Point of Care Diagnostic Devices Market – Forecast

The Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024, The point-of-care diagnostics devices and equipment market size has grown rapidly in recent years. It will grow from $32.81 billion in 2023 to $37.14 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%.  The growth in the historic period can be attributed to infectious disease outbreaks, patient convenience, remote and resource-limited areas, preventive care.

The point-of-care diagnostics devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $59.54 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.  The growth in the forecast period can be attributed to healthcare accessibility, global health threats, chronic disease management, telehealth and remote monitoring. Major trends in the forecast period include multiplex testing, smartphone integration, personalized medicine, lab-on-a-chip technology.

An increase in the incidence of target diseases is driving the POC devices and equipment market globally. The rising incidence of chronic diseases, like diabetes, rheumatism, or cancer is increasing steadily worldwide due to poor lifestyle choices and increasing obesity, thus driving the growth of the POC devices and equipment market. For example, from March 1, 2020, to March 26, 2022, the National Center for Health Statistics (NCHS) of the Centers for Disease Control and Prevention (CDC) recorded 1,946,662 documented deaths related to cardiovascular disease (CVD) in the United States, the expected death rate by 4.9%, within a confidence interval of 4.8% to 5.0%.

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The point-of-care diagnostics devices and equipment market covered in this report is segmented –

1) By Type: Infectious disease testing kits; Cardio metabolic monitoring kits;; Cholesterol testing kits; Pregnancy and fertility tests kits; Tumor/cancer markers; Urinalysis testing kits; Hematology testing kits; Drugs of abuse testing kits; Fecal occult testing kits; Other Types

2) By Prescription Mode: Prescription-based Testing Devices; Over-The-Counter (OTC) Testing Devices

3) By End User: Professional diagnostic centers; Hospitals/critical care centers; Outpatient healthcare Setting; Ambulatory care settings; Research laboratories; Home

The point-of-care diagnostics devices and equipment market report table of contents includes:

 

1. Executive Summary
2. Point-of-Care Diagnostics Devices And Equipment Market Characteristics
3. Point-of-Care Diagnostics Devices And Equipment Market Trends And Strategies
4. Point-of-Care Diagnostics Devices And Equipment Market – Macro Economic Scenario
5. Global Point-of-Care Diagnostics Devices And Equipment Market Size and Growth

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31. Global Point-of-Care Diagnostics Devices And Equipment Market Competitive Benchmarking
32. Global Point-of-Care Diagnostics Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Point-of-Care Diagnostics Devices And Equipment Market
34. Point-of-Care Diagnostics Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix

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