Middle East and Africa Point of Care Testing Market Size and Growth Rate:
The Middle
East and Africa (MEA) Point of Care
Testing Market was valued at USD 1.82 billion in 2018 with a CAGR of
9.32% by 2022.
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Africa Point of Care Testing Market
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Middle East and Africa Point of Care Testing Market overview:
Patient
management has been enhanced through the recognition of Electronic Medical
Records (EMR) through point-of-care diagnostics (PoC). PoC is defined as a
medical device used to obtain immediate results in research of various diseases
such as cancer, diabetes and heart disease. The demand for devices is expected
to increase due to the continued development of R&D activities for the
miniaturization of molecular and special diagnostic tests. There will be an
increase in growth by improving automation laboratory technology and
introducing advanced and cost-effective medical solutions.
Middle East and Africa Point of Care Testing Market Growth Drivers and Restraints:
Another
factor that helps the MEA market to develop tremendously is the technological
advances that have developed in the medical field for many years. Automated lab
systems and highly integrated solutions facilitate diagnostic workflows,
facilitating the adoption of diagnostic and test products as needed. Some
initiatives by governments and non-governmental organizations to strengthen
trends in various epidemics and improve health literacy are also improving
market growth across this region. Main technical advances in diagnosis,
introduction of basic essences at home; and rising medical costs are also
supporting the growth of the MEA medical diagnostic market. This equipment is
particularly easy to use due to the lack of diagnostic specialists and medical
staff.
However,
government regulations on product approvals and reimbursements for
point-of-service devices significantly restrict market growth. It is expected
that research and development activities among PoC devices for rapid detection
and control of key people and diseases introducing new inspections will be the
driving force behind industrial development. Market participants are constantly
focusing on research and development to help grow the regional market through
the innovation of new, more efficient and new devices.
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Middle East and Africa Point of Care Testing Market Geographical Segmentation:
Countries
in the Middle East and Africa, such as Saudi Arabia and the United Arab Emirates,
should provide easy access to the market and growth over the forecast period.
In addition, the break-down of the Middle East Respiratory Syndrome (MERS) in
2018 was one of the key factors in the growth of the PoC texting market in this
region.
Key Players of the Middle East and Africa Point of Care Testing Market:
The main
players in the market are Danaher Corporation; F. Hoffmann-La Roche Ltd; Abbott
Laboratories; Instrumentation Laboratory SpA; bioMérieux SA; Trividia Health,
Inc.; QIAGEN; Becton Dickinson & Company; New Biomedical Sciences; Sekisui
Diagnostics LLC; I Siemens Healthcare GmbH; Quidel Corporation.
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