North America Point of Care Testing Market | Advanced Technologies and New products boosting the Growth of the Market
North America Point of Care Testing Market Outlook Analysis:
Point of care testing market is propelled to have huge growth opportunities in the coming years especially in North America. Point of care testing is a medical diagnostic testing where patient’s medical history was send to laboratories away from the specimen and have to wait for the results during which the patient need care without the information. These tests are simple to even perform at the bed side, but the thing is some portable ultrasonography did not reach the stage to available for the patients near bed.
With the advanced technology, the time taken for the results is gradually reduced and enhanced the effectives of treatment with more comfort and convenient to the patient. Blood glucose meter and nerve conduction study device and more testing kits are accomplished to transport easily and also handed easily to collect the specimen. Mobile devices are playing effective role in enabling quick access for patient’s results.
North America Point of care testing market predicted to register a CAGR of 3 % to reach 8 Billion USD during the forecast period 2024
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North America Point of Care Testing Market Growth Driving Factors
The growing incidence of health disorders along with the rising population is a key driving factor for the market to grow enormously in North America. In addition, the rise in support from the government in funding and also changing policies in favor to the poor people is accelerating the growth of the market.
However, cost for installation and maintenance of some devices is bit expensive, which cannot be established in rural areas is slightly restraining the growth of the market. Lack of skilled persons in monitoring and handling the devices and diagnosing according to the results analysis remained as a challenging factor in the regional market.
The emergence of advanced technology in introducing various innovative devices which is making the diagnosing process easy for the doctors is surging the growth opportunities for the market. The rise in the demand for public health care management services is also leveraging the growth of this market.
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Geographic Analysis of North America Point of Care Testing Market:
Globally, the market is held by North America. The increased adoption of advanced technology and implementing number of innovative products in favor to the patient are boosting up the demand of the market in this region. The increased dealing with the health organizations and other universal based institutes for research and development is also fueled to raise the growth of the market in North America. Acceptance of point of care diagnostics by physicians and patients with more comfort is also sustaining the demand of this market. Moreover, the rapidly increasing geriatric population and their awareness towards the health disorders is outshining the growth of the market in North America.
Some of the Prominent Players Covered in this North America Point of Care Testing Market Report are: Spectral Diagnostics, Abbott Laboratories, Nova Biomedical, Abaci’s Inc., Siemens Healthcare, Danaher Corporation, Instrumentation Laboratory, Trinity Biotech, Qiagen N.V., BioMerieux, Johnson & Johnson, Roche Diagnostics, Alere Inc., and Nipro Diagnostics.
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