Point of Care Diagnostics Market is Prophesied to Reach US$ 66 Billion by the end of 2028According 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.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱:
• F. Hoffmann-La Roche Ltd.
• Johnson & Johnson Services Inc.
• bioMérieux SA
• Nova Biomedical
• Siemens AG
• Danaher Corporation
• Cardinal Health Inc.
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories Inc.
𝗞𝗲𝘆 𝗦𝘁𝗮𝘁𝗶𝘀𝘁𝗶𝗰𝘀 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗦𝘂𝗿𝗴𝗲
• 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.
• 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.
• 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.
• 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.
• 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.
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.
• 𝗕𝘆 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺:
o Lateral Flow Assays-based POC Tests
o Dipsticks POC
o Microfluidic Point of Care Testing
o Molecular Diagnostics
o Immunoassay Technology
• 𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:
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
• 𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿:
o Diagnostic Laboratories
o Clinics/Physician Offices
o Home Care
𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗙𝗼𝗿 𝗣𝗼𝗶𝗻𝘁 𝗼𝗳 𝗖𝗮𝗿𝗲 𝗗𝗶𝗮𝗴𝗻𝗼𝘀𝘁𝗶𝗰𝘀 𝗠𝗮𝗿𝗸𝗲𝘁:
• 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)
• 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)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)
𝗞𝗲𝘆 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗼𝗶𝗻𝘁 𝗼𝗳 𝗖𝗮𝗿𝗲 𝗗𝗶𝗮𝗴𝗻𝗼𝘀𝘁𝗶𝗰𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁
• What is the projected value of the Point of Care Diagnostics factors Industry in 2023?
• At what rate will the global Point of Care Diagnostics factors market size grow until 2033?
• Which are the factors hampering the growth of Point of Care Diagnostics factors?
• Which region is expected to lead in the global Point of Care Diagnostics factors market By 2033?
• Which are the factors driving the Point of Care Diagnostics factors Industry during the forecast period?
• What is the expected market value of the Point of Care Diagnostics factors market during the forecast period?
𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
US Sales Office
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Email : email@example.com
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Point of Care Diagnostics Market is Prophesied to Reach US$ 66 Billion by the end of 2028 here
News-ID: 3186293 • Views: 284
More Releases from Fact.MR
Drone Construction Monitoring Market, Trends, Factors, Region And Country Analys …
Global drone construction monitoring market is expected to reach valuation of US$ 318.2 million in 2023 and further progress at a CAGR of 13.6% to reach US$ 1,149.0 million by the end of 2033. The construction industry has undergone a profound transformation in recent years, thanks to the integration of cutting-edge technologies. One of the most impactful innovations has been the widespread adoption of drones for construction monitoring. These unmanned aerial
Phosphonates Market, Product Launches, Regional Analysis & Forecast by Fact MR
The global phosphonates market is valued at US$ 1.1 billion in 2023. Detailed industry analysis reveals that worldwide phosphonate sales are projected to increase at 6.6% CAGR and reach a market value of US$ 2.1 billion by the end of 2033. The phosphonates market has witnessed significant growth and development in recent years, driven by their wide-ranging applications across various industries. Phosphonates are a class of organic compounds containing phosphorus and
Air Charter Services Market to Exceed US$ 54.0 Billion by 2033, with 5.4% CAGR: …
The air charter services market is anticipated to be valued US$ 31.9 billion by the end of 2023, rising at a CAGR of 5.4% to US$ 54.0 billion by 2033. The Air Charter Services market has undergone significant transformations in recent years, reshaping the aviation industry landscape. As a bespoke alternative to traditional commercial flights, air charter services have gained popularity among businesses and individuals seeking flexible and personalized travel solutions.
LIB Anode Market Is Forecast To Reach US$ 29.9 Billion By 2033
The global LIB anode market is estimated at US$ 9.2 billion in 2023 and is forecast to reach US$ 29.9 billion by 2033, growing with a CAGR of 12.5% from 2023 to 2033. In a digital world governed by electricity, batteries have been playing a crucial role which is expected to become more crucial in the future. Anodes and cathodes are essential elements of batteries that also have a large
More Releases for Point
Learners Point Training Institute Announces to Rebrand into "Learners Point Acad …
Dubai, June. 11, 2022 - After successful years of inspiring and guiding individuals and businesses to upskill and reskill in numerous verticals, Learners Point Training Institute has announced to rebrand its corporate name into "Learners Point Academy". In addition to the name change, this 20-year-old training institute in Dubai has also released a new logo for better brand repositioning purposes. The new name and logo truly reflect the unflinching promises
Point-to-point Microwave Antenna Market Size, Share, Development by 2026
Market Research Report Store offers a latest published report on Point-to-point Microwave Antenna Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This intelligence Point-to-point Microwave Antenna Market report by Market Research Report Store includes investigations based on the current scenarios, historical records, and future predictions. An accurate data of various aspects such as type, size, application, and end user have
Seatbelt Retractors Market Report 2018: Segmentation by Type (Belt-In-Seat, Six- …
Global Seatbelt Retractors market research report provides company profile for Takata, Joyson Safety Systems, Robert Bosch, Denso, Continental, Tokai Rika, Autoliv, Hyundai Mobis, TRW Automotive, Toyoda Gosei and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
Active Seatbelt Market Report 2018: Segmentation by Type (Belt-In-Seat, Six-Poin …
Global Active Seatbelt market research report provides company profile for Special Devices, Far Europe, HYUNDAI MOBIS, ITW Safety, Iron Force Industrial, Autoliv, Tokai Rika, Bosch, Takata Corporation, DENSO and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018
United Thinkers Strengthens UniPay Gateway Security with Point-to-point Encrypti …
United Thinkers adds new point-to-point encryption logic to its terminal application, part of UniPay Gateway product New York, NY – (March 19, 2018): United Thinkers, a New-York based commercial open-source Payment Management Software provider extended the existing payment security and fraud prevention logic implemented in its terminal application with built-in point-to-point encryption solution. The already existing payment security logic that supports processor-specific point-to-point encryption is now strengthened with UniPay’s native logic,
4ipnet releases 400Mbps Point-to-Point Wireless Bridge Kit
TAIPEI, TAIWAN – September 12th, 2012 - 4ipnet, Inc., a leading wireless networking device provider for manageable, reliable, and secure wireless access, announced the release of OWL600RL, Outdoor Point-to-Point Wireless Bridge. The new Outdoor Kit from 4ipnet replaces high costs wired or wireless system equipment by offering a profitable ROI (Return On Investment) opportunity. The OWL600RL throughput up to 400Mbps in 2.5km of separation range using both the 2.4GHz or