Point-of-care Diagnostics Market is Anticipated to Reach a Value of US$11.7 bn by 2024

The global point-of-care (PoC) diagnostics market is experiencing an exponential growth over the recent years owing to increasing patient’s preference for taking up these tests. Another factor helping the market to grow stupendously is the technological advancement with which the healthcare sector has been growing over the years. Players in the market are continuously focusing on the research and development to innovate new devices which are more advanced and efficient, thus helping the market to grow. The point-of-care diagnostics market is gaining traction from the rising prevalence of infectious diseases especially in emerging economic countries such as Brazil, South Africa, China, and India. This is anticipated to allure the attention of vendors in the market. Rising demand for portable-of-care devices and home-based that are efficient, faster, advanced and easy to handle is likely to fuel the market.

Obtain Report Details @

https://www.transparencymarketresearch.com/care-diagnostics-market.html

On the basis of product, the market is segregated into lateral flow assay test, solid phase assay test, flow-through test, and agglutination assay test. Of these lateral flow assay outruns other competitors in the segment owing to high demand for decentralized diagnostic tests. It has been found that lateral flow tests are a perfect fit for replacing laboratory-based immunoassays in decentralized PoC testing locations. However, on the other solid phase assay test is expected to witness a surge in demand during the assessed period owing to rise in chronic disease cases all across the world.

Request for Sample Copy of Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1128

Presence of good administrative activities for advancing point-of-care diagnostics over different structures is predicted to act a significant thrust for the market. For example, the introduction of Clinical Laboratory Improvement Amendments (CLIA) for certain point-of-care (PoC) analytic tests and items can likewise be ascribed to the rise in demand for PoC equipment.

Moreover, increment in financing by numerous sources, including the U.S. Bureau of Defense (DOD), NIH, and private establishments like the Bill and Melinda Gates Foundation, is expected to drive the point-of-care diagnostics market. Such foundations are associated with financing different tasks for advancement of POC diagnostics to various associations including California Institute of Technology, Dartmouth College, Seventh Sense Biosystems, and different organizations.

Request Report Brochure @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1128

Glucose tracking gadgets are utilized to quantify the amount of glucose or sugar level in the circulation system. These gadgets give solid outcomes, which can be utilized amid normal registration to translate hazard factors with high sugar and furthermore help in the planning of new eating routine charts for patients & prescriptions.

The growing utilization and demand for of home-based glucose testing systems is one of the key trends observed in the point-of-care diagnostics industry. A few organizations are propelling advanced glucose testing equioment that have expanded their reception rate among the end-clients. For example, Abbott received endorsement from the Therapeutic Goods Administration (TGA) in Australia for its FreeStyle Libre Flash Glucose Monitoring System, a glucose detecting innovation for insulin-utilizing Australians suffering from diabetes. To give such administration the doctors or healthcare professionals need to take help of demonstrative tests comes about, PoC gadgets give such outcomes in a brief timeframe, and subsequently their demand is growing among the outpatient healthcare settings.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research

State Tower,

90 State Street, Suite 700

Albany, NY 12207

United States

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: www.transparencymarketresearch.com

My name is Pragya Tripathi and I work with the Digital Marketing and Editorial team of Transparency Market Research, a market intelligence firms based in India & Usa.