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Point of Care Diagnostic Devices Market Size to Grow at a CAGR of 10.3% During 2020â2025
Increasing Prevalence of Chronic Diseases Such as Diabetes, Rheumatism, or Cancer and Infectious Diseases Across the Globe Owing to Rise in Geriatric Population are Some Factors Driving the Growth of Point of Care (PoC) Diagnostic Devices Market.
BriefingWire.com, 3/02/2021 - Point of Care (PoC) Diagnostic Devices Market size in 2019 is estimated to be $24.8 billion, growing at a CAGR of 10.3% during the forecast period 2020-2025. Point of care (PoC) Diagnostic devices are designed to provide rapid detection and information for patient care at the time and site. Point of care (PoC) Diagnostic devices are used to test pregnancy, Infectious diseases, glucose and cholesterol levels. It gives quick results to the patients. Rising prevalence of chronic and infectious diseases coupled with increasing geriatric population are the major factors driving the growth of the market. Moreover, hectic lifestyle and rising preferences for home healthcare further enhance the overall market demand for Point of Care (PoC) Diagnostic Devices during the forecast period 2020-2025.