Point of Care (PoC) Diagnostics Market Size, Regional Outlook, Competitive Landscape, 2030


Global Point of Care (PoC) Diagnostics Market size is expected to reach USD 97.27 Billion in 2030 and register a revenue CAGR of 10.5% 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.

Point of care market revenue growth is primarily driven by factors such as rise in prevalence of infectious and chronic diseases caused by dangerous microbes posing a threat to public health and potentially the economy, increase in awareness of PoC diagnostics products, and rising use of home-based PoC devices. Point of Care Testing (PoCT) allows for diagnosis of infectious diseases in a wide range of settings including those without skilled technical staff or suitable laboratory equipment.

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.

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Top Players in the Global Point of Care (PoC) Diagnostics Market:

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.

PoC technologies that decentralized rapid and low-cost diagnostics of COVID-19 infection are the need of the hour. The commercialization of technologies helped develop fast PoC molecular diagnostics tests that help detect and prevent the spread. Thus, developments of innovative products encourage adoption of these technologies. Growing demand for rapid diagnosis test kits is projected to impact the PoC diagnostics market growth positively.

However, even though PoC devices are highly efficient and help in the rapid management of diseases, strict regulatory policies regarding approval and commercialization are one of the major hindrances that impact the mobility and market growth. On the basis of patient requirements and cases, the PoC test cost can be higher than tests conducted in traditional laboratories.

PoC Diagnostics Market Report: Regional Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Point of Care Diagnostics Market Segmentation:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

  • Glucose Monitoring Product
  • Cardio Metabolic Testing Product
  • Infectious Disease Testing Product

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

End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Hospitals / Critical Care Centers
  • Research Laboratories
  • Homecare
  • Others

Some Key Highlights in the Report:

·       Hospital/critical care center segment is expected to lead the global market in terms of revenue contribution due to increased awareness regarding early diagnosis of chronic diseases such as diabetes and others. In addition, demand for rapid tests and early management of diseases are key factors that are expected to propel growth of the segment.

·       Lateral flow assay segment is expected to account for the largest market share in the PoC diagnostics market over the forecast period. Growth of the segment is expected to be driven by increase in focus on replacing time-consuming and traditional laboratory techniques. Due to the low cost and clinical utility, lateral flow assays are a popular platform for PoC diagnostics.

·       Asia Pacific is expected to register a rapid revenue growth rate over the forecast period due to the presence of several key players, lower regularity hurdles, and rise in awareness and accessibility of innovative PoC diagnostics products.

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Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global Point of Care (PoC) Diagnostics market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global Point of Care (PoC) Diagnostics market?
  • Which regional market is expected to lead in terms of revenue share in the global Point of Care (PoC) Diagnostics market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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