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Market Research Report -- Point of Care Testing Market to Reach $25 Billion by 2016

ROCKVILLE, MD -- (Marketwire) -- 01/30/13 -- has announced the addition of the market research report "Point of Care Testing Market and Forecast to 2016: Global Analysis" to their product offering.

The concept of Point of Care Testing (POCT), also known as bedside, near-patient testing and decentralized testing, relates to tests that are conducted by clinical operators at the site of patient care where immediate medical action is taken on the results. The fact that point of care (POCT) represents a departure from conventional laboratory medicine has created new opportunities in the field of diagnostics industry. Technical advancements over recent years have helped point of care testing (POCT) to grow with double digit CAGR from 2009 to 2011 and evolve into a vital diagnostic tool. It is predicted that point of care testing market will be approximately US$ 25 Billion by 2016.

Blood glucose test controls a lion's market share of around 70% for the year 2011 and it is expected to continue its dominance till 2016. Rest of all the others point of care tests market share covered in this report are in single digit. Infectious disease testing market is expected to double by 2016 from its market of 2011. As countries are making the healthcare more and more accessible to people, the demand for various point of care testing is keep on rising. The point of care testing market has become an established sector worldwide and will continue to provide vital contribution in in-vitro diagnostics industry.

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Renub Research is a full service market research firm providing customized and syndicated research solutions to business organizations. Renub Research services specialize in Energy, IT & Telecom, Insurance, Financial and Services sector. Our experienced team of analysts collate, evaluate data from credible sources so that you don't miss out on even the minutest detail of information in today's dynamic business environment. Our team of dynamic industry experts makes market research reports on various industries helping our clients in making strategic business decisions.

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