Press release
North America Point-of-Care Molecular Diagnostics Market Shows Expected Growth from 2021-2028 With Upcoming Trends, Analysis by Manufacturers
The North America Point-of-Care Molecular Diagnostics market is expected to reach US$ 2,110.1 million by 2028 from US$ 860.9 million in 2021. The market is estimated to grow at a CAGR of 13.7% from 2021-2028.Point-of-care molecular diagnostics include portable devices, and assays & kits used to detect and diagnose diseases in human samples, such as throat swab, blood, serum, and stool. Molecular diagnostics are shifting from centralized laboratories to decentralized point-of-care molecular testing. Due to its simplicity, convenience, rapid turnaround time, and potential to improve patient outcomes, POCT is rapidly gaining traction.
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The report covers an in depth analysis of the key market players within the market
bioMérieux SA
F. Hoffmann-La Roche Ltd.
Danaher Corporation
Enzo Biochem, Inc.
Abbott
binx health, Inc.
Meridian BioScience, Inc.
Biocartis
Quidel Corporation
Bio-Rad Laboratories, Inc.
In this report, the market has been segmented on the basis of:
By Product & Services:
Assays and Kits
Instruments
Services and Software
By Technology:
PCR
Isothermal Nucleic Acid Amplification Technology (INAAT)
Other Technologies
By Application:
Infectious Diseases
Oncology
Hematology
Prenatal Testing
Endocrinology
Other Applications
The ongoing COVID-19 pandemic has also created opportunities for the manufacturers of POC molecular diagnostic kits for the detection of the novel coronavirus. For instance, ABBOTT, a global healthcare and medical equipment manufacturer, launched ID NOW. It is a molecular point-of-care instrument to detect new coronavirus infection in less than five minutes. ID NOW is a rapid, instrument-based, isothermal technique for detecting infectious illnesses qualitatively. Its proprietary isothermal nucleic acid amplification product & services generates molecular data in seconds, allowing doctors to make evidence-based treatment decisions during a patient visit. The ID NOW has not been certified or approved by the Food and Drug Administration (FDA). It has been approved by the FDA to use in authorized laboratories and patient care settings under an Emergency Use Authorization (EUA).
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Some of the key queries answered in this report:
• -What can we estimate about the anticipated growth rates and also the North America Point-of-Care Molecular Diagnostics industry size by 2028?
• -What will happen in the coming existing and emerging markets?
• -Which are the five top players within thee North America Point-of-Care Molecular Diagnostics market?
• -How can the North America Point-of-Care Molecular Diagnostics market change in the upcoming years?
• -Which product and application will take a share of the North America Point-of-Care Molecular Diagnostics market?
• -What will be the CAGR and size of the North America Point-of-Care Molecular Diagnostics market throughout the forecast period?
• -What are the market opportunities and challenges two-faced by the key vendors?
• -Who are the major competitors and what is their strategy?
• -What are the barriers to entry for new players in the market?
• -What would be the upcoming North America Point-of-Care Molecular Diagnostics market behaviour forecast with trends, challenges, and drivers for development?
• -What business opportunities and dangers are faced by vendors in the market?
• -Which would be North America Point-of-Care Molecular Diagnostics industry opportunities and challenges faced by most vendors in the market?
• -What will be the outcomes of this market SWOT five forces analysis?
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