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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