Point-of-Care (POC) Diagnostics Market to Rise at 6.6% CAGR, Increasing DisposabPosted by Rushikesh Pise on November 15th, 2019 The increasing awareness about importance of proper infrastructure in healthcare set-ups is boosting the global point-of-care diagnostics market, predicts Fortune Business Insights in their new report. The report is titled,” Point-of-care Diagnostics (POC)Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2026”. According to the report, the market is anticipated to reach US$ 28,379.6 Mn by the end of 2026 from US$ 17,019.5 Mn in 2018. The forecast period is set from 2018 to 2026 and the market is expected to grow at a CAGR of 6.6%. Browse Complete Report: https://www.fortunebusinessinsights.com/industry-reports/point-of-care-diagnostics-market-101072
Increasing Need for Immunotherapy and Other Therapeutic Methods to Promote Growth The rise in geriatric population and their vulnerability towards various are augmenting growth of the global point-of-care diagnostic market. This, coupled with the rising prevalence of infectious diseases, is boosting the market. The rise in disposable income of people worldwide has encouraged them to opt for better healthcare treatment and facilities. This is further prognosticated to fuel the demand for point-of-care diagnostics market in the coming years. Furthermore, rising incidence of target diseases is propelling the demand for point-of-care treatment methods such as molecular target therapy, immunotherapy, and other therapy methods. Such factors are anticipated to help the market generate better revenue in the years to come. However, factors such as high cost of installation and high maintenance costs may hamper the market in the long run. Nevertheless, with advancement in technology and new product launches, the market is anticipated to grow remarkably in the years to come. Like it? Share it! More by this author |