The Global Point of Care Diagnostics Market is poised to value USD 79932 million by 2028 end at a CAGR of 10.8% during the forecast period 2022 to 2028.
Point-of-care (POC) diagnostics are medical devices that provide immediate results in the investigation (diagnosis and monitoring) of various diseases such as cancer, diabetes, cardiac disease, and others. Market Development for Point-of-Care Diagnostics the rise in the prevalence of chronic and infectious diseases in developing economies is a trend. Chronic diseases such as diabetes, rheumatism, and cancer are becoming more common around the world for a variety of reasons, including an increase in the geriatric population, sedentary lifestyles, unhealthy eating habits, and environmental factors. Chronic diseases, for example, kill more than 38 million people worldwide each year. Annually, cardiovascular diseases kill the most people (17.5 million), followed by cancer (8.2 million), respiratory diseases (4 million), and diabetes (1.5 million). The diseases listed above account for 82% of all chronic disorder deaths. Point-of-care diagnostics is gaining popularity among patients worldwide because samples are collected from the patient’s location for testing, and results can be obtained in a very short period of time thanks to the use of micro fluids, chips, and nano diagnostics. The ease of use and efficiency of point-of-care diagnostics have transformed patient care. POC technologies have evolved and improved alongside the advancement of microfluidics. Microfabrication and microfluidics methods have advanced so much in recent years that POC devices can now be manufactured at a low cost, are easy to use, portable, and can generate rapid results. Many research projects are currently underway in the field of microfluidics technology. According to a January 2018 publication in Asian Scientist Magazine, a team of scientists led by Professor Masayoshi Tonouchi at Osaka University in Japan developed a diagnostic lab-on-a-chip that combines terahertz (THz) waves with a microfluidic device.
The astute research report on Point of Care Diagnostics market provides intricate details for analyzing appropriate parameters and valuable insights. The report offers extensive information about this business to help bring forth the growth potential of the market across various segments and provides the clients with a comprehensive analysis of factors like market size, market growth trends, competitive landscape, product utilization, regional growth prospects, and application potential, etc. The data provided in the report has been gathered from a wide variety of sources by using primary and secondary research. This Point of Care Diagnostics research report also provides crucial insights into consumer behaviour, brand positioning, pricing analysis, and key player strategies. The market overview included in the Point of Care Diagnostics research report incorporates critical factors procured from industry analysts, prominent players as well as trade and industrial organizations.
The report on Point of Care Diagnostics market offers up-to-date information on the factors impeding the market growth which shall provide vendors with crucial insights into understanding the market dynamics thereby aiding the clients to sketch out a better business strategy. These factors will help them identify market growth opportunities. Furthermore, FutureWise research analysts provide timely assistance to their customers in understanding eccentric market parameters more effectively thereby leading to better decision-making.
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The Point of Care Diagnostics market research report is segmented – by product, by platform, by mode, by end user, and by region. It also consists of insights regarding the revenue value and sales volume during the forecasted timeframe of 2022 to 2028.
Point of Care Diagnostics Market Segmentation:
By Product
Glucose Monitoring Products
Cardiometabolic Testing Products
Infectious Disease Testing Products
Coagulation Testing Products
Pregnancy and Fertility Testing Products
By Platform
Agglutination Assays
Immunoassays
Biosensors
Dipsticks
Lateral Flow Assays
Microfluidics
Molecular Diagnostics
Solid Phase
By Mode
Prescription-Based Testing
OTC Testing
By End User
Home Care/ Self Testing
Physician Offices and Outpatient Centers
Hospitals
Research Laboratories
Other End Users
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Point of Care Diagnostics Market Regional Analysis:
The report provides a complete evaluation of the potential amplification of the Point of Care Diagnostics Market in pivotal geographic regions such as North America, Asia Pacific, Europe, Latin America and Middle East & Africa.
Competitive Landscape:
Some of the key market players are
Abbott
AccuBioTech
BioMérieux SA
Bio-Rad Laboratories
Becton, Dickinson, and Company
Chembio Diagnostics
Danaher
EKF Diagnostics
F. Hoffmann-La Roche
Instrumentation Laboratory
Johnson & Johnson
Nova
PTS Diagnostics
Sekisui Diagnostic
Siemens Healthineers
Sinocare Inc.
Sysmex Corporation
Trinity Biotech
Trividia Health Inc.
QIAGEN
Quidel
FutureWise Key Takeaways:
Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth
Objectives of the Study:
To provide an extensive analysis of the global Point of Care Diagnostics market by product, by platform, by mode, by end user, and by region
To carter complex data and information on the characteristics influencing the market growth (drivers, restraints, opportunities, and industry-specific restraints)
To predict and assess micro-markets and the overall market
To anticipate the market size, in key geographical regions (along with countries)— North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
To estimate and inspect competitive landscape mapping- technological advancements, product launches, mergers and expansions
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