by lica smith
Artwork: Emergen Research
Copyright © 2022
The global Point of Care Testing Market is expected to reach USD 57.08 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing government initiatives and support, such as favorable policies and regulations regarding the adoption of Point of Care (POC) testing product. Besides, the emergence of next-gen POC testing devices such as smartphone based devices and cost-effective wearable glucose meters are also contributing to the growing sales of the market. Increasing research and development for the production of technologically advanced, cost-effective, and user-friendly product is augmenting the demand for the industry.
Due to the pandemic, a huge number of kits and rapid tests have been manufactured, which have uplifted the demand of the POC testing product. Covid-19 is a significant contributor to the increase in the POC testing product’s revenue as a massive number of Covid-19 screenings are being performed in the affected areas.
To identify the key trends in the industry, click on the link below: https://www.emergenresearch.com/industry-report/point-of-care-testing-market