Growth of Point of Care (POC) Diagnostics Market to be Impacted by Rising Adoption of Automated Diagnostic Devices in Healthcare Industry

The augmented analytics market, and it is poised to grow by USD 17.44 bn during 2020-2024, progressing at a CAGR of 30% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The popularity of SOA among end-users has been instrumental in driving the growth of the market. However, interoperability issues with other software solutions might hamper market growth.

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Augmented Analytics Market 2020-2024: Segmentation

Augmented Analytics Market is segmented as below:

Deployment

·         On-premises

·         Cloud-based

Geographic segmentation

·         North America

·         APAC

·         Europe

·         South America

·         MEA

Augmented Analytics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our augmented analytics market report covers the following areas:

·         Augmented Analytics Market size

·         Augmented Analytics Market trends

·         Augmented Analytics Market industry analysis

This study identifies the rising number of product launches as one of the prime reasons driving the augmented analytics market growth during the next few years.

Augmented Analytics Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the augmented analytics market, including some of the vendors such as International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., Qlik Technologies Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., Sisense Inc., and TIBCO Software Inc. Backed with competitive intelligence and benchmarking, our research reports on the augmented analytics market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Growth of Point of Care (POC) Diagnostics Market to be Impacted by Rising Adoption of Automated Diagnostic Devices in Healthcare Industry

Global point of care diagnostics market has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on product, end-users, and geography for the forecast period 2019-2023

To learn more about the global trends impacting the future of market research: Download Free Sample Report

This report on the point of care diagnosis market includes:

Point of Care Diagnostics Market Analysis and Forecast 2019-2023: Features

·         Competitive landscape

·         Market segmentation

o    Product

o    End-Users

o    Geography

·         Market drivers

·         Market trends

·         Market challenges

·         Five forces analysis

·         Market landscape

·         Market sizing & forecast

Point of Care Diagnostics Market 2019-2023: Competitive Landscape

·         Vendors covered

·         Vendor classification

o    Abbott

o    Danaher

o    F. Hoffmann-La Roche Ltd

o    Siemens Healthineers AG

o    Sinocare Inc.

Point of Care Diagnostics Market 2019-2023: Geographic Landscape

·         North America - Market size and forecast 2018-2023

·         Europe - Market size and forecast 2018-2023

·         Asia - Market size and forecast 2018-2023

·         ROW - Market size and forecast 2018-2023

·         Key leading countries

Point of Care Diagnostics Market 2019-2023: Product Landscape

·         Hematology diagnostics - Market size and forecast 2018-2023

·         Infectious disease diagnostics - Market size and forecast 2018-2023

·         Rapid cardiovascular diagnostics - Market size and forecast 2018-2023

·         Rapid coagulation diagnostics - Market size and forecast 2018-2023

·         Others - Market size and forecast 2018-2023

Point of Care Diagnostics Market 2019-2023: End-Users Landscape

·         Hospitals and clinics - Market size and forecast 2018-2023

·         Homecare settings - Market size and forecast 2018-2023

·         Clinical diagnostic laboratories - Market size and forecast 2018-2023

Growing adoption of automated diagnostic devices in the healthcare industry will drive the point of care diagnostics market

Automated solutions allow researchers to invest more time in their core areas as it eliminates several manually intensive tasks. This improves productivity and reduces human errors. Automated solutions collect and analyze various process data to improve efficiency, accuracy, and workload handling capacity of automation diagnostic devices. These devices also offer a range of approaches such as dynamic selection of various tests to ease the workflow process. The efficiency and effectiveness offered by these devices are driving their adoption among end-users. As a result of these factors, the growth of the global point of care diagnostics market will accelerate during the forecast period.

Shift from conventional testing methods to rapid diagnostics – An emerging trend in the point of care diagnostics market

Rapid diagnostic tests (RTDs) are gaining popularity across the world as they can be carried out in medical facilities with limited sources. Moreover, the growing prevalence of malaria has created a strong demand for tests that can detect the condition in the asymptomatic population with low levels of infection. The advent of RTDs is creating new pathways for laboratories and physicians that provide treatment for malaria. Many countries are adopting this strategy to eliminate the prevalence of malaria. This trend is expected to positively impact the growth of the market during the forecast period.