The point of care diagnostics market is projected to grow during the forecast period due to the increasing incidences of infectious and chronic diseases. Fortune Business Insights™ publishes this information in a report titled, “Point of Care Diagnostics Market, 2022-2029”. As per the report, the point of care diagnostics market size was valued at USD 46.65 billion in 2021. The market size is expected to rise from USD 36.37 billion in 2022 to USD 51.94 billion by 2029 at a CAGR of 5.2% during the projected period.
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Report Coverage:
The point of care diagnostics market report provides complete information regarding recent developments and trends in the industry. Also, development strategies adopted by the key market players such as mergers, acquisitions, alliances, and partnerships are highlighted further in this report. Furthermore, drivers and restraints affecting the market growth during the forecast period are discussed further in the report. The impact of COVID-19 pandemic on market development and expansion is elaborated further along with the recent launches introduced by the key market players. A list of prominent market players and regional market information is given further in this report.
Drivers & Restraints:
Rising Adoption of Decentralized Healthcare Systems To Propel Growth
The market for point of care diagnostics is expected to grow significantly during the forecast period due to increasing incidences of chronic diseases and the rising spread of infectious diseases. Also, the growing inclination towards decentralized health systems is expected to drive the market. Furthermore, key market players’ adoption of recent developments and technological advancements in the industry is projected to fuel the market during the forecast period. These factors are expected to ensure point of care diagnostics market growth in the coming years.
However, increasing risks and lack of accuracy in test conduction may hamper the market growth.
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Regional Insights:
North America Holds Highest Market Share Due to Favorable Reimbursement Policies
North America dominates the global point of care diagnostics market share due to increasing cases of infectious diseases and the rising prevalence of chronic diseases among the population. The North American market stood at USD 14.48 billion in 2021. The regional market growth is expected to continue during the forecast period due to favorable reimbursement policies that are anticipated to boost the service demand.
Europe is expected to hold the second-highest position in the global market during the forecast period due to the increasing production of innovative products. Also, increasing government investment in R&D is expected to drive regional market growth.
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Segmentations:
| Point of Care Diagnostics Market Segmentation | By Product
· Blood Glucose Monitoring · Infectious Disease Testing · Cardiometabolic Disease Testing · Pregnancy & Fertility Testing · Hematology Testing · Others |
| BySample
· Blood · Nasal and Oropharyngeal Swabs · Urine · Others |
|
| ByEnd-User
· Hospital Bedside · Physician’s Office Lab · Urgent Care & Retail Clinics · Home & Self testing |
|
| ByGeography
· North America (By Product, By Sample, By End-User, and By Country) · Europe (By Product, By Sample, By End-User, and By Country) · Asia Pacific (By Product, By Sample, By End-User, and By Country) · Latin America (By Product, By Sample, By End-User, and By Country) · Middle East & Africa (By Product, By Sample, By End-User, and By Country) · Rest of Middle East & Africa ( By Product) |
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List of Key Players Profiled in Market Report For Point of Care Diagnostics:
- Hoffmann-La Roche Ltd (Switzerland)
- Thermo Fisher Scientific Inc. (U.S.)
- Abbott Laboratories (U.S.)
- Quest Diagnostics Incorporated (U.S.)
- BD (U.S.)
- bioMérieux SA (France)
- Cardinal Health, Inc. (U.S.)
- Mesa Biotech (U.S.)
- Cepheid (U.S.)
- Trinity Biotech (Ireland)
- Quidel Corporation (U.S.)
- Bio-Rad Laboratories Inc. (U.S.)
Detailed Table of Content:
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Point of care Diagnostics Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Key Disease Indications– For Key Country/Region
- Technological Advancements in the Point-of-care (POC) Diagnostics
- New Product Launch
- Overview of Regulatory Scenario
- Key Industry Developments – Mergers, Acquisitions, and Partnerships
- Overview of COVID-19 Impact on POC Diagnostics Market
- Major Factors Driving the Impact of COVID-19
- Reimbursement Changes in Response to COVID-19 Impact
- Opportunities Offered by the Impact of COVID-19
- Global Point of care Diagnostics Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Blood Glucose Monitoring
- Infectious Diseases
- Cardiometabolic Diseases
- Pregnancy & Infertility Testing
- Hematology Testing
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospital Bedside
- Physician’s Office Lab
- Urgent Care & Retail Clinics
- Homecare/Self-testing
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TOC Continued….
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