Global Point of Care Diagnostics Market was valued at USD 30.30 billion in 2021 and is expected to reach USD 53.98 billion by the year 2028, at a CAGR of 8.6%.
Point-of-care testing (POCT) is critical for detecting analytes close to the patient, allowing for better disease diagnosis, monitoring, and management. It allows for quick medical decisions because diseases can be diagnosed at an early stage, resulting in better health outcomes for patients by allowing for the early start of treatment. POC testing was first used in 1962 with the development of a method for rapid analysis of blood glucose, and soon after, in 1977, rapid pregnancy tests were developed, ushering in a trend for personalized diagnostics. POC diagnostic devices for monitoring glucose, ECG, blood pressure, and other parameters have greatly aided clinical and personalized healthcare.
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Key Prominent Players In The Point of Care Diagnostics Market:
F. Hoffmann-La Roche Ltd (Basel, Switzerland), Thermo Fisher Scientific Inc. (Massachusetts, U.S.), Abbott Laboratories (Illinois, U.S.), Quest Diagnostics Incorporated (New Jersey, U.S.), BD (Franklin Lakes, U.S.), BioMerieux SA (Marcy l’Etoile, France), Cardinal Health, Inc. (Ohio, U.S.), Mesa Biotech (California, U.S.), Cepheid (California, U.S.), Trinity Biotech (Bray, Ireland), Quidel Corporation (San Diego, U.S.), Bio-Rad Laboratories Inc. (California, U.S.) and Other Major Players.
Market segmentation
The Point of Care Diagnostics market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Point of Care Diagnostics Market Segment by Platform, Estimates, and Forecast by 2028
Molecular Diagnostic, Immunoassays, Lateral Flow Assays, Others
Point of Care Diagnostics Market Segment by Applications, Estimates, and Forecast by 2028
Infectious Disease Testing Products, Glucose Monitoring Products, Pregnancy, Fertility Testing Products, Cardiometabolic Monitoring Products
Regional Analysis for COVID-19 Outbreak-Global Point of Care Diagnostics Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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The report answers such questions as:
- What is the market size for Point of Care Diagnostics and its forecast?
- What are the limiting factors and the impact of COVID-19 in shaping the Global Point of Care Diagnostics Market?
- Which products/segments/applications/areas to invest in over the Global Point of Care Diagnostics Market forecast period?
- What is the Global Point of Care Diagnostics Market’s strategic competitive window for new opportunities?
- What technology trends are there in the Global Point of Care Diagnostics Market?
- What is the market size of the most prominent vendors in the Global Point of Care Diagnostics Marketplace?
- What strategic moves and methods are appropriate for entry into the Global Point of Care Diagnostics Market?
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