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Point-Of-Care Molecular Diagnostics Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

02-26-2025 05:39 AM CET | Health & Medicine

Press release from: The Business Research Company

Point-Of-Care Molecular Diagnostics Market Growth

Point-Of-Care Molecular Diagnostics Market Growth

What market dynamics are playing a key role in accelerating the growth of the point-of-care molecular diagnostics market?
The surge in instances of infectious and respiratory ailments is projected to substantially drive the point-of-care molecular diagnostics market. Respiratory infections, typically caused by bacteria or viruses, affect the respiratory system and can be spread via coughing, sneezing, or physical contact. Respiratory disease treatment involves a range of solutions including inhalers, oral medication, intravenous treatments, and point-of-care molecular diagnostics. As reported by the Office for National Statistics, a UK-based statistical agency, the infection rate in England for those aged 35 to 69, and school years 12 to 24, increased towards the end of the week finishing December 9, 2022. Consequently, the growing incidence of infectious and respiratory diseases, and related mortalities, are set to propel the point-of-care molecular diagnostics market.

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How will the growth rate of the point-of-care molecular diagnostics market shape industry trends by 2034?
The market size for point-of-care molecular diagnostics has seen considerable expansion lately. The prediction shows a surge from $3.55 billion in 2024 to $4.01 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.9%. Elements contributing to this growth in the historical period include a rising need for quick disease diagnosis, an increase in infectious disease outbreaks, the growth of telemedicine and remote testing, regulatory backing for point-of-care diagnostics, and the demand for personalized and precision medicine.

Expectations suggest a swift expansion in the upcoming years for the point-of-care molecular diagnostics market, with predictions showing it reaching a value of $7.02 billion by 2029 at a compound annual growth rate (CAGR) of 15.0%. Influencing this predicted growth are factors such as the miniaturization of diagnostic devices, an expanded range of point-of-care testing for cancer and genetic diseases, bespoke molecular diagnostics for various applications, and the inclusion of AI and machine learning for data examinations, as well as emerging infectious disease surveillance. Future trends within this period are projected to consist of lab-on-a-chip and microfluidic technologies, digital health, smartphone-based diagnostics, point-of-care Covid-19 readiness and even the introduction of AI-assisted predictive diagnostics as well as CRISPR-enabled molecular testing.

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What trends are poised to drive the future success of the point-of-care molecular diagnostics market?
One significant trend emerging in the point-of-care molecular diagnostics market is the focus on technological innovation. A number of major players in this industry are striving to fortify their standing by offering high-tech solutions. The adoption of new-age point-of-care molecular diagnostics technologies and related services such as ELISA, PCR, and MS is on the rise. Other services like spectral karyotyping imaging and DNA microarrays are also being integrated into POC devices, which helps in speeding up the analysis times and reducing costs. As an example, Sensible Diagnostics, an American diagnostics entity, recently introduced a point-of-care PCR system with a turnaround time of 10 minutes in May 2023. The organization has utilized the expertise acquired by Curative in the diagnostics sector during the pandemic. They claim to have conducted over two million molecular point-of-care COVID-19 tests, and their PCR platform now has a time-to-result of just 10 minutes.

Which primary segments of the point-of-care molecular diagnostics market are driving growth and industry transformations?
The point-of-care molecular diagnostics market covered in this report is segmented -

1) By Product And Service: Assays And Kits, Instruments And Analyzers, Software And Services
2) By Technology: Reverse Transcription - Polymerase Chain Reaction (RT-PCR), In Situ Hybridization, Sequencing
3) By Application: Respiratory Diseases, Hospital Acquired Infections (HAIs), Cancer/Oncology, Hepatitis, Hematology
4) By End-User: Decentralized Labs, Hospitals, Home Care, Assisted Living Healthcare Facilities

Subsegments:
1) By Assays And Kits: Nucleic Acid Amplification Tests (NAATs), Rapid Diagnostic Tests, Molecular Detection Kits, Reagents And Consumables
2) By Instruments And Analyzers: PCR Machines, Microfluidic Devices, Sequencers, Point-of-Care Analyzers
3) By Software And Services: Data Management Software, Cloud-Based Solutions, Technical Support And Maintenance Services, Consultation And Training Services

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Which geographical regions are pioneering growth in the point-of-care molecular diagnostics market?
North America was the largest region in the point-of-care molecular diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point-of-care molecular diagnostics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the influential players reshaping the point-of-care molecular diagnostics market landscape?
Major companies operating in the point-of-care molecular diagnostics market include Abbott Laboratories, F Hoffmann-La Roche Ltd., BioMérieux SA, Danaher Corporation, Quidel Corporation, BioMerieux SA, Bio-Rad Laboratories Inc., Sysmex Corporation, Illumina Inc., Myriad Genetics Inc., Siemens Healthcare GmbH, Almac Group, Biogenex Laboratories Inc., Cepheid Inc., Epic Sciences Inc., Foundation Medicine Inc., Genomic Health Inc., Grail Inc., Hologic Inc., HTG Molecular Diagnostics Inc., Inivata Ltd., Invivoscribe Inc., MolecularMD Corporation, Natera Inc., NeoGenomics Laboratories Inc., Personal Genome Diagnostics Inc., Prometheus Laboratories Inc., Ventana Medical Systems Inc., Vermillion Inc., Guardant Health Inc., Exact Sciences Corporation, Biocartis Group NV, ArcherDx Inc., Bio-Techne Corporation, AccuBiotech Co. Ltd., Becton, Dickinson and Company, Chembio Diagnostics Inc., Credo Diagnostics Biomedical Pvt. Ltd., EKF Diagnostics, GenePOC Inc.

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What Is Covered In The Point-Of-Care Molecular Diagnostics Global Market Report?

•Market Size Forecast: Examine the point-of-care molecular diagnostics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the point-of-care molecular diagnostics market for a structured understanding.
•Key Players Overview: Analyze major players in the point-of-care molecular diagnostics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the point-of-care molecular diagnostics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the point-of-care molecular diagnostics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the point-of-care molecular diagnostics market.
•Industry Challenges: Identify potential risks and obstacles affecting the point-of-care molecular diagnostics market.
•Competitive Landscape: Review strategic developments in the point-of-care molecular diagnostics market, including expansions, agreements, and new product launches.

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