Cardiac POC Testing Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Cardiac POC Testing Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Medical Devices | PPT format

Report Digest

Global Cardiac POC Testing Device Market: Overview

POC devices or point of care devices are mainly used for medical diagnostic tests. These tests are conducted at a time and place convenient for patient care. These cardiac POC devices aid in saving valuable time of patients in activities such as sending medical samples to the labs and waiting for long time to get the results.

Global Cardiac POC Testing Device Market: Notable Developments

Some of the recent notable development in the global cardiac POC testing device market are listed below:

  • In June 2015, Roche announced the launch of CARDIAC point of care Troponin T test. This test was for the cobas h 232 system and was available for nations that accept the CE Market*. This test helped the healthcare professionals to determine patients with a potential acute myocardial infraction or AMI. AMI is also commonly known as heart attack and has higher accuracy at lesser troponin concentrations, within mere 12 minutes. This handheld POC testing device needs no sample or time consuming setup process. Thus, it can be used at any place such as emergency room, ambulance or office of a general practitioner.
  • In May 2019, Medtronic, an industry leader in the global cardiac POC testing device market announced that the company has launched Telescope™ Guide Extension Catheter. This newly developed catheter will be utilized for offering additional access and support to the distal lesions. These extension catheters will aid in delivering coronary balloons, stents, and other type of interventional devices during the process of angioplasty to restore the flow of blood through the peripheral and coronary arteries. With this launch, the company has taken a new step in the strengthening its product portfolio in the global market.

Global Cardiac POC Testing Device Market: Drivers and Restraints

There is a wide range of factors that are helping to drive the global cardiac POC testing device market. Some of the key driving factors are listed below:

  • Increasing cardiovascular disorders: One of the major driving factors for the growth of the global cardiac POC testing device market is the increasing incidences of cardiovascular disorders across the globe. Key reasons behind this increased number of disorders are rise in unhealthy habits such as smoking, consumption of alcohol, eating junk food that leads to rise in cholesterol, and prevalence of other disorders such as diabetes.
  • Technological advancements: Another important factor that has helped in boosting the growth of the global market in recent years is the growing technological advancements in the field of cardiovascular therapeutics. With these advancements, manufacturers and healthcare organizations are better equipped to serve the evolving needs of the patients and their problems with high tech solutions. This has thus helped in fueling the growth of the global cardiac POC testing device market.

Global Cardiac POC Testing Device Market: Geographical Outlook

The global cardiac POC testing device market is mainly segmented into key regions such as North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Of these, the global market is expected to be dominated by the North America market. Such high growth of the North America regional market is due to the highly developed healthcare infrastructure, highly favorable reimbursement policies, and presence of number of leading companies in the market.

During the given forecast period, highest growth potential is expected to be shown by the Asia Pacific region. This is because of growth in government investments in the development of healthcare infrastructure and launch of innovative products by key players in the market. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.