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PoC Molecular Diagnostics Market

: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global PoC Molecular Diagnostics Market: By Technology (PCR-based, Genetic Sequencing-based, Hybridization-based and Microarray-based), By Test Location (OTC and POC), By Application (Infectious Diseases, Oncology, Hematology, Prenatal Testing, Endocrinology and Other Applications), By End User (Decentralized Labs, Hospitals, Home-care, Assisted Living Healthcare Facilities and Other users) and Geography

 

Global PoC Molecular Diagnostics Market Report Description:

Global PoC molecular diagnostics market report gives comprehensive outlook on PoC molecular diagnostics across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global PoC molecular diagnostics market gives historical, current, and future market sizes (US$ Mn) on the basis of technology, test location, application, end user and region. This report studies global PoC molecular diagnostics market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global PoC molecular diagnostics products.

 

Global PoC Molecular Diagnostics Market:

The global PoC molecular diagnostics market estimated to be valued US$ 1.8 Bn in 2018 and poised to grow at significant CAGR of 10.1% over 2019-2025. Rising focus on decentralized diagnostics, increasing worldwide prevalence of infectious diseases, improved need for accurate and faster testing methods, growing awareness regarding benefits of early disease diagnosis and awareness amongst people will increase demand for point of care molecular diagnostics and growing demand for CLIA-waived molecular POC tests are some key factors fostering the market growth. However, factors such as Inadequate Reimbursements and strict government regulations are hindering the market growth.

 

Growing Demand for CLIA-Waived Molecular POC Tests are fueling the Market Growth

Point-of-care (POC) diagnostics provide rapid actionable information for patient care at the time and site of an encounter with the health care system. Many tests have received clinical laboratory improvement amendments (CLIA) waivers that enable POC use. CLIA-waived tests are typically simple and have a low risk for an incorrect result. With CLIA waiver, these tests can be used in a wide range of settings including pharmacy-based clinics, urgent care centers and hospitals, increasing access to testing and streamlining care. Another feature of many POC molecular flu tests is room temperature storage of test components, creating a more versatile lab footprint and allowing testing to be performed in a variety of locations.

 

Asia Pacific Accounts for Larger Market Revenue Share in Global PoC Molecular Diagnostics Market

 

Asia Pacific accounted for larger revenue share in global PoC molecular diagnostics market with considerable CAGR. The growth in this region is due to a larger population base in need for clinical testing, potential cost-effective implementation of PoC molecular tests and lack of sophisticated central laboratory testing service. China and India are the major contributors for the growth of the market in the region. North America held substantial market growth during estimated period owing to high R&D investments by governments and presence of technologically advanced medical framework.

 

Competition Assessment

Key player’s profiles in the global PoC molecular diagnostics market include:

  • Abbott Laboratories
  • Danaher Corporation
  • Biomérieux Sa
  • Roche Diagnostics
  • Quidel
  • Meridian Bioscience
  • Mesa Biotech
  • Genepoc
  • DxNA
  • Atlas Genetics
  • Spartan Bioscience
  • Biocartis

 

Global PoC molecular diagnostics market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2016, Roche Diagnostics Limited (Switzerland) was granted a CLIA waiver from the FDA for the cobas Influenza A/B & RSV test to be used on its cobas Liat System.

 

Key Findings of the Report:

 

  • Global market expanding at significant CAGR over 2019 to 2025 due to increasing demand in water treatment
  • Based on product type, extruded or pelletized PoC molecular diagnostics segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global PoC Molecular Diagnostics market

 

Detailed Segmentation

 

By Technology           

  • PCR-based
  • Genetic Sequencing-based
  • Hybridization-based
  • Microarray-based

By Test Location       

  • OTC
  • POC

By Application           

By End User  

  • Decentralized Labs
  • Hospitals
  • Home-care
  • Assisted Living Healthcare Facilities
  • Other users            

By Geography

 

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

    

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