Press release
Growth of POC Diagnostics Market Driven by Rise in Chronic and Infectious Diseases
POC Diagnostics Market
POC diagnostics devices, such as glucose monitors and cholesterol testing kits, empower patients to manage their health conditions independently, reducing the need for frequent hospital visits. For example, in November 2022, LumiraDx Healthcare introduced its high-sensitivity CRP POC antigen test in India to combat antibiotic resistance by minimizing inappropriate prescriptions.
The COVID-19 pandemic underscored the importance of rapid diagnostic solutions, as the quick results provided by POC devices proved crucial in controlling infections, especially in remote and resource-limited areas. During the pandemic, the widespread use of rapid antigen and molecular testing kits demonstrated the value of POC diagnostics in managing public health crises effectively.
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Key Market Drivers
Technological Advancements: Innovations in microfluidics, biosensors, and nanotechnology have made POC diagnostics more accurate, portable, and efficient. Microfluidics has enabled the miniaturization of devices for handling small liquid samples, while biosensors have enhanced the rapid and precise identification of biomarkers. For instance, electrochemical biosensors are commonly used in glucose monitors, and optical biosensors are increasingly applied to detecting infectious agents.
Role of Nanotechnology: Nanoparticles' unique properties have improved the sensitivity of diagnostic assays. Gold nanoparticles and quantum dots, for example, enhance signal amplification in lateral flow assays and other POC testing platforms. Nanotechnology has also contributed to the miniaturization of diagnostic tools, ensuring portability without compromising performance.
Market Restraints
High Costs: The advanced technology involved in POC diagnostic systems often results in high costs, posing a significant challenge to widespread adoption, especially in low- and middle-income countries. These systems require substantial investments in research and development and high-end manufacturing processes, making them expensive for healthcare facilities and individual patients in resource-constrained settings.
Market Segment Insights
Glucose Monitoring: POC glucose monitoring devices provide patients with the opportunity to frequently measure blood glucose levels and make informed decisions about their diet, exercise, and medication. These devices offer real-time data, allowing for immediate interventions during episodes of hypo- or hyperglycemia. In June 2023, South Korea's Ministry of Food and Drug Safety approved the country's first domestically produced continuous glucose monitoring (CGM) device, CareSens Air, designed for continuous operation over 15 days.
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Home Care and Self-Testing: POC diagnostics facilitate continuous health monitoring for patients with chronic diseases such as diabetes, cardiovascular conditions, and respiratory problems. Devices like glucometers and portable ECG monitors enable patients to measure their health parameters at home, reducing the need for frequent clinical visits. Self-testing using POC diagnostics also supports early detection and preventive care. Examples include pregnancy tests, ovulation kits, and rapid COVID-19 antigen tests. These devices, integrated with digital platforms, allow seamless data sharing with healthcare providers.
POC Diagnostics Top Companies and Competitive Landscape
The Plasma Medicine market involves the use of cold plasma technology for applications in wound healing, cancer treatment, and dental care, among others. The market is witnessing rapid advancement and is gaining increased adoption. Companies such as Abbott Laboratories, Roche Diagnostics, and Siemens Healthineers, with a strong foothold in diagnostics and healthcare solutions, are likely to extend their expertise into plasma-based diagnostic and therapeutic solutions.
With established research and development capabilities and global reach, they are better positioned to drive the integration of plasma medicine into mainstream healthcare practices. The Key players operating in the POC Diagnostics Market includes Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, BD (Becton, Dickinson and Company), Thermo Fisher Scientific, Medtronic, Quidel Corporation, Cepheid, Horiba Medical, OraSure Technologies, and Others.
QuantuMDx Group Limited is a U.K.-based point-of-care diagnostics company that, in May 2022, launched a new respiratory panel test for the detection of COVID-19, Flu A, Flu B, and RSV.
Some of the key companies in the global POC Diagnostics market include:
Abbott Laboratories
Roche Diagnostics
Siemens Healthineers
BD (Becton, Dickinson and Company)
Thermo Fisher Scientific
Medtronic
Quidel Corporation
Cepheid
Horiba Medical
OraSure Technologies
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POC Diagnostics Latest Industry Updates
In October 2022, Genes2Me Pvt. Ltd introduced the Rapi-Q Point-of-Care RT-PCR solution for the speedy and precise detection of HPV and tuberculosis. This CE-IVD-certified system is pretty easy to operate and will provide results in less than 45 minutes with extremely high sensitivity, reliable detection, and excellent performance.
POC Diagnostics Market Segmentation Analysis
By Product Outlook (Revenue, USD Billion; 2020-2033)
COVID-19 test products
Glucose Monitoring Products
Strips
Meters
Lancets & Lancing Devices
Cardiometabolic Monitoring Products
Point-of-care and rapid diagnostics Products
Blood Gas/Electrolyte Testing Products
HbA1c Testing Products
Infectious Disease Testing Products
Influenza Testing Products
HIV Testing Products
Hepatitis C Testing Products
Influenza Testing Products
Sexually Transmitted Disease Testing Products
Syphilis Testing Products
Human Papillomavirus (HPV) Testing Products
Chlamydia Trachomatis Testing Products
Herpes simplex virus (HSV) Testing Products
Healthcare-associated Infection Testing Products
Respiratory Infection Testing Products
Tuberculosis (TB) Testing Products
Clostridium Difficile Infection (CDI) Testing Products
Tropical Disease Testing Products
Other Infectious Disease Testing Products
Coagulation Monitoring Products
PT/INR Testing
ACT/APTT
Pregnancy & Fertility Testing Products
Pregnancy Testing Products
Fertility Testing Products
Tumor/Cancer Marker Testing Products
Urinalysis Testing Products
Cholesterol Testing Products
Hematology Testing Products
Thyroid Stimulating Hormone (TSH) Testing Products
Drugs-of-abuse Testing Products
Fecal Occult Testing Products
Other POC Products
By Platform Outlook (Revenue, USD Billion; 2020-2033)
Lateral Flow Assays
Dipsticks
Microfluidics
Molecular Diagnostics
Polymerase Chain Reaction (PCR)
Isothermal Nucleic Acid Amplification Technology (INAAT)
Other Molecular Diagnostic Technologies
Immunoassays
By Mode of Purchase Outlook (Revenue, USD Billion; 2020-2033)
Prescription-based Products
OTC Products
By Sample Outlook (Revenue, USD Billion; 2020-2033)
Blood Sample
Urine Sample
Nasal and Oropharyngeal Swabs Sample
Other Samples
By End-Use Outlook (Revenue, USD Billion; 2020-2033)
Clinical Laboratories
Ambulatory Care Facilities and Physician Offices
Pharmacies, retail clinics, & E-comm. Platforms
Hospitals, Critical Care Centers, Urgent care centers
Home Care & Self Testing
Other End Users
By Regional Outlook (Revenue, USD Billion; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Read More Related Report
POC Diagnostics Market Size @ https://www.emergenresearch.com/industry-report/poc-diagnostics-market/market-size
POC Diagnostics Market Share @ https://www.emergenresearch.com/industry-report/poc-diagnostics-market/market-share
POC Diagnostics Market Trends @ https://www.emergenresearch.com/industry-report/poc-diagnostics-market/market-trends
POC Diagnostics Regional Market Demand @ https://www.emergenresearch.com/industry-report/poc-diagnostics-market/regional-market-demand
POC Diagnostics Market Analysis @ https://www.emergenresearch.com/industry-report/poc-diagnostics-market/market-analysis
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