Point of Care Testing Market is anticipated to be US$ 36 Billion by 2024

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Point of care testing (POCT), also known as bedside testing is a medical diagnostic testing that allows patient diagnoses on the field, in the ambulance, at the physician’s office, in the hospital, or at home. The results of the point of care testing are timely and accurate which allow rapid treatment to the patient. Point of care testing has the potential to widely impact the health care delivery system by addressing the challenges of health disparities in real time. The success of the potential shift from remedial medicine to modified, prognostic and preventive medicine could rely on the enhancement of portable monitoring and diagnostic devices for point of care testing. Point of Care Testing Market is projected to reach US$ 36 Billion by the end of year 2024.

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Point of care testing is essential for the rapid detection of analytes at the patient’s site, in order to facilitate better disease diagnosis, monitoring and management. Point of care testing, the diseases can be diagnosed at a very early stage which not only enables health experts to take quick medical decisions, but also improves patient’s health by enabling the early start of treatment.

Point of care testing has witnessed a tremendous advancement in the recent time. Some of them include developments in the biosensors, assay formats, microfluidic, lab-on-a-chip technologies, bioanalytical platforms and complementary technologies. Today, Point of care testing systems offers a wide range of tests menu and can transmit tests results wirelessly to the patient’s medical record for doctor review.

Advantage of Point of Care Testing System
Today, Point of care testing has become an integrated part of the healthcare system as it provides laboratory testing outside the main laboratory. Some of the advantages of Point of care testing include:

Efficiency: Point of care testing uses proficient work flow process, as the diagnosis is performed near or at the bedside of patient within a short time frame. Also, the testing is performed within the clinical management setting.

Speed of Diagnosis and Treatment: Point of care testing offers rapid test results with the potential to accelerate medical decision-making. Point of care testing is conducted and medical care can be implemented promptly. The POCT process is more efficient for the physician, as they need not to wait for the tests results from the central laboratory.

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Portable devices:
• Point of care testing devices is more compact than that of the central or core laboratory. Point of care testing devices requires less space for its operation and storage.
• Point of care testing devices offers wide menu of tests.
• Point of care testing allows tests to be performed at a variety of locations, i.e. in ambulance, at home, in hospital and so on.

The point of care testing devices offer efficient, quick and reliable tests results with the advantage of test being performed near to the patient. The Point of care testing market is expected to grow significantly in the near future due to increasing incidences of chronic & infectious diseases, growing preference for home healthcare, increasing geriatric population and technological advancements such as connectivity with Smartphone based applications.

Key Topics Covered:
1. Executive Summary
2. Global Point of Care Testing Market & Forecast
3. Market Share – Global Point of Care Testing
4. Diagnostics Segments – Point of Care Market (2010 – 2024)
5. By Mode - Global Point of Care Testing Market (2010 – 2024)
6. By End User - Global Point of Care Testing Market & Forecast
7. By Region - Global Point of Care Testing Market & Forecast
8. Abbott Laboratories – Company Analysis
9. Siemens Healthineers – Company Analysis
10. Roche Diagnostics – Company Analysis
11. Quest Diagnostic – Company Analysis
12. Becton, Dickinson and Company – Company Analysis
13. Johnson & Johnson – Company Analysis
14. Growth Drivers
15. Challenges

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