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Clinical diagnostics is a method of performing diagnostic tests by using instruments, assay reagents, and systems to identify a disease or pathological condition in a laboratory. As these diagnostic tools are easy to use and highly accessible, the market for clinical diagnostics in APAC is expected to surpass USD 16 billion by 2019. The advent of biomarker-based tests and the rising popularity of point-of-care (POC) tests in this region are expected to result in this market’s healthy growth during the forecast period.
Technavio’s market research analysts have estimated factors like the growing popularity of POC tests to impel market growth during the next five years. POC testing reduces the waiting time of test results and involves fewer or no follow up visits. Additionally, it improves the patient’s healthcare accessibility and also allows them to conduct tests by themselves with the help of some home-based health devices like ACCU-CHEK.
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