Increasing investments in RD for developing novel LOC-based devices and assays for detecting cardiovascular diseases are some key factors driving market revenue growth 

The global heart failure POC LOC devices market size is expected to reach USD 209.5 Million by 2028 and register a CAGR of 16.5% over the forecast period, according to the latest report by Reports and Data. Rising prevalence of cardiovascular diseases, increasing need for rapid diagnosis and treatment of diseases, and growing demand for inexpensive and portable biosensing devices are some key factors fueling global market revenue growth. 

Lab-on-chip (LOC) technique is capable of enhancing disease diagnosis due to its features including easy operation, high throughput, and rapid results. POC testing finds application across various settings such as hospitals, clinics, remote areas, and general practice. Another factor supporting market growth is development of predictive modeling technique-based decision support tools to analyze data measured by LOC assays. In addition, increasing investments in diagnostics, rising funding for study of cardiovascular and heart diseases, and integrating mobile applications in POC diagnosis to manage patient’s cardiac health is expected to boost global market growth in the coming years.   

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Market Dynamics:

According to the latest market research report by Reports and Data, the global pharma healthcare market is estimated to reach a market size of during the forecast period. Steady revenue growth of the global pharma healthcare market is primarily driven by factors such as rising prevalence of chronic and acute diseases across the globe, rise in global geriatric population, growing awareness of health wellness among the population, and growing need for advanced healthcare services. Other key factors providing impetus to the global market revenue growth are increasing availability of next-generation diagnostic solutions and treatment options – especially in developing countries around the world – growing demand for advanced drugs and therapeutics, rise in research development activities in the pharmaceutical and biotechnology industries, increasing public and private investments in the healthcare sector, and rising healthcare expenditure of consumers.

Market revenue growth is further driven by factors such as rising cases of COVID-19 worldwide, rapidly rising hospital admission rates, growing demand for rapid COVID-19 diagnostic test kits, increased government spending on COVID-19 vaccine development, increasing adoption of telehealth and telemedicine worldwide, and growing need for remote patient monitoring for geriatric patients.   

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Global Heart Failure POC LOC Devices Market Report: Regional Segmentation

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of Middle East Africa

Regional Overview of the Global Heart Failure POC LOC Devices Market:

The global Heart Failure POC LOC Devices market report covers the key regional markets including North America, Latin America, Asia Pacific, Europe, and the Middle East Africa. Under this section, the report highlights the major regions in the global Heart Failure POC LOC Devices market and discusses the regional market share, market size, revenue contribution, distribution channels, sales networks, and other key elements.

Top Players in the Global Heart Failure POC LOC Devices Market:

Abbott, Siemens Healthineers, Danaher, Instrumentation Laboratory, F. Hoffmann-La Roche Ltd., bioMérieux S.A., Abaxis, Inc., Quidel Corporation, Jant Pharmacal Corporation, and Trinity Biotech

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