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Point-of-Care Diagnostics will remove the need for dedicated hospital clinical biochemistry labs'

What are point-of-care/testing (POC/T) diagnostics? Give some examples where technological developments have resulted in their current practical availability and use. Do you agree with the quote above? [1500 words max]

[what I am looking for: why have POCTs?, exciting technical developments, current examples, possible adoption by healthcare, the future....answering the question! WITH REFERENCES]