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Point of care Diagnostics Market Size worth USD 36.21 billion by 2028 | Size, Share, Growth, Trends & Forecast

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Pune, India, Jan. 31, 2022 (GLOBE NEWSWIRE) — The global Point of care Diagnostics Market size is projected to reach USD 36.21 billion by 2028, exhibiting a CAGR of -1.9% during the forecast period. The prevalence of several chronic disorders and the incorporation of nanotechnology in diagnostic kits are likely to fuel market growth. Fortune Business Insights™ provides this information in its report titled “Point of care Diagnostics Market, 2021-2028.

Point of care diagnostics are medical tools that are used to cure disorders within patients and ensure a quick recovery. The rising cases of chronic disorders among the population are likely to fuel diagnostic tools’ adoption. As per the information provided by the World Health Organization (WHO) nearly all people globally were affected by tuberculosis in 2019. WHO also reported a fatality of nearly 1.4 million people during 2019. Further, the incorporation of nanotechnology is expected to boost POC diagnostics quality and improve sales. Nanotechnology boosts effectiveness and speeds up the recovery process, which, in turn, may increase the product’s adoption from medical professionals and hospitals. These factors may boost the market progress during the upcoming years. 

Request a Sample Copy of the Global Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/point-of-care-diagnostics-market-101072

Industry Development

August 2021: Mylab Discovery Solutions and Hemex Health engaged in a partnership with each other for the development of advanced diagnostic tools for testing chronic diseases and COVID-19.

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Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR -1.9%
2028 Value Projection USD 36.21 Billion
Base Year 2020
Market Size in 2020 USD 41.49 Billion
Historical Data for 2017 to 2019
No. of Pages 116
Segments covered Product, End-Users and Geography
Growth Drivers Demand for POC Kits in Disease Management of COVID-19 Infection to Expand Business Prospects
Integration of Nanotechnology in Rapid Diagnostics to Drive Market Growth
Growing Prevalence of Chronic and Infectious Disease to Fuel Demand for Rapid Diagnosis

Developed Patient Based Treatment and Launch of Advanced Diagnostic Solutions to Foster Growth

The rapid incline in chronic disorders is likely to fuel demand for point of care (POC) diagnostics tools. As per the Centers for Disease Control and Prevention (CDC)’s information nearly 115,045 syphilis cases were reported in 2018. Heavy investments in the development of medical and healthcare technology are likely to fuel the product’s adoption. Manufacturers focus on the development of patient-based treatment procedures to improve the effectiveness of diagnostic procedures. For example, Abbott launched its Afinion HbA1c Dx assay in June 2019 and is the first of its kind POC diagnostics test that is approved by the U.S. Food and Drug Administration (U.S. FDA) for diabetes diagnostics. In addition, the launch of advanced POC diagnostic solutions is likely to attract significant demand. These factors are likely to fuel point of care diagnostics market growth. 

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/point-of-care-diagnostics-market-101072

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Robust Demand for Diagnostic Tools from Healthcare Sector to Boost Market Progress

This market is likely to grow positively during the COVID-19 pandemic because of the rising demand for effective medical diagnostic tools from the healthcare sector. Increasing COVID-19 cases and the emergence of several organ failures is likely to fuel the product’s demand. Increasing investments in healthcare tools’ development are likely to fuel diagnostics tools’ adoption. Manufacturers focus on incorporating stringent sanitization methods and automated production techniques to avoid virus spread. Further, the adoption of reduced capacities and part-time shifts may enable manufacturers to control virus spread and recover losses. These factors are likely to fuel the market growth during the pandemic. 

Adoption of Advanced Medical Diagnostic Solutions is Likely to Foster Market Growth in North America

North America is projected to dominate the Point of care Diagnostics Market share because of the rising demand for advanced medical diagnostic solutions. The market in North America stood at 14.09 billion in 2020 and is projected to grow rapidly during the upcoming years. Increasing investments in the healthcare sector are likely to boost POC diagnostics demand. In addition, strategic collaborations between major players are likely to fuel industry progress. 

Quick Buy Point of Care Diagnostics Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101072

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Major Players Announce Innovative Products to Expand Market Reach 

The prominent companies operating in the market announce innovative products to satisfy consumer demand and expand their market reach considerably. For example, Cepheid declared that it is developing Xpert Xpress, SARS-CoV-2/Flu/RSV four-in-one test for the detection of RSV, Flu B, Flu A, and SARS-CoV-2 using a single patient’s sample. This development may enable the company to develop solutions that attract consumer demand and help them to expand their market reach. Further, investments in research and development may enable companies to improve their solutions and utilize nanotechnology, artificial intelligence, and machine learning technologies to improve their product’s effectiveness. This strategy may enable them to improve their brand image drastically. 

Highlights of the Report

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

List of Key Players Profiled in the POC Diagnostics Market Report

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  • F. Hoffmann-La Roche Ltd (Basel, Switzerland)
  • Thermo Fisher Scientific Inc. (Massachusetts, U.S.)
  • Abbott Laboratories (Illinois, U.S.)
  • Quest Diagnostics Incorporated (New Jersey, U.S.)
  • BD (Franklin Lakes, U.S.)
  • bioMérieux SA (Marcy l’Etoile, France)
  • Cardinal Health, Inc. (Ohio, U.S.)
  • Mesa Biotech (California, U.S.)
  • Cepheid (California, U.S.)
  • Trinity Biotech (Bray, Ireland)
  • Quidel Corporation (San Diego, U.S.)
  • Bio-Rad Laboratories Inc. (California, U.S.)

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Mainland China-Hong Kong ETF Connect Marks Two Years of Strengthened Market Integration, Expansion Expected to Boost Investment Options and Liquidity

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GUANGZHOU, China, July 8, 2024 /PRNewswire/ — On July 4th, the ETF Connect Program, which facilitated two way capital flows between mainland China and Hong Kong for eligible ETFs, celebrated its two-year anniversary. Over the past two years, the program strengthened its position in deepening the integration of the two capital markets, the number of eligible ETFs increasing from 87 to 151 since launch and the monthly Northbound trading volume rising from US$55 million to US$2.98 billion in June this year.

According to Hong Kong Stock Exchange, the current eligible ETFs consist of 84 listed on Shanghai Stock Exchange, 57 listed on Shenzhen Stock Exchange, and 10 listed on Hong Kong Stock Exchange. Among them, E Fund Management (“E Fund”), the largest fund manager in China, has a total of 14 ETFs included, covering a variety of indexes, including broad-based indexes such as CSI 300 Index and STAR 50 Index, thematic index such as CSI Artificial Intelligence Index, and strategic index such as CSI Dividend Index. Additionally, the average management fee of these offerings was less than 0.3% per annum, underscoring E Fund’s dedication to empower foreign investors to diversify their assets across both Hong Kong and mainland China markets in an efficient and cost-effective manner.
The scope of the program is expected to see significant expansion on July 22nd. It is believed that this expansion will serve offshore investors seeking exposure to A-share capital market with enhanced investment choices, and increase liquidity and trading activity of relevant ETFs in the same time.
About E FundEstablished in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive fund manager in China with close to RMB 3.3 trillion (US$ 454 billion) under management. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.
Note: As at Jun 30, 2024. AuM includes subsidiaries. Source: PBoC, Wind.
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Artificial Intelligence

Revolutionizing EV Charging: Emobi and Autocrypt Unveil First US-based Plug & Charge Ecosystem Powered with AI

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SAN FRANCISCO, July 8, 2024 /PRNewswire/ — Emobi and Autocrypt today announced the first US-based Plug & Charge ecosystem, set to revolutionize electric vehicle (EV) charging with artificial intelligence (AI).

In June 2023, Autocrypt, a global leader in automotive cybersecurity, partnered with Emobi, a US-based e-mobility hub, to develop a secure communication framework for EVs and charging stations based on ISO 15118-2 and ISO 15118-20 standards. The collaboration has focused on building a robust Public Key Infrastructure (PKI) utilizing fine-tuned AI and machine learning models to address errors and data inconsistencies prevalent in traditional Plug & Charge systems.
The Plug & Charge ecosystem enables EV drivers to start charging at any station simply by plugging in their vehicle. Through asymmetric encryption technology, the chargers automatically identify the EV and securely process the payment of the EV charging session. Unlike other Plug & Charge services, this is the first Plug & Charge ecosystem headquartered in the United States, ensuring data security and compliance with the US government. Additionally, it features an intelligent error-handling system that addresses edge cases in ISO 15118 standards, setting a new benchmark for the industry.
Throughout this collaboration, Emobi has worked closely with the U.S. Department of Energy (DOE) Argonne National Laboratory to ensure that findings from this ecosystem contribute to the National Charging Experience (ChargeX) Consortium, funded by the Joint Office of Energy and Transportation of the United States.
“Security in EV charging infrastructure enhances openness while providing better control,” said Sean HJ Cho, President of Autocrypt North America. “By combining our PKI technology with Emobi’s expertise in AI and machine learning, we are bringing a secure yet innovative Plug & Charge solution to market, creating an unrestricted charging environment that ensures convenience, precision, and security throughout the entire charging and payment processes.”
Lin Sun Fa, CEO of Emobi, added, “The focus is to enable EV automakers, charger operators, and e-mobility service providers to continue building their products without being hindered by edge cases and constantly evolving standards. We are leveraging AI and Autocrypt’s PKI technology within the existing ISO 15118 standards, ensuring ease of implementation while improving charging infrastructure quality and security.”
About Autocrypt Co., Ltd.
AUTOCRYPT is the industry leader in automotive cybersecurity and connected mobility technologies. The company specializes in the development and integration of security software and solutions for in-vehicle systems, V2X communications, Plug&Charge, and mobility platforms, paving the way towards a secure and reliable C-ITS ecosystem in the age of software-defined vehicles. AUTOCRYPT also provides consulting and testing services along with custom solutions for UN R155/156 and ISO/SAE 21434 compliance.
About Emobi
EMOBI is the EV charging ecosystem that powers hundreds of e-mobility businesses with AI. The ecosystem offers instantaneous access to a vast network of EV charging networks and e-mobility partners, while ensuring superior data quality through its refinement models. With over 120,000 connected charging ports in the United States and Canada, Emobi has established itself as the largest roaming hub in North America powered with AI. In addition, Emobi has garnered trust in the e-mobility market, advising leading EV manufacturers, e-mobility enterprises, startups, utilities, and esteemed U.S. Government Agencies like the Department of Energy (DoE) and the Department of Transportation (DoT).

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Outfit7 Brings Iconic “La Bamba” song to My Talking Hank: Islands

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Get Ready to island hop with “La Bamba” in the new trailer for My Talking Hank: Islands!
LIMASSOL, Cyprus, July 8, 2024 /PRNewswire/ — Outfit7 has secured the license to use the iconic song “La Bamba” for promotion of their game, My Talking Hank: Islands. Featured in the brand new trailer that debuted last week, the song adds a feel-good vibe to the latest major release from Talking Tom & Friends.

 
 
This winning combo expresses just how much Outfit7 loves mixing pop culture with fun gameplay to make things more exciting for players. “‘La Bamba’ isn’t just a catchy tune; it sets the whole mood!” said Helder Lopes, VP of Creative Functions and R&D at Outfit7. “It really taps into the adventurous, explorative spirit of My Talking Hank: Islands.”
My Talking Hank: Islands launches players into a colorful island world filled with secrets, treasures, and friendly animals eager to befriend you. It’s not just a game; it’s an invitation to discover an island filled with excitement and mystery. The trailer featuring “La Bamba” is available on various digital platforms, including YouTube, the game’s official website, and Outfit7’s social media channels. For the first month after release, players can also watch the trailer through the in-game cinema feature, which can be found in Hank’s Tree House!
Get ready to set sail with “La Bamba” as your soundtrack! Dive into the fun today and check out the brand-new trailer on YouTube, on the game’s official website, and Outfit7’s social media channels.
For more details and to view the trailer, please visit HERE. To download the game, click HERE.
ABOUT OUTFIT7: Outfit7 Limited is a dynamic force in mobile gaming, reaching a global audience of billions with its award-winning games. Powered by creativity and industry-leading expertise, the company’s talented international team of over 400 people pushes the boundaries of the possible every day. Outfit7’s 20+ games have now been downloaded worldwide over 23 billion times and up to 470 million fans play with them every month. Its portfolio also includes numerous chart-topping animated series, theme parks, and a licensing program. You can find more information at www.outfit7.com.
Photo – https://mma.prnewswire.com/media/2454789/Outfit7.jpg
 

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