Point of Care Diagnostics Market

Point of Care Diagnostics Market worth $77.8 billion by 2028

The report "Point of Care Diagnostics Market by Product (Glucose, HIV, Hep C, HPV, Hematology, Pregnancy), Platform (Microfluidic, Dipstick, RT-PCR, INAAT), Sample(Blood, Urine), Purchase (OTC, Rx), End User (Pharmacy, Hospitals, Home Care) - Global Forecast to 2028" global point-of-care diagnostics market is expected to reach USD 77.8 billion by 2028 from an estimated USD 49.7 billion in 2023, at a CAGR of 9.4% from 2023 to 2028.

Browse 191 market data Tables and 51 Figures spread through 322 Pages and in-depth TOC on "Point of Care Diagnostics Market by Product (Glucose, HIV, Hep C, HPV, Hematology, Pregnancy), Platform (Microfluidic, Dipstick, RT-PCR, INAAT), Sample(Blood, Urine), Purchase (OTC, Rx), End User (Pharmacy, Hospitals, Home Care) - Global Forecast to 2028"
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Globally, the growing burden of chronic diseases like diabetes, cardiovascular diseases, cancer is accelerating the demand for  rapid and effective daignostic testing.Moreover, the rising advancements in microfluidic technology, and miniaturization are eneabling manufacturers to develop portable and smaller PoC diagnostics devces. Moreover, the  shift  towards helathacre decentralization and increasing investments for product development is anticipated to bolster the growth opportunity for point of care daignostics market.

Pricing pressure due to reimbursement cuts and limited budgests along with strict regulatory approval process for new point of care product commercialization are factors expected to restrain market growth during the forecast period.

The Lateral Flow Assays segment segment, by platform , is expected to register the largest market share of the global point of care diagnostics market in 2022.

Based on platform, the point-of-care diagnostics market is segmented into lateral flow assays, immunoassays, microfluidics, dipsticks, and molecular diagnostics. The lateral flow assays segment dominated this market with a share of in 2022.Lateral flow assays are simpe in usage, relatively inexpensive, making it more accessible for patients and helathcare provider, LFA  technology does not requre trained person to operate , allowing  them to be used in various healthcare settings, from clinics and pharmacies to  remote arears, promoting halthcare decentralization. All these factors are contributing towards the dominace  of lateral flow technology in point of care diagnostics market.

The OTC testing product  segment , by mode of purchase, to dominate the  global point of care diagnostics market in 2022.

On the basis of mode of purchase OTC tetsing products segment acoounted the largets market share in 2022 attribuite ti the  increasing adoption of OTC products owing to its ease of usage  and convenience.The presence of diverse range of OTC point of care devices for diseases screening, personal helath monitoring  and various other conitions further contibutes to the rising demand for OTC PoC testing devices amoung consumers.

“The APAC market, by region, to register highest growth rate in the forecast period.”

On the basis of region, the radiotherapy  market is segmented into North America, Europe, Asia Pacific, and the Latin America, Middle East & Africa.  The Asia-Pacific market is likely to witness significant growth  owing to increase in cardiac diseases, diabetes, and infectious diseases  patient pool, moreover improving healthcare infrastructure and the implementation of supportive government initiatives to increase the accessibility of effective diagnostic tools  in several APAC countries such as India and China. The growing adoption of self testsing kits,  expansion of geographical footprints of key players, and emergence of many local players in the region are likely to support  growth of point of care diagnostics market in Asia Pacific

As of 2022, the point of care diagnostics  market was dominated by Abbott Laboratories (US), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), and Becton, Dickinson and Company (US)

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Point of Care Diagnostics Market Size,  Share & Growth Report
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