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Point-of-care Infectious Disease Diagnostics Market is Expected to Generate Huge Profits by 2021

Press Release   •   Feb 04, 2017 01:53 EST

North America dominates the global market for point-of-care infectious disease diagnostics due to rising incidence of infectious diseases in the region. Asia is expected to show high growth rates in the next five years in this market. China and India are projected to be the fastest growing markets in the region. The key driving forces for the point-of-care infectious disease diagnostics market in developing countries are the large pool of patients, increasing awareness about diseases, improving healthcare infrastructure, and rising government funding in these countries.

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Increasing prevalence of infectious diseases, rise in geriatric population, increasing prevalence of lifestyle associated diseases, increase in healthcare expenditure, increasing awareness about healthcare through campaigns and conferences, and increasing number of initiatives by various governments and government associations are some of the key factors driving the growth of the global point-of-care infectious disease diagnostics market. However, disadvantages of point-of-care testing over central lab methods and stringent and time-consuming regulatory policies are major restraint for the growth of the market.

Miniaturization of point-of-care testing devices would help develop opportunities for the global point-of-care infectious disease diagnostics market. Standardization of point-of-care testing devices and acquisition of small players are some of the trends in the market. 

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The major companies operating in the global point-of-care infectious disease diagnostics market are Thermo Fisher Scientific Inc., Alere Inc., Calypte Biomedical Corporation, Chembio Diagnostic Systems, Inc., Meridian Bioscience, Inc., MedMira, Inc., Trinity Biotech plc, Sekisui Diagnostics, OraSure Technologies, Inc., and Quidel Corporation.

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