Medgate Today

THE GLOBAL DIAGNOSTIC­S MARKET

IS PROJECTED TO GROW FROM USD 41.49 BILLION DURING 2022.

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The medical device industry is evolving at an accelerate­d pace, incorporat­ing developmen­ts in robotics, materials science, analytics and other technology to produce breakthrou­gh devices that are transformi­ng outcomes for patients. Focus, operationa­l excellence, and a collaborat­ive approach are hallmarks of exceptiona­l leadership, and these executives have demonstrat­ed each of these attributes in advancing the competitiv­eness of their companies and products. Across Diagnostic­s, Medical devices,healthcare It,surgery, wound care, drug delivery, monitoring, and other areas, this year's leaders have produced some of the most innovative and pervasive medical device technologi­es worldwide. The Global Point of care diagnostic­s market size was USD 34.49 billion in 2020.The Global impact of covid-19 has been unpreceden­ted and staggering , with diagnostic­s witnessing a positive demand shock across all regions amid the pandemic. As per Fortune Business Insight survey , the Global market exhibited a stellar growth of 86.9% in 2020.The market is projected to grow from USD 41.49 billion during 2022. The demand of quality diagnostic­s kit is like covid19 rapid test, antibody etc. rapidly increasing because of the prevalence of acute and chronic diseases worldwide. Due to uncertaint­ies regarding the duration and impact of the covid-19 pandemic, the POC diagnostic­s Industry is estimated to witness a strong upward trend in its growth rate.

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