Meticulous Research®—a leading global market research company, published a research report titled, ‘Point-of-care Diagnostics Market by Application (Influenza, Pneumonia, COVID-19, TB, HAI, Hepatitis, HIV, Glucose, Coagulation, Hematology, Cancer, Cardiac), Platform, Purchase Mode (Prescription, OTC), End User (Home Care, Hospital)—Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the point-of-care diagnostics market is expected to reach $82.74 billion by 2029, at a CAGR of 7.4%. The growth of this market is driven by the increasing prevalence of chronic diseases and the rapidly growing demand for cost-effective and innovative POC diagnostic products.
Point-of-care Diagnostics Market: Future Outlook
The point-of-care diagnostics market is segmented based on Application (Infectious Disease Testing {Respiratory Infections Testing [Influenza, Tuberculosis, Pneumonia, Other Respiratory Infections], Healthcare-Associated Infection (HAI) Testing, Parasitic Infections, Gastrointestinal infections [Salmonellosis, E. coli Infections, Other GI infections], Blood-borne Infections Testing [Hepatitis, HIV, Other Blood-borne infections], Other Infectious Diseases testing}, Blood Glucose Monitoring {Test Strips, Glucometers, Lancets, Hemoglobin A1c Test Kits}, Cardiac Marker/Cardiac Metabolism, COVID-19 Testing, Coagulation Test {Prothrombin Time (PT/INR) Test, Activated Clotting Time (ACT/aPTT) Test, Other Tests}, Pregnancy and Fertility Testing {Pregnancy Test, Fertility Test}, Fecal Occult Testing, Hematology, Tumor/Cancer Markers Testing, Drugs of Abuse Test, Urinalysis, Cholesterol/lipid profile Testing, Other PoC Tests), Platform (Lateral Flow Assays, Molecular Diagnostics, Other Platforms), Mode of Purchase (Prescription-based Tests, Over-the-counter Tests), End User (Home Care/Self Testing, Hospitals, Physician offices & Ambulatory Care Settings, Diagnostics Labs, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.
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Scope of the Report:
Point-of-care Diagnostics Market, by Application
Infectious Diseases TestingRespiratory Infections TestingInfluenzaTuberculosis (TB)PneumoniaOther Respiratory InfectionsHealthcare-Associated Infection (HAI) TestingParasitic InfectionsGastrointestinal (GI) InfectionsSalmonellosiscoli InfectionsOther GI InfectionsBlood-borne Infections TestingHepatitisHIVOther Blood-borne InfectionsOther Infectious Disease TestingBlood Glucose MonitoringTest StripsGlucometersLancetsHemoglobin A1c Test KitsCardiac Marker / Cardiac Metabolism TestingCOVID-19 TestingCoagulation TestsProthrombin Time (PT/INR) TestsActivated Clotting Time (ACT/aPTT) TestsOther Coagulation TestsPregnancy and Fertility TestingPregnancy TestsFertility TestsFecal Occult TestingHematologyTumor/Cancer Markers TestingDrugs of Abuse TestUrinalysisCholesterol/Lipid Profile TestingOther PoC TestsPoint-of-care Diagnostics Market, by Platform
Lateral Flow AssaysMolecular DiagnosticsOther PlatformsPoint-of-care Market, by Mode of Purchase
Prescription-based TestsOver-the-Counter (OTC) TestsPoint-of-care Market, by End User
Home Care/Self TestingHospitalsPhysician offices & Ambulatory Care SettingsDiagnostics LabsOther End UsersPoint-of-care Diagnostics Market, by Geography
North AmericaS.CanadaEuropeGermanyK.FranceItalySpainRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaRest of APAC (RoAPAC)Latin America (LATAM)BrazilMexicoRest of Latin America (RoLATAM)Middle East & AfricaSpeak with Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4871
Based on application, in 2022, the infectious diseases testing segment is expected to account for the largest share of the point-of-care diagnostics market. The large market share of this segment is attributed to the COVID-19 outbreak, the high prevalence of other infectious diseases, and the increase in accessibility to rapid disease diagnosis.
Based on platform, the point-of-care diagnostics market is segmented into lateral flow assays, molecular diagnostics, and other platforms. In 2022, the lateral flow assays segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the affordability, accessibility, ease of use, and clinical utility of lateral flow assays in POC applications.
Based on mode of purchase, in 2022, the prescription-based tests segment is expected to account for the largest share of the point-of-care diagnostics market. Prescription-based point-of-care diagnostics products are used for critical care, infectious disease, cardiac markers, coagulation, hematology and other health conditions. The increase in prescriptions for these devices has contributed to the large market share of this segment.
Based on end user, in 2022, the hospitals segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the high demand for point-of-care diagnostics in emergency departments of hospitals. Rapid diagnosis has become crucial in emergency departments to reduce overcrowding due to increased primary care referrals. Connecting point-of-care devices to hospital information systems linked with electronic medical records offers several benefits, including faster access to clinical information, the ability to communicate test results more quickly, and eliminating challenges associated with reading errors. Point-of-care diagnostics products help hospitals improve overall efficiency by enabling quick monitoring, prognosis, and operational decision-making, driving their adoption in hospital settings.
This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and Middle East & Africa. In 2022, North America is expected to account for the largest share of the point-of-care diagnostics market. North America’s major market share is attributed to the strong penetration of point-of-care diagnostics products, advanced healthcare infrastructure, high healthcare expenditure, and the presence of key market players in the U.S. and Canada.
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Key Players
The key players operating in the point-of-care diagnostics market are Abbott Laboratories (U.S.), Siemens Healthineers AG (Germany), Quidel Corporation (U.S.), F. Hoffman-La Roche Ltd. (Switzerland), Danaher Corporation (U.S.), Becton, Dickinson and Company (U.S.), CHEMBIO DIAGNOSTICS, INC. (U.S.), EKF Diagnostics (U.K.), Trinity Biotech plc (Ireland), Werfen, S.A. (Spain), Nova Biomedical (U.S.), Sekisui Diagnostics (U.S.), Thermo Fisher Scientific (U.S.), and bioMérieux S.A. (France).
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