Global Point Of Care Testing Market to be Worth USD 78.85 Billion by 2028 - Zion Market Research

07-Sep-2021 | Zion Market Research

Global Point of Care Testing Market: Overview

In terms of revenue, the global Point Of Care Testing market accounted for USD 31.17 Billion in 2020 and is expected to reach USD 78.85 Billion by 2028, growing at a CAGR of 12.3% from 2021 to 2028.

Point of care (POC) testing are primarily used for diagnosis of disease for early detection and monitoring along with its effective treatment and management. These products are proliferating with a smart solution and embedded vision technology like the introduction of networking technologies, sample multiplexing, and miniaturization of devices.

Global Point of Care Testing Market: Growth Factors

One of the major factors driving the global point of care testing market is the growing prevalence of targeted and infectious diseases. Moreover, the outbreak of coronavirus has propelled the growth of POC testing vigorously. The increasing demand for home health care is further contributing vigorously to the growth of the global point of care testing market. The surging trend of the decentralization in the healthcare sector particularly, in patient care is creating many lucrative growth opportunities in the global point of care testing market. The functioning areas of POC testing are proliferating with digital technologies like smartphone-oriented solutions and thus propelling the growth of the global point of care testing market. Increasing research and developments in POC testing technologies to improve the process and innovation of more advanced technology is further fueling the growth of the market globally. The increasing number of pathologies all across the globe is expediting the growth of the global point of care testing market.

Global Point of Care Testing Market: Segmentation

The global point of care testing market can be segmented into end-use, product, technology, prescription, application, and region.

By end-use, the market can be segmented into Outpatient & Ambulatory Care Facilities, Hospitals & Critical Care Centers, Home Care Settings 5, and Other End Users. The clinic segment accounts for the largest share in the global point of care testing market.

By product, the market can be segmented into Glucose Monitoring Products, Cardiometabolic Monitoring Products, Infectious Disease Testing Products, Coagulation Monitoring Products, Pregnancy & Fertility Testing Products, Fecal Occult Testing Products, Hematology Testing Products, Tumor/Cancer Marker Testing Products, Urinalysis Testing Products, Drugs-of-abuse Testing Products, Cholesterol Testing Products, and Other POC Products.

By Mode of Purchase, the market can be segmented into OTC Testing Products, Prescription-based Testing Products.

By Platform, the market can be segmented into Lateral Flow Assays, Immunoassays, Microfluidics 1, Molecular Diagnostics, and Dipsticks.

Global Point of Care Testing Market: Regional analysis

North America accounts for the largest share in the global point of care testing market owing to the rising number of cases of infectious diseases along with the growing applications of POC tests for early diagnosis of diseases. Moreover, the growing investment by the private funding organizations and government for the development and advancement of point of care diagnostic tests is likely to propel the growth of the regional market significantly during the forecast period.

Asia Pacific is anticipated to witness huge growth owing to the rapid development of healthcare infrastructure. The increasing prevalence of targeted and chronic diseases like cancer and diabetes is expected to boost the growth of the regional market.

Global Point of Care Testing Market: Competitive Players

Some of the significant players in the global point of care testing market are Roche Diagnostics, Abbott Laboratories, Siemens Healthineers, Becton, Dickinson and Company, Johnson & Johnson, Danaher Corporation, Chembio Diagnostics, Quidel Corporation, EKF Diagnostics, Trinity Biotech, AccuBioTech, Nova Biomedical, PTS Diagnostics, Instrumentation Laboratory Company, and Sekisui Diagnostics.

Browse the full Point Of Care Testing Market By Product, (Glucose Monitoring Products, Cardiometabolic Monitoring Products, Infectious Disease Testing Products, Coagulation Monitoring Products, Pregnancy & Fertility Testing Products, Fecal Occult Testing Products, Hematology Testing Products, Tumor/Cancer Marker Testing Products, Urinalysis Testing Products, Drugs-Of-Abuse Testing Products, Cholesterol Testing Products, Other POC Products) By Platform, (Lateral Flow Assays, Immunoassays, Microfluidics 1, Molecular Diagnostics, Dipsticks) By Mode Of Purchase, (OTC Testing Products, Prescription-Based Testing Products) By End Users (Outpatient & Ambulatory Care Facilities, Hospitals & Critical Care Centers, Home Care Settings 5, Other End Users) - Global Industry Perspective, Comprehensive Analysis And Forecast, 2021-2028.” Report at https://www.zionmarketresearch.com/report/point-of-care-testing-market

Global Point of Care Testing Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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