Point-of-Care Diagnostics Industry is Expected to Reach $ 115.75 Billion by 2031 - F. Hoffmann La-Roche Ltd., Abbott, Siemens Healthcare GmbH, Quidel Corporation

The Global Point-of-Care Diagnostics Market reached US$ 49.73 billion in 2023 and is expected to reach US$ 115.75 billion by 2031, growing at a CAGR of 11.5% during the forecast period 2024-2031.

Point-of-care (POC) diagnostic tests offer rapid results, enhancing patient care by diagnosing glucose levels, infectious diseases, cardiac conditions, and more. These tests are used in hospitals, clinics, and homes for quick medical responses. The market analysis for point-of-care diagnostics includes comprehensive data on market size, growth, trends, and forecasts through 2029, covering major countries worldwide. North America is expected to dominate the global market, with the United States and Canada leading in market share. Meanwhile, the European market is projected to maintain a significant presence through 2024-2031.

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Market Dynamics:

The rapid adoption of new technologies and increasing awareness are expected to boost market growth. Technological advancements, including the development of multiplexing POC tests, along with a growing focus through conferences and events, and the trend towards healthcare decentralization, are key factors driving this market. These developments will create new opportunities for point-of-care diagnostics throughout the forecast period.

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Segment Covered in the Point-of-Care Diagnostics Market:

By Product Type: Glucose Monitoring Products, Cardiometabolic Monitoring Products, Infectious Disease Testing Products, Coagulation Monitoring Products, Pregnancy and Fertility Testing Products, Tumor/Cancer Marker Testing Products, Drugs-of-Abuse Testing Products, Fecal Occult Testing Products, Others.

By Platform: Lateral Flow Assays, Immunoassays, Microfluidics, Dipsticks, Molecular Diagnostics, Others.

By Mode of Purchase: OTC Testing Products, Prescription-Based Testing Products.

By End User: Hospitals, Ambulatory surgical centers, Diagnostic Centers, Clinical Laboratories, Others.

Regional Analysis:

The global Point-of-Care Diagnostics market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Point-of-Care Diagnostics market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Point-of-Care Diagnostics market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Major Key Players:

• F. Hoffmann La-Roche Ltd.
• Abbott
• Siemens Healthcare GmbH
• Quidel Corporation
• Cepheid
• BD
• Thermo Fisher Scientific
• Biomerieux
• Chembio Diagnostics, Inc.
• EKF diagnostics

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

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