Heart Failure POC & LOC Devices Market

Heart Failure POC & LOC Devices Market by Test Types (Proteomic Testing, Metabolomic Testing, and Genomic Testing), Technology (Microfluidics, Array-based Systems, and Others), End-users (Clinics, Hospitals, Home, Assisted Living Healthcare Facilities, and Laboratory), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-1570
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 216
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global heart failure POC & LOC devices market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the extensive research and development programs of developing the novel LOC- based treatment methods and devices of cardiovascular diseases (CVDs).

Heart Failure POC & LOC Devices

Heart failure LOC and POC devices are used to detect various different biomarkers such as plasminogen activator inhibitor-1, fibrinogen, and cardiac troponin, which are used for the treatment of CVDs. With the expansion of technology capacity, the LOC technology is widely adopted for both POC treatment and central lab testing. Meanwhile, the POC tests are commonly available in the global market and are primarily conducted for the treatment of heart failure conditions.

Some conditions of heart failure are complex for the treatment as they tend to show non-specific symptoms and several diagnostic devices are required to detect the disorder. This leads to the surge in the demand for POC tests as these tests can offer a systematic approach for an effective treatment. The results of tests can help in the adoption of better decision making of an individual or a patient with the risk of heart disorder about the possible treatment. With the rising demand for effective diagnostic and treatment devices of heart failures, several manufacturers are engaged in strategizing with various hospitals and insurance companies for offering effective reimbursement for multi-analyte POC tests. The COVID-19 situation has boosted the development scope for the market due to increase in the number of heart disorders with COVID-19 medications.

Market Trends, Drivers, Restraints, and Opportunities

  • Introduction of innovative LOC technology offers to improve the disease treatment and availability of cost-effectiveness and ease-of-operation technology are expected to boost the market in the coming years.
  • Various healthcare initiatives and awareness programs from government authorities to educate heart patients for the adoption of several measures to overcome or prevent the diseases are key factors driving the market expansion.  
  • Availability of POC devices that facilitate self-testing at home settings and improving patient care in clinics present major drivers for the market.
  • Absence of a well-defined remuneration for the POC devices and expensive treatment using the devices are restraining the market growth to a certain extent.
  • Ongoing R&D programs and clinical research with regard to establishing the role of metabolomics, proteomics, and genomics in cardiovascular events are projected to offer lucrative opportunities for market expansion.

Scope of the Report

The report on the global heart failure LOC & POC devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Heart Failure LOC & POC Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Test Types (Proteomic Testing, Metabolomic Testing, and Genomic Testing), Technology (Microfluidics, Array-based Systems, and Others), and End-users (Clinics, Hospitals, Home, Assisted Living Healthcare Facilities, and Laboratory)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Abbott; Trinity BiotechInstrumentation Laboratory; Abaxis, Inc.; Danahar; Siemens Healthineers; Quidel Corporation; bioMérieux S.A; and F. Hoffmann-La Roche Ltd.

 

Market Segment Insights

Proteomic testing segment is expected to account for a key share

Based on test types, the global heart failure LOC & POC devices market is divided into proteomic testing, metabolomic testing, and genomic testing. The proteomic testing segment is expected to account for a key share of the market during the forecast period owing to high demand for the test type. A large number of POC devices are used for testing of protein marker, which acts as a key driver for the segment growth. However, the metabolomic testing segment is anticipated to expand at a rapid pace during the forecast period as most of the companies have targeted this biomarker, taking it as a major revenue-generating segment.

Heart Failure POC & LOC Devices Market

Array-based systems segment is projected to expand at a considerable CAGR

On the basis of technology, the market is segregated into microfluidics, array-based systems, and others. The microfluidics segment is projected to constitute a large market share in the coming years as microfluidic biosensors are extensively used to increase the functional protocols waged in central laboratories. It also offers certain benefits such as less time consumption of sample testing and fast turnaround result, which is anticipated to further boost the segment growth. However, the array-based systems segment is projected to expand at a considerable CAGR during the forecast period due to growing development of innovative techniques for the system.

Heart Failure POC & LOC Devices Market

Clinics segment is expected to exhibit a considerable growth rate

Based on end-users, the global heart failure LOC & POC devices market is categorized as clinics, hospitals, home, assisted living healthcare facilities, and laboratory. The clinics segment is expected to exhibit a considerable growth rate in the market during the projected period as clinics are providing POC devices at a large scale for timely treatment. Such facilities can help to make informed decisions for the treatment of heart failure conditions and leading to find the effective end users setting. However, the hospitals segment is anticipated to grow at a robust pace during the forecast period owing to availability of advanced treatment devices and presence of specialized medical staffs including doctors and physicians in hospitals. 

Heart Failure POC & LOC Devices Market

 

North America is anticipated to constitute a key market share

In terms of regions, the global heart failure LOC & POC market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to constitute a key market share of the market in the coming years since it generates a substantial organic revenue share due to major participation by competitors. Early adoption of advanced medical technology and rising development of new technology from key regional players for the development of heart failure treatment devices are key drivers for the market growth in the region. Furthermore, the presence of major global players especially in the US is projected to boost the regional market growth in the coming years.

The market of Asia Pacific, on the other hand, is anticipated to register a significant growth rate during the forecast period owing to rising standards of medical practice and developing state-of-the-art infrastructure in the region. Additionally, the growing shift from major players in the investment from infectious to chronic diseases such as cardiac ischemia, myocardial infarction, and, acute coronary syndrome, have boosted the regional market growth.

Heart Failure POC & LOC Devices Market

Segments

Segments Covered in the Report

The global heart failure LOC & POC market has been segmented on the basis of

Test Types

  • Proteomic Testing
  • Metabolomic Testing
  • Genomic Testing

Technology

  • Microfluidics
  • Array-based Systems
  • Others

End-users

  • Clinics
  • Hospitals
  • Home
  • Assisted Living Healthcare Facilities
  • Laboratory

 Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Abbott
  • Trinity BiotechInstrumentation Laboratory
  • Abaxis, Inc.
  • Danahar
  • Siemens Healthineers
  • Quidel Corporation
  • bioMérieux S.A
  • F. Hoffmann-La Roche Ltd.

Competitive Landscape

Key players competing in the global heart failure LOC & POC market are Abbott; Trinity BiotechInstrumentation Laboratory; Abaxis, Inc.; Danahar; Siemens Healthineers; Quidel Corporation; bioMérieux S.A; and F. Hoffmann-La Roche Ltd.

Some of these key players are consistently engaged in various business development strategies such as entering in the process of collaborations with other players, launching of new products, and expansion of production capacities to get enhance their product portfolio and increase their POC devices sale.

Heart Failure POC & LOC Devices Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heart Failure POC & LOC Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Heart Failure POC & LOC Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Heart Failure POC & LOC Devices Market - Supply Chain
  4.5. Global Heart Failure POC & LOC Devices Market Forecast
     4.5.1. Heart Failure POC & LOC Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Heart Failure POC & LOC Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Heart Failure POC & LOC Devices Market Absolute $ Opportunity
5. Global Heart Failure POC & LOC Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Heart Failure POC & LOC Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Heart Failure POC & LOC Devices Demand Share Forecast, 2019-2026
6. North America Heart Failure POC & LOC Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Heart Failure POC & LOC Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Heart Failure POC & LOC Devices Demand Share Forecast, 2019-2026
7. Latin America Heart Failure POC & LOC Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Heart Failure POC & LOC Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Heart Failure POC & LOC Devices Demand Share Forecast, 2019-2026
8. Europe Heart Failure POC & LOC Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Heart Failure POC & LOC Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Heart Failure POC & LOC Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Heart Failure POC & LOC Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Heart Failure POC & LOC Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Heart Failure POC & LOC Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Heart Failure POC & LOC Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Heart Failure POC & LOC Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Heart Failure POC & LOC Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Heart Failure POC & LOC Devices Market: Market Share Analysis
  11.2. Heart Failure POC & LOC Devices Distributors and Customers
  11.3. Heart Failure POC & LOC Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Abbott Trinity BiotechInstrumentation Laboratory Abaxis, Inc. Danahar Siemens Healthineers Quidel Corporation  

Segments Covered in the Report

The global heart failure LOC & POC market has been segmented on the basis of

Test Types

  • Proteomic Testing
  • Metabolomic Testing
  • Genomic Testing

Technology

  • Microfluidics
  • Array-based Systems
  • Others

End-users

  • Clinics
  • Hospitals
  • Home
  • Assisted Living Healthcare Facilities
  • Laboratory

 Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Abbott
  • Trinity BiotechInstrumentation Laboratory
  • Abaxis, Inc.
  • Danahar
  • Siemens Healthineers
  • Quidel Corporation
  • bioMérieux S.A
  • F. Hoffmann-La Roche Ltd.

Key players competing in the global heart failure LOC & POC market are Abbott; Trinity BiotechInstrumentation Laboratory; Abaxis, Inc.; Danahar; Siemens Healthineers; Quidel Corporation; bioMérieux S.A; and F. Hoffmann-La Roche Ltd.

Some of these key players are consistently engaged in various business development strategies such as entering in the process of collaborations with other players, launching of new products, and expansion of production capacities to get enhance their product portfolio and increase their POC devices sale.

Heart Failure POC & LOC Devices Market

Buy Report