Global POCT Market to Expand Rapidly at a CAGR of 9.7% From 2015 to 2020, According to TrendForce 02-07-2017 /
The aging of the world's population has led to steady annual increases in the number of patients suffering chronic diseases. With demand for long-term care of chronic diseases on the rise, the point-of-care testing (POCT) market has also experienced a boom. "Compared with other types of medical devices, POCT has experienced exceptional market growth recently," said Julie Wun, TrendForce biotechnology analyst. "The global market scale of POCT devices is projected to increase at a CAGR of 9.7% from 2015 to 2020. TrendForce's latest analysis also estimates that the global POCT market reached U$$17.8 billion in 2016. By 2020, the market scale will come to around US$25.6 billion."
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Gene Sequencing Market to Expand Rapidly at CAGR of 13.5% from 2015 to 2020, Says TrendForce 10-19-2016 /
Precision medicine is one of the hottest field within the biotechnology sector and has attracted considerable investments by national governments worldwide. The basis of development in the field of precision medicine is gene sequencing. “Owing to major initiatives in many countries, the global market scale of next-generation sequencing (NGS) instruments and reagents will expand rapidly at a CAGR of 13.5% in the 2015~2020 period, from US1.8 billion to US$3.35 billion,” said Sean Liu, biotechnology analyst for TrendForce. [ more ]