Global Point of Care Diagnostics Market was valued at US$ 24.01 Bn in 2019 and is expected to reach US$ 55.13 Bn by 2027 at a CAGR of 10.95 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Point of Care Diagnostics Market Dynamics:
The major factors driving the growth of this market include the rising prevalence of modern lifestyle, increase in chronic and infectious diseases, advancement in technology, the scope for unmet medical needs, and emerging POCT devices. These factors increase the demand for devices such as blood glucose meters, CRP, HBA1c, homocysteine. On the other hand, rising costs of POCT devices and low reimbursement scenarios are regulatory hurdles that may hinder the growth of the market. The rising cost of POCT devices and low reimbursement scenario are the factors, which may hinder the growth of this market.
Glucose monitoring led the market in 2019 because of an improved commercialization rate of portable glucose meters in past few years. Patients are aware of the fact that monitoring glucose level at regular intervals is important for diabetic patients. This has encouraged the employment of hand-held glucose meters in-home care settings.
Global Point of Care Diagnostics Market Segment Analysis:
On the basis of mode of prescription, the Point-of-Care Diagnostics market is classified into two segments prescription-based testing and OTC testing. The prescription-based testing segment was the largest share of the global point-of-care diagnostics market in 2019. The growth of this segment can be attributed to the increasing incidence and prevalence of lifestyle diseases and the lack of awareness of OTC POCT devices in developing nations.
Global Point of Care Diagnostics Market Regional Analysis:
North America accounted for the highest market share in 2019 due to the high awareness accompanied by high disease prevalence. Favorable government regulations and initiatives pertaining to the development of healthcare infrastructure also support the large share of this region. Numerous product launches and strategic developments by key players in the U.S. are also anticipated to drive the regional market. For instance, in November 2018, PixCell Medical received the Food and Drug Administration (FDA) support for its point of care HemoScreen Hematology Analyzer. Likewise, in October 2017, Abbott Laboratories acquired Alere Inc. that reinforced the POC testing offerings of Abbott. On the other hand, Asia Pacific is estimated to be the most attractive regional segment. This is major because of strategic initiatives adopted by international players to improve healthcare infrastructure. Growing awareness and the presence of a huge patient pool in developing economies such as India and China can further fuel the regional demand.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the point of care diagnostics market.
Scope of the Global Point of Care Diagnostics Market Report: Inquire before buying
Global Point of Care Diagnostics Market, by Kits Product
• Glucose Monitoring
• Infectious Disease Testing
• Pregnancy And Fertility Testing
• Hematology Testing
• Cardiometabolic Monitoring
• Urinalysis Testing
• Coagulation Monitoring
• Tumor Markers Testing
• Cholesterol Test Strips
• Drugs Of Abuse Testing
• Fecal Occult Testing
Global Point of Care Diagnostics Market, by End-User
• Professional diagnostic centers
• Hospitals/critical care centers
• Outpatient healthcare Setting
• Ambulatory care settings
• Research laboratories
• Home
• Others
Global Point of Care Diagnostics Market, by Mode of Prescription
• Prescription based
• Over-the-counter (OTC)
Global Point of Care Diagnostics Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Point of Care Diagnostics Market:
• Abbott
• Alere Inc.
• Siemens AG
• Becton
• Dickinson and Company
• Johnson & Johnson Services Inc.
• PTS Diagnostics
• Instrumentation Laboratory
• Nova Biomedical
• Beckman Coulter, Inc.
• Werfenlife
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Global Barrier Systems Market was valued at US$ 16.95 Bn in 2019 and is expected to reach US$ 21.96 Bn by 2027, at a CAGR of 3.29 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Barrier systems are a vital component that confirms safety solutions on roadways, airports, residential lanes, commercial buildings, railways, and others.
They are fitted to efficiently manage vehicles and reduce the possibilities of vehicle intrusions.The global crash barrier systems market is driven by the rising construction and automotive industry.
An escalating roadways network, highways are expected to propel the growth for barrier systems market.
Global feed binder market was valued US$ 3.02Bn in 2017 and is expected to reach US$ 5.50Bn by 2026, at a CAGR of 5.79 % during a forecast period.Global feed binder marketA binder or binding agent is any material or substance that holds or draws other materials together to form a cohesive whole mechanically, chemically, by adhesion or cohesion.
Feed binders are used in changeable concentrations and quantities depending upon types.Increasing awareness for livestock food and health is one of the major key drivers of the market.
It offers feature such as low-cost requirements and less inclusion level per ton of feed are driving the demand for clay.Feed binders harvest safe and nutritious products and prevent feed from decomposing.
Binders bring the firmness to feed pellets just to enhance the adaptability of the feed, and it also provide enrich nutrition levels.Poultry feeds is expected to hold significant growth in the feed binder market.
Japan and South Korea presented stable growth.
The decay in courtyard production reinforced the growth of compound feed utilization among livestock key players.The report provides a detailed overview of the Global feed binder market including regional information.
Global Barrier Systems Market was valued at US$ 16.95 Bn in 2017 and is expected to reach US$ 21.96 Bn by 2026, at a CAGR of 3.29 % during a forecast period.Global Barrier Systems MarketBarrier systems are a vital component that confirms safety solutions on roadways, airports, residential lanes, commercial buildings, railways, and others.
They are fitted to efficiently manage vehicles and reduce the possibilities of vehicle intrusions.The global crash barrier systems market is driven by the rising construction and automotive industry.
An escalating roadways network, highways are expected to propel the growth for barrier systems market.
The growing focus on industrialization and increasing growth in the construction sector are the main factors estimated to increase the growth of the barrier systems market.
The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global barrier systems market.
Global Healthcare IT outsourcing Market was valued ~US$ 40.11 Bn in 2019 and is expected to reach ~US$ 74.25 Bn by 2027, at CAGR of 8% during forecast period of 2020 to 2027.Global Healthcare IT outsourcing Market To know about the Research Methodology :- Request Free Sample ReportGlobal Healthcare IT outsourcing Market Overview: In recent years, the healthcare IT outsourcing market has accounted for the healthy rise.
The outsourcing provide convenience with regards to costing as well as management to the patients and healthcare providers as well, which has increased their acceptance across the world and this trend is expected to grow in the forecast period 2020-2027.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The healthcare IT outsourcing market is anticipated to experience strong growth during 2020-2027, as government directives tend to lead the rise in spending on IT operations in health care sector.
Moreover, digital advancements is also expected to bring massive benefits to healthcare, a real necessity in many private & government hospitals.
As it eases the operations with less paperwork, helps hospitals maintain a clean record of customers, and handover these records with ease to various stakeholders.
Moreover, hospitals can outsource the burden that comes with maintaining sensitive medical records, which are preventable surplus liability in many cases.
Global Automotive Electronics Sensors Market size was valued US$ 35.92 Bn.
Global Automotive Electronics Sensors MarketIncreased vehicle production globally, also rise in demand for an electric vehicle, implementation of strict government rules and regulations related to emissions, and increase in consumer demand for safety, comfort and luxury in vehicles, These are the factors driving the growth of global automotive electronics sensors market.Temperature sensing and control are among the most important and well-established functions in automotive electronics.
In automotive electronics, they are found especially in climate control and power-train applications.
Emerging, state-of-the-art, sensor technologies are defined here as those which are currently in the R stage of development, or those which have been newly introduced and which are expected to have a significant impact on automotive systems development.During the past two decades, market studies have continued to track the increasing deployment of sensors to automotive systems.
According to data from the Insurance Institute for Highway Safety, there are nine vehicle models -- including the Volvo XC90 -- in which no one in the United States died in the four years from 2009 to 2012, the most recent period for which data is available.Volvo still based in Sweden but now owned by China's Zhejiang Geely Holding Group (GELYY), wants to make this the case for its entire vehicle line up throughout the world.
That also helps Volvo predict how much safer its vehicles will be with each new advancement.Europe car industry has demonstrated signs of improvement in June 2020, boosted by the reopening of more showrooms.
Global Healthy Snacks Market was valued at US$ 26.09 Bn in 2018 and is expected to reach US$ 37.2 Bn by 2026, at a CAGR of 5.2% during a forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
In addition, various variety of healthy products such as roasted snacks, gluten-free, sugar-free, whole grain products are available in the market which is attracted to consumers.
Growing purchasing power of middle-class pollution in emerging economies such as India and China, which is anticipated to boost the demand for meat snacks in the forecast period.
The Asia Pacific is projected to generate the highest CAGR in the global healthy snacks market during the forecast period.
Rapid urbanization and hectic and busy lifestyle of population boosting the demand for grab-and-go snacks coupled with health benefits.
