2013-01-10 16:17:30 - POC diagnostic products market to exceed a value of $6 billion by 2017
The global point of care (POC) diagnostic products market, specifically those used in a physician´s surgery, reached a valuation $1.7 billion in 2011, and is predicted to hit a market value of $6.1 billion by 2017.POC diagnostics are diagnostic tests that are conducted at or near the site of patient care. The use of these tests can provide faster results, helping improve the patient management. There are already a number of POC diagnostics in the market, with many more in development.In the physician´s office, POC diagnostics can play a key role in the diagnosis and ongoing monitoring of acute and chronic illnesses, the detection of some types of cancer, the monitoring of patients on anticoagulation drugs, and for general blood
and urine testing.Globally, the diagnostic testing business is a multibillion-dollar industry with intense competition and areas of high growth. The United States represents the world´s largest single market for POC diagnostic products.Many point-of-care test systems are realised as easy-to-use membrane-based test strips, often enclosed by a plastic test cassette. This concept often is realised in test systems for detecting pathogens. Very recently such test systems for rheumatology diagnostics have been developed, too. These tests require only a single drop of whole blood, urine or saliva, and they can be performed and interpreted by any general physician within minutes.There are several key challenges in the market. Currently, many physicians´ offices do not have budgets for in-house diagnostic testing and healthcare funding needs to change in order to provide incentives for doctors to use the products.For this to happen, healthcare providers need evidence that POC diagnostics provide benefits in terms of clinical-usefulness, convenience and cost in order to adopt them.For more information on the POC diagnostic products market, see the latest research: POC diagnostic products marketFollow us on Twitter @CandMResearch
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