Europe point of care testing (POCT) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 8.8% in the forecast period of 2022 to 2029 and is expected to reach USD 13,085.33 million by 2029.
However, lack of alignment with test results obtained from laboratories, high cost and lack of trained staff are some of the challenges hampering the market growth. The growing incidences of chronic diseases in Europe with conditions like cancer, asthma and heart disease among others have improved the usage and awareness about early diagnosis of diseases. This awareness made people buy more healthcare premiums including whole body check-ups regularly that includes almost all the tests. At the same time, the population of chronic diseases is rapidly increasing.
Market Analysis and Insights
The point of care testing (POCT) is characterized as testing which can be done in close proximity to the patient where a medical decision can be made immediately including the results and monitoring. Increased prevalence of infectious and chronic diseases, improved diagnosis seeking-rate and rising preference for homecare testing are some of the major drivers driving the market growth.
To support the POCT process, a methodology was introduced that includes coverage of management, time spent by professionals for diagnosis and evaluation activities that would help in improving the accuracy rate of the information and help in making better decisions in terms of diagnosis. Thus, the efforts by the healthcare and IT professionals, improved training of healthcare professionals, change in the patient care delivery system and improved diagnosis-seeking rate in the region are leading to the market growth.
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Europe Point-Of-Care-Testing (POCT) Market Scope
Europe point of care testing (POCT) market is segmented into product, application, end user, mode of testing and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Application
- Blood Glucose
- Cardiac Monitoring
- Coagulation
- Whole Blood Analysis
- Vital Sign Monitoring
- Infectious Disease Testing
- Urine Analysis
- Cholesterol Testing
- Others
Based on application, the market is segmented into blood glucose, cardiac monitoring, coagulation, whole blood analysis, vital sign monitoring, infectious disease testing, urine analysis, cholesterol testing and others.
End User
- Laboratories
- Hospitals
- Clinics
- Ambulatory Centers
- Home Care
- Assisted Living Facilities
- Pharmacies/Drug Stores
- Others
Based on end user, the market is segmented into laboratories, hospitals, clinics, ambulatory centers, home care, assisted living facilities, pharmacies/drug stores and others.
Mode of Testing
- Prescription-Based Testing
- OTC Testing
Based on mode of testing, the market is segmented into prescription-based testing and OTC testing.
Distribution Channel
- Direct Sales
- Third Party Distributor
- Online Sale
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Europe Point-Of-Care-Testing (POCT) Market Country Level Analysis
Europe point of care testing (POCT) market is analyzed and market size insights and trends are provided by product, application, end user, mode of testing and distribution channel.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands and impact of sales channels are considered while providing forecast analysis of the country data.
The countries covered in the nuts market report are
- Germany,
- France,
- K.,
- Italy,
- Spain,
- Netherlands,
- Russia,
- Switzerland,
- Turkey,
- Belgium and rest of Europe.
- Germany dominates the Europe point of care testing (POCT) market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increased awareness regarding POCT devices in the Europe region.
Major TOC of theEurope Point-Of-Care-Testing (POCT) Market Report
Chapter One:
CHAPTER ONE - MARKET SEGEMENTATION
CHAPTER TWO - EXECUTIVE SUMMARY
CHAPTER THREE - PREMIUM INSIGHTS
CHAPTER FOUR - MARKET OVERVIEW
Browse The Table of Contents And List of Figures https://www.databridgemarketresearch.com/toc/?dbmr=europe-poct-market
Competitive Landscape and Europe Point-Of-Care-Testing (POCT) Market Share Analysis
The point of care testing market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance. The above data points provided are only related to the companies' focus on point of care testing market.
The major players covered in the Military Truck Marketreport are
- Siemens Healthcare GmbH,
- Hoffmann-La Roche Ltd.,
- Quidel Corporation Trividia Health, Inc.,
- Nova Biomedical,
- PTS Diagnostics,
- Trinity Biotech,
- LumiraDx,
- Sekisui Diagnostics,
- Chembio Diagnostics, Inc.,
- BD,
- Thermo Fisher Scientific Inc.,
- Abbott,
- Danaher,
- binx health, Inc.,
- QuantuMDx Group Ltd.,
- Werfen,
- Thermo Fisher Scientific,
- Abaxis,
- EKF Diagnostics and Sysmex Europe SE, among others.
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