A Global Molecular Diagnostics Point of Care Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Molecular Diagnostics Point of Care industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Molecular Diagnostics Point of Care market, this study covers qualitative and quantitative aspects of the Molecular Diagnostics Point of Care market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the Molecular Diagnostics Point of Care market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The Global Molecular Diagnostics Point of Care Market is projected to reach USD 4.84 billion in 2027. The main factors that are expected to strengthen high growth potential for POC MDx products are continuing research and development to miniaturize tests with molecular diagnostics that enable increased patient testing with higher precision and lower turnaround times.
Over the predicted period, rising need in non-laboratory settings such pharmacy clinics, medical offices, and home care tests—which are, by definition, portable and safe—would probably result in lower market demand. CLIA tests are anticipated to see a rise in demand. Governments of developing nations and a handful of other sizable international organisations actively promote and finance ongoing research and development.
In addition, a wide variety of point-of-care testing technologies has been evolving rapidly over the previous decade with a view to extending its potential market to a wider range of Medical Faculties, initially focused on the screening, monitoring, and diagnosis of infectious diseases in low income developing countries. Therefore, cardiological monitoring, oncological testing, and hematological testing are now available and/or under development.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Abbott Laboratories, Bayer Healthcare, Roche Diagnostics, Bio-Rad Laboratories, Danaher Corporation, BioMerieux, Dako, Abaxis Inc., OraSure Technologies Inc., and Nipro Diagnostics, among others
Target Audience of the Global Molecular Diagnostics Point of Care Market Report:
- Key Market Players
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Molecular Diagnostics Point of Care Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Molecular Diagnostics Point of Care market on the basis of product, application, and region:
Segments Covered in this report are:
Test Location Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Over-the-Counter (OTC)
Technology Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Genetic Sequencing-based
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Infectious Diseases
- Prenatal Testing
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Additional information offered by the report:
- Along with a complete overview of the global Molecular Diagnostics Point of Care market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Molecular Diagnostics Point of Care market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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