This important report studies the flourishing near-patient testing business. It provides a complete review and analysis of the current POC markets and provides forecasts of market growth through 2010.
POC testing revenue reached an estimated $5.05 billion in 2005 and is expected to grow at a 13.8% AAGR through 2010, yielding sales of nearly $9.65 billion.
A major force driving the growth of this industry is the effort to provide better patient care by improving the time to treatment (TAT) that POC testing offers. Other forces include cost containment, the aging population, the increased incidence of certain diseases, and technological advances.
Glucose testing meters and supplies accounted for 47.9% of POC sales in 2005 and are expected to grow at a 9.4% AAGR through 2010. The worldwide incidence of diabetes is predicted to double in the next 25 years.
?
Forecast of the U.S. POC Market by Application, 2005 and 2010 ($ Billions)
????????????????Source: BCC Research
INTRODUCTION
The United States is the world?s largest single market for diagnostic testing, and one of the most active segments within the diagnostic industry is pointof- care (POC) testing. POC testing is growing in both home use and POC near-patient applications. However, but the projected POC near-patient applications are forecasted to grow at a 15.5% average annual growth rate (AAGR) as opposed to 9.3% AAGR for the home use segment.
Over the last few decades, there has been a strong trend toward POC testing because of an increasing demand for near-patient testing that provides rapid results. More tests are being performed at the hospital patients? bedsides, in physicians? office laboratories, outpatient clinics, emergency rooms and intensive care units. Critical care instruments combining selected important chemistry, hematology and hemostasis parameters have entered the market for POC testing in the emergency and operating rooms. The trend toward greater POC testing is driven by the faster diagnostic benefits it provides.
This important report studies the flourishing near-patient testing business. It provides a complete review and analysis of the current POC markets and provides forecasts of market growth through 2010. In addition, it provides an overview of POC products, and descriptions of current and emerging technologies. The study also covers federal regulation of POC testing, international developments, and patents that will affect the future of the industry.
SCOPE OF STUDY
This comprehensive study:
Describes the point of care (POC) industry
Estimates the current and future market sizes
Discusses product segments
Analyzes market influences and predicts the future of POC
This important report studies the flourishing near-patient testing business. It provides a complete review and analysis of the current POC markets and provides forecasts of market growth through 2010.
