This market research presents a detailed segmentation of the point-of-care testing (POCT) market in Europe by application and includes sectors like blood glucose testing, infectious diseases testing, cardiac markers testing, coagulation testing, pregnancy and fertility testing, electrolyte testing, tumor markers testing, urinalysis, and cholesterol testing. Key vendors in this market are Abbott Laboratories, Alere, Bayer Healthcare, LifeScan, Roche Diagnostics, and Siemens.
Technavio’s market research analysts estimate the POCT market in Europe, to grow at a CAGR of over 4% between 2015 and 2019. The high prevalence of diseases in Europe coupled with the patients’ augmented awareness pertaining to diseases and advances in medicine are boosting the demand for POCT devices. Owing to the increased usage of these POCT devices, the governments are making considerable efforts to monitor the quality of these devices to ensure patient safety.
The new market research report from Technavio provides a breakdown and analysis of the POCT segments by technology.
“Growing popularity of portable POCT products are rapidly gaining acceptance as they are more efficient than conventional POC devices. The portable POC diagnostic products are relatively inexpensive, more hygienic, and much more efficient when compared to the fixed POCT diagnostic products. Also, the introduction of advanced portable products with licenses for single-owner use is expected to spur market growth during the forecast period,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research
Technavio’s market research analysts estimate the blood glucose testing segment to be the largest market segment during the forecast period. The high availability of devices like glucose monitoring systems and blood glucose meters in the European region is a key factor that fosters market growth in this segment during the forecasted period of 2014 to 2019.
The key vendors in the POCT market in Europe include Abbott Laboratories, Alere, Bayer Healthcare, LifeScan, Roche Diagnostics, and Siemens. This market is primarily dominated by large vendors due to their ability to form strategic alliances with smaller vendors for the marketing and manufacture test strips or blood glucose meters. The level of competition in this market is augmented by the presence of numerous SMEs as they focus on product development and marketing strategies to improve their position in the market.
A more detailed analysis is available in the Technavio report, POCT Market in Europe 2015-2019.
We can customize reports by other regions and specific segments upon request.
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