Global Point of Care (PoC) Diagnostics Industry Outlook
Global Point of Care (PoC) diagnostics market size is expected to reach USD 89.55 Billion in 2030 and register a revenue CAGR of 10.2% over the forecast period, according to the latest report by Reports and Data. Rise in prevalence of infectious and chronic diseases and increase in awareness of PoC diagnostics products among the global population are key factors driving market revenue growth over the forecast period.
Increase in prevalence of chronic and infectious diseases and subsequent demand for better treatment and rapid detection of diagnostics services cause a heavy burden on traditional diagnostic mechanism. This leads to an increase in demand for PoC diagnostics products. Diagnosis at patient care units is efficient and results in quick turn-around time, concordant with laboratories, and helps in rapid management of diseases, boosting market growth over the forecast period.
The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.
In-depth Study of the Competitive Landscape:
The global Point of Care (PoC) Diagnostics market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Abbott Laboratories Inc, AccuBioTech Co Ltd., BioMérieux SA, Bio-Rad Laboratories Inc., Becton, Dickinson and Company, Chembio Diagnostics Systems Inc., Danaher Corporation, EKF Diagnostics, Hoffmann-La Roche, Instrumentation Laboratory, Johnson & Johnson, Nova Biomedical Corporation, PTS Diagnostics, Siemens Healthineers, QUIGEN GmbH, and Quidel Corporation.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Application Outlook (Revenue, USD Billion; 2019-2030)
- Lateral Flow Assays
- Immunoassays
- Biosensors
- Dipsticks
- Microfluidics
- Molecular Diagnostics
- Others
Purchase Mode Outlook (Revenue, USD Billion; 2019-2030)
- Prescription-based Testing
- OTC Testing
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Point of Care (PoC) Diagnostics market over the forecast period?
- What are the major factors driving the growth of the Global Point of Care (PoC) Diagnostics Market?
- What are the key challenges impacting the global Point of Care (PoC) Diagnostics market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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