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 : May, 2021 | Medical Devices

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. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?