Heart Failure POC & LOC Devices Market to be Boosted by Rising Incidence of Chronic Disease Worldwide

Heart Failure POC & LOC Devices
  • Heart Failure POC & LOC Devices Market

TheGlobalHeart Failure POC LOC Devices Marketsize is expected to grow fromUSD 55.9 Millionin 2021 toUSD 180.1 Millionby 2028 at aCompound Annual Growth Rate (CAGR) of 16.5%. Point-of-Care (POC) devices are used to obtain diagnostic results close to patients, while Lab-On-Chip (LOC) devices combine multiple laboratory functions in a single circuit for automatic delivery and advanced exit tests. Heart failure can be detected by POC tests, and LOC device technology can be monitored for both POC and mid-lab testing. An examination of the care facility detects heart symptoms and other important indicators over time, which helps to address the challenges of health inequality.

The Global Market forHeart Failure POC & LOC Devicesfor heart failure is driven by factors such as increased heart disease (CVDs), an increase in the number of elderly people, and an increase in R&D ofHeart Failure POC & LOC Devices. As the global burden of CVD increases, more research and development are needed to find effective drugs and diagnostic tools to delay the progression of CVD infections. The market forHeart Failure POC & LOC Devicesfor heart failure will be driven by increased R&D costs for heart and CVD in the future, as point-of-care (POCT) testing is an important technology in diagnosing such CVD heart failure. As a result, additional funding will improve the market forHeart Failure POC & LOC Devicesin the future. On the other hand, wrong return rules may prevent market expansion during speculation. Recovering from delays or shortages of diagnostic funds is a major obstacle to the growth of markets in many countries. Most of the time, compensation is provided through process or technology rather than value.

The Global Heart Failure POC & LOC Devices Market is divided into three types of tests. These consist of proteomic testing, metabolomic testing, and genomic testing. Due to the growing demand for biomarker testing using proteome testing, the proteomic testing phase retains the largest market share in 2021. The market is divided based on technology into microfluidics, array-based systems, and more. Microfluidic biosensors, which enable the integration and reduction of many operating systems used in central research facilities into a portable chip, held the highest share in 2021. On the basis of end-user, the market is segmented into hospitals and clinics, home-based care, specialized facilities, among other end-users. Due to the widespread use ofHeart Failure POC & LOC Devicesin the hospitals and clinics set, it dominated the segment.

Heart Failure POC & LOC Devices Markethas been studied in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. TheAsia Pacific is expected to grow with the highest CAGR during the forecast period. North America had a share of significant revenue due to the presence of major market participants in the United States, which contributed significantly to the growth of the Global Heart Failure POC & LOC Devices Market. In Asian countries, on the other hand, the demand for diagnostic services continues to rise.

TheHeart Failure POC & LOC Devices Markethas a valuable insight with an emphasis on the Global Market including some of the major players such asAbbott, Danahar, Siemens Healthineers, and F. Hoffmann-La Roche Ltd. Other emerging players such as Quidel Corporation, bioMérieux S.A, Trinity BiotechInstrumentation Laboratory, and Abaxis, Inc.