Press Release

Global Point of Care Testing Market to Grow as New Home-Based Devices Gain Popularity, says Fortune Business Insights

Point of Care of Testing Market by Top Key Players are ARKRAY, Inc., Abaxis, Abbott, Alfa Scientific Designs, Inc., Ascencia Diabetes Care Holdings AG, Beckman Coulter, BD, bioMérieux SA, Chembio Diagnostic Systems, Inc., F. Hoffmann-La Roche Ltd., LamdaGen Corporation

The global point of care testing market is set to experience a surge on account of delivery of fast and accurate results by point of care devices. Key insights into this burgeoning market have been shared by Fortune Business Insights in its report, titled “Point of Care Testing Market Size, Share and Global Trend By Product (Instruments, Accessories, Consumables and Software, Other Solutions), By Application (Blood Glucose Monitoring, Infectious Diseases, Blood Gas and Electrolytes, Anticoagulant Management, Pregnancy and Fertility, Substance Abuse), By End User (Hospital, Laboratories, Home Care Settings, Clinics), and Geography Forecast Till 2026”. The report highlights the factors that are influencing the market and analyses its various aspects. Point of care testing (POCT) describes medical testing procedures performed by trained healthcare professionals at or near the location of the patient. Typically involving blood and urine testing, the aim of POCT is to obtain quick and accurate results after the specimen is collected.

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some of the key players in the global Market:

  • ARKRAY, Inc.
  • Abaxis
  • Abbott
  • Alfa Scientific Designs, Inc.
  • Ascencia Diabetes Care Holdings AG
  • Beckman Coulter
  • BD
  • bioMérieux SA
  • Chembio Diagnostic Systems, Inc.
  • Hoffmann-La Roche Ltd.
  • LamdaGen Corporation

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/point-of-care-testing-market-100604

Convenience a Key Factor Driving the Market

The inherent convenience of POCT has been identified as one of the primary drivers in the growth of the global point of care testing market. Devices used to administer POCT are portable and handheld such as blood glucose meters and INR meters. Such ease of use can help in delivering better patient outcomes and early detection of diseases and infections. As a result, the global point of care testing market is seeing rising purchases of point of care testing kits and is expected to gain traction in the forecast period.

In addition to the above factors, the global point of care testing market is in a position to grow on account of the rising frequency of disease outbreak episodes. For example, a recent report of the World Health Organization (WHO) states that rapid diagnostic tests will help the African countries of Guinea, Liberia and Sierra Leone to tackle the Ebola outbreak effectively. Moreover, treatment of chronic diseases such as diabetes and high blood pressure also requires quick and accurate testing. Point of care testing tools can, thus, aid the treatment of such disorders. The global point of care testing market grows as a consequence.

Limitations with Point of Care Testing Methods Pose a Serious Challenge to the Market

Point of care testing kits carry some major disadvantages which may hinder the steady growth of the global point of care testing market. According to the Leeds Teaching Hospitals, there are certain anomalies that point of care testing devices are unable to detect. For example, these devices have failed to detect icteric, haemolysed, and lipaemic samples in whole blood samples. The organization also points out the fact that the results given out by these devices need to thoroughly analyzed and recorded by the administrators. If procedures are not followed during testing, it can seriously compromise the results and affect patient care. The global point of care testing market will need to overcome these obstacles to grow and expand.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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