Point-of-Care Diagnostics Market Opportunities, Size, Share, Revenue, Competitive Analysis, Demand and Growth by 2026

2022-06-01 11:13:16 UTC | Aerospace & Defense
Point-of-Care Diagnostics Market Opportunities, Size, Share, Revenue, Competitive Analysis, Demand and Growth by 2026

According to IMARC Group’s latest report, titled “Point-of-Care Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a strong growth in 2020. Point-of-Care (PoC) diagnostics is a medical assessment, which is extensively deployed in the healthcare industry for facilitating effective disease diagnosis, management, and monitoring. It is also utilized for supplying diagnostic facilities to remote locations. PoC testing includes various portable equipment for urinalysis, glucose monitoring, cardiometabolic, and infectious disease. Currently, PoC diagnostics are commercially available in varying types, such as infectious disease, cardio-metabolic, and blood-glucose test kits.

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The point-of-care diagnostics market is primarily driven by the numerous initiatives undertaken by the governments of various nations for improving the healthcare infrastructure by incorporating various techniques and technologies. Additionally, the widespread adoption of wireless devices for enabling the direct transmission of patient data is contributing to market growth. Apart from this, rising consumer consciousness regarding the early detection of diseases and the increasing prevalence of various infectious and chronic diseases, such as cancer, hepatitis, and cardiac diseases, are creating a positive outlook for the market. Looking forward, IMARC Group expects the global point-of-care diagnostics market to continue its robust growth during the forecast period (2021-2026).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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