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Point-of-Care Clinical Chemistry Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Point-of-care chemistry refers to as a number of tests such as Na, Cl, Mg, urea, creatinine, TCO2, iCa, Hct, and hemoglobin, which are included in a variety of combination. Clinical chemistry tests/panels are a group of test performed to determine the health status of an individual. These tests are performed majorly to evaluate a body’s electrolyte balance and to check status (health) of the organs. Common clinical chemistry tests/panels include basic metabolic panel, comprehensive metabolic panel, electrolyte panel, and lipid profile. Other panels include liver panel, renal profile, and thyroid function panel. Basis metabolic panel is performed to check the status (health) of kidneys, blood sugar level, and to evaluate the electrolyte and acid/base balance. 

The global market of point-of-care clinical chemistry is expected a strong growth during the forecast period owing to rapid rise of aging population, technological advancements, and early disease detection facilitated by specialized diagnostic tests. According to studies by the U.S. Census Board, people aged 65 years and above represented a significant share of the total U.S. population in 2009. The percentage of aged population is further expected to get double by 2030 as compared to 2009. Other countries aging at a rapid pace are Japan, Germany, Italy, China, and India. Diseases such as cancer, diabetes, and a few cardiovascular disorders have been referred to as diseases of aging by researchers. Research reports suggest that patients over the age of 50 are relatively more susceptible to cancer, especially cervical, breast, and prostate cancers. This aging of global population is expected to serve the global point-of-care clinical chemistry market as a growth driver. The expected rise in the target patient population is projected to lead to an increase in demand for point-of-care clinical chemistry, thereby driving the market growth. Likewise, the point-of-care clinical chemistry market has witnessed tremendous proliferation in technology in the recent past, with the advent of microarrays, biochips, and companion diagnostics. This has created significant opportunities for new methods of testing which are faster and highly accurate. Increasing burden of diseases is leading to introduction of tests with high efficiency & systems and with high capacity in terms of processing multiple samples at a time. These factors are expected to act as important growth drivers of the market. However, stringent and changing regulatory scenario might pose threat for the growth of the market to some extent. Point-of-care clinical chemistry systems are used for various purposes such as quick diagnostics, management of treatment data, and making decisions regarding treatment. Also, the accuracy in diagnostic data provided by point-of-care clinical chemistry systems helps in improving the procedure followed for treatment. Demand for automated instruments is rising in laboratories, which is driving the market for point-of-care clinical chemistry systems.

The report studies the global market for point-of-care clinical chemistry of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has a significant market for point-of-care clinical chemistry systems. This is due to advancement in technology, economic factors, and easy access to health care services in the region. Western Europe and Asia are other large markets which include the U.K., Japan, and China. Asia Pacific is expected to emerge as a fast growing regional market during the forecast period. Growth in patient population and favorable economic growth of major countries, along with an increase in number of players investing in emerging markets, are expected to drive market growth in this region. 

Key players operating in the global point-of-care clinical chemistry market includes Randox Laboratories, DRG International, Inc., EKF Diagnostics, Molecular Devices, LLC, Nova Biomedical, and Precision Systems Inc. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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