Revolutionizing Healthcare Accessibility: Unveiling the Dynamics of the Point-of-Care Diagnostics Devices and Equipment Market

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The point-of-care diagnostics devices and equipment market has experienced rapid growth, surging from $32.81 billion in 2023 to a projected $37.14 billion in 2024, boasting a robust compound annual growth rate (CAGR) of 13.2%. Anticipated projections indicate an even more substantial expansion, reaching $59.54 billion by 2028, with a CAGR of 12.5%.

Rising Incidence Of Chronic Diseases Fueling Global Growth In POC Devices And Equipment Market:

The global surge in target diseases, particularly chronic ailments like diabetes, rheumatism, and cancer, is a prime driver propelling the point-of-care (POC) devices and equipment market. Lifestyle choices, increasing obesity rates, and poor health habits contribute to a steady rise in chronic diseases worldwide, underscoring the crucial role of POC devices in managing and diagnosing such conditions.

Increasing Adoption Of Mobile Health Technologies Boost The Point-Of-Care Diagnostics Devices Market:

The adoption of mobile health technologies emerges as a significant catalyst in propelling the point-of-care diagnostics devices market forward. Mobile health, utilizing devices like smartphones and wearables, synergizes with POC devices, enabling swift testing and data collection near the patient's location. This integration facilitates rapid and convenient testing, with results often linked to mobile apps or smartphones for seamless data management and transmission.

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FDA-Approved Otc Testing Emerges As Key Driver For Point-Of-Care Diagnostics Market Growth:

A noteworthy trend driving point-of-care diagnostics devices market growth is the FDA's approval of over-the-counter (OTC) testing kits for various conditions, including cholesterol, fecal occult blood, pregnancy, and HIV/HCV. OTC testing enhances accessibility, promotes early disease detection, and is expected to generate substantial revenue due to its user-friendly nature and the increasing trend of home care and self-testing.

Innovative Point-Of-Care Diagnostic Device Cippoint Revolutionizes Healthcare Accessibility:

Companies in the point-of-care diagnostics devices market are at the forefront of innovation, exemplified by products like Cippoint, a point-of-care testing device catering to multiple health conditions. Developed by Cipla Limited, this state-of-the-art device offers a wide array of testing parameters, including cardiac markers, diabetes, infectious diseases, fertility, thyroid function, inflammation, metabolic markers, and coagulation markers. Cippoint's immunofluorescence-based quantitative analysis provides quick results, streamlining clinical decision-making.

Region Information:

As of 2023, North America commands the largest share in the global point-of-care diagnostic devices and equipment market, closely followed by Asia-Pacific. These regions play pivotal roles in driving innovation, setting trends, and influencing market dynamics.

Segments:

The point-of-care diagnostics devices and equipment market covered in this report is segmented -
1) By Type: Infectious disease testing kits, Cardio metabolic monitoring kits,, Cholesterol testing kits, Pregnancy and fertility tests kits, Tumor/cancer markers, Urinalysis testing kits, Hematology testing kits, Drugs of abuse testing kits, Fecal occult testing kits, Other Types
2) By Prescription Mode: Prescription-based Testing Devices, Over-The-Counter (OTC) Testing Devices
3) By End User: Professional diagnostic centers, Hospitals/critical care centers, Outpatient healthcare Setting, Ambulatory care settings, Research laboratories, Home

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Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024 from TBRC covers the following information:

Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on point-of-care diagnostics devices and equipment market size, point-of-care diagnostics devices and equipment market drivers and trends, point-of-care diagnostics devices and equipment market major players, competitors' revenues, market positioning, and point-of-care diagnostics devices and equipment market growth across geographies. The point-of-care diagnostics devices and equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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