Point-of-Care Diagnostics Market to Witness Huge Growth by 2028 | Abbott, Roche, Siemens, Danaher, Becton, Dickinson and Company, Johnson & Johnson

"The global Point-Of-Care Diagnostics Market is expected to grow at 11.40% CAGR from 2019 to 2028. It is expected to reach above USD 69.9 billion by 2028 from USD 26.4 billion in 2019."

The point-of-care (POC) diagnostics are medical devices used to get an immediate result in the investigation (diagnosis & monitoring) of various diseases, such as cancer, diabetes, cardiac diseases, and others. Point of Care Diagnostics Market Growth Trends is the rise in the prevalence of chronic and infectious diseases in developing economies.

The prevalence of chronic diseases, such as diabetes, rheumatism, or cancer, is increasing globally, due to various reasons, such as an increase in the geriatric population, sedentary lifestyles, unhealthy food habits, and environmental factors.

For instance, chronic diseases kill more than 38 million people each year, globally. Cardiovascular diseases account for most chronic disease deaths, or 17.5 million people, annually, followed by cancers (8.2 million), respiratory diseases (4 million), and diabetes (1.5 million).

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» Growth Drivers

Driver: increasing prevalence of infectious diseases It is possible to diagnose and treat these extremely contagious diseases quickly thanks to point-of-care tests with high sensitivity and specificity.

The need for point-of-care diagnostics for the quick detection of infectious diseases is probably going to increase as infectious diseases like HIV, hepatitis, influenza, and tuberculosis become more common.

» Restraint

Restraint: pricing pressure owing to reimbursement cuts and budget constraints.

The growth of the global market has been impacted by the pricing pressure brought on by reimbursement reductions and insufficient budgets.

The Diagnosis Related Group (DRG) system in France makes reimbursement a negligible factor by bundling all patient care costs into a single prospective payment.

In the nation, the payment for diabetes technologies in outpatient settings is based on a tariff system.

Who are the major players in this industry?

Abbott, Roche, Siemens, Danaher, Becton, Dickinson and Company, Johnson & Johnson, F. Hoffmann-La Roche Ltd., Nova Biomedical, Biomrieux SA, and Sinocare Inc, and others.

Recent Developments in Point-of-Care Diagnostics Market

Recent developments in Point-of-Care Diagnostics industry, even after market report release, support market trends outlined in analysis.

November 2022: UK-based LumiraDx Healthcare launched its highly sensitive C-Reactive Protein (CRP) point of care (POC) antigen test across India. The point of care CRP test can be used in multiple clinical settings to help reduce unnecessary antibiotic prescribing that leads to antimicrobial resistance (AMR).

October 2022: Genes2Me Pvt. Ltd launched Rapi-Q- Point of Care RT PCR solution for human papillomavirus (HPV) and tuberculosis. The device is easy to use and gives faster results in less than 45 minutes. This CE-IVD-marked POC solution delivers superior performance, high sensitivity, and stable detection.

What exactly does market segmentation cover?

Point-Of-Care Diagnostics Market by Mode of Purchase, 2019-2028, (In USD Million)

» Prescription-Based Products
» OTC Products

Point-Of-Care Diagnostics Market by End User, 2019-2028, (In USD Million)

» Clinical Laboratories and Outpatient Healthcare & Ambulatory Care Settings
» Hospitals/Critical Care Centres
» Home Care Settings
» Other End Users

Regional Analysis of the Point-of-Care Diagnostics Market

The market development, current market trends, and some research methodologies are all covered in the Point-of-Care Diagnostics Industry research report. It draws attention to crucial aspects like product portfolios, software architectures, and production strategies that have a direct impact on the market. Our research shows that even minor changes to a product's qualities can have a big impact on the previously mentioned criteria.

Key Geographical Regions

✦North America (US, Canada)
✦Europe (Germany, UK, France, Italy, Spain)
✦Asia-Pacific (China, Australia, Japan)
✦Middle East and North Africa
✦Latin America   
            
Table of Content:

1 Study Reporting
1.1 Point-of-Care Diagnostics Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Point-of-Care Diagnostics Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Point-of-Care Diagnostics Market Size
2.1.1 Global Point-of-Care Diagnostics Revenue
2.1.2 Global Point-of-Care Diagnostics Production
2.2 Point-of-Care Diagnostics Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Point-of-Care Diagnostics Manufacturers
2.3.2.1 Point-of-Care Diagnostics Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Point-of-Care Diagnostics Product Offered
2.3.2.3 Date of Manufacturers Enter into Point-of-Care Diagnostics Market
2.4 Key Trends for Point-of-Care Diagnostics Markets & Products

3 Market Size by Manufacturers
3.1 Point-of-Care Diagnostics Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Point-of-Care Diagnostics Production by Regions

4.1 Global Point-of-Care Diagnostics Production by Regions
4.1.1 Global Point-of-Care Diagnostics Production Market Share by Regions
4.1.2 Global Point-of-Care Diagnostics Revenue Market Share by Regions
4.2 United States
4.2.1 United States Point-of-Care Diagnostics Production
4.2.2 United States Point-of-Care Diagnostics Revenue
4.2.3 Key Players in United States
4.2.4 United States Point-of-Care Diagnostics Import & Export
4.3 Europe
4.3.1 Europe Point-of-Care Diagnostics Production
4.3.2 Europe Point-of-Care Diagnostics Revenue

5 Point-of-Care Diagnostics Consumption by Regions

5.1 Global Point-of-Care Diagnostics Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Point-of-Care Diagnostics Breakdown Dada by Application
7.2.1 Global Point-of-Care Diagnostics Consumption by Application
7.2.2 Global Point-of-Care Diagnostics Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Point-of-Care Diagnostics Production and Revenue Forecast
9.1.1 Global Point-of-Care Diagnostics Production Forecast
9.1.2 Global Point-of-Care Diagnostics Revenue Forecast
9.2 Point-of-Care Diagnostics Production and Revenue Forecast by Regions
9.2.1 Global Point-of-Care Diagnostics Revenue Forecast by Regions
9.2.2 Global Point-of-Care Diagnostics Production Forecast by Regions
9.3 Point-of-Care Diagnostics Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Point-of-Care Diagnostics Production Forecast by Type
9.4.2 Global Point-of-Care Diagnostics Revenue Forecast by Type

10 Consumption Forecast
10.1 Point-of-Care Diagnostics Consumption Forecast by Application
10.2 Point-of-Care Diagnostics Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Point-of-Care Diagnostics Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Point-of-Care Diagnostics Consumption Forecast by Regions
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Point-of-Care Diagnostics Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Point-of-Care Diagnostics Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Point-of-Care Diagnostics Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Point-of-Care Diagnostics Sales Channels
11.2.2 Point-of-Care Diagnostics Distributors
11.3 Point-of-Care Diagnostics Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Point-of-Care Diagnostics Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

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Research Methodology

The report is based on data analysis strategies by skilled data analysts. The research methodology involves collecting and analyzing information to provide significant market predictions. Interviews with market influencers make primary research relevant and practical. The secondary method provides a direct insight into demand and supply. Both primary and secondary data collection methods are used, along with publicly available sources like annual reports and white papers, to provide a comprehensive understanding of the market. The report offers precise data analysis and a comprehensive market tour.

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