Global Point Of Care Diagnostics Market Is Anticipated To Surge A Valuation Of US$ 66 Billion By The End Of 2028

Shipments of point of care test (POCT) kits are projected to surge at a CAGR of around 7% from 2021 to 2028, as per this new analysis. In 2020, the global point of care diagnostics market stood at US$ 34.1 Bn, and is anticipated to surge to a valuation of US$ 66 Bn by the end of 2028.

Since the world has witnessed a substantial increase in the incidence of chronic diseases, demand for rapid testing kits has increased as they enable faster diagnosis and improve the chances of successful treatment for patients.

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Key Segments Covered in Point of Care Diagnostics Industry Research

Point of Care Diagnostics Market by Platform:

Lateral Flow Assays-based POC Tests
Dipsticks POC
Microfluidic Point of Care Testing
Molecular Diagnostics
Immunoassay Technology
Others

Point of Care Diagnostics Market by Application:

Glucose Monitoring Products
Cardiometabolic Monitoring Products
Infectious Disease Testing Products
Pregnancy & Fertility Testing Products
Urinalysis Testing Products
Cholesterol Testing Products
Hematology Testing Products
Drugs-of-abuse Testing Products
Others

Point of Care Diagnostics Market by End User:

Hospitals
Diagnostic Laboratories
Clinics/Physician Offices
Home Care
Others

Point of Care Diagnostics Market by Region:

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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Competitive Landscape

Key point of care diagnostic solution providers are focusing on mergers and acquisitions to increase their market presence on a global scale and are also aiming to fast track product development and research with these efforts.

In September 2021, a next-generation point of care diagnostic solution provider - LumiraDx Limited - announced the completion of a merger agreement that was previously discussed with CA Healthcare Acquisition Corp., which is a special purpose acquisition entity based in the United States.

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The global Point of Care Diagnostics Market report answers numerous pertinent questions, some of which are:

What are some of the latent areas of investments in the Point of Care Diagnostics Market?
Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
What trends are likely to change the status quo of the positions held by leading players of the Point of Care Diagnostics Market in the not-so-distant future?
Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Point of Care Diagnostics Market?
What are the strategies adopted by top players to retain their stronghold in the Point of Care Diagnostics Market?
Which strategic moves will new entrants adopt to gain a strong foothold in the Point of Care Diagnostics Market?

What Do You Get in a Fact.MR Study?

Factors affecting the overall development of the Market
Factor that might restrain the growth of the global market in the coming years of the forecast period 
What is present competitive scenario of the global Market and its intricate details concerning potential business prospects of leading market players
Pricing strategies of several different market players in the global Market

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