Connect with us

Hi, what are you looking for?

Economy

A synopsis of PoC molecular diagnostics industry in terms of drivers, opportunities and challenges, Global valuation to surpass USD 2.5 billion by 2024

The potential of point of care diagnostics market has been a subject of much discussion and hype over the last decade. In vitro diagnostics has been playing an increasingly significant role in the provision of healthcare. In fact, as per authentic estimates, nearly 80% of the data grounding on which physicians take clinical decisions are produced by medical laboratories, which is why diagnostics now is considered as a critical input in the overall patient care. While clinical assay output, even a few decades back, had only reiterated around infection test and blood chemistry, modern clinical laboratories are capable of offering a wide array of diagnostics ranging from immunological, chromosomal, cardiovascular to even oncology and pharmacogenetics. In this regard, analysts believe recent advancements in molecular biology to be one of the pivotal factors driving the growth of point of care diagnostics market. In the year 2016, this fraternity held a market share of USD 1 billion and is further forecast to surpass a global valuation of USD 2.5 billion by 2024.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved