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Key Findings of the Global POC Molecular Diagnostics Market | Technavio
[December 01, 2017]

Key Findings of the Global POC Molecular Diagnostics Market | Technavio


The global POC molecular diagnostics market is expected to grow at a CAGR of around 13% from 2017-2021, according to a new market research report by Technavio.

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Technavio has published a new market research report on the global POC molecular diagnostics market ...

Technavio has published a new market research report on the global POC molecular diagnostics market from 2017-2021. (Photo: Business Wire)

Global POC molecular diagnostics market segmentation by application and end-user

Technavio's report on the POC molecular diagnostics market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including infectious diseases, oncology, and hematology and endocrinology. The infectious diseases segment dominated the market with 45% of the market share in 2016.

Based on end-user, the global POC molecular diagnostics market has been segmented into hospitals and clinic, diagnostics laboratories, and research institutes. As of 2016, 51% of the market share came from hospitals and clinics.

"Hospitals and clinics contributed the major market share in the end-users segment. The increase in adoption of technologically advanced products and methods for treating infectious diseases, oncology, and cardiac anomalies at POC within the hospitals and clinics influences maket growth.," says Srinivas Sashidhar, a lead analyst at Technavio for in-vitro diagnostics research.



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POC molecular diagnostics market: competitive vendor landscape

The global POC molecular diagnostics market is characterized by the existence of top manufacturers such as Abbott, bioMérieux, Danaher (News - Alert), and F. Hoffmann-La Roche. These companies are focusing on R&D to modify their existing products and to develop new products for the diagnosis of diseases. New market entrants such as Miroculus and Mesa Biotech are developing novel products in POC molecular diagnostics to reduce the burden of diseases.

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Other topics covered in the report:

Market drivers:

  • Increasing acquisitions
  • Increasing product launches

Market challenges:

  • Low adoption among healthcare providers
  • Inaccuracy of the test results

Market trends:

  • Growing focus on next-generation products
  • Paradigm shift toward miRNAs

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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