#Point-of-Care Diagnostics Market

[businesspointnews]

Point-of-Care Diagnostics Market Trends, Size, Growth, Leading Companies and Industry Report 2023-2028

IMARC Group has recently released a new research study titled “Point-of-Care Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. How big is the point-of-care diagnostics…

[shital1998]

TOP 10 COMPANIES IN POINT OF CARE DIAGNOSTICS MARKET

[aarunresearcher]

United States point of care diagnostics market size is projected to exhibit a growth rate (CAGR) of 6.90% during 2024-2032. Numerous advancements in portable and handheld diagnostic devices have enhanced the convenience and user-friendliness of testing, which is primarily driving the market growth.

[wissenresearchllc]

Point-of-Care Diagnostics Market: A New Era in Quick Healthcare Solutions

The Point-of-Care (POC) diagnostics market is on the rise, fueled by the growing need for rapid and convenient healthcare solutions. POC testing delivers accurate results for conditions like diabetes and infections directly to patients, minimizing the need for centralized lab testing. This advancement not only enhances patient care but also contributes to the efficiency of global healthcare systems. For deeper insights into this transformative market, visit Wissen Research's analysis here.

[janetushar1]

Point of Care Diagnostics Market to Hit $95.89 Billion by 2032

The global Point of Care Diagnostics Market was valued at USD 45.06 Billion in 2024 and it is estimated to garner USD 95.89 Billion by 2032 with a registered CAGR of 9.9% during the forecast period 2024 to 2032.

Are you looking for the Point of Care Diagnostics Market Research Report? You are at the right place. If you desire to find out more data about the report or want customization, Contact us. If you want any unique requirements, please allow us to customize and we will offer you the report as you want.

The global Point of Care Diagnostics Market can be segmented on the basis of product type, Applications, distribution channel, market value, volume, and region [North America, Europe, Asia Pacific, Latin America, Middle East, and Africa]. The Point of Care Diagnostics Industry 2024 report provides a comprehensive overview of critical elements of the industry including drivers, restraints, and management scenarios.

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Top Players

F. Hoffmann-La Roche Ltd., Qiagen, Danaher Corp., Becton Dickinson (BD), Biomerieux SA, Abbott Laboratories, Siemens Healthcare AG, Zoetis Inc., Instrumentation Laboratory, Nova Biomedical, Trividia Health Inc., Quidel Corp., Trinity Biotech, Sekisui Diagnostics, Orasure Technologies Inc., Nipro Corp., Spectral Medical Inc. and others.

Trending 2024: Point of Care Diagnostics Market Report Highlights:

A comprehensive assessment of the parent Industry

Development of key aspects of the business

A study of industry-wide market segments

Evaluation of market value and volume in past, present, and future years

Evaluation of market share

Tactical approaches of market leaders

Innovative strategies that help companies to improve their position in the market

You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/point-of-care-diagnostics-market-1821/0

Analysis Of The Top Companies, Product Types, and Applications In The Market Report:

This report provides sales, revenue growth rate, and verified information about the major players. Also includes a regional analysis and a labor cost analysis, tables, and figures. It also highlights characteristics such as technological growth. The product type segment is expected to continue to maintain its leading position in the future and capture a significant market share based on sales. This report provides analysis, discussion, forecast, and debate on key industry trends, market share estimates, Industry size, and other information. This report also discusses drivers, risks, and opportunities.

Global Point of Care Diagnostics Market report contains detailed data and analysis on the Point of Care Diagnostics Market drivers, restraints, and opportunities. Experts with market and industry knowledge as well as research experience from regional experts validate the report. The Point of Care Diagnostics Market report provides forecast, historical and current revenue for each industry, region, and end-user segment.

Regions Included

-North America [United States, Canada, Mexico]

-South America [Brazil, Argentina, Columbia, Chile, Peru]

-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

-Middle East & Africa [GCC, North Africa, South Africa]

-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

Global Point of Care Diagnostics Market report data will help you make more informed decisions. For example, in relation to prices, distribution channels are means of marketing or identifying opportunities to introduce a new product or service. These results will also help you make more informed decisions about your existing operations and activities.

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/point-of-care-diagnostics-market-1821

You Can Use The Point of Care Diagnostics Market Report To Answer The Following Questions:

What are the growth prospects of the Point of Care Diagnostics Market business?

Who are the key manufacturers in the Point of Care Diagnostics Market space?

What Forecast Period for Global Point of Care Diagnostics Industry Report?

What are the main segments of the global Point of Care Diagnostics Market?

What are the key metrics like opportunities and market drivers?

The Point of Care Diagnostics Market Insights

Product Development/Innovation: Detailed Information On Upcoming Technologies, R&D Activities, And Product Launches In The Market.

Competitive Assessment: In-Depth Assessment Of Market Strategies, Geographic And Business Segments Of Key Market Players.

Market Development: Comprehensive Information On Emerging Markets. This Report Analyzes The Market For Different Segments In Different Regions.

Market Diversification: Comprehensive Information On New Products, Untapped Regions, Latest Developments, And Investments In The Point of Care Diagnostics Market.

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[marketsndata]

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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[businesspointnews]

Point-of-Care Diagnostics Market Share, Size, Trends and Outlook 2023-2028

IMARC Group has recently released a new research study titled “Point-of-Care Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.How big is the point-of-care diagnostics…

[healthcaremarketanalysis]

Point of Care Diagnostics Market worth $77.8 billion by 2028

The global point-of-care diagnostics market, valued at $49.7 billion in 2023, is projected to reach $77.8 billion by 2028, growing at a CAGR of 9.4%. Key drivers include the rising prevalence of infectious diseases like influenza, HIV, and tuberculosis, supportive government policies, and the shift towards healthcare decentralization. Challenges include pricing pressures due to reimbursement cuts and stringent regulatory approvals. Significant growth opportunities exist in emerging markets like China, India, Brazil, and Mexico. In 2022, glucose monitoring products held a significant market share, with lateral flow assays leading by platform. Major players include Abbott Laboratories, F. Hoffman-La Roche Ltd., BD, Danaher Corporation, and Siemens Healthineers. Recent developments feature FDA approvals for new diagnostic panels by bioMérieux and BD, and a partnership between Thermo Fisher Scientific and Project HOPE to expand HIV testing in Sub-Saharan Africa.

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The Lateral Flow Assays segment, by platform, is expected to register the largest market share of the global point of care diagnostics industry in 2022.

Based on platform, the point-of-care diagnostics market is segmented into lateral flow assays, immunoassays, microfluidics, dipsticks, and molecular diagnostics. The lateral flow assays segment dominated this market with a share of in 2022.Lateral flow assays are simple in usage, relatively inexpensive, making it more accessible for patients and healthcare provider, LFA technology does not require trained person to operate, allowing them to be used in various healthcare settings, from clinics and pharmacies to  remote arears, promoting healthcare decentralization. All these factors are contributing towards the dominance of lateral flow technology in point of care diagnostics market.

The OTC testing product segment, by mode of purchase, to dominate the global point of care diagnostics industry in 2022.

On the basis of mode of purchase OTC testing products segment accounted the largest market share in 2022 attributed to the increasing adoption of OTC products owing to its ease of usage and convenience. The presence of diverse range of OTC point of care devices for diseases screening, personal health monitoring and various other conditions further contribute to the rising demand for OTC PoC testing devices among consumers.

North America to account for the largest share of point of care diagnostics industry during the forecast period.

North America is the expected to be the largest regional market for point of care diagnostics during the forecast period. The presence of a well-established healthcare system, rapid adoption of advanced point of care testing products, increase in the availability of medical reimbursement, favourable government support for the novel product development, and higher user awareness about the presence of point of care testing products are anticipated to support the market growth in the region

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Point of Care Diagnostics Market Dynamics:

Drivers:

Rising incidence of infectious diseases

Increasing prevalence of target conditions

Favorable government initiatives for POC testing

Rising number of CLIA-waived POC tests

Restraints:

Pricing pressure on POC manufacturers

Stringent regulatory approval process for product commercialization

Opportunities:

High growth potential of emerging markets

Decentralization of healthcare

Innovative product development

Challenge:

Inadequate standardization with centralized lab methods

Limited awareness in emerging markets

Premium pricing of novel platforms

Key Market Players of Point of Care Diagnostics Industry:

As of 2022, the point of care diagnostics market was dominated by Abbott Laboratories (US), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), and Becton, Dickinson and Company (US)

Point of Care Diagnostics Market - Key Benefits of Buying the Report:

The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.

This report provides insights on the following pointers:

Analysis of Key divers (rising prevalence of infectious and chronic disease, growing adoption of self-testing kits, helathacre decentralization, rising number of CLIA-wavier Poc Tests), restraints (rising pricing pressure on PoC manufactures, stringent regulatory approval procedures for new PoC devices), Opportunities (emerging markets, emerging technologies, such s microfluidics) , Challenge (Training & education in low resource countries)

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the point-of-care diagnostics market

Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the point-of-care diagnostics market

Market Development: Comprehensive information on lucrative emerging regions

Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the point-of-care diagnostics market

Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

Related Links:

[shital1998]

Point Of Care Diagnostics Market - Global Opportunity Analysis and Industry Forecast (2022-2029)

Meticulous Research®—a leading global market research company, published a research report titled, ‘Point-of-care Diagnostics Market by Application (Influenza, Pneumonia, COVID-19, TB, HAI, Hepatitis, HIV, Glucose, Coagulation, Hematology, Cancer, Cardiac), Platform, Purchase Mode (Prescription, OTC), End User (Home Care, Hospital)—Global Forecast to 2029.’

According to this latest publication from Meticulous Research®, the point-of-care diagnostics market is expected to reach $82.74 billion by 2029, at a CAGR of 7.4%. The growth of this market is driven by the increasing prevalence of chronic diseases and the rapidly growing demand for cost-effective and innovative POC diagnostic products.

Point-of-care Diagnostics Market: Future Outlook

The point-of-care diagnostics market is segmented based on Application (Infectious Disease Testing {Respiratory Infections Testing [Influenza, Tuberculosis, Pneumonia, Other Respiratory Infections], Healthcare-Associated Infection (HAI) Testing, Parasitic Infections, Gastrointestinal infections [Salmonellosis, E. coli Infections, Other GI infections], Blood-borne Infections Testing [Hepatitis, HIV, Other Blood-borne infections], Other Infectious Diseases testing}, Blood Glucose Monitoring {Test Strips, Glucometers, Lancets, Hemoglobin A1c Test Kits}, Cardiac Marker/Cardiac Metabolism, COVID-19 Testing, Coagulation Test {Prothrombin Time (PT/INR) Test, Activated Clotting Time (ACT/aPTT) Test, Other Tests}, Pregnancy and Fertility Testing {Pregnancy Test, Fertility Test}, Fecal Occult Testing, Hematology, Tumor/Cancer Markers Testing, Drugs of Abuse Test, Urinalysis, Cholesterol/lipid profile Testing, Other PoC Tests), Platform (Lateral Flow Assays, Molecular Diagnostics, Other Platforms), Mode of Purchase (Prescription-based Tests, Over-the-counter Tests), End User (Home Care/Self Testing, Hospitals, Physician offices & Ambulatory Care Settings, Diagnostics Labs, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.

Download Sample Report Here:https://www.meticulousresearch.com/download-sample-report/cp_id=4871

Scope of the Report:

 Point-of-care Diagnostics Market, by Application

·         Infectious Diseases Testing

o    Respiratory Infections Testing

§  Influenza

§  Tuberculosis (TB)

§  Pneumonia

§  Other Respiratory Infections

o    Healthcare-Associated Infection (HAI) Testing

o    Parasitic Infections

o    Gastrointestinal (GI) Infections

§  Salmonellosis

§  E. coli Infections

§  Other GI Infections

o    Blood-borne Infections Testing

§  Hepatitis

§  HIV

§  Other Blood-borne Infections

o    Other Infectious Disease Testing

·         Blood Glucose Monitoring

o    Test Strips

o    Glucometers

o    Lancets

o    Hemoglobin A1c Test Kits

·         Cardiac Marker / Cardiac Metabolism Testing

·         COVID-19 Testing

·         Coagulation Tests

o    Prothrombin Time (PT/INR) Tests

o    Activated Clotting Time (ACT/aPTT) Tests

o    Other Coagulation Tests

·         Pregnancy and Fertility Testing

o    Pregnancy Tests

o    Fertility Tests

·         Fecal Occult Testing

·         Hematology

·         Tumor/Cancer Markers Testing

·         Drugs of Abuse Test

·         Urinalysis

·         Cholesterol/Lipid Profile Testing

·         Other PoC Tests

Point-of-care Diagnostics Market, by Platform

·         Lateral Flow Assays

·         Molecular Diagnostics

·         Other Platforms

Point-of-care Market, by Mode of Purchase

·         Prescription-based Tests

·         Over-the-Counter (OTC) Tests

Point-of-care Market, by End User

·         Home Care/Self Testing

·         Hospitals

·         Physician offices & Ambulatory Care Settings

·         Diagnostics Labs

·         Other End Users

Point-of-care Diagnostics Market, by Geography

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

o    France

o    Italy

o    Spain

o    Rest of Europe (RoE)

·         Asia-Pacific (APAC)

o    China

o    Japan

o    India

o    Rest of APAC (RoAPAC)

·         Latin America (LATAM)

o    Brazil

o    Mexico

o    Rest of Latin America (RoLATAM)

·         Middle East & Africa

Speak with Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4871

Based on application, in 2022, the infectious diseases testing segment is expected to account for the largest share of the point-of-care diagnostics market. The large market share of this segment is attributed to the COVID-19 outbreak, the high prevalence of other infectious diseases, and the increase in accessibility to rapid disease diagnosis.

Based on platform, the point-of-care diagnostics market is segmented into lateral flow assays, molecular diagnostics, and other platforms. In 2022, the lateral flow assays segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the affordability, accessibility, ease of use, and clinical utility of lateral flow assays in POC applications.

Based on mode of purchase, in 2022, the prescription-based tests segment is expected to account for the largest share of the point-of-care diagnostics market. Prescription-based point-of-care diagnostics products are used for critical care, infectious disease, cardiac markers, coagulation, hematology and other health conditions. The increase in prescriptions for these devices has contributed to the large market share of this segment.

Based on end user, in 2022, the hospitals segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the high demand for point-of-care diagnostics in emergency departments of hospitals. Rapid diagnosis has become crucial in emergency departments to reduce overcrowding due to increased primary care referrals. Connecting point-of-care devices to hospital information systems linked with electronic medical records offers several benefits, including faster access to clinical information, the ability to communicate test results more quickly, and eliminating challenges associated with reading errors. Point-of-care diagnostics products help hospitals improve overall efficiency by enabling quick monitoring, prognosis, and operational decision-making, driving their adoption in hospital settings.

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and Middle East & Africa. In 2022, North America is expected to account for the largest share of the point-of-care diagnostics market. North America’s major market share is attributed to the strong penetration of point-of-care diagnostics products, advanced healthcare infrastructure, high healthcare expenditure, and the presence of key market players in the U.S. and Canada.

Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.meticulousresearch.com/product/point-of-care-diagnostics-market-4871

Key Players The key players operating in the point-of-care diagnostics market are Abbott Laboratories (U.S.), Siemens Healthineers AG (Germany), Quidel Corporation (U.S.), F. Hoffman-La Roche Ltd. (Switzerland), Danaher Corporation (U.S.), Becton, Dickinson and Company (U.S.), CHEMBIO DIAGNOSTICS, INC. (U.S.), EKF Diagnostics (U.K.), Trinity Biotech plc (Ireland), Werfen, S.A. (Spain), Nova Biomedical (U.S.), Sekisui Diagnostics (U.S.), Thermo Fisher Scientific (U.S.), and bioMérieux S.A. (France). Key questions answered in the report:

·  Which are the high-growth market segments in terms of application, platform, mode of purchase, end user, and region/country?

·  What was the historical market size for point-of-care diagnostics across the globe?

·  What are the market forecasts and estimates for the period 2022–2029?

·  What are the major drivers, restraints, opportunities, challenges, and trends in the point-of-care diagnostics market?

·  Who are the major players in the point-of-care diagnostics market?

·  How is the competitive landscape, and who are the market leaders in the point-of-care diagnostics market?

·  What are the recent developments in the point-of-care diagnostics market?

·  What are the different strategies adopted by the major players in the point-of-care diagnostics market?

·  What are the geographical trends and high growth regions/countries?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[soumyafwr]

Non-Hospital-Based Point-Of-Care Diagnostic Products Market Size, Overview, Share and Forecast 2031

[health-views-updates]

Point of Care Diagnostics/Testing Market Size: Market Segmentation and Trends

Point of Care Diagnostics/Testing Market Outlook, Scope & Overview:

Industry reports indicate that the global point of care diagnostics/testing market was valued at USD 44.5 billion in 2023 and is projected to reach USD 70.92 billion by 2031, growing at a CAGR of 6% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Point of Care Diagnostics/Testing Market

The adoption of advanced point of care diagnostic techniques will continue to influence global market revenues. Healthcare professionals are increasingly utilizing point of care diagnostics due to their ability to deliver rapid and accurate results, thereby improving patient outcomes and operational efficiency.

As a product type segment, point of care diagnostic devices currently account for a significant share of the global market. This segment is anticipated to grow at a year-over-year rate of 6% in 2024 over 2023 and reach substantial revenues by 2031. The demand for point of care diagnostic devices is expected to rise, driven by factors such as the increasing prevalence of chronic diseases, the need for immediate diagnostic results, and advancements in diagnostic technologies.

Point of Care Diagnostics/Testing – Market Dynamics

Drivers:

Point of care diagnostics/testing represents one of the latest advancements in the global diagnostic market, offering quick and reliable results at the patient's location. The use of point of care diagnostic devices has increased across various medical settings, including hospitals, clinics, and home care. The demand for these devices is driven by the need for immediate diagnostic information, which is crucial for effective disease management and treatment. Additionally, the rise in chronic diseases, such as diabetes and cardiovascular conditions, has further fueled the demand for point of care diagnostics.

Restraints:

Challenges such as the high cost of point of care diagnostic devices and the need for technical expertise to operate these devices are hindering their widespread adoption. Additionally, regulatory hurdles and the risk of inaccurate results due to user error or device malfunction can limit the growth of the market. Despite these challenges, ongoing advancements in technology and increasing investment in healthcare infrastructure are expected to mitigate some of these restraints over the forecast period.

Point of Care Diagnostics/Testing – Market Outlook

The effective diagnostic outcomes from the use of point of care diagnostic devices have significantly boosted the prominence of this technology in the global market. Point of care diagnostic products and devices are observed as the fastest-growing product-type segment in the global market. These devices have gained prominence in North America, which is one of the leading regions in the global point of care diagnostics/testing market.

Global Point of Care Diagnostics/Testing Market

The rise in the installation and adoption of point of care diagnostic systems in the US is expected to register a CAGR of over 6% during the forecast period. As a result, the point of care diagnostics/testing segment in North America is expected to account for significant market revenues by the end of 2031. In Europe, the growth in demand for point of care diagnostic technology is expected to expand at a similar CAGR, reaching substantial market value over the next eight years. The Asia Pacific region is also expected to witness significant growth, driven by increasing healthcare expenditure and the adoption of advanced diagnostic technologies.

Key Players in the Point of Care Diagnostics/Testing Market

Leading companies in the point of care diagnostics/testing market include Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, and Danaher Corporation. These companies are at the forefront of the market, offering a wide range of point of care diagnostic solutions and continuously investing in research and development to enhance their product offerings.

In conclusion, the global point of care diagnostics/testing market is poised for robust growth over the forecast period, driven by technological advancements, increasing prevalence of chronic diseases, and the need for rapid diagnostic results.

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[mitalipingale]

The Point-Of-Care Diagnostics Devices And Equipment Market in 2023 is US$ 32.34 billion, and is expected to register a CAGR of 13.80% in 2023-2031.