Andhrapradesh Journal

Respiratory Disease to Contribute about 50% of Point of Care Molecular Diagnostics Market

 Breaking News
  • No posts were found

Respiratory Disease to Contribute about 50% of Point of Care Molecular Diagnostics Market

April 01
18:28 2020
Respiratory Disease to Contribute about 50% of Point of Care Molecular Diagnostics Market

Increasing prevalence of diseases such as Influenza A/B,RSV, Hospital Acquired Infections (HAIs) likely to increase the demand for POC molecular tests
Point of Care Molecular Diagnostics Market by Product & Service (Assays, Kits, Analyzers, Software), Application (Respiratory Disease, Hospital Acquired Infection), Technology (RT-PCR, INAAT), End User (Physician Office, ICUS)

What are the Global Growth Factors?

Growth in the point of care molecular diagnostics market is mainly driven by factors such as the increasing worldwide prevalence of infectious diseases, rising focus on decentralized diagnostics, and the growing demand for CLIA-waived molecular POC tests.

What The Experts Says about the Market Growth?

The global point of care molecular diagnostics market is expected to reach USD 1440.2 Million by 2023 from USD 725.5 Million in 2018, at a CAGR of 14.7%.

Get Crucial Industry Insights | Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143524127

Browse and in-depth TOC on “Point of Care Molecular Diagnostics Market”
68 – Tables
23 – Figures
106 – Pages

Global Market Segmentation:

On the basis of product & service, the market is broadly segmented into assays & kits, instruments/analyzers, software & services. The assays & kits segment is expected to hold the largest share of the market in 2018 and is also projected to grow at highest CAGR in the global POC molecular diagnostics market during the forecast period.

On the basis of technology, the market is broadly segmented into RT-PCR, INAAT, and other technologies. The RT-PCR segment is expected to account for the largest share of the global POC molecular diagnostics market in 2018. RT-PCR is a highly cost-effective and preferred technology for POC settings that allows for the concurrent monitoring of expression levels of multiple genetic messages. Such benefits are driving the growth of the RT PCR segment.

On the basis application, the market is broadly segmented into respiratory diseases, hospital-acquired infections (HAIs), sexually transmitted diseases (STDs), oncology, hepatitis, and other applications (meningococcal meningitis, malaria, herpes simplex virus, Ebola, Zika virus).

On the basis of end users, the market is broadly segmented into physician offices, hospital EDs and ICUs, research institutes, and other end users. The physician offices segment is expected to hold the largest share of the market.

Geographical Analysis of Point of Care Molecular Diagnostics Market:

North America is expected to account for the largest share of the global POC molecular diagnostics market. The growing prevalence of infectious diseases, increasing number of CLIA product approvals, and rising government initiatives to support the adoption of POC molecular diagnostics in this region are driving the market growth.

Get Your Queries Resolved From Subject Expert | Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=143524127

Key Market Players:

Some of the key players in the global POC molecular diagnostics market are Roche Diagnostics (Switzerland), Abbott Laboratories (US), Biomerieux SA (France), and Danaher (US). Product development was the major strategy adopted by these major players to maintain their leadership position in the global POC molecular diagnostics market.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/point-of-care-molecular-diagnostic-market-143524127.html

Related Articles

Recent Posts

Global Hydrogen Chloride Market Leading Distributors/Dealers: Radiant Insights, Inc

Read Full Article