Point of Care Diagnostics Market Size & Share Analysis 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $59.54 billion In 2028 At A CAGR Of 12.5% :

The point-of-care diagnostics devices and equipment market size has grown rapidly in recent years. It will grow from $32.81 billion in 2023 to $37.14 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to infectious disease outbreaks, patient convenience, remote and resource-limited areas, preventive care.

The point-of-care diagnostics devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $59.54 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to healthcare accessibility, global health threats, chronic disease management, telehealth and remote monitoring. Major trends in the forecast period include multiplex testing, smartphone integration, personalized medicine, lab-on-a-chip technology.

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Point-of-Care Diagnostics Devices And Equipment Market Major 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

Key Driver - Rising Incidence Of Chronic Diseases Fueling Global Growth In Poc Devices And Equipment Market

An increase in the incidence of target diseases is driving the POC devices and equipment market globally. The rising incidence of chronic diseases, like diabetes, rheumatism, or cancer is increasing steadily worldwide due to poor lifestyle choices and increasing obesity, thus driving the growth of the POC devices and equipment market. For example, from March 1, 2020, to March 26, 2022, the National Center for Health Statistics (NCHS) of the Centers for Disease Control and Prevention (CDC) recorded 1,946,662 documented deaths related to cardiovascular disease (CVD) in the United States, the expected death rate by 4.9%, within a confidence interval of 4.8% to 5.0%.

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

Over-the-counter (OTC) testing is being termed as an important trend driving the growth of the point-of-care diagnostics market. FDA has approved OTC test kits for cholesterol, fecal occult blood, pregnancy, and HIV/HCV. This method would improve the access to testing and early detection of the disease. These testing kits may generate more revenue than prescription tests over the forecast period due to ease of using the kits, increased home care and self-testing, and a rise in availability and adoption rate.

Point-of-Care Diagnostics Devices And Equipment Market Players
Major companies operating in the point-of-care diagnostics devices and equipment market include Abbott Laboratories, F. Hoffmann-La Roche AG, Siemens Healthineers, Danaher, Beckman Coulter, Becton Dickinson and Company, Qiagen N.V., Johnson & Johnson, Alere, BioMerieux, Chembio Diagnostic Systems, Quidel Corporation, EKF Diagnostics, Trinity Biotech Plc, OraSure Technologies, Sysmex Corporation, Radiometer Medical ApS, Response Biomedical Corporation, Bio-Rad Laboratories, Illumina, Thermo Fisher Scientific Inc., LabCorp, Luminex Corporation, LifeScan, Nova, Sekisui Diagnostics, Hemocue AB, Akers Biosciences, 3D Systems Healthcare, Artec 3D, Canon Medical Systems Corporation, Carestream Health, ContextVision, CurveBeam, EchoPixel, EOS Imaging, Esaote, GE Healthcare, Hitachi Healthcare, Hologic, Intrasense, KaVo Kerr, Konica Minolta Healthcare, Materialise, Mobius Imaging, Neusoft Medical Systems, Orfit Industries, Philips Healthcare, Pie Medical Imaging, Planmed Oy, Sectra, Shenzhen Mindray Bio-Medical Electronics, Shimadzu Corporation, Varian Medical Systems, Ziehm Imaging GmbH

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Largest And Fastest Growing Region In The Market
North America was the largest region in the point-of-care diagnostic devices and equipment market in 2023. Asia-Pacific was the second-largest region in the global point-of-care diagnostics devices and equipment market. The regions covered in the point-of-care diagnostics devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Point-of-Care Diagnostics Devices And Equipment Market Report Structure
3. Point-of-Care Diagnostics Devices And Equipment Market Trends And Strategies
4. Point-of-Care Diagnostics Devices And Equipment Market - Macro Economic Scenario
5. Point-of-Care Diagnostics Devices And Equipment Market Size And Growth
…..
27. Point-of-Care Diagnostics Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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