Disposable POCT Devices Market Share, Industry Trends, Size, Revenue, Demand, Growth Analysis by 2019-2026

[Swati Singh]

Market Analysis: Global Disposable POCT Devices Market

Global disposable POCT devices market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for home-based POC devices and rising government support is the major factor for the growth of this market.

Global Disposable POCT Devices Market By Product Type (Glucose Monitoring Products, Infectious Disease Testing Products, Coagulation Testing Products, Pregnancy and Fertility Testing Products, Urinalysis Testing Products, Other POC Products ), Prescription Mode (Prescription-Based Testing, OTC Testing), End-User (Professional Diagnostic Centers, Home Care, Research Laboratories, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Market Definition: Global Disposable POCT Devices Market

Points of care testing or decentralized testing are the testing that can be done without any clinical staff and it provides results immediately. They can be performed anywhere outside the laboratory as mostly these devices are handheld. Blood glucose monitors, home pregnancy tests, fertility testing products are some of the common types of disposable POCT devices. Disposable POCT devices are those which once used, cannot be used again. Pregnancy testing kits are those which are used to detect whether a female is pregnant or not and is done with the urine sample. This device is one of the best examples of disposable POCT devices.

Market Drivers

· Increasing infectious disease worldwide is driving the market growth

· Rising prevalence for Clia- Waived POC tests is driving the growth of this market

· Technological advancement and development.

· Increasing demand for home-based POC devices is a major factor driving the growth of this market.

Market Restraints

· High price of the devices is restraining the market growth

· Less knowledge among the population about the usage of POCT devices is another factor restraining the market growth.

· Strict and time-consuming regulatory policies which is increasing development period for the product which is also restraining the market

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Competitive Analysis:

Global disposable POCT devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of disposable POCT devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global disposable POCT devices market are Danaher; Abbott. F. Hoffmann-La Roche Ltd, BD, Trinity Biotech Ireland, AccuBioTech Co., Ltd., Cardinal Health, Thermo Fisher Scientific; Calypte, Chembio Diagnostic Systems, Inc., Meridian Bioscience, Inc., MedMira Inc., Sekisui Diagnostics, OraSure Technologies, Inc., Quidel Corporation, Siemens Healthcare GmbH, Sekisui Diagnostics, Quidel Corporation, Nova Biomedical, Instrumentation Laboratory Company, EKF Diagnostics,

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Research Methodology: Global Disposable POCT Devices Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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Key Developments in the Market:

In July 2018, Sight Diagnostics announced the launch of their new point-of-care blood diagnostics system called OLO which is specially designed to analyze the single-use cartridges manually with the drops of the patient’s blood. This will help the clinicians to perform test easily at their office

In January 2015, The Institute of Bioengineering and Nanotechnology (IBN) of A STAR announced the launch of their new paper-based disposable device which will help people to detect dengue within 20 minutes. The disease can be detected through saliva. This new test will detect the primary and secondary dengue infections and will help the patients to get treatment faster

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