Point Of Care Diagnostics Market - Global Opportunity Analysis and Industry Forecast (2022-2029)
Meticulous Research®—a leading global market research company, published a research report titled, ‘Point-of-care Diagnostics Market by Application (Influenza, Pneumonia, COVID-19, TB, HAI, Hepatitis, HIV, Glucose, Coagulation, Hematology, Cancer, Cardiac), Platform, Purchase Mode (Prescription, OTC), End User (Home Care, Hospital)—Global Forecast to 2029.’
According to this
latest publication from Meticulous Research®, the point-of-care diagnostics
market is expected to reach $82.74 billion by 2029, at a CAGR of 7.4%. The
growth of this market is driven by the increasing prevalence of chronic
diseases and the rapidly growing demand for cost-effective and innovative POC
diagnostic products.
Point-of-care Diagnostics Market:
Future Outlook
The point-of-care diagnostics
market is segmented based on Application (Infectious Disease Testing
{Respiratory Infections Testing [Influenza, Tuberculosis, Pneumonia, Other
Respiratory Infections], Healthcare-Associated Infection (HAI) Testing,
Parasitic Infections, Gastrointestinal infections [Salmonellosis, E. coli
Infections, Other GI infections], Blood-borne Infections Testing [Hepatitis,
HIV, Other Blood-borne infections], Other Infectious Diseases testing}, Blood
Glucose Monitoring {Test Strips, Glucometers, Lancets, Hemoglobin A1c Test
Kits}, Cardiac Marker/Cardiac Metabolism, COVID-19 Testing, Coagulation Test
{Prothrombin Time (PT/INR) Test, Activated Clotting Time (ACT/aPTT) Test, Other
Tests}, Pregnancy and Fertility Testing {Pregnancy Test, Fertility Test}, Fecal
Occult Testing, Hematology, Tumor/Cancer Markers Testing, Drugs of Abuse Test,
Urinalysis, Cholesterol/lipid profile Testing, Other PoC Tests), Platform
(Lateral Flow Assays, Molecular Diagnostics, Other Platforms), Mode of Purchase
(Prescription-based Tests, Over-the-counter Tests), End User (Home Care/Self
Testing, Hospitals, Physician offices & Ambulatory Care Settings,
Diagnostics Labs, Other End Users), and Geography. The study also evaluates
industry competitors and analyzes the market at the global and regional levels.
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Sample Report Here:https://www.meticulousresearch.com/download-sample-report/cp_id=4871
Scope
of the Report:
Point-of-care
Diagnostics Market, by Application
·
Infectious Diseases
Testing
o Respiratory Infections Testing
§ Influenza
§ Tuberculosis (TB)
§ Pneumonia
§ Other Respiratory Infections
o Healthcare-Associated Infection (HAI) Testing
o Parasitic Infections
o Gastrointestinal (GI) Infections
§ Salmonellosis
§ E. coli Infections
§ Other GI Infections
o Blood-borne Infections Testing
§ Hepatitis
§ HIV
§ Other Blood-borne Infections
o Other Infectious Disease Testing
·
Blood Glucose Monitoring
o Test Strips
o Glucometers
o Lancets
o Hemoglobin A1c Test Kits
·
Cardiac Marker / Cardiac
Metabolism Testing
·
COVID-19 Testing
·
Coagulation Tests
o Prothrombin Time (PT/INR) Tests
o Activated Clotting Time (ACT/aPTT) Tests
o Other Coagulation Tests
·
Pregnancy and Fertility
Testing
o Pregnancy Tests
o Fertility Tests
·
Fecal Occult Testing
·
Hematology
·
Tumor/Cancer Markers
Testing
·
Drugs of Abuse Test
·
Urinalysis
·
Cholesterol/Lipid
Profile Testing
·
Other PoC Tests
Point-of-care
Diagnostics Market, by Platform
·
Lateral Flow Assays
·
Molecular Diagnostics
·
Other Platforms
Point-of-care
Market, by Mode of Purchase
·
Prescription-based Tests
·
Over-the-Counter (OTC)
Tests
Point-of-care
Market, by End User
·
Home Care/Self Testing
·
Hospitals
·
Physician offices &
Ambulatory Care Settings
·
Diagnostics Labs
·
Other End Users
Point-of-care
Diagnostics Market, by Geography
·
North America
o U.S.
o Canada
·
Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe (RoE)
·
Asia-Pacific (APAC)
o China
o Japan
o India
o Rest of APAC (RoAPAC)
·
Latin America (LATAM)
o Brazil
o Mexico
o Rest of Latin America (RoLATAM)
·
Middle East & Africa
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Based on application, in 2022, the infectious
diseases testing segment is expected to account for the largest share of the
point-of-care diagnostics market. The large market share of this segment is
attributed to the COVID-19 outbreak, the high prevalence of other infectious
diseases, and the increase in accessibility to rapid disease diagnosis.
Based on platform, the point-of-care diagnostics market is
segmented into lateral flow assays, molecular diagnostics, and other platforms.
In 2022, the lateral flow assays segment is expected to account for the largest
share of the market. The large market share of this segment is attributed to
the affordability, accessibility, ease of use, and clinical utility of lateral
flow assays in POC applications.
Based on mode of purchase, in 2022, the
prescription-based tests segment is expected to account for the largest share
of the point-of-care diagnostics market. Prescription-based point-of-care
diagnostics products are used for critical care, infectious disease, cardiac
markers, coagulation, hematology and other health conditions. The increase in
prescriptions for these devices has contributed to the large market share of
this segment.
Based on end user, in 2022, the hospitals segment is expected to
account for the largest share of the market. The large market share of this
segment is attributed to the high demand for point-of-care diagnostics in
emergency departments of hospitals. Rapid diagnosis has become crucial in
emergency departments to reduce overcrowding due to increased primary care
referrals. Connecting point-of-care devices to hospital information systems
linked with electronic medical records offers several benefits, including
faster access to clinical information, the ability to communicate test results
more quickly, and eliminating challenges associated with reading errors.
Point-of-care diagnostics products help hospitals improve overall efficiency by
enabling quick monitoring, prognosis, and operational decision-making, driving
their adoption in hospital settings.
This research report
analyzes major geographies and provides a comprehensive analysis of the market
in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy,
Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of
Asia-Pacific), Latin America, and Middle East & Africa. In 2022, North
America is expected to account for the largest share of the point-of-care
diagnostics market. North America’s major market share is attributed to the
strong penetration of point-of-care diagnostics products, advanced healthcare
infrastructure, high healthcare expenditure, and the presence of key market
players in the U.S. and Canada.
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Key Players
The key players operating in the point-of-care diagnostics market are Abbott
Laboratories (U.S.), Siemens Healthineers AG (Germany), Quidel Corporation
(U.S.), F. Hoffman-La Roche Ltd. (Switzerland), Danaher Corporation (U.S.),
Becton, Dickinson and Company (U.S.), CHEMBIO DIAGNOSTICS, INC. (U.S.), EKF
Diagnostics (U.K.), Trinity Biotech plc (Ireland), Werfen, S.A. (Spain), Nova
Biomedical (U.S.), Sekisui Diagnostics (U.S.), Thermo Fisher Scientific (U.S.),
and bioMérieux S.A. (France).
Key
questions answered in the report:
· Which are the
high-growth market segments in terms of application, platform, mode of
purchase, end user, and region/country?
· What was the
historical market size for point-of-care diagnostics across the globe?
· What are the market
forecasts and estimates for the period 2022–2029?
· What are the major
drivers, restraints, opportunities, challenges, and trends in the point-of-care
diagnostics market?
· Who are the major
players in the point-of-care diagnostics market?
· How is the competitive
landscape, and who are the market leaders in the point-of-care diagnostics
market?
· What are the recent
developments in the point-of-care diagnostics market?
· What are the different
strategies adopted by the major players in the point-of-care diagnostics
market?
· What are the
geographical trends and high growth regions/countries?
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