Global Point of Care Diagnostics Market – Size, Outlook, Trends and Forecast (2024

Global Point of Care Diagnostics Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Point-of-care testing (POCT) is essential for the rapid detection of analytes near to the patient, which facilitates better disease diagnosis, monitoring, and management. It enables quick medical decisions, as the diseases can be diagnosed at a very early stage, leading to improved health outcomes for patients by enabling the early start of treatment. The global Point-of-Care Diagnostics market was valued at $21.40 Billion in 2016 and is expected to reach $45.87 Billion by 2022, at a CAGR of 10.0% during the forecast period. Increase in incidence of target diseases and technological advancements and new product launches are the drivers that boost the growth of the market. On the flipside, the high cost of devices and Lack of knowledge on the usage on POC devices are the restraints that hamper the market growth. Increase in POC tests with multiplexing capabilities and a rise in emerging markets are the opportunities for the market.

Research Study Objectives:

Define, estimate, and forecast the Point of Care Diagnostics market statistics by platform, product, prescription mode, end user and regions concerning the individual growth drivers, market trends and their contribution toward the Point of Care Diagnostics market growth
Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Point of Care Diagnostics Market Analysis
Analysis and conclusions on the future Point of Care Diagnostics market outlook.

Top-down and bottom-up approaches are used to validate the Point of Care Diagnostics Market Size and are used to estimate the size of other dependent submarkets. Key players in the market

Global Point of Care Diagnostics Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players categorised by countries

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Global Point of Care Diagnostics Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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