Global point of care diagnostics market to grow from USD 2.13 billion to USD 3.0 billion
As per a market research report published by GlobalData, the global point of care diagnostics market is expected to reach USD 3.0 billion from USD 2.13 billion over 2015-2021. The key factors driving the growth of the market include rising prevalence of lifestyle-related and infectious diseases, acceptance of cardiac markers in emergency departments, the growing home-testing market, and a potential for POC devices to speed up patient care decision-making, and reduce hospital stay. The rise of more precise molecular POC technologies for infectious disease testing would hasten the growth of the market. The market for cardiac markers POC tests alone is expected to reach USD 507.5 million by 2021, owing to the ability of these tests to shorten emergency department stays, allowing for quick discharge, speedy discovery, and reduced costs.