Point of Care Diagnostics Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Point of Care Diagnostics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Point of Care Diagnostics Market Size and Projected Growth Rate?
The market size of point of care diagnostics has seen robust growth recently. It is predicted to expand from $48.06 billion in 2024 to $51.76 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.7%. The growth observed in the past can be attributed to the increase in chronic diseases, improvements in diagnostic accuracy, changes in the healthcare setting, pressure on healthcare costs, and consumer demand for convenience.

The market size for point of care diagnostics is projected to experience substantial growth in the upcoming years, reaching the value of $74.15 billion by 2029 with a CAGR of 9.4%. The escalation in the forecast period is attributable to requirements for remote healthcare, market proliferation in developing economies, personalized healthcare emphasis, a concentration on preventive healthcare, and investment in research and development. Key trends over the forecast period encompass the advancement of personalized medicine, technological downsizing, the integration of telemedicine, the emergence of new biomarkers, and the empowerment of consumers.

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What Are the Different Point of Care Diagnostics Market Segments?
The point of care diagnostics market covered in this report is segmented -

1) By Product: Glucose Monitoring Kits, Infectious Diseases Testing Kits, Pregnancy And Fertility Testing Kits, Hematology Testing Kits, Cardiometabolic Monitoring Kits, Urinalysis Testing Kits, Cholesterol Test Strips, Other Products
2) By Mode Of Prescription: Prescription Based Devices, OTC (Over-The-Counter) Based Devices
3) By End User: Professional Diagnostic Centers, Research Laboratories, Home Care, Other End-Users

Subsegments:
1) By Glucose Monitoring Kits: Blood Glucose Meters, Test Strips
2) By Infectious Diseases Testing Kits: Rapid Antigen Tests, PCR Testing Kits, Serology Tests
3) By Pregnancy And Fertility Testing Kits: Home Pregnancy Tests, Ovulation Predictor Kits
4) By Hematology Testing Kits: Complete Blood Count (CBC) Test Kits, Coagulation Test Kits
5) By Cardiometabolic Monitoring Kits: Lipid Profile Test Kits, Blood Pressure Monitors
6) By Urinalysis Testing Kits: Dipstick Test Kits, Urine Culture Kits
7) By Cholesterol Test Strips: Home Cholesterol Testing Kits
8) By Other Products: Customizable Test Kits, Point Of Care Testing Platforms

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What Are the Primary Drivers Shaping the Point of Care Diagnostics Market?
The growing incidence of chronic and infectious ailments is propelling the development of the point of care (POC) diagnostics market. Chronic illnesses, which typically last three or more months and evolve slowly over time, can be more easily managed with POC diagnostics, boosting their usage due to the added convenience. For example, data from the Centers for Disease Control and Prevention (CDC) in 2023 indicated that 42% of U.S. adults had two or more chronic conditions. Such statistics underscore the escalating presence of multiple chronic illnesses amongst the adult demographic, consequently, stimulating the growth of the point of care (POC) diagnostics market.

Which Companies Are Leading in the Point of Care Diagnostics Market?
Major companies operating in the point of care diagnostics market include Abbott Laboratories, Siemens Healthineers AG, Beckman Coulter Inc., Becton, Dickinson and Company, Instrumentation Laboratory Company, Nova Biomedical Corporation, Qiagen NV, F. Hoffmann-La Roche Ltd., Biomeriux SA, Quidel Corporation, Orasure Technologies Inc., Johnson and Johnson, Thermo Fisher Scientific Inc., Sysmex corporation, Sinocare Inc., Arkray Inc., Danaher Corporation, Chembio Diagnostics Inc., EKF Diagnostics Holdings plc, Trinity Biotech plc, Fluxergy Inc., LumiraDx UK Ltd., Meridian Bioscience Inc., Nipro Europe Group Companies, AccuBioTech Co. Ltd., Atlas Genetics Ltd., Atlas Link Biotech Co. Ltd., Biomeme Inc., Cepheid Inc., Church & Dwight* Co. Inc.

What Are the Major Trends Shaping the Point of Care Diagnostics Market?
The surge in product innovations is an emerging trend in the point of care (POC) diagnostics market. Companies leading in the POC diagnostics market are continuously launching new and unique products to retain their market dominance. To illustrate, PocDoc, a prominent diagnostics firm based in the US, unveiled the PocDoc Cardiovascular Diseases point-of-care test in January 2022. This test encompasses five key stages, from sample collection to an immediate diagnosis delivered on the phone, using the lateral flow test kit. Notably, the product stands out as the first-ever smartphone-based test for cardiovascular disease.

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What Are the Top Revenue-Generating Geographies in the Point of Care Diagnostics Market?
North America was the largest region in the point of care diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the point of care diagnostics market report during the forecast period. The regions covered in the point of care diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Point of Care Diagnostics Market?
2. What is the CAGR expected in the Point of Care Diagnostics Market?
3. What Are the Key Innovations Transforming the Point of Care Diagnostics Industry?
4. Which Region Is Leading the Point of Care Diagnostics Market?

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