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EUROPE POINT-OF-CARE DIAGNOSTICS Market Growth, Industry Size-Share, Global Trends, Key Players Strategies and Upcoming Demand
Data Bridge Market Research analyses that the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET will project a compound annual growth rate (CAGR) of 10.22% during the forecast period of 2022-2029.
A world class EUROPE POINT-OF-CARE DIAGNOSTICS MARKET research report is formulated with the finest and advanced tools of collecting, recording, estimating and analysing market data. With the systematic and comprehensive market research study, this market research report offers the facts associated with any subject in the field of marketing for Healthcare industry. It gives superior ideas and solutions in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This EUROPE POINT-OF-CARE DIAGNOSTICS MARKET report has been prepared by considering several fragments of the present and upcoming market scenario.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET Scope and Market Size
The point-of-care diagnostics market is segmented on the basis of product, platform, prescription and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
On the basis of product, the point-of-care diagnostics market is segmented into glucose monitoring products, cardio metabolic, infectious disease, coagulation, pregnancy and fertility, tumor or cancer marker, urinalysis, cholesterol, haematology, drugs-of-abuse, fecal occult and others. Glucose monitoring products is further sub segmented into strips, meters and lancets and lancing device. Cardiometabolic is further sub segmented into cardiac marker, blood gas or electrolytes and HBA1C. Infectious disease is further sub segmented into influenza, HIV, hepatitis C, sexually transmitted disease (STD), healthcare-associated infection (HAI), respiratory infection, tropical disease and other infectious disease. Coagulation is further sub segmented into PT or INR and activated clotting time (ACT or APTT). Pregnancy and fertility is further sub segmented into pregnancy test and fertility test.
On the basis of platform, the point-of-care diagnostics market is segmented into lateral flow assays (immunochromatography tests), dipsticks, microfluidics, molecular diagnostics and immunoassays.
On the basis of prescription, the point-of-care diagnostics market is segmented into prescription-based testing and OTC testing.
On the basis of end user, the point-of-care diagnostics market is segmented into clinical laboratories, outpatient healthcare and ambulatory care settings, hospitals or critical care centers, home care, research laboratories and other.
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Some of the key questions answered in this report:
How has the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET?
What are the key regional markets?
What are the key driving factors and challenges in the industry?
What is the structure of the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET and who are the key players?
Market Analysis and Insights: EUROPE POINT-OF-CARE DIAGNOSTICS MARKET
The point-of-care diagnostics market is expected to witness market growth at a rate of 10.22% in the forecast period of 2022 to 2029. Data Bridge Market Research report on point-of-care diagnostics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the incidence of target diseases is escalating the growth of point-of-care diagnostics market.
Point-Of-Care diagnostics are the approaches that are utilized to identify infections early and quickly. Such procedures are extremely sensitive, cost-efficient and produce results within a short timeframe. These testing methods are utilized by schools, physicians, outpatients, clinical labs and home health.
Major factors that are expected to boost the growth of the point-of-care diagnostics market in the forecast period are the rise in the need for home healthcare has pushed the manufacturers. Furthermore, the growing importance of point-of-care diagnostics in the environmental monitoring and public health is further anticipated to propel the growth of the point-of-care diagnostics market. Moreover, the technological developments and new product releases is further estimated to cushion the growth of the point-of-care diagnostics market. On the other hand, the expenses pressure because of repayment cuts and budget restriction is further projected to impede the growth of the point-of-care diagnostics market in the timeline period.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET - Regional Level Analysis
The countries covered in the point-of-care diagnostics market report are the Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET - Share Analysis:
The North America point-of-care diagnostics market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the point-of-care diagnostics market.
Key player - EUROPE POINT-OF-CARE DIAGNOSTICS MARKET
Some of the major players operating in the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET are Abbott, Danaher, BD, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services, Inc., Instrumentation Laboratory S.p.A. – Werfen, bioMérieux SA, Trividia Health, Inc., QIAGEN, Sekisui Diagnostics, Siemens Healthcare GmbH, Quidel Corporation, Spectral Medical Inc., Abaxis, Nova Biomedical, Trinity Biotech, Alfa Scientific Designs, Inc., ?PTS Diagnostics, Bio-Rad Laboratories, Inc., and Medica Corporation among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Scope and Market Size
Chapter Three: Analysis and Insights
Chapter Four: Country Level Analysis
Chapter Five: Share Analysis
Chapter Six: Key player
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Epilepsy Treatment Market: Key Developments and Market Growth
"Epilepsy Treatment Market Size And Forecast by 2032
The report further examines the innovative strategies adopted by Epilepsy Treatment Market these top players, such as embracing cutting-edge technologies, prioritizing customer-centric approaches, and optimizing operational efficiency. By analyzing case studies and real-world applications, the study demonstrates how these companies have adapted to changing market demands and regulatory landscapes. Their ability to innovate and respond to emerging challenges underscores their importance in shaping the trajectory of the Epilepsy Treatment Market.
Global epilepsy treatment market size was valued at USD 6.50 billion in 2023 and is projected to reach USD 2.43 billion by 2031, with a CAGR of 6.20% during the forecast period of 2024 to 2031.
Rising demand for Epilepsy Treatment Market solutions has been a primary driver of market growth, fueled by evolving consumer needs and industry-specific requirements. As companies invest in cutting-edge technologies and expand their reach, the market is set to experience significant revenue growth. This research report delves into the industry’s trends, statistics, and share, offering stakeholders valuable insights into its current performance and future potential.
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Nucleus is a secure, cloud-based platform designed to streamline data transfer and management for businesses. Its intuitive interface offers practice administrators and financial managers advanced filtering options, enhancing operational efficiency. By integrating various data sources, Nucleus enables effective prioritization of critical exposures, incorporating business context and threat intelligence to bolster security measures. Additionally, Nucleus supports seamless collaboration among multiple users across different applications, fostering rapid iteration and teamwork. Its deployment flexibility allows installation on-premises or via preferred cloud service providers, ensuring scalability and adaptability to meet diverse organizational needs.
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Which are the top companies operating in the Epilepsy Treatment Market?
The Top 10 Companies in Epilepsy Treatment Market are prominent leaders known for their strong influence and significant market share. These include well-established companies which have built a reputation for their high-quality products and services. These companies are recognized for their innovation, customer satisfaction, and ability to adapt to market trends, playing a key role in shaping the growth and direction of the Epilepsy Treatment Market.
**Segments**
- By Drug Type: The epilepsy treatment market can be segmented based on drug types such as antiepileptic drugs (AEDs), ketogenic diet, and surgery. Antiepileptic drugs are the most commonly used treatment option and are available in various forms such as tablets, capsules, and liquid solutions. Ketogenic diet, on the other hand, involves a high-fat, low-carbohydrate diet that has shown effectiveness in managing epilepsy, especially in children. Surgery is considered for individuals with drug-resistant epilepsy who may benefit from surgical procedures to remove the epileptic focus.
- By End User: The market can also be segmented by end users, including hospitals, clinics, ambulatory surgical centers, and others. Hospitals are the primary point of care for epilepsy patients, providing access to advanced diagnostic tools and specialized care. Clinics offer outpatient services for monitoring and adjusting treatment plans. Ambulatory surgical centers cater to patients requiring surgical interventions in a more convenient setting.
- By Region: Geographically, the epilepsy treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market due to a high prevalence of epilepsy, favorable reimbursement policies, and advanced healthcare infrastructure. Europe follows closely, with increasing awareness about epilepsy and government initiatives to improve treatment accessibility. The Asia Pacific region is expected to witness significant growth, driven by rising healthcare expenditure, improving healthcare facilities, and a growing patient population.
**Market Players**
- UCB S.A.: UCB S.A. is a key player in the epilepsy treatment market, offering a range of antiepileptic drugs and investing in research and development to bring innovative treatment options to patients.
- Novartis AG: Novartis AG is a global pharmaceutical company with a strong presence in the epilepsy treatment market, providing various medications for epilepsy management and focusing on improving patient outcomes.
- Pfizer Inc.: Pfizer Inc. is known for its wide portfolio of healthcare products, including antUCB S.A., Novartis AG, and Pfizer Inc. are key players in the epilepsy treatment market, contributing significantly to advancements in treatment options and patient care. UCB S.A. stands out in the market due to its strong portfolio of antiepileptic drugs and a focus on research and development to address unmet medical needs in epilepsy management. The company's dedication to innovation and patient-centric approach has helped establish its presence in the market as a reliable provider of effective treatment options. Novartis AG, as a global pharmaceutical powerhouse, brings a wide range of medications for epilepsy management, coupled with a commitment to improving patient outcomes through continuous research and development efforts. The company's global reach and reputation for high-quality healthcare solutions position it as a formidable player in the epilepsy treatment market. Pfizer Inc., a well-known name in the pharmaceutical industry, offers a diverse portfolio of healthcare products, including antiepileptic drugs, to cater to the needs of epilepsy patients. The company's focus on delivering innovative solutions and leveraging its extensive resources for research and development further solidify its position as a key player in the market.
Moving forward, market players like UCB S.A., Novartis AG, and Pfizer Inc. are expected to continue investing in research and development to enhance treatment options for epilepsy patients. With a growing emphasis on personalized medicine and targeted therapies, these companies are likely to introduce novel drugs and treatment approaches to address the diverse needs of patients with epilepsy. The adoption of advanced technologies, such as genetic testing and precision medicine, is anticipated to drive innovation in the market, enabling more personalized and effective treatment strategies for epilepsy patients. Additionally, collaborations with healthcare providers, research institutions, and advocacy groups can further support the development and commercialization of new epilepsy treatments, expanding the reach and impact of these market players.
Moreover, market players in the epilepsy treatment sector need to navigate regulatory challenges and ensure compliance with evolving healthcare regulations to maintain their market position and reputation. Adherence to quality standards, pharmac**Market Players:**
- Pfizer Inc. (U.S.) - Novartis AG (Germany) - Abbott (U.S.) - Neurelis Inc. (U.S.) - GSK plc (U.K.) - Johnson & Johnson Services Inc. (U.S.) - Teva Pharmaceutical Industries Ltd. (U.S.) - Sumitomo Dainippon Pharma Co. Ltd (Japan) - Bausch Health Companies Inc. (Canada) - Sanofi (France) - Takeda Pharmaceutical Company Limited (Japan) - UCB S.A. (China) - Marinus Pharmaceuticals Inc. (U.S.) - Eisai Co. Ltd (Japan) - H. Lundbeck A/S (Denmark) - Supernus Pharmaceuticals Inc (U.S.) - DAIICHI SANKYO COMPANY LIMITED(Japan)
**Market Analysis:**
The epilepsy treatment market is witnessing significant growth globally, driven by factors such as the increasing prevalence of epilepsy, advancements in treatment options, and rising healthcare expenditure. Market players like Pfizer Inc., Novartis AG, and UCB S.A. are at the forefront of developing innovative solutions to address the unmet medical needs of epilepsy patients. These key players are heavily investing in research and development to introduce novel drugs and therapies, leveraging technologies like genetic testing and precision medicine for personalized treatment approaches. Collaborations with healthcare providers and research institutions play a crucial role in driving innovation and expanding the reach of new epilepsy treatments.
Regulatory challenges pose
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Key Insights from the Global Epilepsy Treatment Market :
Comprehensive Market Overview: The Epilepsy Treatment Market is witnessing rapid growth, fueled by innovation and an increasing shift towards digital solutions.
Industry Trends and Projections: The market is forecasted to grow at a CAGR of X%, with trends such as automation and sustainability gaining momentum.
Emerging Opportunities: Growing demand for personalized and green technologies offers emerging business opportunities for new entrants.
Focus on R&D: Companies are heavily investing in research and development to create next-generation solutions and maintain competitive edges.
Leading Player Profiles: Dominant players the market with their advanced offerings and strategic expansions.
Market Composition: The market is a mix of established industry giants and innovative startups, fostering competition and rapid innovation.
Revenue Growth: Consistent revenue growth is driven by rising consumer demand, technological advancements, and new product introductions.
Commercial Opportunities: Expanding into untapped regions and investing in emerging technologies presents substantial commercial opportunities for businesses.
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Why Investors Are Eyeing the dPCR and qPCR Market for Growth Opportunities
The Digital PCR (dPCR) and Real-Time PCR (qPCR) Market is experiencing robust growth as advancements in molecular diagnostics and biotechnology revolutionize the healthcare and research sectors. According to a comprehensive analysis by SkyQuest Technology, the market is projected to reach unprecedented heights, reflecting a compound annual growth rate (CAGR) of 8.1% during the forecast period. As these technologies gain prominence, industries worldwide are embracing their potential for precision diagnostics, disease monitoring, and scientific breakthroughs.
Market Size and Growth Projections
The global digital PCR (dPCR) and real-time PCR (qPCR) market is thriving due to the surge in demand for advanced diagnostic tools. With a market value estimated at USD 10.1 billion in 2023, it is anticipated to achieve a value of USD 20.36 billion by 2032. This substantial growth is attributed to the increasing prevalence of infectious diseases, rising cancer cases, and a growing focus on personalized medicine.
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Key Market Drivers
The growth of the dPCR and qPCR market is influenced by several factors, including:
Rising Demand for Molecular Diagnostics With a greater emphasis on early detection and precision, the demand for molecular diagnostic tools is skyrocketing. dPCR and qPCR technologies enable highly sensitive and accurate analysis of genetic material, making them indispensable in diagnosing critical illnesses.
Advancements in Technology Continuous innovation in PCR technologies is leading to faster, more accurate, and cost-effective solutions, enhancing their adoption across various industries.
Applications in Research and Development The increasing focus on drug development and genetic research has further expanded the utility of dPCR and qPCR technologies in laboratories worldwide.
Market Segments
The Digital PCR (dPCR) and Real-Time PCR (qPCR) Market is categorized based on technology, application, and end-user.
By Technology
Digital PCR (dPCR)
Real-Time PCR (qPCR)
By Application
Clinical Diagnostics
Research and Development
Forensic Applications
By End-User
Hospitals and Diagnostic Centers
Research Institutes
Biotech and Pharmaceutical Companies
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Regional Insights
The adoption of dPCR and qPCR technologies varies across regions, with distinct trends shaping the global market.
North America A dominant market due to advanced healthcare infrastructure, extensive research funding, and early adoption of innovative technologies.
Europe Strong emphasis on biotechnology and personalized medicine drives the market in countries like Germany, France, and the UK.
Asia-Pacific The fastest-growing region, fueled by the increasing prevalence of chronic diseases, expanding research activities, and government initiatives to enhance healthcare systems.
Latin America & Middle East Emerging markets show steady growth due to improving healthcare access and rising investments in diagnostic technologies.
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Top Players in the Market
The dPCR and qPCR market is highly competitive, with key players driving innovation and growth:
Thermo Fisher Scientific Inc.
Bio-Rad Laboratories, Inc.
Roche Diagnostics
QIAGEN N.V.
Agilent Technologies
Merck KGaA
Takara Bio Inc.
Promega Corporation
Illumina, Inc.
Fluidigm Corporation
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Emerging Trends in the dPCR and qPCR Market
Increased Focus on Point-of-Care Diagnostics Portable and user-friendly devices are making molecular diagnostics accessible even in resource-limited settings.
Integration of AI and Big Data Advanced analytics are enhancing the accuracy and efficiency of PCR technologies, paving the way for groundbreaking discoveries.
Growth in Personalized Medicine With a shift towards tailored treatments, dPCR and qPCR technologies are playing a pivotal role in identifying genetic markers and designing customized therapies.
Expansion of Applications Beyond Healthcare The utility of these technologies is extending into food safety, agriculture, and environmental monitoring, further diversifying market opportunities.
Conclusion
The Digital PCR (dPCR) and Real-Time PCR (qPCR) Market is set to transform diagnostics and research on a global scale. As technological innovations continue to enhance the precision and accessibility of these tools, the market offers promising opportunities for growth across diverse sectors. Companies focusing on innovation, adaptability, and application expansion are poised to lead in this rapidly evolving industry.
#Asia dPCR and qPCR market#Europe dPCR and qPCR market#Middle East dPCR and qPCR market Size#North America dPCR and qPCR market
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Explosive Growth Predicted for mHealth Solutions Market: Projected to Surge from $127.9 Billion in 2023 to $1.37 Trillion by 2033
The mHealth solutions marketis expected to increase from US$ 1,27,865.0 million in 2023 to US$ 13,73,865.50 million by 2033, expanding at a CAGR of 26.8%
mHealth involves the use of mobile devices such as tablets, cell phones, and iPads to improve public health. Nowadays, consumers are well-educated about preventive healthcare services through mHealth apps.
Increasing usage of mobile devices and wireless technology for promoting the attainment of health objectives drives the market growth. Moreover, the development in technology and increasing preference towards using preventive healthcare services is fueling the demand for mHealth solutions in the healthcare industry.
Mobile health advances during the forecast period are estimated to propel the mHealth solutions market. Additionally, the wearable trend in mHealth apps is likely to drive the mHealth market for mHealth solutions.
An increase in expenditure on healthcare expenditure and rising lifestyle-related diseases are projected to contribute towards accelerating the mHealth solutions market. There are a few more important factors propelling the mHealth solutions market further including the growing adoption of artificial intelligence and rising emerging markets.
Key Points from the mHealth Solutions Market
mHealth solutions marketis expected to hold a CAGR of 26.8% during the forecast period 2023 to 2033.
North America followed by Europe dominated the mHealth solutions market
Based on the end-user category, the hospitals’ segment is estimated to lead in terms of market value and is predicted to lead the market.
Based on application type, the patient monitoring segment is leading the mHealth solutions market in terms of market value and is anticipated to lead the market.
Based on the product and service category, the mHealthcare apps segment recorded a significant CAGR of 20.3% in the mHealth solutions market and continue to account for a large share in future years.
North America and East Asia are predicted to grow significantly in the future period.
Competitive Landscape:
The key players in the market aim at strengthening their position and expanding the customer base by introducing novel products into the market. They further focus on adopting strategies such as partnerships, acquisitions, and collaborations to expand the business around the world globally. In order to gain a competitive advantage over other competitors in the market, key players also focus on following strategic initiatives. Moreover, these companies further aim at expanding their operation in competitive markets to grab novel opportunities and consequently increase their market share.
Key players in the market constantly make efforts to reinforce their position in the market by focusing on innovations and new product launches.
Key Players of the mHealth Solutions Market:
Bayer Pharmaceuticals
Medtronic
Apple
AirStrip
AliveCor Inc.
BioTelemetry Inc.
Athenahealth
AgaMatrix
LifeWatch Services Inc.
Philips
iHealth
AT&T
Omron Healthcare Inc.
Qualcomm Technologies
Key Development:
A leader in healthcare technology, Royal Philips announced the acquisition of a prominent remote cardiac diagnostic and monitoring provider based in the United States, BioTelemetry in February 2021. The acquired organization is going to be a part of the Connected Care business division of Philip now.
Key Segments of mHealth Solutions Industry Survey:
mHealth Solutions Market by Product and Service:
mHealth Devices
mHealth Apps
mHealth Services
mHealth Solutions Market by Application:
mHealth Solutions for Disease Tracking
mHealth Solutions for Wellness Management
mHealth Solutions for Patient Monitoring
Others
mHealth Solutions Market by End User:
mHealth Solutions for Physicians
mHealth Solutions for Patients
mHealth Solutions for Hospitals
mHealth Solutions for Healthcare Insurance Vendors
Others
mHealth Solutions Market by Region:
North America mHealth Solutions Market
Latin America mHealth Solutions Market
Europe mHealth Solutions Market
East Asia mHealth Solutions Market
South Asia & Pacific mHealth Solutions Market
The Middle East & Africa (MEA) mHealth Solutions Market
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Disposable Medical Sensors Market
Disposable Medical Sensors Market Size, Share, Trends: Medtronic plc Lead
Integration of AI and IoT Drives Market Growth Worldwide
Market Overview:
The global Disposable Medical Sensors Market is projected to grow at a CAGR of 8.7% from 2024 to 2031, with the market value expected to rise significantly. North America currently dominates the market, followed by Europe and Asia-Pacific. Key metrics include the increasing prevalence of chronic diseases, growing demand for minimally invasive procedures, and technological advancements in sensor technologies.
The market is rapidly developing due to increased acceptance of wearable medical devices, a higher emphasis on patient safety and infection control, and a growing preference for home healthcare. The development of smart disposable sensors, as well as the integration of IoT in healthcare, are fueling market expansion.
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Market Trends:
Artificial intelligence (AI) and machine learning (ML) technologies are increasingly being integrated into the disposable medical sensor market. These cutting-edge technologies are employed in sensor systems to improve data analysis, diagnostic accuracy, and predictive healthcare. For example, in 2023, a prominent medical equipment manufacturer introduced a disposable glucose sensor that uses AI algorithms to predict hypoglycemia up to 60 minutes in advance. This trend is expected to continue as healthcare professionals and patients seek more proactive and customized medical treatments. The combination of disposable sensors with AI capabilities allows for real-time health monitoring and early intervention, potentially improving patient care and chronic illness management.
Market Segmentation:
Biosensors dominate the disposable medical sensor industry, accounting for more than 40% of the total market. This dominance can be attributed to their widespread use in diagnostics, patient monitoring, and pharmaceutical development. Biosensors are essential in clinical and research settings because they can detect a wide range of biological analytes rapidly, precisely, and economically.
Recent advancements in the biosensor segment include the development of advanced enzyme and DNA-based sensors for point-of-care diagnostics. For instance, in 2023, a large medical technology company launched a disposable biosensor capable of detecting multiple biomarkers from a single drop of blood. These improvements are hastening the adoption of biosensors in a range of medical fields, including diabetes management and infectious disease detection.
The biosensor market is also benefiting from the increased popularity of personalized medicine. As healthcare moves towards more personalized treatments, there is an increasing demand for biosensors that can provide real-time, patient-specific data. According to industry experts, the use of disposable biosensors in personalized medicine applications increased by 25% in 2023 compared to the previous year. This is especially true in oncology and cardiovascular therapy, where continuous monitoring of specific biomarkers can significantly improve treatment outcomes.
Market Key Players:
Prominent players in the Disposable Medical Sensors Market include:
Medtronic plc
Abbott Laboratories
Dexcom, Inc.
Sensirion AG
STMicroelectronics N.V.
TE Connectivity Ltd.
Honeywell International Inc.
NXP Semiconductors N.V.
Analog Devices, Inc.
Texas Instruments Incorporated
These leading companies are driving market growth through innovation, strategic collaborations, and expanding their product portfolios.
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Comprehensive Study on the Point-of-Care Glucose Testing Market
The global point-of-care glucose testing market size is expected to reach USD 4.51 billion by 2030, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. An increase in the demand for Point-of-Care Testing (POCT) has been witnessed in recent years. As compared to the conventional laboratory testing performed in central lab settings, glucose POCT aids in performing effective diagnosis at the patient’s bedside. The easy and convenient operation of POCT has largely favored the growing usage of glucose meters across medical settings. The demand for performing bedside monitoring of blood sugar levels efficiently in a capillary blood sample and the need to ensure better management of carbohydrate metabolism have propelled the companies to launch innovative glucose meters in the market.
Various companies are investing in the development of needle-less devices to offer painless management of diabetes. For instance, GlucoTrack, a product manufactured by Integrity Applications (Israel), performs quantification using electromagnetic, ultrasonic, and thermal waves in combination. Eversense, painless glucose monitoring subcutaneous implant by Senseonics, quantifies glucose levels in interstitial fluid when placed beneath the skin. This is followed by data transmission to show the results in real-time. The latest no-code monitoring systems help in minimizing the errors that occur due to incorrect entry of strip codes. Whereas, others are incorporating noble metals, such as silver, gold, and platinum, which effectively reduce the electrical noise further improving accuracy.
Point-of-Care Glucose Testing Market Report Highlights
Accu-Chek Inform II accounted for the second-largest share in 2022 and is anticipated to maintain this trend throughout the forecast period
Bayer Contour blood glucose monitoring system is set to grow at a CAGR of 6.1% from 2023 to 2030
North America is the leading regional market due to the higher penetration of novel diagnostic techniques
Asia Pacific is estimated to register the fastest CAGR owing to the ever-increasing prevalence of diabetes and numerous untapped growth opportunities in diagnostics
Moreover, a robust network of local manufacturers has significantly contributed to the revenue generated in this region
Point-of-Care Glucose Testing Market Segmentation
Grand View Research has segmented the global point-of-care glucose testing market on the basis of product, and region:
PoC Glucose Testing Product Outlook (Revenue, USD Million, 2016 - 2030)
Accu Check Aviva Meter
Onetouch Verio Flex
i-STAT
Bayer CONTOUR Blood Glucose Monitoring System
Freestyle Lite
True Metrix
Accu-Chek Inform II
StatStrip
Others
PoC Glucose Testing Regional Outlook (Revenue, USD Million, 2016 - 2030)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
China
Japan
India
South Korea
Australia
Thailand
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
UAE
Kuwait
Order a free sample PDF of the Point-of-Care Glucose Testing Market Intelligence Study, published by Grand View Research.
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Precision Diagnostics Market Surge: $57.5B in 2023 to $157.2B by 2033 (10.5% CAGR)
Precision Diagnostics Market focuses on advanced technologies and methodologies designed to enhance the accuracy of disease detection and support personalized healthcare solutions. This includes molecular diagnostics, imaging technologies, and bioinformatics tools that enable early, precise diagnosis, tailored treatment planning, and ongoing monitoring. The market plays a vital role in the shift toward personalized medicine, which improves patient outcomes and optimizes healthcare resources by offering individualized diagnostic solutions.
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Market Growth and Trends
The Precision Diagnostics Market is experiencing robust growth, driven by advancements in molecular diagnostics and imaging technologies. Among the sub-segments, molecular diagnostics lead the market due to their pivotal role in personalized healthcare and early disease detection. Next-generation sequencing (NGS) is the top performer within this segment, thanks to its precision, growing accessibility, and declining costs. Imaging diagnostics, particularly MRI and CT scans, also represent a significant segment, benefitting from ongoing technological advancements and rising healthcare expenditure.
Regional Insights
North America dominates the market, fueled by a strong healthcare infrastructure, substantial R&D investments, and a high adoption rate of innovative diagnostic technologies. The United States is the leading country, driven by advanced healthcare facilities and widespread implementation of precision diagnostics.
Europe ranks second, with Germany and the United Kingdom emerging as key contributors, spurred by increasing demand for early disease diagnosis and precise medical interventions.
Asia-Pacific is rapidly growing, with China and India seeing significant market expansion. The region’s growth is driven by increasing healthcare awareness, rising income levels, and improved access to diagnostic technologies.
Market Segmentation
By Type: Genetic Testing, Molecular Diagnostics, Companion Diagnostics, Point-of-Care Testing, Liquid Biopsy By Product: Reagents & Kits, Instruments, Software & Services, Consumables By Technology: Next-Generation Sequencing, Polymerase Chain Reaction, Fluorescence In Situ Hybridization, Immunohistochemistry, Microarray By Application: Oncology, Cardiology, Infectious Diseases, Neurology, Endocrinology By End User: Hospitals, Diagnostic Laboratories, Research Institutes, Academic Institutes By Component: Hardware, Software, Services By Device: Benchtop, Portable, Handheld, Wearable By Process: Sample Preparation, Data Analysis, Validation By Deployment: On-Premise, Cloud-Based, Hybrid By Solutions: Clinical Decision Support, Data Management, Patient Engagement
Market Volume & Projections
In 2023, the market demonstrated a strong volume of 320 million diagnostic tests globally, with projections indicating a rise to 520 million tests by 2033. The molecular diagnostics segment commands a substantial 45% market share, followed by genetic testing at 30%, and imaging diagnostics at 25%. This market dominance is driven by advancements in genomics and a growing demand for personalized medicine.
Key Market Players
Leading players in the Precision Diagnostics Market include Roche Diagnostics, Abbott Laboratories, and Thermo Fisher Scientific, which continue to influence the market through cutting-edge technology, strategic partnerships, and ongoing innovation to maintain their competitive edge.
#PrecisionDiagnostics #PersonalizedHealthcare #MolecularDiagnostics #GeneticTesting #NextGenerationSequencing #Oncology #Cardiology #EarlyDiagnosis #HealthcareInnovation #ImagingTechnologies #LiquidBiopsy #Bioinformatics #MedicalDevices #HealthcareSolutions #DiagnosticReagents
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Exploring the Antimicrobial Susceptibility Testing Market: Trends, Innovations, and Future Opportunities
The Antimicrobial Susceptibility Testing (AST) market has become a cornerstone in modern healthcare, playing a pivotal role in combating the growing threat of antimicrobial resistance (AMR). With the rise of multidrug-resistant pathogens, the need for accurate, efficient, and rapid AST solutions is more urgent than ever. This blog explores the key drivers, challenges, and advancements shaping the AST market, along with its future trajectory.
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Overview of Antimicrobial Susceptibility Testing
Antimicrobial Susceptibility Testing evaluates the effectiveness of antibiotics, antifungals, and antivirals against specific pathogens. It determines the minimum inhibitory concentration (MIC) required to prevent microbial growth, guiding clinicians in selecting the most effective treatment options.
Key testing methods include:
Disk Diffusion Tests: A widely used method involving antibiotic-impregnated disks.
Broth Dilution Tests: Used to determine MIC values for various antimicrobial agents.
Automated AST Systems: Advanced platforms for rapid and high-throughput testing.
Molecular AST Methods: Techniques like PCR that identify resistance genes.
Market Drivers
Rising Antimicrobial Resistance
AMR is a global health crisis, with pathogens such as MRSA and multidrug-resistant E. coli becoming increasingly prevalent. This has escalated the demand for advanced AST solutions to manage infections effectively.
Growing Infectious Disease Burden
The increasing incidence of infectious diseases, including urinary tract infections (UTIs), bloodstream infections, and pneumonia, has spurred the adoption of AST in clinical laboratories and hospitals.
Technological Advancements
Innovations in AST, such as automated and rapid diagnostic systems, are enhancing accuracy and reducing turnaround times. Examples include MALDI-TOF-based systems and next-generation sequencing (NGS) for resistance profiling.
Regulatory and Government Initiatives
Governments worldwide are funding AMR surveillance programs, promoting AST adoption in healthcare settings. Initiatives like the Global Antimicrobial Resistance and Use Surveillance System (GLASS) underscore the importance of robust diagnostic solutions.
Challenges in the AST Market
High Costs of Advanced Systems
While automated AST systems improve efficiency, their high capital costs deter adoption in low-resource settings.
Lack of Standardization
Inconsistent testing standards across regions can affect the accuracy and comparability of results.
Emerging Resistance Mechanisms
The rapid evolution of resistance mechanisms outpaces the development of diagnostic tools, necessitating continuous innovation.
Skilled Workforce Shortages
Operating sophisticated AST technologies requires trained personnel, a challenge in underdeveloped regions.
Key Market Segments
The AST market is segmented based on products, testing methods, end users, and regions.
Products
Manual AST Products: Reagents, culture media, and susceptibility disks.
Automated AST Systems: High-throughput platforms like BD Phoenix and VITEK 2.
Testing Methods
Phenotypic methods, including broth dilution and disk diffusion.
Genotypic methods like molecular diagnostics and NGS.
End Users
Hospitals and diagnostic laboratories.
Pharmaceutical and biotechnology companies for drug discovery.
Academic and research institutes.
Regional Insights
North America leads the market due to advanced healthcare infrastructure and high awareness of AMR.
Europe follows closely, driven by stringent regulations and government funding.
Asia-Pacific is witnessing rapid growth owing to the rising infectious disease burden and increasing healthcare investments.
Technological Innovations in AST
Point-of-Care (POC) Testing
The development of portable AST devices enables rapid diagnosis in outpatient settings, improving treatment outcomes.
AI-Powered Diagnostics
Artificial Intelligence is being integrated into AST platforms to analyze complex datasets and predict resistance patterns.
Microfluidics-Based Systems
These systems enhance precision and speed while minimizing sample volume, making AST more accessible.
Whole Genome Sequencing (WGS)
WGS provides comprehensive insights into resistance mechanisms, guiding precision medicine approaches.
Competitive Landscape
The AST market is highly competitive, with key players driving innovation and expansion. Leading companies include:
Thermo Fisher Scientific
bioMérieux SA
BD (Becton, Dickinson and Company)
Danaher Corporation
HiMedia Laboratories
These companies focus on launching cutting-edge products, forming strategic collaborations, and expanding their global footprint.
Future Outlook
The AST market is poised for significant growth in the coming years. Factors such as the integration of advanced technologies, rising awareness about AMR, and increased funding for diagnostics will shape its trajectory. Additionally, the push for personalized medicine and targeted therapies will further drive the adoption of sophisticated AST tools.
Key trends to watch include:
Increased adoption of molecular diagnostics.
Development of AI-driven predictive models.
Expansion of POC testing capabilities in emerging markets.
Enhanced global AMR surveillance and data-sharing initiatives.
Conclusion
The Antimicrobial Susceptibility Testing market is a critical component of the global effort to combat antimicrobial resistance. As technology evolves and awareness grows, AST solutions will become more accessible, efficient, and impactful in guiding clinical decisions. By addressing challenges like cost and standardization, the market holds immense potential to revolutionize infectious disease management and safeguard public health.
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Global Point-of-Care Diagnostics Market Size, Share, Growth and Forecast 2031
Global point-of-care diagnostics market is projected to witness a CAGR of 7.90% during the forecast period 2024-2031, growing from USD 47.21 billion in 2023 to USD 86.74 billion in 2031.
Factors driving the point-of-care diagnostics market include the rising prevalence of infectious diseases, increased investment in technology that includes artificial intelligence, growing demand for decentralized healthcare solutions, and increased corporate investments. Apart from this, improvement in the trend towards home care improves the patient’s experience and lowers the costs of healthcare as well.
Global point-of-care (POC) diagnostics consists of rapid, on-site tests that enable immediate clinical decision-making. These tests are significant as they allow accurate and timely reporting, improving patient care results and reducing the need for centralized lab facilities. Its high ability to deliver fast, reliable diagnostics at the point of patient care positions it in a valuable category in every healthcare setting, initiating a more efficient, accessible healthcare delivery worldwide.
Companies are strengthening their diagnostics segment through R&D investment to gain a solid stand in the advanced point-of-care diagnostics market. Moreover, they obtain funds to develop their capabilities and speed up innovation in diagnostic solutions. Overall, these strategic initiatives enhance the quality and efficiency of POC diagnostics, fueling market growth and steadily increasing demand for faster, more accurate testing. For instance, in July 2024, NOWDiagnostics, Inc. (NOWDx) closed a USD 22.5 million Series B funding aimed at fast-tracking rapid at-home diagnostic tests. NOWDxwill utilize the funding for the launch of innovative diagnostics, and home-based tests and expand the portfolio of tests. NOWDx has a promising clinical research pipeline of around 30 diagnostic tests, and the company is willing to utilize the funding for the approval and commercialization of these tests.
Similarly, in August 2024, Lumos Diagnostics Holdings Limited (Lumos), a rapid POC diagnostic solutions manufacturer, extended its partnership with the Burnet Institute to conduct a clinical trial of a new POC test for monitoring liver health. This kind of development suggests that the market is expanding and increasing demand to innovate liver function monitoring and pave the way for future home-based tests.
Technological Advancements of Point-of-Care Diagnostics
Technological advancement is driving the growth of point-of-care diagnostics as a viable means to ease healthcare burdens. These devices are user-friendly and inexpensive, with rapid turnaround times; thus, they suit patients with financial constraints, social stigma, and mobility issues. Miniaturized biochip devices can detect diseases rapidly using simple samples such as blood or saliva. Integrating AI and microfluidic technologies improves diagnostic precision and efficiency, making it possible for POC devices to detect biomarkers in a wide range of conditions, from infectious diseases to oncology and many more. For instance, in June 2023, Sysmex Corporation launched its first point-of-care testing system for Europe, designed to diagnose antimicrobial susceptibility in 30 minutes rapidly. Using microfluidic technology, the system rapidly detects bacteria, analyzes the effectiveness of antimicrobial drugs using urine samples, and is likely to alter conventional approaches toward the diagnosis of infectious diseases and deal with the imperative urgency of speeding up the detection of UTI infections.
Growing Preference for Home Care Driving Market Growth
The growing preference for healthcare services at home is a key driver for growth in the point-of-care diagnostics segment. Patients are now looking for convenient, cost-effective, and more customized care delivery. There has been a rising demand for diagnostic tests that can be performed outside traditional clinical settings. POC diagnostics allow people to track their health conditions from the comfort of their homes. This reduces the number of hospital visits and decreases healthcare costs. The availability, accessibility, and usability of home-based diagnosis solutions are attractive factors contributing to increased usage and driving the market in the health sector. For instance, in March 2023, Cue Health Inc. launched a portfolio of home-based diagnostic test kits that offer company test-to-treat services to help people with easy health management from their homes. The marketed kits include heart health test kits, sexual health test kits, women’s health test kits, metabolic health test kits, and wellness test kits. These kits are enabled with Cue Care, allowing a simple and private collection of samples for the CLIA-certified independent laboratory analysis. The results are efficiently provided in the Cue Health App, coupled with relevant health information.
Favorable Funding Scenario to Fuel Market Growth
The COVID-19 pandemic has significantly transformed the funding landscape of point-of-care diagnostics. Health disparities caused during the pandemic highlight the need for fast, accurate, and accessible testing. In response, funding for R&D has surged to develop advanced and more point-of-care diagnostic tests. That additional funding helped drive faster the development of new POC diagnostics solutions that could rapidly and effectively diagnose and treat health conditions. The capital inflow has also expanded testing capabilities beyond COVID-19 to a broader set of conditions and applications. For this reason, the market is likely to experience tremendous growth, with ongoing investment remaining in a core position to drive diagnostic innovations in terms of improved access to healthcare for populations.
For instance, in March 2024, BioMérieux SA invested USD 10.76 million (NOK 115 million) to develop a small-scale immunoassay POC analyzer with SpinChip Diagnostics ASA. This advanced platform delivers diagnostic performance from a single blood droplet within minutes and has scalability across the POC market. The first product is a high-sensitivity cardiac troponin I test, which will be a monumental step in the method of emergency triaging and treatment of acute heart attacks.
Infectious Disease Testing Products Dominating Point-of-Care Diagnostics Market
Infectious disease testing products hold the largest share of the POC diagnostics market. They create an utmost need to provide rapid, on-site diagnosis for conditions such as COVID-19, HIV, influenza, and tuberculosis. These tests can be done immediately; thus, results can speed up the decisions about treatment, and infectious diseases will not spread faster as they are being diagnosed promptly. The portability and ease with which they may be used in even clinical settings, as well as remote or resource-limited areas, ensure their effectiveness. The growing epidemics of infectious diseases coupled with the technological advancements in POC testing devices further gave strength to these tools for controlling outbreaks and managing public health challenges effectively.
In August 2023, QuidelOrtho Corporation received De Novo FDA approval for its Sofia 2 SARS Antigen+ FIA. The prescription test is well-suited to point-of-care settings, supporting companies’ efforts to expand their product offerings for infectious disease testing. This approval reflects the ongoing trend of companies looking at upgrading diagnostic offerings by securing regulatory approvals and launching more advanced tests to respond to growing demand.
North America Dominates Point-of-Care Diagnostics Market Share
North America holds the largest share in the point-of-care diagnostics market due to robust healthcare infrastructure and is largely supported by the government, which leads to the encouragement of innovation and significant adoption of more advanced diagnostic technologies. The presence of prominent market players creates competition, and this, in turn, leads to a continued development in product offerings. For instance, in July 2023, Vital Biosciences Inc., a Canada-based company, launched its first point-of-care testing platform, VitalOne, a compact device roughly the size of a desktop computer, at the Annual Meeting of the American Association of Clinical Chemistry. It will revolutionize diagnostics, as the system can provide more than 50 lab-grade results within 20 minutes. Moreover, regional companies are streamlining efforts, helping drive its leadership. In July 2024, Babson Diagnostics, Inc. introduced its new BetterWay blood testing service at Austin retail pharmacies. This BetterWay enables patients to be tested at retail pharmacies. This makes access easier for consumers. This will encourage more people to seek such diagnostic services, further fueling the demand in the market.
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Future Market Scenario (2024-2031F)
This market is expected to hold several growth opportunities in the coming years due to an increasing prevalence of infectious disease, advancement in point-of-care diagnostic technologies, growing advancements in home care diagnostics, and an increase in investments toward research and development activities. In addition, AI-integrated testing holds great promise in the future toward both accuracy and usability, and researchers are working to make the innovation even better. For example, in August 2024, a team at the University of California, Los Angeles (UCLA) managed to design an AI-based test similar to home-based COVID-19 tests that would detect Lyme disease accurately in under 20 minutes.
Report Scope
“Point-of-Care Diagnostics Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global point-of-care diagnostics market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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In Vitro Diagnostics Industry Research Report 2030 By Players, Regions, Types & Applications
The global in vitro diagnostics (IVD) market, valued at an estimated USD 80.71 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2030. This projected growth is largely driven by the increasing utilization of IVD tools and technologies, a response to the rising incidence of both infectious and chronic diseases globally. The development and implementation of automated IVD systems in laboratories and hospitals further contribute to this expansion, offering healthcare providers tools to make diagnoses that are efficient, precise, and free from errors. Additionally, the continual launch of new IVD products by leading companies plays a significant role in fueling this market’s growth.
A noteworthy example of this innovation in IVD products is seen in ELITechGroup’s recent expansion of its diagnostic portfolio. In January 2024, ELITechGroup introduced the GI Bacterial PLUS ELITe MGB Kit, which received CE-IVDR certification. This product marks the beginning of the company’s Gastrointestinal (GI) assay panel and is designed to detect bacterial pathogens responsible for GI infections. ELITechGroup’s expansion plans include three more kits for launch within the next quarter, covering a broader spectrum of gastrointestinal infections. These new products aim to equip laboratories and healthcare professionals with advanced tools for precise diagnosis and improved management of GI conditions.
Gather more insights about the market drivers, restrains and growth of the In Vitro Diagnostics Market
Regional Insights:
North America In Vitro Diagnostics Market:
The North American in vitro diagnostics (IVD) market led the global sector in 2024, holding a 42.28% share. The region is expected to maintain its dominance throughout the forecast period, largely driven by several key factors, including the growing prevalence of chronic diseases, the presence of established IVD companies, the frequent introduction of innovative diagnostic tests, and strong government funding support. For example, in January 2023, BD and CerTest Biotec obtained an Emergency Use Authorization (EUA) from the U.S. FDA for a PCR test to detect the Mpox virus, highlighting regulatory support for advanced diagnostics. The increasing demand for genetic testing, particularly for personalized treatments in diabetes and cancer, is further expected to support the growth of the IVD market in North America.
Europe In Vitro Diagnostics Market Trends:
The European IVD market is growing, driven by an emphasis on infectious disease testing, molecular diagnostics, and adherence to regulatory requirements like CE-IVDR. Following the COVID-19 pandemic, demand for infectious disease diagnostics surged, with companies like Siemens Healthineers introducing platforms such as the Atellica CI Analyzer for efficient testing. The molecular diagnostics sector is also expanding, with ELITechGroup’s CE-IVDR-certified GI Bacterial PLUS kit as a recent example, aimed at detecting gastrointestinal infections. Stringent IVDR standards in Europe foster innovation, improving diagnostic accuracy and safety across the continent.
Asia Pacific In Vitro Diagnostics Market Trends:
The Asia Pacific IVD market is projected to experience significant growth, with a CAGR of 8.59% over the forecast period. Key drivers include stabilizing economies, a rapidly growing middle class, supportive government policies, and rapid urbanization. For instance, in October 2023, Fapon partnered with Halodoc to boost IVD product sales and services in Indonesia. Major IVD players are also collaborating with regional partners to expand their reach in developing countries across Asia Pacific.
The Chinese IVD market is growing rapidly, fueled by rising demand for molecular diagnostics, point-of-care testing, and digital health integration. Molecular diagnostics are particularly in demand for infectious diseases and oncology, supported by public health initiatives and increased healthcare spending.
Japan’s IVD market growth is driven by an aging population and progress in personalized medicine. Key trends include a growing use of molecular diagnostics for oncology and genetic testing, which aid in identifying targeted treatments for age-related diseases
Latin America In Vitro Diagnostics Market Trends:
The IVD market in Latin America is expanding due to increased healthcare investments, a focus on disease prevention, and enhanced healthcare access. A prominent trend is the adoption of point-of-care testing for infectious diseases like dengue, Zika, and COVID-19, especially in remote areas. Demand for molecular diagnostics in oncology is also growing as awareness of personalized medicine rises. Public-private partnerships and government initiatives are building diagnostics infrastructure, making advanced testing technologies more accessible across the region.
Middle East & Africa In Vitro Diagnostics Market Trends:
The IVD market in the Middle East and Africa (MEA) is set for growth, driven by increased healthcare spending and the prevalence of infectious diseases. Major trends include the adoption of advanced molecular diagnostics and point-of-care testing to improve disease detection and management. Additionally, a focus on personalized medicine and government initiatives aimed at enhancing healthcare infrastructure are supporting market expansion. Collaborations between local and international players are fostering innovation, making diagnostic solutions more accessible across the region.
Browse through Grand View Research's Category Clinical Diagnostics Industry Research Reports.
The global saliva collection and diagnostics market size was estimated at USD 818.9 million in 2024 and is projected to grow at a CAGR of 4.7% from 2025 to 2030.
The global cholesterol testing products and services market size was estimated at USD 19.85 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2030.
Key Companies & Market Share Insights:
Among the prominent players in the IVD market are F. Hoffmann-La Roche Ltd., Abbott, Quest Diagnostics Incorporated, and Danaher. These companies actively pursue strategies like new product launches, mergers and acquisitions, and partnerships to strengthen and diversify their product offerings. These efforts are focused on expanding their product portfolios, introducing technologically advanced and innovative diagnostic tools, and improving their competitive positioning within the market.
Emerging companies in the IVD sector, including Llusern Scientific, Biocartis Group NV, ARUP Laboratories, Veracyte, and Exact Sciences Corp, are also making strides. These companies concentrate on developing novel and accurate IVD testing products, contributing to overall healthcare improvements. They frequently collaborate with research institutions, governmental bodies, and global leaders to expand their product reach and presence in new, high-potential markets.
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EUROPE POINT-OF-CARE DIAGNOSTICS Market Growth, Industry Size-Share, Global Trends, Key Players Strategies and Upcoming Demand
Data Bridge Market Research analyses that the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET will project a compound annual growth rate (CAGR) of 10.22% during the forecast period of 2022-2029.
A world class EUROPE POINT-OF-CARE DIAGNOSTICS MARKET research report is formulated with the finest and advanced tools of collecting, recording, estimating and analysing market data. With the systematic and comprehensive market research study, this market research report offers the facts associated with any subject in the field of marketing for Healthcare industry. It gives superior ideas and solutions in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This EUROPE POINT-OF-CARE DIAGNOSTICS MARKET report has been prepared by considering several fragments of the present and upcoming market scenario.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET Scope and Market Size
The point-of-care diagnostics market is segmented on the basis of product, platform, prescription and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
On the basis of product, the point-of-care diagnostics market is segmented into glucose monitoring products, cardio metabolic, infectious disease, coagulation, pregnancy and fertility, tumor or cancer marker, urinalysis, cholesterol, haematology, drugs-of-abuse, fecal occult and others. Glucose monitoring products is further sub segmented into strips, meters and lancets and lancing device. Cardiometabolic is further sub segmented into cardiac marker, blood gas or electrolytes and HBA1C. Infectious disease is further sub segmented into influenza, HIV, hepatitis C, sexually transmitted disease (STD), healthcare-associated infection (HAI), respiratory infection, tropical disease and other infectious disease. Coagulation is further sub segmented into PT or INR and activated clotting time (ACT or APTT). Pregnancy and fertility is further sub segmented into pregnancy test and fertility test.
On the basis of platform, the point-of-care diagnostics market is segmented into lateral flow assays (immunochromatography tests), dipsticks, microfluidics, molecular diagnostics and immunoassays.
On the basis of prescription, the point-of-care diagnostics market is segmented into prescription-based testing and OTC testing.
On the basis of end user, the point-of-care diagnostics market is segmented into clinical laboratories, outpatient healthcare and ambulatory care settings, hospitals or critical care centers, home care, research laboratories and other.
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Some of the key questions answered in this report:
How has the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET?
What are the key regional markets?
What are the key driving factors and challenges in the industry?
What is the structure of the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET and who are the key players?
Market Analysis and Insights: EUROPE POINT-OF-CARE DIAGNOSTICS MARKET
The point-of-care diagnostics market is expected to witness market growth at a rate of 10.22% in the forecast period of 2022 to 2029. Data Bridge Market Research report on point-of-care diagnostics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the incidence of target diseases is escalating the growth of point-of-care diagnostics market.
Point-Of-Care diagnostics are the approaches that are utilized to identify infections early and quickly. Such procedures are extremely sensitive, cost-efficient and produce results within a short timeframe. These testing methods are utilized by schools, physicians, outpatients, clinical labs and home health.
Major factors that are expected to boost the growth of the point-of-care diagnostics market in the forecast period are the rise in the need for home healthcare has pushed the manufacturers. Furthermore, the growing importance of point-of-care diagnostics in the environmental monitoring and public health is further anticipated to propel the growth of the point-of-care diagnostics market. Moreover, the technological developments and new product releases is further estimated to cushion the growth of the point-of-care diagnostics market. On the other hand, the expenses pressure because of repayment cuts and budget restriction is further projected to impede the growth of the point-of-care diagnostics market in the timeline period.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET - Regional Level Analysis
The countries covered in the point-of-care diagnostics market report are the Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET - Share Analysis:
The North America point-of-care diagnostics market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the point-of-care diagnostics market.
Key player - EUROPE POINT-OF-CARE DIAGNOSTICS MARKET
Some of the major players operating in the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET are Abbott, Danaher, BD, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services, Inc., Instrumentation Laboratory S.p.A. – Werfen, bioMérieux SA, Trividia Health, Inc., QIAGEN, Sekisui Diagnostics, Siemens Healthcare GmbH, Quidel Corporation, Spectral Medical Inc., Abaxis, Nova Biomedical, Trinity Biotech, Alfa Scientific Designs, Inc., ?PTS Diagnostics, Bio-Rad Laboratories, Inc., and Medica Corporation among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Scope and Market Size
Chapter Three: Analysis and Insights
Chapter Four: Country Level Analysis
Chapter Five: Share Analysis
Chapter Six: Key player
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In Vitro Diagnostics Market 2030 Outlook by Growth Rate, Trends, Size and Opportunities
The global in vitro diagnostics (IVD) market, valued at an estimated USD 80.71 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2030. This projected growth is largely driven by the increasing utilization of IVD tools and technologies, a response to the rising incidence of both infectious and chronic diseases globally. The development and implementation of automated IVD systems in laboratories and hospitals further contribute to this expansion, offering healthcare providers tools to make diagnoses that are efficient, precise, and free from errors. Additionally, the continual launch of new IVD products by leading companies plays a significant role in fueling this market’s growth.
A noteworthy example of this innovation in IVD products is seen in ELITechGroup’s recent expansion of its diagnostic portfolio. In January 2024, ELITechGroup introduced the GI Bacterial PLUS ELITe MGB Kit, which received CE-IVDR certification. This product marks the beginning of the company’s Gastrointestinal (GI) assay panel and is designed to detect bacterial pathogens responsible for GI infections. ELITechGroup’s expansion plans include three more kits for launch within the next quarter, covering a broader spectrum of gastrointestinal infections. These new products aim to equip laboratories and healthcare professionals with advanced tools for precise diagnosis and improved management of GI conditions.
Gather more insights about the market drivers, restrains and growth of the In Vitro Diagnostics Market
Regional Insights:
North America In Vitro Diagnostics Market:
The North American in vitro diagnostics (IVD) market led the global sector in 2024, holding a 42.28% share. The region is expected to maintain its dominance throughout the forecast period, largely driven by several key factors, including the growing prevalence of chronic diseases, the presence of established IVD companies, the frequent introduction of innovative diagnostic tests, and strong government funding support. For example, in January 2023, BD and CerTest Biotec obtained an Emergency Use Authorization (EUA) from the U.S. FDA for a PCR test to detect the Mpox virus, highlighting regulatory support for advanced diagnostics. The increasing demand for genetic testing, particularly for personalized treatments in diabetes and cancer, is further expected to support the growth of the IVD market in North America.
Europe In Vitro Diagnostics Market Trends:
The European IVD market is growing, driven by an emphasis on infectious disease testing, molecular diagnostics, and adherence to regulatory requirements like CE-IVDR. Following the COVID-19 pandemic, demand for infectious disease diagnostics surged, with companies like Siemens Healthineers introducing platforms such as the Atellica CI Analyzer for efficient testing. The molecular diagnostics sector is also expanding, with ELITechGroup’s CE-IVDR-certified GI Bacterial PLUS kit as a recent example, aimed at detecting gastrointestinal infections. Stringent IVDR standards in Europe foster innovation, improving diagnostic accuracy and safety across the continent.
Asia Pacific In Vitro Diagnostics Market Trends:
The Asia Pacific IVD market is projected to experience significant growth, with a CAGR of 8.59% over the forecast period. Key drivers include stabilizing economies, a rapidly growing middle class, supportive government policies, and rapid urbanization. For instance, in October 2023, Fapon partnered with Halodoc to boost IVD product sales and services in Indonesia. Major IVD players are also collaborating with regional partners to expand their reach in developing countries across Asia Pacific.
The Chinese IVD market is growing rapidly, fueled by rising demand for molecular diagnostics, point-of-care testing, and digital health integration. Molecular diagnostics are particularly in demand for infectious diseases and oncology, supported by public health initiatives and increased healthcare spending.
Japan’s IVD market growth is driven by an aging population and progress in personalized medicine. Key trends include a growing use of molecular diagnostics for oncology and genetic testing, which aid in identifying targeted treatments for age-related diseases
Latin America In Vitro Diagnostics Market Trends:
The IVD market in Latin America is expanding due to increased healthcare investments, a focus on disease prevention, and enhanced healthcare access. A prominent trend is the adoption of point-of-care testing for infectious diseases like dengue, Zika, and COVID-19, especially in remote areas. Demand for molecular diagnostics in oncology is also growing as awareness of personalized medicine rises. Public-private partnerships and government initiatives are building diagnostics infrastructure, making advanced testing technologies more accessible across the region.
Middle East & Africa In Vitro Diagnostics Market Trends:
The IVD market in the Middle East and Africa (MEA) is set for growth, driven by increased healthcare spending and the prevalence of infectious diseases. Major trends include the adoption of advanced molecular diagnostics and point-of-care testing to improve disease detection and management. Additionally, a focus on personalized medicine and government initiatives aimed at enhancing healthcare infrastructure are supporting market expansion. Collaborations between local and international players are fostering innovation, making diagnostic solutions more accessible across the region.
Browse through Grand View Research's Category Clinical Diagnostics Industry Research Reports.
The global saliva collection and diagnostics market size was estimated at USD 818.9 million in 2024 and is projected to grow at a CAGR of 4.7% from 2025 to 2030.
The global cholesterol testing products and services market size was estimated at USD 19.85 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2030.
Key Companies & Market Share Insights:
Among the prominent players in the IVD market are F. Hoffmann-La Roche Ltd., Abbott, Quest Diagnostics Incorporated, and Danaher. These companies actively pursue strategies like new product launches, mergers and acquisitions, and partnerships to strengthen and diversify their product offerings. These efforts are focused on expanding their product portfolios, introducing technologically advanced and innovative diagnostic tools, and improving their competitive positioning within the market.
Emerging companies in the IVD sector, including Llusern Scientific, Biocartis Group NV, ARUP Laboratories, Veracyte, and Exact Sciences Corp, are also making strides. These companies concentrate on developing novel and accurate IVD testing products, contributing to overall healthcare improvements. They frequently collaborate with research institutions, governmental bodies, and global leaders to expand their product reach and presence in new, high-potential markets.
Order a free sample PDF of the In Vitro Diagnostics Market Intelligence Study, published by Grand View Research.
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In Vitro Diagnostics Market Growth to Reach $116.28 Billion by 2031, at a CAGR of 5.3%
Increased demand for early disease diagnosis, personalized medicine, and point-of-care solutions drive IVD market growth.
According to a new report published by Meticulous Research®, the global in vitro diagnostics (IVD) market is poised for substantial growth, projected to reach $116.28 billion by 2031, expanding at a CAGR of 5.3% from 2024. The report, titled In Vitro Diagnostics (IVD) Market—Global Opportunity Analysis and Industry Forecast (2024-2031), delves into the key trends, technological advancements, and growth drivers shaping the IVD industry.
For detailed insights, request the sample report here: https://www.meticulousresearch.com/request-sample-report/cp_id=4858
Key Market Drivers and Growth Opportunities
The IVD market’s expansion is fueled by multiple factors, including a surge in chronic disease prevalence, a growing elderly population, and the rising incidence of infectious diseases. Increasing healthcare expenditure, advancements in genomics and proteomics, and rising awareness about early disease diagnosis have also significantly impacted market growth. The need for faster diagnostic solutions in clinical settings, particularly point-of-care (POC) diagnostics, has gained momentum in recent years, contributing to the rapid adoption of IVD technologies.
Furthermore, the growing interest in personalized medicine, especially in oncology and infectious disease management, has spurred demand for molecular diagnostics and advanced testing solutions. The availability of IVD products that can provide rapid, reliable results supports the increasing reliance on diagnostics for personalized treatment plans. The report offers an in-depth look at these market drivers and emerging opportunities.
For a more detailed analysis, you can download a sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=4858
Key Market Segments
Meticulous Research® segments the IVD market based on offering, technology, application, diagnostic approach, and end user:
Offering: The reagents & kits segment is projected to account for the largest share of the IVD market (81.1%) by 2024. The segment's prominence is attributed to the recurring use of assays and kits for chronic and infectious disease detection, as well as the increasing demand for self-testing solutions in emerging economies.
Technology: Molecular diagnostics is expected to be the leading technology segment, accounting for 23.1% of the market in 2024. The increasing prevalence of infectious diseases, coupled with advancements in automated diagnostic systems, has amplified the adoption of molecular diagnostics in clinical and research settings.
Application: The infectious diseases application segment is anticipated to dominate the market in 2024, with a 37.8% share. Heightened awareness around early diagnosis, government initiatives, and public health campaigns have all contributed to the growth of this segment.
For a customized view of the IVD market lndscape, tailored to specific business needs, visit: https://www.meticulousresearch.com/request-customization/cp_id=4858
Regional Market Analysis
The global IVD market spans major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is anticipated to lead the market, holding a 37.5% share in 2024. The region’s significant market share is driven by a high prevalence of chronic diseases, widespread adoption of diagnostic technologies, and robust funding for healthcare research. Advanced healthcare infrastructure and favorable government policies further support the region's market dominance.
In Asia-Pacific, the IVD market is also gaining momentum, with increasing healthcare expenditure and rising awareness about early disease detection in emerging economies. Countries like China, Japan, and India are projected to experience substantial growth due to increasing demand for POC diagnostic solutions and personalized medicine.
To access a comprehensive breakdown of regional market dynamics, you can download the https://www.meticulousresearch.com/download-sample-report/cp_id=4858
Challenges and Opportunities
While the IVD market is positioned for significant growth, challenges persist. Regulatory hurdles and technical complexities in developing high/moderate-complexity tests can impede market progress. Inconsistencies in rapid test results and shifting regulatory landscapes pose additional challenges for manufacturers. However, with the rising need for accurate, fast diagnostics, companies are investing in research and development to overcome these obstacles and improve product quality.
Opportunities exist for expanding into untapped markets in developing regions, where healthcare infrastructure is evolving, and demand for diagnostic solutions is increasing. Additionally, advances in genomics and proteomics open new pathways for targeted diagnostics and treatment, benefiting both patients and healthcare providers.
For an in-depth examination of market challenges and strategic growth opportunities, https://www.meticulousresearch.com/request-sample-report/cp_id=4858
Competitive Landscape
The report also provides a detailed analysis of the competitive landscape, highlighting key players shaping the IVD market:
Abbott Laboratories (U.S.)
Becton, Dickinson and Company (U.S.)
bioMérieux SA (France)
Danaher Corporation (U.S.)
F. Hoffmann-La Roche Ltd. (Switzerland)
Thermo Fisher Scientific Inc. (U.S.)
Siemens Healthineers AG (Germany)
These companies are at the forefront of innovation, leveraging partnerships, acquisitions, and advanced diagnostic technologies to enhance their market presence. For instance, in 2022, QIAGEN N.V. launched the therascreen EGFR RGQ PCR Kit for detecting EGFR mutations, showcasing how new products continue to drive growth within the IVD sector. Strategic alliances, regional expansions, and R&D investments are common among these market leaders as they aim to address evolving diagnostic needs.
Future Outlook for the IVD Market
The future of the IVD market is promising, with technological advancements driving innovation across applications and use cases. The increasing adoption of digital and automated diagnostic solutions, including artificial intelligence in diagnostics, is expected to enhance the accuracy and speed of diagnostic testing. These advancements, coupled with a growing emphasis on personalized medicine, position the IVD market for sustained growth over the next decade.
Furthermore, as healthcare providers worldwide prioritize early diagnosis and preventive healthcare, the demand for advanced diagnostic tools will likely continue to rise. This growth trajectory presents substantial opportunities for both established players and emerging companies seeking to innovate within the sector.
Download the full report to gain in-depth insights into the trends, drivers, and future outlook of the global in vitro diagnostics market: https://www.meticulousresearch.com/download-sample-report/cp_id=4858
Contact Us: Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. Email- sales@meticulousresearch.com USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91 744-7780008 Visit Our Website: https://www.meticulousresearch.com/ For Latest Update Follow Us: LinkedIn- https://www.linkedin.com/company/meticulous-research Meticulous Blog | Top Market Research Reports Blog - https://meticulousblog.org/
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Market Dynamics in Veterinary Chemistry Analyzers: Current Demand and Competitive Landscape
A Veterinary Chemistry Analyzer is a specialized diagnostic tool that assists veterinarians in assessing the health and diagnosing diseases in animals by analyzing their blood and other bodily fluids. This advanced technology allows for precise, rapid, and reliable results, which play a crucial role in animal healthcare. Veterinary Chemistry Analyzers are designed to measure various biochemical parameters, such as glucose, liver enzymes, blood urea nitrogen (BUN), and electrolytes, among others, to assess the functionality of vital organs in animals. The data collected helps veterinarians make informed decisions regarding treatments, interventions, and preventive care measures, improving the overall quality of animal healthcare.
The Veterinary Chemistry Analyzer Market Size was projected to reach 2.06 (USD Billion) in 2022 based on MRFR analysis. By 2032, the veterinary chemistry analyzer market is projected to have grown from 2.15 billion USD in 2023 to 3.2 billion USD. Over the course of the forecast period (2024–2032), the Veterinary Chemistry Analyzer Market is anticipated to develop at a CAGR of approximately 4.53%.
Veterinary Chemistry Analyzer Share
The Veterinary Chemistry Analyzer market has seen notable growth in recent years. With the increased awareness of animal health and the rising demand for early disease detection in animals, veterinary clinics and hospitals worldwide are incorporating these analyzers into their practices. North America currently holds the largest Veterinary Chemistry Analyzer Share, with Europe and Asia-Pacific following closely. This market distribution is driven by advanced veterinary practices, a higher pet adoption rate, and growing investments in animal health infrastructure. Analyzers are widely used not only for domestic pets but also for livestock and zoo animals, further contributing to the market share.
Veterinary Chemistry Analyzer Analysis
Veterinary Chemistry Analyzer Analysis provides insights into the functionalities, features, and efficiency of various analyzers on the market. Current analysis indicates a shift towards analyzers that offer ease of use, compactness, and rapid processing capabilities. Analyzers with point-of-care testing (POCT) features are becoming increasingly popular as they allow for immediate, on-site diagnostics, reducing the time needed for sample processing. These analyzers come equipped with user-friendly interfaces and can perform multiple tests simultaneously. A thorough Veterinary Chemistry Analyzer Analysis can guide buyers in selecting analyzers based on parameters like accuracy, speed, compatibility with different species, and affordability, helping veterinarians make informed purchasing decisions.
Veterinary Chemistry Analyzer Trends
There are several Veterinary Chemistry Analyzer Trends shaping the future of this market. First, the integration of advanced technology, such as artificial intelligence (AI) and machine learning, is allowing for enhanced data analysis and interpretation, leading to more accurate diagnoses. Second, portable analyzers are becoming increasingly popular, enabling veterinarians to conduct tests in field settings or at animal shelters. Third, the trend toward environmentally sustainable devices is encouraging manufacturers to develop analyzers with reduced waste output and energy-efficient designs. Fourth, cloud connectivity is becoming a significant feature, enabling veterinarians to store, access, and share data seamlessly. Lastly, analyzers capable of processing smaller sample volumes are trending, as they cause minimal discomfort to animals, making them suitable for all animal sizes, from small pets to large livestock.
Reasons to Buy the Reports on Veterinary Chemistry Analyzers
Comprehensive Insights: Reports on Veterinary Chemistry Analyzers provide in-depth insights into the latest technologies, market demands, and trends, assisting potential buyers in selecting the best analyzer for their needs.
Competitive Analysis: These reports offer competitive analysis by evaluating different manufacturers, models, and features, enabling buyers to understand market positioning and quality comparisons.
Cost-Effectiveness: By providing a detailed cost-benefit analysis, reports can help buyers make financially sound decisions that maximize value without compromising on quality.
Regulatory Compliance: Many reports include information on compliance with industry standards and regulations, ensuring that buyers choose products that meet veterinary healthcare requirements.
Future Market Projections: Reports highlight future market trends and developments, helping buyers make forward-thinking decisions and investments in technology that align with future industry directions.
Recent Developments in Veterinary Chemistry Analyzers
The Veterinary Chemistry Analyzer market has seen numerous recent developments. Manufacturers are continually improving analyzer accuracy, speed, and user-friendliness. AI-powered diagnostic software has emerged, allowing for automated interpretations that assist veterinarians with data analysis. The development of portable analyzers suitable for on-the-go use has made it easier for veterinarians to perform tests in varied settings. Additionally, integration with electronic health records (EHR) is becoming more common, allowing for efficient data management and storage. Finally, many companies are focusing on sustainable design improvements, such as reusable testing cartridges and reduced power consumption, meeting the demand for eco-friendly solutions in veterinary diagnostics
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In the Fight Against Infection: Advanced Testing Technologies
The global infectious disease testing market is poised for substantial growth, propelled by the rising prevalence of infectious diseases, advancements in diagnostic technologies, and increasing awareness regarding early disease detection. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of around 7.5% over the forecast period of 2022-2028. The revenue generated by the infectious disease testing market was approximately USD 27 billion in 2022 and is expected to reach nearly USD 41 billion by 2028.
What is Infectious Disease Testing?
Infectious disease testing encompasses a range of diagnostic tests designed to detect pathogens, including bacteria, viruses, fungi, and parasites, that cause infectious diseases. These tests can be performed in various settings, including laboratories, clinics, and hospitals, and they include techniques such as PCR (polymerase chain reaction), serology, antigen tests, and culture methods. Early detection and accurate diagnosis are crucial for effective treatment and containment of infectious diseases.
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Market Dynamics and Growth Drivers
Several key factors are driving the growth of the global infectious disease testing market:
Increasing Incidence of Infectious Diseases: The rise in infectious diseases, including viral outbreaks (e.g., COVID-19, influenza) and bacterial infections, is driving the demand for testing solutions. Global health threats and pandemics have underscored the importance of rapid and accurate diagnostic testing.
Technological Advancements: Innovations in diagnostic technologies, including the development of point-of-care testing, molecular diagnostics, and rapid testing methods, are enhancing the efficiency and accuracy of infectious disease testing. These advancements enable timely diagnosis and treatment, contributing to improved patient outcomes.
Growing Awareness and Preventive Healthcare: There is a growing emphasis on preventive healthcare and early disease detection. Increasing public awareness about infectious diseases and the importance of testing is driving demand for diagnostic solutions. Public health initiatives aimed at controlling outbreaks also contribute to the market's growth.
Expansion of Healthcare Infrastructure: The expansion of healthcare infrastructure, especially in developing regions, is facilitating access to diagnostic testing services. Increased investments in healthcare facilities and laboratories are essential for managing infectious diseases and enhancing diagnostic capabilities.
Regional Analysis
North America: North America holds a significant share of the infectious disease testing market, driven by advanced healthcare infrastructure, high adoption of innovative diagnostic technologies, and substantial government investments in public health initiatives. The U.S. is a key market, with ongoing efforts to enhance disease surveillance and control.
Europe: Europe is a major market for infectious disease testing, supported by robust healthcare systems, high disease awareness, and significant investments in research and development. Countries such as Germany, the U.K., and France are at the forefront of adopting advanced diagnostic solutions.
Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the infectious disease testing market due to increasing healthcare expenditure, rising population awareness, and expanding healthcare infrastructure. Emerging economies like China and India are focusing on improving their healthcare systems and diagnostic capabilities.
Latin America and Middle East & Africa: These regions are experiencing gradual growth in the infectious disease testing market, driven by rising investments in healthcare infrastructure, increasing disease burden, and improving access to diagnostic services.
Competitive Landscape
The infectious disease testing market is competitive, with several key players providing innovative solutions. Key players include:
Abbott Laboratories: A leading player in the diagnostics market, known for its extensive range of infectious disease testing solutions.
Roche Diagnostics: Offers advanced diagnostic tests and platforms for the detection of infectious diseases, including molecular and serological tests.
Siemens Healthineers: Provides a wide array of infectious disease testing solutions, including point-of-care and laboratory tests.
Thermo Fisher Scientific: Known for its innovative diagnostic technologies and comprehensive product portfolio in infectious disease testing.
BD (Becton, Dickinson and Company): A major player in the diagnostics field, offering a range of solutions for infectious disease detection and monitoring.
Report Overview : https://www.infiniumglobalresearch.com/reports/global-infectious-disease-testing-market
Challenges and Opportunities
The infectious disease testing market faces challenges, including regulatory hurdles, high costs associated with advanced testing technologies, and the need for continuous innovation to keep pace with emerging infectious diseases. Additionally, disparities in healthcare access can hinder testing in low-resource settings.
However, there are significant opportunities for growth. The increasing focus on personalized medicine, advancements in genomic testing, and the rise of telehealth solutions present avenues for market expansion. Companies that invest in research and development, cost-effective testing solutions, and partnerships with healthcare providers are well-positioned to capitalize on the growing demand for infectious disease testing.
Conclusion
The global infectious disease testing market is set for substantial growth, driven by rising infectious disease prevalence, technological advancements, and increasing awareness of the importance of early diagnosis. With revenue expected to reach nearly USD 41 billion by 2028, the market presents significant opportunities for innovation and investment. As the healthcare landscape continues to evolve, infectious disease testing will play a crucial role in enhancing public health and improving patient outcomes through timely and accurate diagnoses.
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Europe Animal Health Market Analysis: Growth Drivers and Emerging Innovations
The Europe animal health market size was estimated at USD 16.5 billion in 2023 and it is projected to grow at a CAGR of 8.0% from 2024 to 2030. An increase in the number of pet owners, growing pet humanization, unceasing demand for meat and milk leading to a rise in livestock population, increase in the expenditure on veterinary medicines and other animal health products, growing awareness about animal welfare, government initiatives directed toward the wellbeing of animals, and growing availability of animal health solutions have driven the market growth in Europe.
Europe’s animal health market accounted for a 26.5% share (second-largest) of the global animal health industry in 2023. In recent years, the total population of production and companion animals has been on the rise. According to the FEDIAF 2023 report, 91 million households in the European Union region own a pet (46%), with around 127 million cats, 104 million dogs, and other pets. This population develops a huge demand for all sorts of animal health products including biologics, pharmaceuticals, diagnostics, equipment & disposables, medicinal feed activities, and other health-related solutions.
Europe Animal Health Market Segmentation
Pharmaceuticals led the market with the largest revenue share of 43.8% in 2023. Offerings such as parasiticides, anti-infective products, anti-inflammatory products, and analgesics are some of the pharmaceutical products used for animal health.
The production animals segment dominated the market with the largest revenue share of 65.7% in 2023. The global livestock population has been growing unceasingly and Europe holds a large share of this number.
Based on end-use, veterinary hospitals & clinics led the market with the largest revenue share of 72.1% in 2023. The point-of-care testing/in-house testing segment is projected to grow at a CAGR of 12.4% from 2024 to 2030.
The Poland animal health market is expected to experience a CAGR of 10.6% from 2024 to 2030. This growth can be attributed to a variety of drivers such as high milk consumption and dairy farming in the country, enhancements in economic conditions, and growing inclination of researchers to conduct clinical trials for animal health products.
Europe Animal Health Market Report Segmentation
This report forecasts revenue growth at a regional and country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Europe animal health market report based on product, animal type, end-use, distribution channel and country.
Product Outlook (Revenue, USD Billion, 2018 - 2030)
Biologics
Vaccines
Modified/ Attenuated Live
Inactivated (Killed)
Other Vaccines
Other Biologics
Pharmaceuticals
Parasiticides
Anti-infectives
Anti-inflammatory
Analgesics
Others
Medicinal Feed Additives
Diagnostics
Consumables, reagents and kits
Instruments and devices
Equipment & Disposables
Critical Care Consumables
Anesthesia Equipment
Fluid Management Equipment
Temperature Management Equipment
Rescue & Resuscitation Equipment
Research Equipment
Patient Monitoring Equipment
Others
Veterinary Telehealth
Veterinary Software
Livestock Monitoring
Animal Type Outlook (Revenue, USD Billion, 2018 - 2030)
Production Animals
Poultry
Swine
Cattle
Sheep & Goats
Fish
Companion Animals
Dogs
Cats
Horses
Others
End-use Outlook (Revenue, USD Billion, 2018 - 2030)
Veterinary Reference Laboratories
Point-of-care Testing/In-house Testing
Veterinary Hospitals & Clinics
Others
Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Retail
E-Commerce
Hospital/ Clinic Pharmacy
Country Outlook (Revenue, USD Billion, 2018 - 2030)
Germany
France
Italy
Spain
Switzerland
Netherlands
Russia
Sweden
UK
Poland
Ireland
Order a free sample PDF of the Europe Animal Health Market Intelligence Study, published by Grand View Research.
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