The report titled “Europe POCT Devices Market Outlook to
2022 - by Geography (Western Europe & Eastern Europe), by Product (Blood
Glucose POCT, Infectious POCT, Cardiac POCT, Rapid Coagulation POCT, Blood Gas
& Electrolytes POCT, Hematology POCT, Pregnancy POCT, Urinalysis POCT,
Cholesterol POCT, Fecal Occult POCT, Hb1Ac POCT& Drugs of Abuse POCT), by
Customer Segments (Hospitals & Clinics, Diagnostics Labs & Primary Care
Units and Homecare & Patients)”
by Ken Research
suggested a growth at a CAGR of close to 7.5% in Europe POCT Market in the
review period.
Expanding product portfolio with
launch of new products, rising cases of infectious diseases and technological
advances will be the key factors driving growth in Europe
POCT market.
In the review period,
Europe POCT market has been largely dominated by Western Europe in terms
of revenue generation. Increase in incidence of chronic diseases, health
awareness, medical advancement in POCT sector in Europe has led major market
growth during 2012-2017. Cardiovascular, sexually transmitted, diabetes and
infectious diseases have become more prevalent with increase in tobacco use,
lack of physical activity, and poor eating habits amongst Europeans. There has
been a general increase in awareness regarding health amongst all age groups.
Coupled with innovations in POCT medical devices, the market has witnessed a
patient driven growth. Advancement in medical knowledge and R&D Work has
given rise to new innovative technology including Magnotech Biosensor, Breath
Analyser, Portable MDx, BioMEMS, Integrated Cartridges, Multiplexed Lateral
Flow Immunoassay and others.
There has been a noticeable increase in per capita
spending on healthcare by Europeans hence; developing new and handy POCT
methods/devices has been on rise. Acquiring patents and high competition for
market dominance has been prevalent. Unease associated with laboratory testing
methods such as managing obesity and cardiovascular related diseases &
fertility related issues, POCT devices have become a way out for people to get
easy, fast and cheaper detection method in comparison to cumbersome laboratory
diagnostics. Pathology related diagnostics test have been performed at home
with ease moreover, diagnostic lab test have become POCT-friendly, providing
results within minutes. This has encouraged households to opt for these devices
for early detection hence, early treatment.
With vast scope of innovation and expansion, many new
companies have been expanding their product lines into POCT device
manufacturing.
For more information on the research report,
refer to below link:
Related Reports:-
https://www.kenresearch.com/healthcare/medical-devices/vietnam-medical-devices-market/143604-91.html
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