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Heart Failure POC and LOC Devices Market Size, Share, Growth and Trends, Report 2024-2031

09-05-2024 11:30 AM CET | Health & Medicine

Press release from: DataM Intelligence 4Market Research

Heart Failure POC and LOC Devices Market || 2024-2031

Heart Failure POC and LOC Devices Market || 2024-2031

Heart failure POC & LOC devices market is estimated to reach at a CAGR of 16.2 % during the forecast period (2024-2031).

The heart failure POC and LOC devices market encompasses technologies designed to diagnose, monitor, and manage heart failure conditions at various stages of patient care. These devices are used to provide real-time data and insights for effective treatment and management of heart failure, both in clinical settings and at the point of care.

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Market Dynamics:

The increasing demand for POC & LOC devices is expected to drive the market growth in the forecast period

Lab-on-chip (LOC) technologies are revolutionizing disease diagnosis with their ease of operation, rapid results, and high throughput capabilities. Point-of-care (POC) testing plays a crucial role in detecting cardiac markers and other time-sensitive factors, enabling more effective management of health issues. The demand for POC and LOC devices is driven by concerns over cardiovascular disease mortality and morbidity. Market growth is further fueled by an increase in the number of POC tests targeting various biomarkers and substantial investments from both private and public sectors in developing advanced devices.

Leading companies are anticipated to boost investments in enhancing POC and LOC products and integrating them with apps and smartphones to better manage patient cardiac health. For example, advancements in blood tests that measure biomarkers have significantly improved heart failure (HF) diagnosis, severity estimation, and adverse event prediction. The rapid measurement of biomarkers at the point of care underscores their importance in HF management. This progress is largely due to the development of portable point-of-care testing (POCT) devices that leverage microfluidics and nanotechnology.

The growing adoption of LOC devices is expected to drive market expansion in the coming years. LOC applications allow general practitioners and even patients to conduct tests immediately, promoting a trend toward increased self-reliance in healthcare. Additionally, LOC technology supports the development of personalized medicine, tailored to individual patient needs. The involvement of healthcare professionals in the design and development of new devices that address their requirements is likely to further enhance the use of LOC applications.

Segment Covered in the Heart Failure POC and LOC Devices Market:

By Test Type: Proteomic Testing, Metabolomic Testing, Genomic Testing.

By Technology: Microfluidics, Array-based Systems, Other.

By End User: Hospitals, Clinics, Home setting, others.

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Key players involved in Heart Failure POC and LOC Devices Market:

• F. Hoffmann-La Roche Ltd.
• Abbott
• Siemens Healthineers
• Quidel Corporation
• JantPharmacal Corporation

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Product Portfolio:

F. Hoffmann-La Roche Ltd.

Roche is a prominent leader in research-driven healthcare, excelling in both pharmaceuticals and diagnostics. Founded in 1896, Roche is a biotech company renowned for its expertise in several medical fields, including oncology, immunology, infectious diseases, ophthalmology, and neuroscience. The company is particularly noted for its pioneering work in diabetes management and is a global leader in in-vitro and tissue-based cancer diagnostics. Roche's extensive portfolio and innovative approaches have established it as a key player in advancing healthcare solutions worldwide.

Regional Analysis:

The global Heart Failure POC and LOC Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Heart Failure POC and LOC Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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