point-of-care testing market - industry analysis, size, share, growth, trends, and forecast 2019-2025
Posted: Saturday December 28
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the point-of-care testing market is anticipated to generate revenue of us$ 29.27 billion by 2025, expanding at a cagr of 5.33% during the forecast period 2019-2025. the major reasons that will escalate the adoption of poct are the world's aging population, the prevalence of age-related disorders and technological advancements. moreover, the development of condition-specific markers and tests and the growing significance of companion diagnostic will further boost this market. the growing significance of companion diagnostics and investing in unifying technology is further expected to help the sector grow and would mark as a trend. poct is one of the most active segments within the diagnostic industry, the technological capabilities far outnumber the rate of poct adoption. the poct market is driven by technological advancements as well as by patient preference. manufacturers are making continuous progress in terms of research and development to create products with newer and more advanced technologies. the technology involved in poct has evolved in many cases to be comparable to the centralized laboratory in terms of quality and meeting clinical needs. the earliest and most basic point-of-care (poc) test was dipstick urinalysis.
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