Global POC Lipid Testing Market 2017-2021

Global POC lipid testing market forecasts

As per the Technavio’s market research report, the global POC lipid testing market is expected to grow at a steady rate and post a CAGR of more than 6% during the forecast period. The increasing healthcare expenditure and the availability of reimbursement policies will drive the growth prospects for the global point-of-care (POC) lipid testing market till 2021. Factors such as improvements in technology, provision of cheap medical solutions, and the availability of high-quality medication solutions, will contribute to the growth of the global POC lipid testing market. The availability of reimbursement policies for POC lipid testing and the approval of the Clinical Laboratory Improvement Amendments (CLIA) to obtain these reimbursements are the major market drivers. Furthermore, efforts taken by the governments to reduce the length of hospital stay and curb the healthcare expenditure by using average length of stay (ALOS) as an indicator of efficiency, will also fuel the adoption rate of POC lipid testing solutions and point of care testing devices among patients.

Based on the POC lipid testing industry analysis, the Americas was the highest revenue contributor for the global POC lipid testing market during 2016. The region will continue to dominate the point of care testing devices market for the next four years as well since some instruments are available only in countries such as the US where the headquarters of all major manufacturers are established.

Competitive landscape and key vendors