Point of care diagnostics market forecast to grow up to 9% annually to 2016

June 21, 2011 - PRLog -- According to a new report ‘Point of Care Diagnostics’  the point of care diagnostics market hit US$13.7 billion in 2010 and grew by 3% in comparison to 2009. The market has traditionally grown at a far stronger rate and this slowing is due to stagnation in  blood glucose testing because of weak pricing and volumes in the US. Excluding blood glucose, the market rose by 7% in 2010, driven by demand for cardiovascular testing products.

Annual market growth of 8 to 9% is forecast to 2016 due to a rising interest in the adoption of point of care technologies by both healthcare providers and consumers, and the introduction of new products that enable POC testing for more applications, enhance ease-of-use and improve on the accuracy of current products.

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