Market Overview:
The global point of care technology market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising demand for home-based care, and technological advancements in point-of-care testing devices. Based on type, the global point of care technology market is segmented into glucose testing, cardiac markers, Hb1ac testing, coagulation tests, and others. Glucose testing is the largest segment in this market due to the high prevalence of diabetes mellitus across the world. Cardiac markers are expected to grow at a highest CAGR during the forecast period owing to increasing incidence rates of cardiovascular diseases (CVDs). Based on application, hospitals are estimated to account for majority share in terms revenue generated by Point Of Care Technology Market followed by clinics and homecare settings respectively . However , clinics are projected t o witness highest growth rate over th e forecast period as they offer better patient experience with respect t o timeliness an d convenience .
Product Definition:
Point of care technology is a broad term that generally refers to any medical technology or software that is used in the clinical setting. This can include anything from electronic health records systems to blood pressure monitors. The point of care is the location where healthcare decisions are made and patient care occurs. As such, technologies that are designed for use in this setting can help clinicians make faster, more accurate decisions and provide better patient care.
Glucose Testing:
Glucose testing is a medical procedure that measures the level of glucose in the blood. Glucose levels are normally tested when a person is suspected to be diabetic. The Point of Care (POC) technology market has been growing at an exponential rate over the past few years and this growth can be attributed to technological advancements such as miniaturization, portability, and wireless communication capabilities in POC devices.
Cardiac Markers:
Cardiac markers are substances that are released in the blood during or shortly after death. They can be used to determine heart conditions in living persons by drawing a blood sample and determining the level of certain cardiac markers. The most common types of cardiac markers include troponin, myoglobin, and catecholamines. These substances act as indicators for heart muscle damage due to disease or injury.
Application Insights:
The hospital segment dominated the global point of care technology market in 2017 and is expected to maintain its dominance over the forecast period. The increasing prevalence of chronic diseases, such as cardiovascular, respiratory and kidney disorders coupled with rising geriatric population across the globe is anticipated to drive demand for CPOCT devices in hospitals. Furthermore, favorable government initiatives are also expected to boost growth over the forecast period. For instance, according to a study published by WHO in September 2016; it was found that majority of people die from treatable conditions at home therefore more than 50% of all deaths occur at home which if treated could have been prevented with available treatments at that time. This drives demand for point-of-care testing devices as they can be used for diagnostics & treatment purposes within minutes thus reducing turnaround time which further boosts their adoption rate among healthcare professionals & patients alike.
Regional Analysis:
North America dominated the global point of care technology market in 2017. This can be attributed to the presence of key players, increased healthcare expenditure and implementation of advanced POC systems by hospitals and clinics. Moreover, increasing cases of chronic diseases such as diabetes are expected to drive the demand for glucose testing products in this region. According to CDC’s National Center for Health Statistics (NCHS), from 2013 to 2016, the number of adults with diabetes aged 20 years and above was around 18 million which accounted for 6.7% population aged 20 years and above in U.S.
Growth Factors:
- Increasing demand for Point of Care Technology from the healthcare sector to improve patient care and reduce costs.
- Growing demand for portable and easy-to-use Point of Care Technology devices.
- Rising number of collaborations and partnerships between technology providers and healthcare organizations to develop innovative Point of Care Technology solutions.
- Proliferation of mHealth apps and services that supportPoint of CareTechnology deployments in hospitals, clinics, and other care settings.
Scope Of The Report
Report Attributes
Report Details
Report Title
Point of Care Technology Market Research Report
By Type
Glucose Testing, Cardiac Markers, Hb1ac Testing, Coagulation, Others
By Application
Hospitals, Home Care, Clinics, Others
By Companies
Abbott, Johnson & Johnson, Techno Medica, Meridian Bioscience, BD, Beckman Coulter, Abbott, Siemens, Roche
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Point of Care Technology Market Report Segments:
The global Point of Care Technology market is segmented on the basis of:
Types
Glucose Testing, Cardiac Markers, Hb1ac Testing, Coagulation, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Home Care, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott
- Johnson & Johnson
- Techno Medica
- Meridian Bioscience
- BD
- Beckman Coulter
- Abbott
- Siemens
- Roche
Highlights of The Point of Care Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glucose Testing
- Cardiac Markers
- Hb1ac Testing
- Coagulation
- Others
- By Application:
- Hospitals
- Home Care
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Point of Care Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Point of care technology is a term used to describe medical devices and software that are designed to be used by clinicians in the clinic or hospital setting. These technologies can include handheld devices like smartphones and tablets, as well as larger systems like computerized tomography (CT) scanners. Point of care technologies allow clinicians to more easily access information about patients' conditions, make diagnoses, and prescribe treatments.
Some of the major companies in the point of care technology market are Abbott, Johnson & Johnson, Techno Medica, Meridian Bioscience, BD, Beckman Coulter, Abbott, Siemens, Roche.
The point of care technology market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Point of Care Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Point of Care Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Point of Care Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Point of Care Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Point of Care Technology Market Size & Forecast, 2018-2028
4.5.1 Point of Care Technology Market Size and Y-o-Y Growth
4.5.2 Point of Care Technology Market Absolute $ Opportunity
Chapter 5 Global Point of Care Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Point of Care Technology Market Size Forecast by Type
5.2.1 Glucose Testing
5.2.2 Cardiac Markers
5.2.3 Hb1ac Testing
5.2.4 Coagulation
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Point of Care Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Point of Care Technology Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Home Care
6.2.3 Clinics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Point of Care Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Point of Care Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Point of Care Technology Analysis and Forecast
9.1 Introduction
9.2 North America Point of Care Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Point of Care Technology Market Size Forecast by Type
9.6.1 Glucose Testing
9.6.2 Cardiac Markers
9.6.3 Hb1ac Testing
9.6.4 Coagulation
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Point of Care Technology Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Home Care
9.10.3 Clinics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Point of Care Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Point of Care Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Point of Care Technology Market Size Forecast by Type
10.6.1 Glucose Testing
10.6.2 Cardiac Markers
10.6.3 Hb1ac Testing
10.6.4 Coagulation
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Point of Care Technology Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Home Care
10.10.3 Clinics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Point of Care Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Point of Care Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Point of Care Technology Market Size Forecast by Type
11.6.1 Glucose Testing
11.6.2 Cardiac Markers
11.6.3 Hb1ac Testing
11.6.4 Coagulation
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Point of Care Technology Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Home Care
11.10.3 Clinics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Point of Care Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Point of Care Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Point of Care Technology Market Size Forecast by Type
12.6.1 Glucose Testing
12.6.2 Cardiac Markers
12.6.3 Hb1ac Testing
12.6.4 Coagulation
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Point of Care Technology Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Home Care
12.10.3 Clinics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Point of Care Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Point of Care Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Point of Care Technology Market Size Forecast by Type
13.6.1 Glucose Testing
13.6.2 Cardiac Markers
13.6.3 Hb1ac Testing
13.6.4 Coagulation
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Point of Care Technology Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Home Care
13.10.3 Clinics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Point of Care Technology Market: Competitive Dashboard
14.2 Global Point of Care Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Johnson & Johnson
14.3.3 Techno Medica
14.3.4 Meridian Bioscience
14.3.5 BD
14.3.6 Beckman Coulter
14.3.7 Abbott
14.3.8 Siemens
14.3.9 Roche
