Point-Of-Care Molecular Diagnostics Market Size And Forecast

Aug 2019| VMR1316A| Verified Market Research

Report Highlights

Point-Of-Care Molecular Diagnostics Market Size And Forecast

According to Verified Market Research, the Global Point-Of-Care Molecular Diagnostics Market was valued at USD 1.76 Billion in 2018 and is projected to reach USD 4.61 Billion by 2026, growing at a CAGR of 12.53% from 2019 to 2026.

The latest survey on Global Point-Of-Care Molecular Diagnostics Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trend in Point-Of-Care Molecular Diagnostics Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Point-Of-Care Molecular Diagnostics Market By Product Type, By Component, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What Is Point-Of-Care Molecular Diagnostics?

Point-Of-Care (POC) molecular diagnostics are the tests that are performed at a site near to the patient. It can be done in a hospital, clinic, ambulance, field or physician’s office. POC molecular diagnostics is fast and efficient and therefore reaches more patients. The test results are fast and thus ensures that timely treatment is offered to the patients. It also eliminates the follow-up visits of the patient. Molecular technologies are employed that tests the nucleic acid or the DNA of the patient for the detection of any pathogens, infections, tumors or abnormalities.

Global Point-Of-Care Molecular Diagnostics Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

More patients are preferring for Point-Of-Care (POC) molecular diagnosis. The market is anticipated to propel due to several advantages it has to offer such as – convenience, reduced patients' waiting time, fewer or no follow-ups, accurate test results, immediate planning for treatment, and improved healthcare delivery. Hospital visits become difficult for the geriatric population and rise in geriatric population is helping the market to grow. With such type of diagnosis, the spread of infectious diseases is also brought under control. Many hospitals and clinics are offering the option of POC molecular diagnosis, therefore driving the market forward. However, lack of awareness and poor progress in developing countries are the biggest restraints in the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Point-Of-Care Molecular Diagnostics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. 

Global Point-Of-Care Molecular Diagnostics Market Competitive Landscape

The “Global Point-Of-Care Molecular Diagnostics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Novartis AG, Siemens Healthcare GmbH, Danaher Corporation, Bio-Rad Laboratories Inc., Bayer AG, Qiagen, Becton Dickinson Co., Alere Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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