Point of care (POC) diagnostics comprises of diagnostic tests that are performed at the patient site. POC diagnostics provides fast results which in turn help in faster patient management. The present POC diagnostics market already sports a number of products with several new products in the development stage. The worldwide diagnostics market is experiencing an urgent need for inexpensive POC tests for the diagnosis of infectious diseases. Such tests are of significant help where the available laboratory capacity is limited.

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Development and introduction of new POC diagnostic methods demand effort and coordination among researchers, healthcare practitioners, and product manufacturers. POC tests bypass the need for high-end diagnostic systems for the diagnosis of infections and other healthcare needs such as blood glucose measurement. Diagnostics play a vital role in taking treatment decisions and consume a significant portion of the overall healthcare costs. Thus, in resource-limited areas, 

POC diagnostics may help in taking efficient treatment decisions with minimum costs.

The overall POC diagnostics market can be classified on the basis of prime technologies used in its applications such as biosensors, electrodes, continuous testing, rapid HIV tests, drug testing, and patent analysis. The major product segments of this market are blood glucose monitoring systems, pregnancy and fertility diagnosis systems, blood chemistry and electrolyte systems, drug and alcohol analysis systems, cholesterol measurement systems, homeostasis measurement systems, tumor markers, urine chemistry systems, and some others.

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North America is the leading geographical market for POC diagnostics and is followed by Europe. Improvement in the healthcare infrastructure and increase in healthcare expenditure of emerging countries of Asia-Pacific will also contribute to the demand for POC diagnostic products.

Some of the major players in this industry are Abbott Laboratories, Beckman Coulter, Inc., Becton, Dickinson and Company, Nipro Diagnostics, Johnson & Johnson, and Siemens Medical Solutions.

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The growing need to treat wastewater in order to make it usable for drinking and other purposes is propelling the growth of the ozone generation technologies market. Ozone technologies disinfect air/gas and wastewater (industrial and municipal), which can be further used for various purposes. 

The global market is expected to witness steady growth over the next six years. Some of the major factors driving the demand for ozone generation technologies include water scarcity and the growing need to conserve natural water and treat wastewater. Favorable regulatory norms are also expected to contribute to increased profitability for stakeholders.  However, lack of awareness regarding the benefits of this technology in a few underdeveloped countries has been hindering market growth. 

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Rapid industrialization in the Asia Pacific region coupled with growing disposable incomes in emerging economies of China and India provide immense opportunities to major participants operating in the industry. China and India are the two fastest growing economies in the world, and their GDP growth rates are higher than the global average. Increasing number of industries in Asia Pacific induces more wastewater generation, which in turn escalates the need for water treatment via various means (including ozone generation technologies). 

Ozone generation technologies are generally used for treating water and air/gas. Among these applications, wastewater treatment accounts for approximately three fourth of the overall market. Treatment of air/gas is the fastest growing segment of the industry, and accounts for the remaining market share. 

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Some of the key market players include Absolute Ozone, Alab LLC, Apt Water, BWT Group, Del Ozone, Fuji Electric, Mitsubishi Electric Power Products, Inc., Norland International, and Nutech O3 among others.  

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

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