Point-of-Care Diagnostics Market Trends, Growth Drivers, Top Companies Analysis and Forecast to 2027
IMARC Group has recently released a new research study titled "Point-of-Care Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
How big is the point-of-care diagnostics market?
The global point-of-care diagnostics market size reached US$ 41.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 69.4 Billion by 2027, exhibiting a growth rate (CAGR) of 9.06% during 2022-2027.
What is point-of-care diagnostics?
Point-of-care (PoC) diagnostics represent the medical testing conducted to analyze several diseases and obtain immediate results. PoC testing usually involves the use of various portable instruments, disposable kits, reusable handheld devices, multifunctional benchtop devices, etc. They aid in the early detection of critical illnesses, thereby simplifying procedures and processes and providing an enhanced patient-centric approach to healthcare. Presently, point-of-care testing essentials are extensively integrated with medical vehicles, including helicopters, air ambulances, airplanes, spacecraft, etc.
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| Point-of-Care Diagnostics Market Report |
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Point-of-Care Diagnostics Market Trends:
The growing prevalence of chronic diseases, which lead to increased morbidity and mortality rates, is one of the key factors augmenting the point-of-care diagnostics market. Additionally, the expanding geriatric population and the rising incidences of infectious diseases, such as human immunodeficiency virus (HIV), acquired immune deficiency syndrome (AIDS), dengue fever, malaria, influenza, etc., which require timely diagnosis and rapid screening are further catalyzing the market growth. Besides this, healthcare professionals can maintain electronic medical records (EMR) and provide more personalized intervention to patients, on account of the development of miniaturized devices and the increasing integration of wireless technology with PoC diagnostics, thereby positively influencing the global market.
Moreover, these records enable the direct transmission of test results from point-of-care devices to a specialist in the lab, thereby reducing the chances of discrepancies in the obtained test results. Apart from this, extensive R&D activities to introduce molecular diagnostic equipment are acting as significant growth-inducing factors. Furthermore, the escalating demand for home-testing cancer kits, which can actively monitor and analyze tumor cells, is anticipated to fuel the point-of-care diagnostics market over the forecasted period.
Top point-of-care Diagnostics companies covered:
- Abbott Laboratories
- Beckman Coulter, Inc.
- Becton, Dickinson and Company
- Hoffmann-La Roche AG
- Instrumentation Laboratory
- Johnson & Johnson
- Nova Biomedical Corporation
- Pts Diagnostics
- Qiagen
- Siemens
- Trinity Biotech
Point-of-Care Diagnostics Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Blood-Glucose Monitoring Kit
- Cardio-Metabolic Monitoring Kit
- Pregnancy and Fertility Testing Kit
- Infectious Disease Testing Kit
- Cholesterol Test Strip
- Hematology Testing Kit
- Others
Breakup by Platform:
- Lateral Flow Assays
- Dipsticks
- Microfluidics
- Molecular Diagnostics
- Immunoassays
Breakup by Prescription Mode:
- Prescription-Based Testing
- OTC Testing
Breakup by End-User:
- Professional Diagnostic Centers
- Home Care
- Research Laboratories
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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