With 5.2% CAGR, Global Point of Care Diagnostics Market Size Worth USD 51.94 Billion in 2029
According to Fortune Business Insights, the global Point of Care Diagnostics Market size is projected to reach USD 51.94 billion in 2029, at CAGR of 5.2% during forecast period; Rising Incidence Of Chronic & Infectious Diseases to Propel Growth
Pune, India, June 06, 2022 (GLOBE NEWSWIRE) -- The Global point of care diagnostics market 2029 is projected to grow during the forecast period due to the increasing incidences of infectious and chronic diseases. *Fortune Business Insights™ *publishes this information in a report titled, *Point of Care Diagnostics Market 2029*. As per the report, the point of care diagnostics market size was valued at *USD 46.65 billion* in 2021. The market size is expected to rise from *USD 36.37 billion* in 2022 to *USD 51.94 billion* by 2029 at a *CAGR of 5.2% *during the projected period.
The point of care diagnostics market report provides complete information regarding recent developments and trends in the industry. Also, development strategies adopted by the key market players such as mergers, acquisitions, alliances, and partnerships are highlighted further in this report. Furthermore, drivers and restraints affecting the market growth during the forecast period are discussed further in the report. The impact of COVID-19 pandemic on market development and expansion is elaborated further along with the recent launches introduced by the key market players. A list of prominent market players and regional market information is given further in this report.
*Request a Sample Copy of the Global Research Report: *https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/point-of-care-diagnostics-market-101072
*Report Scope & Segmentation *
*Report Coverage* *Details*
Forecast Period 2021 to 2028
Forecast Period 2021 to 2029 CAGR 5.2%
2029 Value Projection USD 51.94 billion
Base Year 2021
Market Size in 2022 USD 36.37 billion
Historical Data for 2018 to 2020
No. of Pages 182
Segments covered Product, End-Users and Geography Region
Growth Drivers Growing Incidence of Chronic and Infectious Diseases across the Globe to Foster Demand for Point of Care Diagnostics
Proliferation of Decentralized Healthcare Systems to Support Market Expansion
COVID-19 Pandemic Propelled the Market Growth Due to Increased Demand for COVID-19 Diagnostic
*
*
*Key Industry Development:*
June 2020: Celltrion Group announced the SARS-CoV-2 point-of-care antigen diagnostic kit. This will help expand access to COVID-19 diagnosis management and treatment globally
*Drivers & Restraints:*
*Rising Adoption of Decentralized Healthcare Systems To Propel Growth *
The market for point of care diagnostics is expected to grow significantly during the forecast period due to increasing incidences of chronic diseases and the rising spread of infectious diseases. Also, the growing inclination towards decentralized health systems is expected to drive the market. Furthermore, key market players' adoption of recent developments and technological advancements in the industry is projected to fuel the market during the forecast period. These factors are expected to ensure point of care diagnostics market growth in the coming years. However, increasing risks and lack of accuracy in test conduction may hamper the market growth.
*Click here to get the short-term and long-term impact of COVID-19 on this Market.*
*Please visit:* https://www.fortunebusinessinsights.com/industry-reports/point-of-care-diagnostics-market-101072
*
*
*Increasing Manufacturing Of Test Kits To Bolster Market Growth*
The outbreak of COVID-19 pandemic affected various industries in terms of revenue generation and production. However, the healthcare sector has witnessed a positive impact of this pandemic. The point of care diagnostics had high demand in the market due to increasing cases of COVID-19 and rising demand for frequent tests. During the pandemic, key market players have launched new products to meet customer demands. These factors have bolstered the market growth during the pandemic period.
*Segments: *
*Blood Sample Segment Dominates The Market To Conduct Various Disease Diagnosis*
By product type, the market is divided into blood glucose monitoring, infectious disease testing, cardiometabolic disease testing, pregnancy & fertility testing, hematology testing, and others.
Based on the sample, the market is segregated into blood, nasal & oropharyngeal swabs, urine, and others.
On the basis of end-user, the market is segmented into hospital bedside, physician’s office lab, urgent care & retail clinics, and home & self-testing.
Geographically, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
*
*
*Quick Buy Point of Care Diagnostics Market Research Report: *https://www.fortunebusinessinsights.com/checkout-page/101072
*Regional Insights: *
*North America Holds Highest Market Share Due to Favorable Reimbursement Policies *
North America dominates the global point of care diagnostics market share due to increasing cases of infectious diseases and the rising prevalence of chronic diseases among the population. The North American market stood at USD 14.48 billion in 2021. The regional market growth is expected to continue during the forecast period due to favorable reimbursement policies that are anticipated to boost the service demand.
Europe is expected to hold the second-highest position in the global market during the forecast period due to the increasing production of innovative products. Also, increasing government investment in R&D is expected to drive regional market growth.
*Competitive Landscape: *
*Key Players Launch New Products To Enhance Their Product Portfolio *
The Point of Care Diagnostics Market key players focus on implementing beneficial business growth strategies such as forming strategic alliances and collaborating with the supporting organizations. Also, implementing recent technologies and innovative product development ideas allow companies to improve their overall business performance and propel market growth.
*
*
*Have Any Query? Ask Our Experts: *https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/point-of-care-diagnostics-market-101072
*
*
*List of Key Players Profiled in the **Point of Care Diagnostics Market **Report*
· *F*. Hoffmann-La Roche Ltd (Basel, Switzerland)
· Thermo Fisher Scientific Inc. (Massachusetts, U.S.)
· Abbott Laboratories (Illinois, U.S.)
· Quest Diagnostics Incorporated (New Jersey, U.S.)
· BD (Franklin Lakes, U.S.)
· bioMérieux SA (Marcy l'Etoile, France)
· Cardinal Health, Inc. (Ohio, U.S.)
· Mesa Biotech (California, U.S.)
· Cepheid (California, U.S.)
· Trinity Biotech (Bray, Ireland)
· Quidel Corporation (San Diego, U.S.)
· Bio-Rad Laboratories Inc. (California, U.S.)
*Detailed Table of Content:*
· Point of Care Diagnostics Market Insights
· Overview: Details on Causative Agents Responsible for Infectious Diseases
· Prevalence of Key Disease Indications– For Key Country/Region
· Technological Advancements in the Point of Care Diagnostics
· New Product Launch
· Overview of Regulatory Scenario
· Key Industry Developments - Mergers, Acquisitions, and Partnerships
· Overview of COVID-19 Impact on POC Diagnostics Market
· Major Factors Driving the Impact of COVID-19
· Reimbursement Changes in Response to COVID-19 Impact
· Opportunities Offered by the Impact of COVID-19
· Overview of Global IVD Market, 2021
· Global Point of Care Diagnostics Market 2029
· Key Findings / Summary
· Market Analysis, Insights and Forecast – By Product
· Blood Glucose Monitoring
· Infectious Diseases
· Cardiometabolic Diseases
· Pregnancy & Infertility Testing
· Hematology Testing
· Others
· Market Analysis, Insights and Forecast – By Sample
· Blood
· Nasal and Oropharyngeal Swabs
· Urine
· Others
· Market Analysis, Insights and Forecast – By End User
· Hospital Bedside
· Physician’s Office Lab
· Urgent Care & Retail Clinics
· Homecare/Self-testing
· Market Analysis, Insights and Forecast – By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
· North America Point of Care Diagnostics Market Analysis, Insights and Forecast, 2029
· Key Findings / Summary
· Market Analysis, Insights and Forecast – By Product
· Blood Glucose Monitoring
· Infectious Diseases
· Cardiometabolic Diseases
· Pregnancy & Infertility Testing
· Hematology Testing
· Others
· Point of Care Diagnostics Market 2029 Analysis, Insights and Forecast – By Sample
· Blood
· Nasal and Oropharyngeal Swabs
· Urine
· Others
*TOC Continued…!!*
*
*
*Have Any Query? Ask Our Experts: *https://www.fortunebusinessinsights.com/enquiry/customization/point-of-care-diagnostics-market-101072
*
*
*About Us:*
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
*Contact Us:*
Fortune Business Insights™ Pvt. Ltd.
Pune - 411045, Maharashtra, India.
*Phone:*
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
*Email: *sales@fortunebusinessinsights.com