Point of Care Diagnostic Market size was valued at USD 42.53 billion in 2023 and is expected to reach USD 64.80 billion by 2030, at a CAGR of 6.2%.
Point of Care Diagnostic Market Report Scope and Research Methodology
Report Scope: This report offers a comprehensive analysis of the global Point of Care (POC) diagnostic market, focusing on key market trends, growth drivers, challenges, and opportunities. It covers various types of POC diagnostic products, including glucose monitoring devices, infectious disease tests, cardiac biomarkers, pregnancy tests, and others. The report examines the market based on product type, end-user (hospitals, clinics, home care, and laboratories), and geographical region.
Research Methodology: The research methodology for this report combines both primary and secondary research to ensure a thorough analysis of the market. Primary research includes interviews and surveys with key industry participants, such as manufacturers, healthcare professionals, distributors, and market experts. Secondary research involves reviewing publicly available data, including industry reports, research papers, and market databases.
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Point of Care Diagnostic Market Dynamics
The Point of Care (POC) diagnostic market is primarily driven by the increasing demand for rapid, on-site testing solutions that offer quick and accurate results for better patient management. Rising healthcare costs, the need for improved healthcare efficiency, and growing prevalence of chronic diseases and infectious conditions contribute to the market's growth. Technological advancements, such as the development of compact and portable devices, and innovations in biosensors, have made POC diagnostics more accessible and efficient. The growing trend of home-based healthcare and self-monitoring, especially for diabetes, cardiac diseases, and pregnancy tests, is also fueling market demand. However, challenges such as regulatory hurdles, limited reimbursement policies, and concerns regarding the accuracy of certain POC tests in comparison to laboratory-based tests may hinder the market's growth.
Point of Care Diagnostic Market Regional Insight
Regionally, the Point of Care Diagnostic market is seeing strong growth across North America, Europe, and Asia-Pacific, with each region exhibiting unique growth drivers. North America holds the largest share of the market, driven by a robust healthcare infrastructure, high demand for quick diagnostics, and the widespread adoption of POC technologies in hospitals and clinics. Europe follows closely, where advanced healthcare systems and government initiatives to improve healthcare access further support market growth. The Asia-Pacific region is experiencing rapid expansion, fueled by growing healthcare awareness, increasing healthcare investments, and a rise in chronic diseases, particularly in countries like China and India.
Point of Care Diagnostic Market Segmentation
Based on Product, Blood Glucose Monitoring dominates the point of care diagnostic market amongst all the product types and currently holds the largest market share of XX% in 2023, this is due to the increasing focus on diabetes management and the development of user-friendly continuous glucose monitoring (CGM) systems are driving growth. According to the International Diabetes Federation, 537 million adults (20-79 years) living with diabetes in 2022, and the diabetes population is expected to increase to 643 million by 2030 and reach 783 million by 2045, treating them costs around 12% of all healthcare spending globally, according to the World Health Organization. Managing diabetes is essential to avoiding complications such as renal failure, heart disease, stroke, and blindness. Patients with diabetes regularly check their blood sugar levels throughout the day by using POC blood glucose meters.
by Product
Blood Glucose Monitoring
Infectious Disease Testing
Cardiometabolic Disease Testing
Pregnancy & Fertility Testing
Haematology Testing
Others
by Sample
Blood
Nasal and Oropharyngeal Swabs
Urine
Others
by Mode of Purchase
Prescription-based Products
OTC Products
by Platform
Lateral Flow Assays
Dipsticks
Microfluidics
Molecular Diagnostics
Polymerase Chain Reaction (PCR)
Isothermal Nucleic Acid Amplification Technology (INAAT)
Other Molecular Diagnostic Technologies
Immunoassays
by End User
Clinics
Hospitals
Home
Assisted Living Healthcare Facilities
Laboratory
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Point of Care Diagnostic Market Key Players
F. Hoffmann-La Roche Ltd. (Switzerland)
Danaher (USA)
BD (USA)
Qiagen (Germany)
Abbott (USA)
Siemens Healthcare AG (Germany)
bioMerieux SA (France)
Zoetis, Inc. (USA)
Instrumentation Laboratory (USA)
Nova Biomedical (USA)
Quidel Corp.(USA)
Trividia Health, Inc.(USA)
Sekisui Diagnostics (Japan)
Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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