The point-of-care testing (POCT) market continues to evolve due to movements in the competitive landscape and expanding market opportunities. Companies have responded to new opportunities and growing end-user needs aggressively through expansion of product lines and test capabilities.
Frost & Sullivan (drugdiscovery.frost.com) finds that the U.S Point-of-Care Testing Market earned revenues of $2.13 billion in 2009 and estimates this to reach $3.93 billion in 2016.
"New opportunities continue to emerge for point-of-care testing," explains Frost & Sullivan Research Analyst Isaac Middendorf. "Testing is increasingly utilized in new environments, such as patient homes, as well as in novel disease areas."
The POCT market continues to be driven largely by high-growth segments such as infectious disease and coagulation PT monitoring. The infectious disease market has been driven by rising infections and detection of new diseases and mutations. Coagulation PT monitoring has grown dramatically due to expanded testing in patient homes and the growth of patient services.
"Growing testing channels have driven test utilization, while new products continue to expand the areas in which point-of-care testing can add value," continues Middendorf. "As more testing methods move into areas such as the patient’s home, it is expected to drive not only test use and compliance, but also additional revenue areas such as patient services and monitoring. Additionally, new areas continue to emerge that may benefit from point-of-care methods, including new diseases and ways to monitor therapy efficacy."
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U.S. Point-of-care Testing (POCT) Markets-2009 / N6E5-55