Point-of- care diagnostics allow a speedy, convenient, and cost-efficient way to diagnose diseases at healthcare centers and hospitals. Point-of- care diagnostics is a term collectively used for diagnostic procedures and tests performed on-site. Many advanced point of care diagnostic products are on the verge of being used practically and widely. But, more than innovative and advanced point-of- care devices, the demand for inexpensive solutions that can be set up in regions where infectious diseases are highly prevalent. In developing regions, these tests are crucial in counterbalancing the lack of adequate laboratory capacity.
The major factors that are driving the growth of the market are advances in technology and introduction of cost effective and high quality medical solutions aimed at achieving miniaturization and lab automation, rising levels of patient awareness, Patients suffering from long-term diseases such as diabetes, are actively participating in the shift relating to the implementation of point-of-care diagnostic practices. Effort and co-ordination required among healthcare centers, researchers, practitioners and manufacturers, reluctance from the industry towards changing the existing norms, frequent product recalls, stringent regulatory framework and unfavourable reimbursement scenario are the major restraints that hamper the growth of the dental device market.
Some of the major companies dominating the global market are Abbott Laboratories, Inc., Danaher Corporation, Roche Diagnostics Limited, BioMerieux, Siemens Healthcare, Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson , Alere Inc., and PTS Diagnostics.
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