New Study: The Near Patient Molecular Solution Market Enhancement in Various Sector 2023 to 2030 Market Will Radically Change Globally in Next Eight Years | Abbott Laboratories, Becton, Dickinson and Company.

Point-of-care diagnosis, or near patient molecular solution, is a diagnostic tool that enables doctors to make health assessments and keep tabs on patients without having to travel to an offsite clinic. Patient-friendly innovations in healthcare include smartphone apps for basic health monitoring, wearable devices, and biosensors. The goal is to give patients more convenient alternatives to traditional lab-based tests that still yield reliable results in a shorter amount of time.

The market for NPMS (near patient molecular solution) is growing rapidly due to factors including the rising prevalence of chronic diseases like cardiovascular disorders and diabetes in emerging economies, the rising liking for home-based point-of-care devices, technological advancements, and the widespread availability of simple to use devices. It has been estimated by the Institute for Health Metrics and Evaluation (IHME) that the number of deaths caused by cardiovascular diseases increased by 41% between 1990 and 2013, from 12.3 Mn to 17.3 Mn. With 1.8 Mn more deaths in 2013 than in 1990, an alarming increase of 97%, South Asia had the greatest rise in total deaths.

The need for point-of-care diagnosis has prompted manufacturers to concentrate on creating tools that yield accurate findings rapidly and require minimal user training. The market for NPMS (near patient molecular solution) is expected to grow, but it will be hampered by a lack of trained personnel to operate the necessary equipment.

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Market for NPMS (near patient molecular solution) taxonomy

Based on technology, the market for near patient molecular solution is divided as follows:

On the basis of PCR: Idylla is a system that utilizes real-time polymerase chain reaction to provide doctors with accurate and timely clinical molecular diagnostic information. Through personalized medicine, each patient can receive care that is more tailored to their specific needs.

On the basis of Genetic Sequencing: There are currently available platforms for accurate point-of-care genetic analysis and assessment of DNA data. In the near future, we can anticipate rapid DNA analysis gaining popularity.

On the basis of Hybridization: To determine the relative abundance of 16S ribosomal RNA (rRNA) in RNA extracted from environmental samples, a peptide nucleic acid (PNA) molecular beacon probe is employed.

The global market for NPMS (near patient molecular solution) can be broken down into submarkets such as infectious disease testing kits, pregnancy and fertility kits, haematology testing kits, glucose monitoring kits, and urinalysis testing kits,  among others, based on the various applications they are used for. Tuberculosis, hepatitis, human immunodeficiency virus, and malaria are the subsets of infectious disease kits.

In hospitals and private clinics, the rapid turnaround times of Near Patient Molecular Solutions are a huge benefit

Hospitals, home healthcare providers, research labs, and diagnostic labs are just some of the places where near patient molecular solution or POC devices are put to use. Utilizing molecular solutions close to the patient allows doctors to see patients quickly in outpatient settings.

Prominent Market in North America, Asia Is a Region with Huge Untapped Potential

When it comes to the diagnosis of infectious diseases, molecular diagnostics kits have a potential customer base in North America. This is as a result of the region’s high incidence of infectious diseases, heightened patient awareness, and rapid adoption of molecular diagnostic tools. Rapid expansion of the market for NPMS (near patient molecular solution) is expected in Asia due to rising research and development efforts and rising public awareness of contagious diseases and their diagnostic tests. Additionally, rising populations and personal income in developing nations like India and China are anticipated to fuel future expansion of the market for NPMS (near patient molecular solution).

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Worldwide players engaged in the market of near patient molecular solution

The main companies participating in the market of molecular diagnostics worldwide are Abbott Laboratories, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Siemens AG, Veridex, LLC, Luminex Corp., and GenMark Diagnostics. Most businesses vying for a share of the market for NPMS (near patient molecular solution) is concentrating on incorporating cutting-edge technologies into their product lines. In November of 2016, Abbott’s i-STAT Alinity portable blood testing platform obtained CE mark. In November 2016, Siemens Healthineers bought Conworx Technology to expand its point-of-care informatics offerings. The major players in this market are investing heavily in R&D to find ways to set them apart from the competition and drive the market’s rapid expansion into the future.

Key Developments

1. To increase their market share and diversify their product offerings, market leaders are focusing on new product launches and other business strategies. For instance, the 23rd IFCC-EFLM European Congress of Clinical Chemistry and Laboratory Medicine was held in Barcelona, Spain in May of 2019. This is where Siemens Healthineers, a subsidiary of Siemens AG, introduced their Atellica Solution. Atelllica was created to solve typical problems found in clinical labs.
2. Market leaders are implementing various business strategies, such as pursuing regulatory certification, to strengthen their foothold in the industry. The BD COR System, manufactured by Becton, Dickinson and Company, was, for instance, granted CE-IVDD certification in Europe in June 2019. This innovative high-throughput solution for molecular testing automation is a game-changer in the diagnosis of disease.
3. Market leaders are implementing various business strategies, such as pursuing regulatory certification, to strengthen their foothold in the industry. For instance, the BD MAX enteric viral panel developed by Becton, Dickinson and Company and approved by the U.S. Food and Drug Administration 510(k) in December 2018 is one such example. An enteric viral pathogen molecular diagnostic test for direct qualitative detection and differentiation.

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Near Patient Molecular Solution Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Near Patient Molecular Solution Industry Impact

Chapter 2 Global Near Patient Molecular Solution Competition by Types, Applications, and Top Regions and Countries
2.1 Global Near Patient Molecular Solution (Volume and Value) by Type
2.3 Global Near Patient Molecular Solution (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Near Patient Molecular Solution Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Near Patient Molecular Solution Market Analysis
Chapter 6 East Asia Near Patient Molecular Solution Market Analysis
Chapter 7 Europe Near Patient Molecular Solution Market Analysis
Chapter 8 South Asia Near Patient Molecular Solution Market Analysis
Chapter 9 Southeast Asia Near Patient Molecular Solution Market Analysis
Chapter 10 Middle East Near Patient Molecular Solution Market Analysis
Chapter 11 Africa Near Patient Molecular Solution Market Analysis
Chapter 12 Oceania Near Patient Molecular Solution Market Analysis
Chapter 13 South America Near Patient Molecular Solution Market Analysis
Chapter 14 Company Profiles and Key Figures in Near Patient Molecular Solution Business
Chapter 15 Global Near Patient Molecular Solution Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology