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Mayur Jain

Rising Demand for Point-of-Care Testing and Significant Return on Investment: Key Driving Factors of the Microfluidics Market

Rising Demand for Point-of-Care Testing and Significant Return on Investment: Key Driving Factors of the Microfluidics Market

Rising demand for point-of-care testing

The rising prevalence of lifestyle-related & infectious diseases and an increasing preference for self-testing are driving the global point-of-care diagnostics market. In addition, growing private investments and the availability of venture funding for the development of new products, coupled with government support for improving the adoption of POC devices, are further supporting the growth of the POC diagnostics market. The rising incidence and prevalence of various diseases, coupled with product miniaturization and the decentralization of healthcare, are the major factors that are expected to offer significant growth opportunities to players operating in the POC diagnostics market. (more…)