Point of Care Molecular Diagnostics Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2024
Category: #health  By Partha Ray  Date: 2019-08-13
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Point of Care Molecular Diagnostics Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2024

Point of Care (PoC) Molecular Diagnostics Market size was over USD 1 billion in 2016, with growth forecast over 9% CAGR from 2017 to 2024. Endorsed with a vast application expanse in the renewed healthcare fraternity, point of care molecular diagnostics market has already garnered substantial remuneration over the recent years. Testament of the statement is the billion-dollar valuation attained by the industry in 2016. The sheer popularity of POC molecular diagnostics market can be majorly credited to the increasing incidence of infectious diseases along with spreading public awareness with regards to its pre-disease detection. In this regard, it is prudent to mention some of the crucial aspects that have indirectly made the stage lucrative for point of care molecular diagnostics industry growth.

Request for a sample of this research report @  https://www.gminsights.com/request-sample/detail/2210

Top notch biggies involved in the business sphere have been vying up with one other to sustain their presence in the competitive POC molecular diagnostics market. Amidst the fierce share battle, these companies are readily adopting mergers and acquisitions as one of the significant growth strategies to expand their geographical reach.  Citing a precedent, the acquisition of Alere by Abbott is claimed to mark an outset of a lucrative journey of the latter in POC molecular diagnostics industry. Recently inked, the agreement in all likeliness, would position Abbott as a global leader in POC testing portfolio and would further strengthen the healthcare giant’s diagnostics presence in overall business space. As per reliable sources, the acquisition comes on the heels of Abbott’s long-term strategy of maintaining its leading position in other key business spheres including nutritionals, medical devices, and pharmaceuticals.

Browse Report Summary @ https://www.gminsights.com/industry-analysis/point-of-care-poc-molecular-diagnostics-market

The current framework of technological interferences in healthcare space provides a significant testament to the fact that POC molecular diagnostics industry is set to thrive on upgraded state-of-the-art techniques over the ensuing years. Recently, OraSure Technologies, one of the acclaimed names in POC molecular diagnostics market, has recently received a prequalification certificate from the U.S. World Health Organization for its OraQuick HIV Self- Test. For the record, OraQuick HIV Self-Test is a simple point of care test aimed to detect antibodies both for HIV 1 and HIV 2 with just an oral swab. With ongoing R&D investments by renowned giants as well as leading research organizations with regards to pre-disease detection, POC molecular diagnostics industry is certain to tread toward one objective that is enhancing accuracy, preciseness, and improved research on molecular diagnosis at lower costs, which undoubtedly would sway the business growth in the coming years. As per reliable estimates, global POC molecular diagnostics market is slated to record 9% CAGR over 2017-2024.

More insightful info @ https://www.marketwatch.com/press-release/25-bn-by-2024-point-of-care-molecular-diagnostics-market-set-for-massive-growth-2019-07-12

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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