Shift in diagnostics from centralized labs toward practitioners’ offices expected to drive market growth.
Shift in diagnostics from centralized labs toward practitioners’ offices expected to drive market growth.
The global primary care POC diagnostics market size is expected to reach USD 9.5 billion by 2028 registering a CAGR of 3.4% over the forecast period, according to the latest report by Reports and Data. Major factor driving market revenue growth is paradigm shift in diagnostics from centralized labs toward practitioners’ offices.
Point-of-care tests (POCTs) are testing services performed in a hospital consultation rather than in a conventional central laboratory, using small analytical instruments to analyse blood, saliva, urine, and faeces. Studies in Europe have shown that POCTs are useful in primary care.
POC diagnostics assists users in increasing productivity, simplifying processes and procedures, complying with regulatory and performance standards, and reducing staff pressure. The primary care POC diagnostics market will be driven by a combination of primary care and efficacity POC diagnostics, which will increase the field of healthcare dramatically over the forecast period.
According to estimates, the reduced cost of waiting for results saves up to USD 260 per patient. This will help patients reduce their waiting time by up to 46 minutes per patient. Such advantages are projected to boost the demand for primary care point-of-care diagnostics.
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POC devices must go through a lengthy approval process, which is one of the major factors restraining market growth. Manufacturers must effectively demonstrate that healthcare practitioners and patients can use POCT instruments and achieve outcomes that are comparable to clinical laboratory tests before they can be released for use. This can be a time-consuming method, which may hinder the growth of primary care POC diagnostic market to a certain extent.
Some Key Highlights in the Report:
- The glucose testing segment accounted for largest market share in 2020. Increasing adoption of glucose monitoring devices, expanding diabetic population, and growing awareness about keeping glucose level in check are factors that will drive the segment’s revenue growth.
- The physician’s office segment accounted for largest revenue share among the end use segments in 2020.
- Pharmacy and retail clinics segment is expected to be another fastest-growing segment. This growth is due to increase in the number of patients needing chronic disease tests at pharmacies and the availability of point-of-care testing at pharmacies and retail clinics.
- Market revenue from North America primary care POC diagnostics market is expected to grow at a significantly high rate over the forecast period due to presence of major market players in the region offering better tools for primary care settings.
- Asia Pacific region is expected to hold considerable revenue share due to initiatives taken in various governments for better access to primary care and integration of POC diagnostics into primary care settings.
- Some of the prominent players in the primary care POC diagnostics market include Roche Diagnostics, BD Biosciences, Danaher Corporation, Abbott Laboratories, Instrumentation Laboratory, bioMerieux, Siemens Healthcare, and Quidel Corporation.
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the global primary care POC diagnostics market on the basis of product, end use and region:
Product Outlook (Revenue, USD Billion; 2018 – 2028)
- Glucose Testing
- Hb1Ac Testing
- Coagulation
- Fertility
- Infectious Diseases
- Cardiac Markers
- Thyroid Stimulating Hormone
- Haematology
- Primary Care Systems
- Decentralized Clinical Chemistry
- Faeces
- Lipid Testing
- Cancer Marker
- Blood Gas/Electrolytes
- Ambulatory Chemistry
- Drug Abuse Testing
- Urinalysis
By End Use Outlook (Revenue, USD Billion; 2018 – 2028)
- Pharmacy & Retail Clinics
- Physician Office
- Urgent Care Clinics
- Non-practice Clinics
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Region Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) 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 2018 and 2028.
- 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.
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- 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.
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