0
2022
Point Of Care Diagnostics Market

Point of Care Diagnostics Market

by Product (Glucose Monitoring Kits, Infectious Diseases Testing Kits, Pregnancy And Fertility Testing Kits, Hematology Testing Kits, Cardiometabolic Monitoring Kits, Urinalysis Testing Kits, Cholesterol Test Strips, Drugs Abuse Testing Kits, Others), by Mode Of Prescription (Prescription Based Devices, Otc Based Devices), by End User (Professional Diagnostic Centers, Research Laboratories, Home Care, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A00080
Pages: 215
Mar 2022 | 36151 Views
Author(s) : Vikita T , Onkar S
Tables: 158
Charts: 64
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

Point Of Care Diagnostics Market Research, 2030

The global Point of Care Diagnostics Market Size was valued at $29,478.63 million in 2020 and is projected to reach $55,275.73 million by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

The point-of-care (POC) diagnostics are medical devices used to get an immediate result in the investigation (diagnosis & monitoring) of various diseases, such as cancer, diabetes, cardiac diseases, and others.

Point of Care Diagnostics Market GrowthTrends is the rise in the prevalence of chronic and infectious diseases in developing economies. The prevalence of chronic diseases, such as diabetes, rheumatism, or cancer, is increasing globally, due to various reasons, such as an increase in the geriatric population, sedentary lifestyles, unhealthy food habits, and environmental factors. For instance, chronic diseases kill more than 38 million people each year, globally. Cardiovascular diseases account for most chronic disease deaths, or 17.5 million people, annually, followed by cancers (8.2 million), respiratory diseases (4 million), and diabetes (1.5 million). The aforementioned diseases account for 82% of all chronic disorder deaths. Point-of-care diagnostics is gaining wide acceptance by different patients globally, as samples are collected from the patient’s location for performing tests, and the results can be achieved in very less time, due to the use of micro fluids, chips, and nano diagnostics.

The COVID-19 impact remains positive on the point-of-care diagnostics market. Owing to the increase in the prevalence of COVID-19 infection globally, which increases the demand for point-of-care diagnostics kits, such as COVID-19 rapid kits used to detect COVID-19. Thus, an increase in the prevalence of COVID-19 increases the demand for point-of-care diagnostics kits.

 

Point of Care Diagnostics Market Size was valued at $29,478.63 million in 2020 and is projected to reach $55,275.73 million by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

The global POC Diagnostics market is segmented on the basis of product, end-user, mode of prescription, and region. By product, the point-of-care diagnostic kit market is segmented into glucose monitoring kit, infectious diseases testing kit, pregnancy, and fertility testing kit, hematology testing kit, cardiometabolic monitoring kit, urinalysis testing kit, cholesterol test strips, drug of abuse testing kit, and others. By end-user, the global point-of-care diagnostics market is segmented into professional diagnostic centers, research laboratories, homes, and others. By mode of prescription, the global point-of-care diagnostics market is segmented into prescription-based point-of-care diagnostics and over-the-counter (OTC)-based point-of-care diagnostics market. The prescription-based point-of-care diagnostics are most frequently used in healthcare facilities and prescribed by healthcare professionals. Geographically, the market is segmented across four major regions, such as North America, Europe, Asia-Pacific, and LAMEA.

Product Segment Review

Point of Care Diagnostics Market
By Product

Your browser does not support the canvas element.

Glucose monitoring segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Point of Care Diagnostics Industry is segmented into glucose monitoring kit, infectious diseases testing kit, pregnancy, and fertility testing kit, hematology testing kit, cardiometabolic monitoring kit, urinalysis testing kit, cholesterol test strips, drug of abuse testing kit, and others. The glucose monitoring segment dominates the market. Furthermore, the other segment is the second-largest segment that dominates the overall market owing to the increase in incidences of chronic diseases such as tumors and the introduction of innovative and advanced kits in the market.

End-User Segment Review

Point of Care Diagnostics Market
By End User

Your browser does not support the canvas element.

Professional diaagnostic centers segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

POC Diagnostics Industry is segmented into professional diagnostic centers, research laboratories, homes, and others. Among these end users, the professional diagnostic center segment dominates in the global point-of-care diagnostic market. Owing to an increase in the prevalence of various chronic and infectious diseases globally.

Mode of Prescription Segment Review

Point of Care Diagnostics Market
By Mode Of Prescription

Your browser does not support the canvas element.

Prescription based devices segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

On the basis of the mode of prescription, the global point-of-care diagnostic market is segmented into prescription-based point-of-care diagnostics and over-the-counter (OTC)-based point-of-care diagnostic market. The prescription-based point-of-care diagnostics are most frequently used in healthcare facilities and prescribed by healthcare professionals.

Region Segment Review

Point of Care Diagnostics Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America region holds a dominant position in 2020 and Asia-Pacific would exhibit the highest CAGR of 7.8 % during 2021-2030

Get more information on this report : Request Sample Pages

By region, the market is segmented across four major regions, such as North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the point-of-care diagnostic market. The growth in this region is mainly due to factors, such as product innovations and the rise in the prevalence of chronic and infectious diseases. In addition, Asia-Pacific is expected to emerge as the region with maximum growth potential due to the growth in the focus of key players in emerging economies and improvement in healthcare infrastructure in the region.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the POC Diagnostics Market Size analysis from 2020 to 2030 to identify the prevailing point of care diagnostics market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the point of care diagnostics market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Point of Care Diagnostics Market Share trends, key players, market segments, application areas, and market growth strategies.

Point of Care Diagnostics Market Report Highlights

Aspects Details
BY PRODUCT
  • Glucose Monitoring Kits
  • Infectious Diseases Testing Kits
  • Pregnancy And Fertility Testing Kits
  • Hematology Testing Kits
  • Cardiometabolic Monitoring Kits
  • Urinalysis Testing Kits
  • Cholesterol Test Strips
  • Others
  • Drugs Abuse Testing Kits
BY MODE OF PRESCRIPTION
  • Prescription Based Devices
  • Otc Based Devices
BY END USER
  • Professional Diagnostic Centers
  • Research Laboratories
  • Home Care
  • Others
BY REGION
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia Pacific  (Japan, China, Australia, India, South Korea, Rest Of Asia Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Johnson and Johnson, sysmex corporation, Nova Biomedical, Danaher Corporation, Becton Dickinson and Company, bioMrieux SA, Abbott Laboratories, Siemens AG, Hoffmann La Roche Ltd, Sinocare Inc.
 

Loading Table Of Content...


 
 

The utilization of point-of-care diagnostic devices is expected to witness a significant rise with the increase in diagnostic procedures for diseases and innovative and advanced applications of devices. The point-of-care diagnostic market is the point of interest of healthcare providers due to several benefits offered by these devices to investigate and manage various medical conditions. Remarkable technological advancements in the POC diagnostic devices to provide advanced diagnosis options for the investigation of diseases, such as diabetes, cardiac diseases, cancer, and others are also observed. As the market is saturated and grows at a steady rate in developed nations, Asia-Pacific and LAMEA regions are expected to offer high growth opportunities to key players in the market.

An increase in the prevalence of various infectious diseases, technological advancements, and a rise in emphasis on early prevention are some of the major factors that drive the market. However, a lack of reimbursement and stringent regulations for the approval of POC diagnostic devices hamper the growth of the market. Currently, glucose monitoring kits are the largest segment in the global point-of-care diagnostics market, followed by hematology testing kits. The rise in incidences coupled with growth in the geriatric population and initiatives are taken by various government associations for free blood check-ups add to the growth of the point-of-care diagnostic market. The infectious disease testing kits segment is the most attractive segment of the point-of-care diagnostics market, owing to the increase in the need for these devices at hospitals and other healthcare facilities.

The professional diagnostic centers are the major end-user in the point-of-care diagnostic devices. This is due to the increase in the number of healthcare facilities that include hospitals and clinics globally. Furthermore, the POC diagnostic devices are usually prescribed by healthcare professionals due to extensive knowledge about the various medical conditions among healthcare professionals and their management. Thus, the prescription-based POC diagnostic devices segment holds the largest market share in the market.

In addition, emerging markets gain more importance for the majority of the POC diagnostic device manufacturers and distributors. Rapid growth was observed in the shipments of these devices to provide improved healthcare services in emerging nations, and this is expected to offset the challenging conditions in mature markets such as North America and Europe. North America is expected to dominate the global point-of-care diagnostics market during the forecast period, followed by Europe.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. No, there is no value chain analysis provided in the Point of Care Diagnostic Market report

A. The upcoming trends of Point of Care Diagnostics Market are rising prevalence of chronic and infectious diseases in developing economies and an increasing number of regulatory approvals for novel immunoassay techniques, technological advancements, and the rising usage of home-based POC devices, are expected to drive the market growth

A. North America is the largest regional market for the Point of Care Diagnostics Market

A. The global Point of Care Diagnostics market was valued at $29,478.63 million in 2020 and is projected to reach $55,275.73 million by 2030, registering a CAGR of 6.5% from 2021 to 2030.

A. The top companies to hold the market share in the Point of Care Diagnostics Market are

A. Yes, I Point of Care Diagnostics companies are profiled in the report

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Point Of Care Diagnostics Market

Start reading instantly.
This Report and over 19,314+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,565
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Data Pack
  • $3,961
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Single User
  • $5,540
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Five Users
  • $6,654
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Enterprise
    License/PDF

  • $10,280
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers