PORTLAND, Oregon and PUNE, India, November 23, 2016 /PRNewswire/ -- A new report published by Allied Market Research titled, " Point of Care DiagnosticsMarket -Global Opportunity Analysis and Industry Forecasts, 2014 -2022", projects that the global point of care diagnostics market size would reach $43,336 million by 2022 from $22,975 million in 2015, growing at a CAGR of 9.4% from 2016 to 2022. Glucose monitoring kit was the leading segment in 2015 and is expected to continue dominance throughout the forecast period. North America would continue its lead, accounting for more than two-fifths share of the global point of care diagnostics market in 2015. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of thePoint of Care Diagnostics MarketReport can be accessed on the website at:https://www.alliedmarketresearch.com/point-of-care-diagnostics-market Rising prevalence of various infectious diseases and several initiatives implemented by government and non-government associations for rise in health awareness around the world are the factors majorly driving the point of care diagnostics market growth. The technological advancements in point of care diagnostic devices, introduction of home-based point of care devices; and increase in healthcare expenditure also support the growth of the global point of care diagnostics market. However, stringent government regulations for the product approval and reimbursement issues for the point of care devices restrict the market growth. In 2015, the glucose monitoring kit segment accounted for over 40% share of the point of care diagnostics industry. Increase in demand for point of care glucose monitoring kits for the management of diabetes, and increase in prevalence of diabetes with rise in geriatric population & changes in lifestyle are the major factors that attribute to the high growth of this market. The infectious disease testing kits is the fastest-growing segment and is projected to register a CAGR of 13.1% during the forecast period. This is due to the growth in demand for point of care diagnostics in the diagnosis of various infectious diseases, which include tuberculosis (TB), HIV, influenza, and others.