PoC Platform & Technology Market to Surpass US$ 45.4 Billion by 2025

The point-of-care platforms and technologies have significantly contributed to the transformation of healthcare landscape by bringing rapid diagnosis and monitoring tests closer, and making it more convenient for healthcare providers and patients. The test results obtained by electronic health records (EHR) assists in quicker diagnosis leading to faster decision making and early treatment onset. The POC tests and devices help alleviate various pain points of hospital-based healthcare providers who are under constant pressure for delivering cost and time efficient care that enhances treatment outcomes of patients. These rapid POC tests address the issues of latency in test results by facilitating accurate evidence-based triage and diagnostic decisions within fraction of time when compared to the time taken by centralized laboratory tests.

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POC devices allow medical professionals to make decisions in patient’s vicinity, which results in significant healthcare delivery with faster results and immediate clinical management. The novel point-of-care tests (POCTs) offer diagnostic techniques for the prevention and treatment of infectious diseases such as HIV, Hepatitis B Virus, and chronic diseases such as diabetes, cancer, and cardiovascular disorders. According to the International Journal of Nanomedicine, in 2017, around 36.7 million people were affected by Human Immunodeficiency Virus (HIV) and around 400 million people were affected by viral hepatitis across the globe.

The survey also stated that with no reliable treatment for HIV infection, early diagnosis is a critical factor in managing AIDS patients, as it is a major cause for morbidity and mortality globally. Furthermore, the point-of-care technologies have enabled efficient monitoring of heart rate, inflammation threats, and heart failure that can potentially avert complications, reduce economic burden, and improve patient care across diverse medical and home care settings. According to the American Heart Association, cardiovascular diseases account for 17.3 million deaths per year globally and by 2030, around 23.3 million people are expected to die from CVD.

Increasing cancer and diabetes incidences is one of the major factors driving demand for point of care diagnostic tools and assays. Monitoring of glucose, hemoglobin, ketones, and other factors allows prevention and early detection of diabetes-related acute and chronic complications, and has a positive impact on the process of care and management of patients with diabetes. According to National Cancer Institute, in 2016, around 16.8 million new cases of cancer were diagnosed in the U.S., with around 595,690 deaths from the same disease. The number of people suffering from cancer is expected to rise to 19 million by 2024. According to the Global Diabetes Community, in 2017, around 422 million adults suffer from diabetes globally, where the number is expected to escalate to 642 million by 2040.

Trading Capital And Income Calculation

One of the questions that I get asked often at training seminars is about how much capital is required for trading and how much money one could make as a day trader. While the right answer to this is No Limit, lets try finding a more practical answer.

Knowing that the market is a place of almost infinite wealth potential, how do I set a practical figure to what I should be earning? I suggest that the best way to find that out is to look at what your qualification can get you as a salary if you were to hold down a job. Or maybe if you are not qualified enough to get a good well-paying job, then look at what some others are earning in some small business that you feel you could do as well. Lets peg that amount to 50000 per month. This is a reasonable middling amount that most beginners would make. If your averages are higher you can always rework the math. Your trading income should be equal to this.

Let us assume that we shall trade 3 times a week. That is about 12 sessions in a month. So this gives us about 4000 to be made as profits per session. The daily volatility of any stock or index is about 1 to 1.5%. Assuming a stock priced around 300-400, this would mean an average daily movement of about 4-6 points. Most of such stocks would have a trading lot size of 1000 shares. So you would need to trade one lot to capture the kind of profits that we have set out to do so. That would require you to fund the account with a margin of about 50K (minimum) to 100K.

Now let us look at the risk part of it. Normally any trading method would suggest a stoploss on such a stock at around 1%. So that would be 3-4 points of risk, making the trade a 1:1 payoff in terms of a risk to reward. This is acceptable (and cannot be less). Now if I decide not to risk more than half a percent of my capital on every trade, then my capital has to be around 1 lac (at 4000 risk per trade). Setting this kind of risk parameter will allow you to have a losing streak of 25 trades before your capital gets wiped out. While such runs are indeed possible, the probability is low.

What about the losses that shall inevitably occur? Well, that is a function of your trading method and its efficacy. It is presumed in the above calculation that you have finalised a trading method that has a positive expectancy. Higher that number the better the system. Idea here is that one should persist with the method (since it has a positive expectancy) and the method itself should produce sufficient number of trades to ensure the profit target. To illustrate, we need 12 winning trades to reach our profit goal. If the system is operating at 40% efficiency ratio, then the system will have to throw up at least 30 trades within a month. Assuming that losing streak runs shall be larger, the system will probably have to generate between 35-40 trades per month for the profit goal to be reached. This trade requirement can then be used to decide what time frame chart is to be used to produce the trades. The overall drawdown of the system as well as the number of negative runs shall also decide whether additional capital may be required.

Thus we can see that it is not just about fixing a figure to earn. It is a complete analysis of several aspects of risk, reward, trading methodology, expectancy, drawdown and runs. You can substitute different numbers for indices and margins etc. to arrive at similar numbers. This is a business. Approach it in a business-like manner.

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I was unable to find a way to simply delete this article. So, I have, instead, edited the article to remove its contents. At this point I just need to fill up 300 words in this section. This would be much easier if there was just a delete button and I could completely remove the article. However, since that option has not been made available, I am having to write three hundred words about removing the content.

If an admin of the interesting articles site sees this and has a way to completely delete the article, please go ahead and do that. I would really appreciate it. You may also want to consider adding that as an option for authors to save both you and them some time and effort.

At this point I’m almost half way to the 300 word mark. Only 10 more words to go and I’ll be there. Hey! I’m there. Whoo hoo! Now, I just need to think of another one hundred fifty words to write. Well, really only one hundred and twenty by the end of this sentence.

What should I write about? Does it matter? Should I write about existential existance and man’s place in the universe or perhaps I could go on a politcal tirade about some cause that I think is important. Of course, no one is really reading this anymore so it wouldn’t really do any good to give the answer to the question, “Why am I here?” No one would see it.

So, instead of writing about life or about politics or even about what interesting foods I’ve eaten lately, I’ll just use the remaining twenty five words to say that this has been a complete waste of my time, but at least it only took me about five minutes to write this diatribe.