Rising prevalence of infectious and chronic diseases and growing awareness about patient care in the PoC diagnostics market are the key factors driving market revenue growth.
Rising prevalence of infectious and chronic diseases and growing awareness about patient care in the PoC diagnostics market are the key factors driving market revenue growth.
Global Point of Care (PoC) diagnostics market size is expected to reach USD 89.55 Billion in 2030 and register a revenue CAGR of 10.2% over the forecast period, according to the latest report by Reports and Data. Rise in prevalence of infectious and chronic diseases and increase in awareness of PoC diagnostics products among the global population are key factors driving market revenue growth over the forecast period.
Increase in prevalence of chronic and infectious diseases and subsequent demand for better treatment and rapid detection of diagnostics services cause a heavy burden on traditional diagnostic mechanism. This leads to an increase in demand for PoC diagnostics products. Diagnosis at patient care units is efficient and results in quick turn-around time, concordant with laboratories, and helps in rapid management of diseases, boosting market growth over the forecast period.
PoC technologies that decentralized rapid and low-cost diagnostics of COVID-19 infection are the need of the hour. The commercialization of technologies helped develop fast PoC molecular diagnostics tests that help detect and prevent the spread. Thus, developments of innovative products encourage adoption of these technologies. Growing demand for rapid diagnosis test kits is projected to impact the PoC diagnostics market growth positively.
However, even though PoC devices are highly efficient and help in the rapid management of diseases, strict regulatory policies regarding approval and commercialization are one of the major hindrances that impact the mobility and market growth. On the basis of patient requirements and cases, the PoC test cost can be higher than tests conducted in traditional laboratories.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1507
Some Key Highlights in the Report
- Hospital/critical care center segment is expected to lead the global market in terms of revenue contribution due to increased awareness regarding early diagnosis of chronic diseases such as diabetes and others. In addition, demand for rapid tests and early management of diseases are key factors that are expected to propel growth of the segment.
- Lateral flow assay segment is expected to account for the largest market share in the PoC diagnostics market over the forecast period. Growth of the segment is expected to be driven by increase in focus on replacing time-consuming and traditional laboratory techniques. Due to the low cost and clinical utility, lateral flow assays are a popular platform for PoC diagnostics.
- Asia Pacific is expected to register a rapid revenue growth rate over the forecast period due to the presence of several key players, lower regularity hurdles, and rise in awareness and accessibility of innovative PoC diagnostics products.
- Companies profiled in the global market report include Abbott Laboratories Inc, AccuBioTech Co Ltd., BioMérieux SA, Bio-Rad Laboratories Inc., Becton, Dickinson and Company, Chembio Diagnostics Systems Inc., Danaher Corporation, EKF Diagnostics, Hoffmann-La Roche, Instrumentation Laboratory, Johnson & Johnson, Nova Biomedical Corporation, PTS Diagnostics, Siemens Healthineers, QUIGEN GmbH, and Quidel Corporation.
- With rise in infectious diseases, particularly SARS-CoV-2, across the globe, in March 2020, Abbott launched ID NOW platform for rapid testing of novel coronavirus. It is a small, portable, light weighing device that uses molecular technology, and its results are valued by clinicians and the scientific community for its high accuracy.
- In April 2021, IIT Kharagpur conducted the global launch of COVIRAP, nucleic-acid-based PoC diagnostic devices. The device delivers results within 45 minutes of obtaining patients’ samples. Again significantly, My Lab in Feb 2022 launched the “CoviSwift” point of care RT PCR test for COVID-19, which drives growth of the PoC diagnostic market in the Asia Pacific.
- In April 2021, Celltrion Inc received FDA emergency use authorization for Point of Care antigen rapid test kit DiaTrust COVID-19 Ag Rapid Test. It detects the infection and produces results within 15 minutes.
Get In detailed Research Study @ https://www.reportsanddata.com/report-detail/point-of-care-poc-diagnostics-market
For this report, Reports and Data has segmented the global Point of Care (PoC) diagnostic market based on product type, application, purchase mode, end-use, and region.
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Glucose Monitoring Product
- Strips
- Meter
- Lancet & Lancing Platform
- Cardio Metabolic Testing Product
- Cardiac Marker Testing Product
- Blood Gas / Electrolysis Testing Product
- HBA1c Testing Product
- Infectious Disease Testing Product
- Influenza Testing Product
- HIV Testing Products
- Sexually Transmitted Diseases (STD) Testing Products
- Respiratory Infection Testing Products
- Hepatitis C Testing Products
- Other Infectious Diseases Testing Products
- Coagulation Testing Product
- PT / INR Testing Product
- ACT / APTT Testing Products
- Tumor/Cancer Marker Testing Products
- Urinalysis Testing Products
- Pregnancy and Fertility Testing Products
- Pregnancy Testing Products
- Fertility Testing Products
- Hematology Testing Products
- Cholesterol Testing Product
- Drug-of-abuse Testing Product
- Fecal Occult Testing Products
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Lateral Flow Assays
- Immunoassays
- Biosensors
- Dipsticks
- Microfluidics
- Molecular Diagnostics
- Others
Purchase Mode Outlook (Revenue, USD Billion; 2019-2030)
- Prescription-based Testing
- OTC Testing
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals / Critical Care Centers
- Research Laboratories
- Homecare
- Others
Download Summary @ https://www.reportsanddata.com/download-summary-form/1507
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/1507
Some points on how the report benefits stakeholders:
- The reports include historical (2019–2020) and forecast (2021–2030) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
Explore Latest Trending Research Reports By Reports and Data’s
Esomeprazole Sodium Market Size, Share And Industry Analysis By Type (Purity: 99%, Purity: Above 99%, and Others), By Dosage (Tablets, Capsules, and Others), By Application (Gastro Oesophageal Reflux Disease, Duodenal Ulcers, and Others), By Distribution Channel, and By Region Forecast To 2028
Pediatric Radiology Market By Modality (Ultrasound, MRI, X-Ray, Computed Tomography), By End-use (Hospitals, Pediatric Clinics, Diagnostic Centers, Other), and By Region Forecast to 2028
Dental Gypsum Market Size, Share And Industry Analysis By Type (Dental Plaster, Model Dental Stone, and Die Dental Stone), By Application (Hospital, Clinics, and Others), and By Region Forecast To 2028
Digital Health Market By Component (Hardware, Software, Services), By Technology (Telehealth, Mobile Health, Digital Health Systems, Healthcare Analytics), By End-use (Hospitals & Clinics, Diagnostic Centers, Others), and By Region Forecast to 2028 By Component (Hardware, Software, Services), By Technology (Telehealth, Mobile Health, Digital Health Systems, Healthcare Analytics), By End-use (Hospitals & Clinics, Diagnostic Centers, Others), and By Region Forecast to 2028
Spinal Machined Bone Allograft Market Size, Share & Analysis, By Product Type (Metal, Composites, Ceramics, Others), By Application (Anterior Lumbar Interbody Fusion (ALIF), Posterior Lumbar Interbody Fusion (PLIF), Transforaminal Lumbar Interbody Fusion (TLIF), Others), And By Region, Forecast To 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-point-of-care-poc-diagnostics-market