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 6.8% from 2021 to 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 6.8% 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.
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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 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
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.
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Mode of Prescription Segment Review
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
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.
Key Market Segments
- 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
- North America
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.
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