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About this market
Growing focus on technological advances to drive growth in the market. The increasing focus on the development of technologically advanced POC molecular diagnostic products will result in the augmented adoption of these products. These advanced devices decrease the workload of end-users and offer results within limited time. Therefore, to increase the efficiency and effectiveness of the results, the companies are developing advanced products. analysts have predicted that the POC molecular diagnostics market will register a CAGR of almost 14% by 2023.
Market Overview
Growing number of M&A and collaborations
Large companies are increasingly acquiring and collaborating with specialized POC molecular diagnostic companies to expand their product portfolio. Collaboration would result in the development of additional POC tests which can be offered across the globe, thereby expanding the company’s reach.
Product recalls
End-users rely on companies that provide high-quality products. When products lead to patient injury or fatalities, manufacturers wither voluntarily recall them from the market. This affects the market growth and brand image.
For the detailed list of factors that will drive and challenge the growth of the POC molecular diagnostics market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Abbott and bioMérieux the competitive environment is quite intense. Factors such as the growing number of M&A and collaborations and the growing focus on technological advances, will provide considerable growth opportunities to POC molecular diagnostics manufactures. Abbott, bioMérieux, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, and QIAGEN are some of the major companies covered in this report.
Growing focus on technological advances to drive growth in the market. The increasing focus on the development of technologically advanced POC molecular diagnostic products will result in the augmented adoption of these products. These advanced devices decrease the workload of end-users and offer results within limited time. Therefore, to increase the efficiency and effectiveness of the results, the companies are developing advanced products. analysts have predicted that the POC molecular diagnostics market will register a CAGR of almost 14% by 2023.
Market Overview
Growing number of M&A and collaborations
Large companies are increasingly acquiring and collaborating with specialized POC molecular diagnostic companies to expand their product portfolio. Collaboration would result in the development of additional POC tests which can be offered across the globe, thereby expanding the company’s reach.
Product recalls
End-users rely on companies that provide high-quality products. When products lead to patient injury or fatalities, manufacturers wither voluntarily recall them from the market. This affects the market growth and brand image.
For the detailed list of factors that will drive and challenge the growth of the POC molecular diagnostics market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Abbott and bioMérieux the competitive environment is quite intense. Factors such as the growing number of M&A and collaborations and the growing focus on technological advances, will provide considerable growth opportunities to POC molecular diagnostics manufactures. Abbott, bioMérieux, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, and QIAGEN are some of the major companies covered in this report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
