Point of Care Diagnostics Market Insights:
The Point of Care Diagnostics Market was analyzed which was worth USD 45.3 Billion in the year 2022, expecting a CAGR of 10.6% during the forecast period (2023-2030), and the market is projected to be valued at USD 101.42 Billion by 2030.
The increased adoption of Point of Care Diagnostics in the Clinical Diagnostics is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Point of Care Diagnostics also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Point of Care Diagnostics in many sectors also boosts the market growth during the forecast period.
Point of care diagnostics (POC) refers to medical diagnostic tests that can be performed near the patient, outside of a traditional laboratory setting. These tests are designed to provide fast and accurate results, allowing for rapid diagnosis and treatment of medical conditions. POC tests can be performed in a variety of settings, including hospitals, clinics, doctor’s offices, and even in the field. They are often simple to use and require minimal training, making them accessible to a wide range of healthcare providers.
Point of Care Diagnostics Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product (Blood Glucose Monitoring, Infectious Disease Testing, Cardiometabolic Disease Testing, Pregnancy & Fertility Testing, Hematology Testing, Others), Sample (Blood, Nasal and Oropharyngeal Swabs, Urine, Others), End-User (Hospital Bedside, Physician’s Office Lab, Urgent Care & Retail Clinics, Home & Self testing), and companies (F. Hoffmann-La Roche Ltd., Qiagen, Danaher Corp., Becton Dickinson (BD), Biomerieux SA, Abbott Laboratories, Siemens Healthcare AG, Zoetis, Inc., Instrumentation Laboratory, Nova Biomedical, Trividia Health, Inc., Quidel Corp., Trinity Biotech, Sekisui Diagnostics, Orasure Technologies, Inc., Nipro Corp., Spectral Medical, Inc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.6%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||101.42 Billion|
|By Product||Blood Glucose Monitoring, Infectious Disease Testing, Cardiometabolic Disease Testing, Pregnancy & Fertility Testing, Hematology Testing, Others|
|By Sample||Blood, Nasal and Oropharyngeal Swabs, Urine, Others|
|By End-User||Hospital Bedside, Physician’s Office Lab, Urgent Care & Retail Clinics, Home & Self testing|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||F. Hoffmann-La Roche Ltd., Qiagen, Danaher Corp., Becton Dickinson (BD), Biomerieux SA, Abbott Laboratories, Siemens Healthcare AG, Zoetis, Inc., Instrumentation Laboratory, Nova Biomedical, Trividia Health, Inc., Quidel Corp., Trinity Biotech, Sekisui Diagnostics, Orasure Technologies, Inc., Nipro Corp., Spectral Medical, Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Point of Care Diagnostics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
- Hoffmann-La Roche Ltd., Qiagen, Danaher Corp., Becton Dickinson (BD), Biomerieux SA, Abbott Laboratories, Siemens Healthcare AG, Zoetis, Inc., Instrumentation Laboratory, Nova Biomedical, Trividia Health, Inc., Quidel Corp., Trinity Biotech, Sekisui Diagnostics, Orasure Technologies, Inc., Nipro Corp., Spectral Medical, Inc.
Market Segment Analysis:
- Blood Glucose Monitoring
- Infectious Disease Testing
- Cardiometabolic Disease Testing
- Pregnancy & Fertility Testing
- Hematology Testing
- Nasal and Oropharyngeal Swabs
- Hospital Bedside
- Physician’s Office Lab
- Urgent Care & Retail Clinics
- Home & Self testing
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Point of Care Diagnostics industries in the region.
Key Point of Care Diagnostics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Point of Care Diagnostics Market segments.
– Largest Market Share Held by Industry to Industry for Point of Care Diagnostics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Point of Care Diagnostics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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