Primary Care POC Diagnostics Market Size to Reach USD 9.5 Billion in 2028, Says Reports and Data
Shift in diagnostics from centralized labs toward practitioners’ offices to drive market growth.
The global primary care POC diagnostics market size is expected to reach USD 9.5 billion in 2028 registering a CAGR of 3.4% over the forecast period, according to the latest report by Reports and Data. Major factor driving market revenue growth is paradigm shift in diagnostics from centralized labs toward practitioners’ offices.
Point-of care tests (POCTs) are defined as laboratory services using small analytical devices that test blood, saliva, urine, and faeces, conducted in a patient consultation setting rather than in a traditional central laboratory. POCTs are useful in primary care, as demonstrated by studies conducted in Europe.
Primary care POC diagnostics market players have been continually launching new products, which has attributed to its growth. For instance, Roche Diagnostics unveiled Roche v-TAC in May 2020, a point-of-care (POC) device that enables clinicians to obtain results for arterial blood gas values from patients with respiratory anomalies using a software algorithm and a less invasive venous puncture.
Abbott Laboratories announced in March 2020 a point-of-care test that will provide quick results in a wide variety of healthcare environments, including physician's offices and urgent care clinics, with positive results available in five minutes.
In 2021, the federal Food and Drug Administration (FDA) announced that it has granted a CLIA waiver for the binx health io CT/NG assay. This is a point-of-care diagnostic test that will be made available for use in physician’s offices, urgent care clinics, and other healthcare settings. It is molecular platform that will help in the diagnosis and management of chlamydia and gonorrhoea.
Other companies are undertaking acquisitions to enter the primary care POC diagnostics market. For instance, Thermo Fisher Scientific purchased Mesa Biotech, a supplier of point-of-care diagnostics, for USD 450 million in cash in January 2021 with the goal of developing potential point-of-care monitoring instruments for infectious diseases and accelerating the availability of reliable advanced diagnostics at primary care centres.
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Some Key Highlights in the Report:
- The glucose testing segment accounted for largest market share in 2020. Increasing adoption of glucose monitoring devices, expanding diabetic population, and growing awareness about keeping glucose level in check are factors that will drive the segment’s revenue growth.
- Physician’s office segment accounted for largest revenue share among the end use segments in 2020.
- Pharmacy and retail clinics segment is expected to be another fastest-growing segment. Segment growth is attributed to factors such as increasing volume of patients needing chronic disease tests at pharmacies and growing availability of point-of-care testing at pharmacies and retail clinics.
- The market revenue from North America primary care POC diagnostics market is expected to grow at a significantly high rate over the forecast period due to presence of major market players in the region.
- Asia Pacific region is expected to hold considerable revenue share due initiatives taken by several governments for better access to primary care and the integration of POC diagnostics into primary care settings.
- Some of the prominent players in the primary care POC diagnostics market include Roche Diagnostics, BD Biosciences, Danaher Corporation, Abbott Laboratories, Instrumentation Laboratory, bioMerieux, Siemens Healthcare, and Quidel Corporation.
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the global primary care POC diagnostics market on the basis of product, end use and region:
Product Outlook (Revenue, USD Million; 2018 – 2028)
- Glucose Testing
- Hb1Ac Testing
- Infectious Diseases
- Cardiac Markers
- Thyroid Stimulating Hormone
- Primary Care Systems
- Decentralized Clinical Chemistry
- Lipid Testing
- Cancer Marker
- Blood Gas/Electrolytes
- Ambulatory Chemistry
- Drug Abuse Testing
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By End Use Outlook (Revenue, USD Million; 2018 – 2028)
- Pharmacy & Retail Clinics
- Physician Office
- Urgent Care Clinics
- Non-practice Clinics
Region Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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