Strategic Forecast for the Point Of Care Devices Industry: Market Outlook 2025-2034

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Point Of Care Devices Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been significant growth in the market size of point of care devices. The projections show an increase from $28.70 billion in 2024 to $31.46 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this progression in the historic period include enhancing awareness about early disease identification, escalating adoption of portable healthcare gadgets, a heightened demand for decentralized testing, increased governmental endeavours to improve healthcare accessibility, and a global surge in healthcare expenditure.

How Will the Point Of Care Devices Market Size Evolve and Grow by 2029?
The market size for point of care devices is anticipated to undergo substantial growth in the coming years, reaching the value of $44.84 billion by 2029, with a 9.3% compound annual growth rate (CAGR). The escalation during the forecast period can be traced back to the growing acceptance of wireless and networked devices, an increased focus on point-of-care tests in secluded areas, a higher emphasis on cost-efficient diagnostics, growing investments in healthcare infrastructure, increased instances of infectious diseases, and a heightened demand for multi-parameter testing devices. Key trends during the forecast period incorporate advancements in lab-on-a-chip technology, creation of diagnostic platforms powered by artificial intelligence, innovation in testing devices integrated with smartphones, improved multiplex testing capabilities, and the creation of cloud-connected point-of-care systems.

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What Drivers Are Propelling the Growth of Point Of Care Devices Market Forward?
The surge in demand for diagnostic imaging is predicted to drive the expansion of the point-of-care devices market in the future. Diagnostic imaging involves techniques and procedures employed to generate visual depictions of the body's internals for medical analysis and intervention. The need for diagnostic imaging is escalating in line with the growing prevalence of chronic diseases that necessitate early and precise diagnosis. Point-of-care devices augment diagnostic imaging with their portable and compact designs, making them perfectly suited for clinics, bedside care, and distant healthcare environments. They minimize turnaround times by delivering quick and precise imaging outcomes, thereby enhancing clinical decision-making and efficiency in patient care. For example, in February 2025, a survey study conducted by the National Library of Medicine, a US federal government entity, among 348,214,053 insured from 2018 to 2022 including those under Medicare fee-for-service, Medicare Advantage, Medicaid, and commercial insurance, predicted that imaging utilization would be between 16.9% to 26.9% more than in 2023 by 2055. Hence, the escalating demand for diagnostic imaging is fuelling the expansion of the point-of-care devices market.

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What Are the Key Trends Driving Point Of Care Devices Market Growth?
Key players in the point-of-care devices market, such as artificial intelligence-enhanced handheld ultrasound systems, are putting a spotlight on the creation of technologically progressive solutions to enhance diagnostic accuracy and convenience of transport. These portable imaging devices, powered by AI algorithms, are designed to expedite and increase the precision of capturing and interpreting ultrasound images. A case in point would be the launch of the Compact 5000 Series by Koninklijke Philips N.V., a healthcare technology firm based in the Netherlands, in October 2023. This AI-enhanced point-of-care ultrasound system is not only portable but also gives superior image quality incorporated with sophisticated AI-controlled automation for measurements and streamlined procedures, thus ensuring quick and precise diagnoses in diverse healthcare environments. The device flaunts user-friendly functionalities, accommodates multiple transducers, and seamlessly interconnects with telemedicine platforms, thereby promoting collaborative remote medical care.

What Are the Key Segments in the Point Of Care Devices Market?
The point of care devices market covered in this report is segmented

1) By Type Of Device: Diagnostic Devices, Therapeutic Devices, Monitoring Devices, Treatment Devices, Support Devices
2) By Technology: Biochemical Technology, Microfluidics, Immunoassay Technology, Nucleic Acid Testing, Wearable Technology
3) By Application: Cardiology, Diabetes Management, Infectious Diseases, Oncology, Pediatrics
4) By Distribution Channel: Direct Sales, Distributors, Online Sales, Retail Pharmacies, Healthcare Institutions
5) By End User: Hospitals, Clinics, Home Care Settings, Diagnostic Laboratories, Emergency Medical Services (EMS)

Subsegments:
1) By Diagnostic Devices: Blood Glucose Monitors, Hematology Analyzers, Coagulation Analyzers, Urinalysis Devices, Molecular Diagnostics
2) By Therapeutic Devices: Infusion Pumps, Respiratory Therapy Devices, Pain Management Devices, Wound Care Devices, Dialysis Devices
3) By Monitoring Devices: Vital Signs Monitors, Cardiac Monitors, Pulse Oximeters, Temperature Monitors, Respiratory Monitors
4) By Treatment Devices: Defibrillators, Surgical Devices, Laser Therapy Devices, Physical Therapy Devices
5) By Support Devices: Sample Collection Devices, Specimen Transport Devices, Data Management Devices, Calibration And Maintenance Devices

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Who Are the Key Players Shaping the Point Of Care Devices Market's Competitive Landscape?
Major companies operating in the point of care devices market are Johnson & Johnson, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton, dic*kinson and Company, Hologic Inc., BioMérieux SA, Quidel Corporation, OraSure Technologies Inc., Nova Biomedical Corporation, Sekisui Diagnostics LLC, Abaxis Inc., EKF Diagnostics Holdings plc, Trinity Biotech plc, Chembio Diagnostics Inc., PTS Diagnostics LLC, MeMed, Alere Inc., Diagnostics For All Inc.

What Geographic Markets Are Powering Growth in the Point Of Care Devices Market?
North America was the largest region in the point of care devices 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 devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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