Point-of-care testing (POCT) is defined as medical testing at or near the site of patient care. The driving notion behind POCT is to bring the test conveniently and immediately to the patient. This increases the likelihood that the patient, physician, and care team will receive the results in a time.
The market for point-of-care (POC) tests has almost doubled from 2003 to 2009, according to a new report published by Kalorama Information. With the ability to help reduce healthcare costs while simultaneously improving patient care, POC tests represent a significant and growing share of the global in vitro diagnostics (IVD) market, according to Kalorama. In its report Worldwide Point of Care Diagnostic Test Markets, Kalorama values the market for combined over-the-counter and professional applications of point-of-care testing at $13.3 billion worldwide in 2009.