Molecular Point Of Care Testing (Using NAAT) Market Growth Health Infrastructure, Scope & Outlook 2029

Description
On the other hand, the increased healthcare expenditure and emerging countries with developed hospitals act as an opportunity to grow the global molecular point of care testing (using NAAT) market. molecular point of care testing (using NAAT) market is expected to reach USD 62,553.67 million by 2029 , from USD 25,170.05 million in 2020, growing at the CAGR of 10.8% in the forecast period of 2021 to 2029 . The global molecular point of care testing (using NAAT) market is expected to grow due to improving healthcare facilities and infrastructures and the adoption of end-of-care testing at the hospital, laboratories, and clinics, which can drive the market's growth. The other factors anticipated to propel the development of the molecular point of care testing (using NAAT) market include the rising prevalence of infectious diseases. The other factors, such as the lack of skilled professionals and the high cost of customized molecular point-of-care testing (using NAAT), hamper the growth of the global molecular end-of-care testing (using NAAT) market.
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Molecular Point Of Care Testing (Using NAAT) Market Scope And Market Size

With the increase in the successful diagnosis of chronic diseases, including cancer, anemia, type 2 diabetes, and others, the improved health care professionals provide regular training sessions for the professionals for conducting tests in account for the improvement of diagnosis rate in the region. With the increase in the burden of diseases, the diagnosis rate is also increasing. With the advancements in the diagnosis, the rate is also growing for people going through the diagnosis.

• On the basis of product, the molecular point of care testing (using NAAT) market is segmented into instruments, consumables, and reagents. In 2021, the consumables & reagents segment in the molecular point of care testing (using NAAT) market is expected to grow due to changing lifestyles and increasing chronic diseases, and increasing awareness of over-the-counter NAAT-based POCT devices.
• On the basis of end user, the molecular point of care testing (using NAAT) market is segmented into laboratories, hospitals, clinics, ambulatory centers, home care, assisted living facilities, and others. In 2021, the laboratories segment in the molecular point of care testing (using NAAT) market is expected to dominate because of the high preference of POCT testing being recommended to laboratories as they are fully focused on the diagnosis of the various disorder

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