Comprehensive 2025 Point of Care Diagnostics Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Point of Care Diagnostics Market Through 2025?
In recent times, the point of care diagnostics market size has witnessed significant expansion. It is projected to increase from a record $48.06 billion in 2024 to $51.76 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. Factors such as the increase in chronic diseases, enhancements in diagnostic accuracy, changes in healthcare environments, pressures on healthcare costs, and a growing consumer preference for convenience have all contributed to this growth in the history period.

What's the Projected Size of the Global Point of Care Diagnostics Market by 2029?
The market size of point of care diagnostics is projected to increasingly expand in the upcoming years, with its projected size being around $74.15 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.4%. Factors such as the demand for remote healthcare, continued growth of markets in emerging economies, customization in healthcare, an emphasis on preventative healthcare measures, and increased funding for research and development are all contributing to the predicted growth within the forecast period. Key trends expected to shape the market during the forecast period includes the growth of personalized medicine, miniaturization of technology, integration of telemedicine, the discovery of new biomarkers, and increased autonomy of consumers in their healthcare choices.

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Top Growth Drivers in the Point of Care Diagnostics Industry: What's Accelerating the Market?
The point of care (POC) diagnostics market is being propelled by an escalating incidence of both chronic and infectious diseases. Chronic illnesses are typically slow to develop and frequently persist for at least three months or longer. POC diagnostics are significantly beneficial for managing these types of diseases and are extensively utilized due to their convenience. To illustrate, data from the Centers for Disease Control and Prevention (CDC) in 2023 indicated that 42% of adults in the U.S. were living with at least two chronic conditions. This is a concerning trend given the increasing number of adults who have more than one chronic disease. Consequently, this rise in chronic illnesses is fueling the growth of the point of care (POC) diagnostics market.

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What Trends Will Shape the Point of Care Diagnostics Market Through 2029 and Beyond?
There is an increasing trend towards product innovation in the Point of Care (POC) diagnostics market. Dominant businesses in this industry are leveraging the introduction of unique products to maintain their market standing. PocDoc, a diagnostics firm based in the US, exemplifies this in January 2022 when it unveiled the PocDoc Cardiovascular Diseases point-of-care test. The test involves a five-step process, which includes sample collection and testing, followed by capturing the result on a smartphone for an immediate diagnosis. What sets this product apart is its status as the world's first smartphone-based cardiovascular disease testing tool.

What Are the Main Segments in the Point of Care Diagnostics Market?
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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Which Top Companies are Driving Growth 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.

Which Regions Will Dominate the Point of Care Diagnostics Market Through 2029?
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

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