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Point of Care Diagnostics Market is Prophesied to Reach US$ 66 Billion by the end of 2028

08-29-2023 12:40 PM CET | Health & Medicine

Press release from: Fact.MR

According to this new report, point of care test (POCT) kit shipments are anticipated to soar at a CAGR of almost 7% between 2021 and 2028. The global point of care diagnostics market had a value of $34.1 billion in 2020 and is projected to grow to $66 billion by the end of 2028.

In the upcoming years, point of care diagnostics will generate more money due to the rising global popularity of rapid testing kits. Demand for rapid testing kits has increased as a result of the significant rise in the prevalence of chronic diseases around the world. These kits allow for quicker diagnosis and increase the likelihood that patients will respond favorably to treatment.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒ๐—ฑ:

โ€ข F. Hoffmann-La Roche Ltd.
โ€ข Johnson & Johnson Services Inc.
โ€ข bioMรฉrieux SA
โ€ข Nova Biomedical
โ€ข Siemens AG
โ€ข Danaher Corporation
โ€ข Cardinal Health Inc.
โ€ข Thermo Fisher Scientific Inc.
โ€ข Bio-Rad Laboratories Inc.
โ€ข BD
โ€ข Abbott

๐—ž๐—ฒ๐˜† ๐—ฆ๐˜๐—ฎ๐˜๐—ถ๐˜€๐˜๐—ถ๐—ฐ๐˜€ ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฆ๐˜‚๐—ฟ๐—ด๐—ฒ

โ€ข Increasing demand: The point-of-care diagnostics market is experiencing significant growth due to the increasing demand for rapid and convenient diagnostic testing. Point-of-care diagnostics offer on-the-spot testing and quick results, eliminating the need for laboratory-based testing and reducing turnaround time for diagnosis and treatment.
โ€ข Technological advancements: The market is driven by continuous technological advancements in point-of-care diagnostic devices. Innovations such as miniaturization, biosensors, smartphone connectivity, and improved testing methods have enhanced the accuracy, sensitivity, and usability of point-of-care diagnostic devices, making them more reliable and accessible.
โ€ข Infectious disease testing: Point-of-care diagnostics play a crucial role in the rapid and accurate detection of infectious diseases, such as HIV, influenza, malaria, and COVID-19. These tests enable early detection, timely treatment, and effective disease management, particularly in resource-limited settings where access to laboratory infrastructure is limited.
โ€ข Chronic disease management: Point-of-care diagnostics are increasingly used in the management of chronic diseases, such as diabetes, cardiovascular conditions, and respiratory disorders. These tests enable patients to monitor their health status at home or in community healthcare settings, facilitating timely intervention, medication adjustment, and disease control.
โ€ข Convenience and accessibility: Point-of-care diagnostics offer convenience and accessibility by bringing diagnostic testing closer to patients. They can be used in various healthcare settings, including hospitals, clinics, ambulatory care centers, and home care settings, allowing for immediate testing and decision-making without the need for sample transportation or laboratory processing.

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ:

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.

โ€ข 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.

๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต

โ€ข ๐—•๐˜† ๐—ฃ๐—น๐—ฎ๐˜๐—ณ๐—ผ๐—ฟ๐—บ:

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

โ€ข ๐—•๐˜† ๐—”๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป:

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

โ€ข ๐—•๐˜† ๐—˜๐—ป๐—ฑ ๐—จ๐˜€๐—ฒ๐—ฟ:

o Hospitals
o Diagnostic Laboratories
o Clinics/Physician Offices
o Home Care
o Others

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ ๐—™๐—ผ๐—ฟ ๐—ฃ๐—ผ๐—ถ๐—ป๐˜ ๐—ผ๐—ณ ๐—–๐—ฎ๐—ฟ๐—ฒ ๐——๐—ถ๐—ฎ๐—ด๐—ป๐—ผ๐˜€๐˜๐—ถ๐—ฐ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜:

โ€ข APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
โ€ข Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
โ€ข North America (USA, Canada and Mexico)
โ€ข South America (Brazil, Chile, Argentina, Rest of South America)
โ€ข MEA (Saudi Arabia, United Arab Emirates, South Africa)

๐—ž๐—ฒ๐˜† ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฃ๐—ผ๐—ถ๐—ป๐˜ ๐—ผ๐—ณ ๐—–๐—ฎ๐—ฟ๐—ฒ ๐——๐—ถ๐—ฎ๐—ด๐—ป๐—ผ๐˜€๐˜๐—ถ๐—ฐ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜

โ€ข What is the projected value of the Point of Care Diagnostics factors Industry in 2023?
โ€ข At what rate will the global Point of Care Diagnostics factors market size grow until 2033?
โ€ข Which are the factors hampering the growth of Point of Care Diagnostics factors?
โ€ข Which region is expected to lead in the global Point of Care Diagnostics factors market By 2033?
โ€ข Which are the factors driving the Point of Care Diagnostics factors Industry during the forecast period?
โ€ข What is the expected market value of the Point of Care Diagnostics factors market during the forecast period?

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Email :

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—™๐—ฎ๐—ฐ๐˜.๐— ๐—ฅ

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

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