Point of care diagnostics market size was valued at $29,478.63 million in 2020, and is estimated to reach $55.3 Billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Rise in prevalence of chronic diseases such as diabetes, rheumatism, and cancer and several supportive initiatives implemented by government and non-government organizations drive the growth of the global point of care diagnostics (POC) market. However, stringent government regulations for approval of POC diagnostic devices and reimbursement issues restrain the market growth. On the other hand, technological advancements in POC diagnostic devices and advent of home-based POC devices present new opportunities in the coming years.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
- Johnson and Johnson
- Sysmex Corporation
- Nova Biomedical
- Danaher Corporation
- Becton Dickinson and Company
- bioMrieux SA
- Abbott Laboratories
- Siemens AG
- Hoffmann La Roche Ltd
- Sinocare Inc.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/161
- Owing to surge in the prevalence of Covid-19 infection across the world, the demand for point of care diagnostics kits such as Covid-19 rapid kits for detection of coronavirus increased. This led to the market growth during the pandemic.
- Development activities of various testing and monitoring kits increased considerably. However, lockdown restrictions and supply chain disruptions posed challenges in distribution and created a supply-chain gap.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/161
Based on product, the glucose monitoring kits segment accounted for the highest share in 2020, contributing to more than two-fifths of the global point of care diagnostics market, and is expected to continue its leadership status by 2030. This is attributed to rise in prevalence of target diseases such as diabetes. However, the infectious diseases testing kits segment is estimated to witness the largest CAGR of 12.7% from 2021 to 2030, owing to rise in prevalence of infectious diseases such as hepatitis, influenza, Covid-19, & human immunodeficiency virus (HIV).
Based on end user, the professional diagnostic centers segment held the highest market share in 2020, contributing to more than half of the global point of care diagnostics market, and is projected to maintain its dominance in terms of revenue throughout the forecast period. This is due to access to novel diagnostic technologies, improvement in healthcare coverage, and affordability. However, the research laboratories segment is expected to manifest the fastest CAGR of 7.8% from 2021 to 2030. This is due to surge in prevalence of various chronic and infectious diseases globally.
Based on region, North America contributed to the highest market share in terms of revenue in 2020, accounting for around two-fifths of the global point of care diagnostics market, and is projected to continue its lead position by 2030. This is attributed to surge in Covid-19 cases in the U.S. and Canada. However, Asia-Pacific is estimated to register the fastest CAGR of 7.8% during the forecast period. This is due to development of healthcare infrastructure and high prevalence of chronic and targeted diseases such as diabetes, cancer, and others.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Minimally Invasive Surgical Market
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