Globally, the diagnostic testing business is a multi-billion-dollar industry with intense competition and areas of high growth. The United States is the world's largest single market for diagnostic testing.
This study focuses on POC testing, which is one of the most active segments within the diagnostic industry. POC testing is growing in both home use and POC testing near-patient applications. Both segments are included in this market study.
Major Findings
The list of CLIA (Clinical Laboratory Improvement Amendments) waived tests has expanded and opened new POC diagnostics segments. This waiver is for less complex laboratory tests and allows less qualified personnel to perform them.
Moderate skill level tests used at the POC are also increasing, offering more options than ever to health providers.
A major force driving the growth of this industry is the effort to provide better patient care by improving the turn-around-time (TAT) that POC testing offers.
Other forces include cost containment through shorter time spent in the ER and other critical care environments, the aging population that requires proportionately greater healthcare, the increased incidence of certain diseases, health worker shortages, and technological advances allowing for small, portable, easy-to-use POC devices.
Strategic alliances, mergers and acquisitions are allowing companies quick market entry into the POC segment; this trend is being fueled by the accelerating cost of product development.
Although the worldwide incidence of diabetes is predicted to double in the next 25 years and the use of testing devices is expected to increase, pricing pressures will likely offset the majority of gains in unit sales.
The global POC testing market is led by Roche, Johnson & Johnson, Alere, Abbott, Siemens and Danaher.
Report Scope
This study will describe the market for POC diagnostics at the global level. It focuses on the accelerating growth in this important diagnostic market segment and the key industry players. Specifically, the report:
Describes the POC testing industry
Estimates the current and future market size
Provides breakdowns for U.S. markets
Describes product segments and the continuous updating of POC products
Analyzes market influences in the industry and predicts the changes that will shape the future POC testing market
Discusses trends within the market and provides a future outlook
Reviews business activities of market leaders
Lists patents for POC technologies
The report includes:
43 data tables and 19 additional tables
An overview of the global markets for point of care (POC) diagnostics and testing within the healthcare industry
Analyses of global market trends, with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
A look at the diagnostic testing industry featuring current trends, government regulations and growth drivers that will shape the future POC testing market
Assessment of competitive landscape and current product suppliers and some of their technologies and market shares within the POC industry
Patent study and analysis covering all significant developments in POC technologies
Company profiles of major global players within the POC market, including Abbott Laboratories, Beckman Coulter, Inc., Becton, Dickinson and Co., Danaher Corp., Roche and Siemens Medical Solutions
Key Topics Covered
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing the Study
Contribution of the Study and Intended Audience
Scope of Report
Defining POC Testing
Methodology
Chapter 2 Summary and Highlights
Overview
Major Findings
Chapter 3 Industry Overview
What is POC Testing?
Industry Terms
Overview of the POC Testing Market
POC as Part of the Clinical Diagnostics Industry Structure
Medical Benefits Derived from Immediate Diagnostic Testing
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