnostics devices market in North America region. Asia Pacific is
anticipated to showcase highest growth over the forecast period. Government
initiatives toreduce the cases of targeted diseases and