Europe POCT Device Market Globally Expected to Drive Growth through 2024


Europe POCT Device Market is expected to reach USD 11,682.54 billion by 2024 from USD 6,051.05 billion in 2016, at a CAGR of 8.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Segmentation: Europe POCT Device Market

By Product Type (Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits {Cardiac Markers, Blood Gas/Electrolytes Testing Kits, HbA1c Testing Kits, Lipids Testing}, Infectious Disease Testing Kits{Influenza Testing Kits, HIV Testing Kits, Hepatitis C Testing Kits, Sexually Transmitted Diseases (STDs) Testing Kits, Tropical Diseases Testing Kits, Healthcare-Associated Infection Testing Kits Respiratory Infections Testing Kits},Cholesterol Testing Kits {PT/INR Testing Kits, Activated Clotting Time (ACT/APTT) Testing Kits}, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits), Prescription Mode (Prescription Based Testing, Over-The-Counter Testing),  Distribution Channel (Direct Tenders, Retail), End User (Hospitals, Clinics, Home Ambulatory Care, Home Healthcare, Research Laboratory), Geography (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.)

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Drivers: Europe POCT Device Market

Some of the major factors driving the Europe POCT device market for rising scope of POCT devices, advancement in technology, increasing incidence of chronic diseases, rising demand for self-testing point-of-care testing devices, decentralized laboratory testing, and technological advancements like microfluidic lab on a chip technology. These factors increase the demand for devices such as blood glucose meter, CRP, HBA1C, Homocystein.

RISING SCOPE OF POCT DEVICES 

Day to day demand for POCT devices are rising due to instant test results and mobility feature. POCT devices are helping them in avoiding the delays for non-emergency patients by accessing immediate results. Here the decision making is faster as compared to laboratory results and traditional methods. Its process is easier, compatible, efficient to use and user friendly.

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INCREASING INCIDENCE OF CHRONIC DISEASES

In recent years, the prevalence of chronic diseases (such as cardiovascular diseases, hypertension, obesity, hepatitis, cancer, diabetes mellitus and many others) across the globe has increased considerably over a period of time. The rapidly increasing aging population and the subsequent rise in chronic conditions are major factors driving the demand for Europe POCT device market.

ADVANCEMENTS IN TECHNOLOGY

The injectable drug delivery technology market is expected to show significant growth in the coming years, due to various technological advancements and new product launches in order to enhance safety and results through quick testing with reliable and noteworthy outcomes with reduced sample volume or less blood on portable devices.

Major Players: Europe POCT Device Market

Some of the major players operating in this market are :

·         Abbott Laboratories Inc. (U.S.)

·         Alere Inc. (U.S.)

·         Roche Diagnostics Limited (Switzerland)

·         Siemens AG (Germany)

·         Becton Dickinson and Company (U.S.)

·         Johnson & Johnson Services Inc. (U.S.)

·         PTS Diagnostics (U.S.)

·         Instrumentation Laboratory (U.S.)

·         Nova Biomedical (U.S.)

·         Beckman Coulter Inc. (U.S.)

·         Others.

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