PoC Platform & Technology Market To Surpass US$ 45.4 Billion By 2025 - Coherent Market Insights

1. POC PLATFORM & TECHNOLOGY MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027 © Coherent market Insights. All Rights Reserved © Coherent market Insights. All Rights Reserved

2. REPORT DESCRIPTION PoC Platform & Technology Market- Overview The Global PoC Platform & Technology Market, by Technology (Lateral Flow Based Assays, Enzyme Label, Microfluidics, Biochips, Biosensors, and Others), by Application (Diagnostic and Monitoring, and Drug Development and Quality Testing), by End User (Hospitals, Clinics, Laboratories, Home Care Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 21,370.3 million in 2016 and is projected to exhibit a CAGR of 8.9% over the forecast period (2017–2025). The POC platform & technology market is expected to gain significant traction, owing to increasing awareness about the novel diagnostic techniques offering instant results that help in early diagnosis and the launch of new products by the manufacturers. Increasing expenditure for R&D by the organizations to accelerate market growth The non- government organizations are focused on research and development of the novel point-of-care devices as they provide robust, inexpensive, and simple diagnostic tests at emergency settings, which will improve quality of healthcare. For instance, in 2011, the Bill & Melinda Gates Foundation granted US$ 31 million to fund innovation in point-of-care diagnostics (POCD) in the emerging economies where the burden of disease is the highest. The initiative aims to introduce novel diagnostic tools for rapid disease diagnosis, thereby reducing disability and transmission of infections in resource-poor communities. Browse Research Reports: https://www.coherentmarketinsights.com/market-insight/poc- platform-and-technology-market-1501 © Coherent market Insights. All Rights Reserved

3. REPORT DESCRIPTION Technological advancements coupled with regulatory approvals is expected to augment growth of POC platform & technology market The manufacturers are developing innovative POC flu tests for efficient diagnosis, as the antiviral medications are only effective when taken within 48 hours of symptom onset. According to the World Health Organization (WHO), annual influenza epidemics is estimated to result in about three to five million cases of severe illness, and 250,000 to 500,000 deaths. In February 2018, Mesa Biotech Inc. received FDA 510 (k) clearance Clinical Laboratory Improvements Amendments (CLIA) waiver for its Accula Flu A / Flu B test with PCR testing to the POC providing a qualitative result in approximately 30 minutes to guide same day treatment decisions. The manufacturers and researchers are also developing advanced systems such as real-time biosensors to provide instant insights about health status, thereby providing significant opportunities for improving personalized care. For instance, in 2016, VitalConnect, Inc. launched FDA approved Vital Connect platform to achieve better health and economic outcome. The platform includes HealthPatch MD biosensor and the single-use VitalPatch biosensor. Furthermore, in October 2017, researchers from the University of Illinois at Urbana-Champaign and the University of Washington at Tacoma developed a lab-on-chip device, which offers easy detection of infectious diseases by attaching the chip to the smartphone that acts as a detector. PATH has developed a low-cost diagnostic strip test for Chagas costing less than US$ 2, which provides an immediate diagnosis overcoming the problem of transporting samples to remote laboratories and helps people receive appropriate treatment Request a Sample copy of this reports : https://www.coherentmarketinsights.com/insight/request-sample/1501 © Coherent market Insights. All Rights Reserved

4. REPORT DESCRIPTION Key Takeaways of the POC Platform & Technology Market: The global POC platform & technology market is expected to exhibit a CAGR of 8.9% over the forecast period, owing to increasing research and development activities by private research organizations for disease diagnosis, biomarker validation, and drug discovery in North America, Asia Pacific, and Europe. On the basis of technology, biosensors segment holds a dominant position in the POC platform & technology market, owing to the sensitive and rapid detection of target analytes, which is important in medical diagnosis of diseases while providing a cost effective option to the patient. On the basis of applications, diagnostic and monitoring segment holds a dominant position in the POC platform & technology market, owing to rise in adoption of novel diagnostic platforms for detecting various infectious and chronic diseases for early intervention in resource constrain settings. Some of the major players operating in the global POC platform & technology market include Advanced Liquid Logic, Inc., Agilent Technologies, Axxicon Moulds Eindhoven B.V., Lifesensors, Inc., Abbott Laboratories, Siemens Healthineers, and LifeScan, Inc.. Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/1501 © Coherent market Insights. All Rights Reserved

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6. ABOUT CMI SECTOR COVERAGE BIOTECHNOLOGY CLINICAL DIAGNOSTIC HEALTHCARE IT MEDICAL DEVICES MEDICAL IMAGING PHARMACEUTICAL OUR CLIENTS  Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry  Component Providers and System Integrators  Private and Government organization  Distributors, Retailors and Value Added Resellers  Outsourcing Companies  Healthcare IT Solutions Developers  Universities and Business Schools. © Coherent market Insights. All Rights Reserved

7. KEY STATS RESEARCH SOLUTIONS 100+ GLOBAL REPORTS FEASIBILITY STUDIES Insights Published Per Year CUSTOMIZED SOLUTIONS 150+ COUNTRY ANALYSIS Consulting Projects Till Date CONSULT PROJECTS SURVEY RESEARCH 125+ EXCEL FORECAST DATABASE Clients Worldwide Per Year COMPETITIVE ASSESSMENT TECHNOLOGY SNIPPETS 110+ Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

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