Rapidly improving healthcare infrastructure and facilities and rise in disposable incomes of people have propelled them to opt for better healthcare ailments to enjoy better life. The medical sector itself undergoes multiple advances in terms of technology, remote patient monitoring, and many more. The use of artificial intelligence and robotic technology with advanced machine learning has also helped the medical sector to come this far so soon. Physician office laboratories are also gaining immense popularity these days on account of the increasing patient pool rate, rising number of new disease discovery and the need to find better diagnostic solutions for the diseases.
A POL or physician office laboratory is used for testing and research purposes that are mostly used by solo or group of physicians on partnership basis to perform diagnostic testing of specimens. The main objective of these clinical laboratories is to prevent or treat impairment or diseases in a patient. These labs are regulated by either state or local or federal laws and comes under various regulations of the U.S. guidelines as well. POL testing depends on an emergency clinic framework for the diagnosis of acute and chronic medical conditions and therefore has a widely spread market in both emerging as well as well-developed nations. Among these, North America and Europe hold the highest market shares. However, Asia Pacific is likely to emerge as the fastest growing market on account of the increasing prevalence of infectious diseases, presence of a high geriatric population and their vulnerability to various chronic and acute diseases.
The increasing support from the latest technological advancements in the field of medical sciences will further help boost the global physician office laboratories market in the coming years. Creating areas, nonetheless, has been exhibiting the huge potential for decentralized testing, on account of the rising help from non-legislative associations and the expanding number of public health programs planned towards spreading mindfulness for high-trouble illnesses like HIV-AIDS, tuberculosis, diabetes, and hepatitis of different variations.