At what pace is the point-of-care diagnostics devices and equipment market growing, and what is its estimated value?
The point-of-care diagnostics devices and equipment market size has grown rapidly in recent years. It will grow from $61.43 billion in 2024 to $69.96 billion in 2025 at a compound annual growth rate (CAGR) of 13.9%. 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 $111.87 billion in 2029 at a compound annual growth rate (CAGR) of 12.4%. 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.
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What are the top drivers to the rising demand in the point-of-care diagnostics devices and equipment market?
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 instance, in March 2022, according to the IDF Diabetes Atlas, a Belgium-based global resource providing comprehensive data and insights on diabetes prevalence, treatment, and care worldwide. The global prevalence of diabetes is projected to increase from 643 million in 2030 to 783 million by 2045, an addition of 140 million cases. Currently, 537 million adults live with diabetes, with over 75% in low- and middle-income countries.
How is the point-of-care diagnostics devices and equipment market segmented?
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 Or 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
Subsegments:
1) By Infectious Disease Testing Kits: HIV Testing Kits, Hepatitis Testing Kits, Malaria Testing Kits, Influenza Testing Kits, COVID-19 Testing Kits, Other Infectious Disease Testing Kits
2) By Cardio Metabolic Monitoring Kits: Blood Glucose Testing Kits, Blood Pressure Monitoring Kits, Lipid Testing Kits, Other Cardio Metabolic Monitoring Kits
3) By Cholesterol Testing Kits: Total Cholesterol Testing Kits, HDL Cholesterol Testing Kits, LDL Cholesterol Testing Kits, Triglyceride Testing Kits
4) By Pregnancy and Fertility Test Kits: Pregnancy Test Kits, Ovulation Test Kits, Fertility Monitoring Kits
5) By Tumor Or Cancer Markers: Prostate-Specific Antigen (PSA) Test Kits, Human Epidermal Growth Factor Receptor 2 (HER2) Test Kits, CA-125 Test Kits, Alpha-Fetoprotein (AFP) Test Kits, Other Cancer Marker Test Kits
6) By Urinalysis Testing Kits: Protein Testing Kits, Glucose Testing Kits, pH Testing Kits, Specific Gravity Testing Kits, Nitrite Testing Kits, Other Urinalysis Testing Kits
7) By Hematology Testing Kits: Complete Blood Count (CBC) Kits, Hemoglobin Testing Kits, Hematocrit Testing Kits, Platelet Count Kits, Other Hematology Testing Kits
8) By Drugs of Abuse Testing Kits: Marijuana Testing Kits, Cocaine Testing Kits, Opioid Testing Kits, Amphetamine Testing Kits, Other Drugs of Abuse Testing Kits
9) By Fecal Occult Testing Kits: Stool Blood Test Kits, Occult Blood Screening Kits, Other Fecal Occult Testing Kits
10) By Other Types: Glucose Monitoring Kits, Temperature Monitoring Kits, Oxygen Saturation Monitoring Kits, Other Specialty Point-of-Care Kits
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Who are the top competitors in the point-of-care diagnostics devices and equipment market?
Major companies operating in the point-of-care diagnostics devices and equipment market include Abbott Laboratories, F. Hoffmann-La Roche AG, Siemens Healthineers, Danaher, Beckman Coulter, Becton Dickinson and Company, Qiagen N.V., Johnson & Johnson, Alere, BioMerieux, Chembio Diagnostic Systems, Quidel Corporation, EKF Diagnostics, Trinity Biotech Plc, OraSure Technologies, Sysmex Corporation, Radiometer Medical ApS, Response Biomedical Corporation, Bio-Rad Laboratories, Illumina, Thermo Fisher Scientific Inc., LabCorp, Luminex Corporation, LifeScan, Nova, Sekisui Diagnostics, Hemocue AB, Akers Biosciences, 3D Systems Healthcare, Artec 3D, Canon Medical Systems Corporation, Carestream Health, ContextVision, CurveBeam, EchoPixel, EOS Imaging, Esaote, GE Healthcare, Hitachi Healthcare, Hologic, Intrasense, KaVo Kerr, Konica Minolta Healthcare, Materialise, Mobius Imaging, Neusoft Medical Systems, Orfit Industries, Philips Healthcare, Pie Medical Imaging, Planmed Oy, Sectra, Shenzhen Mindray Bio-Medical Electronics, Shimadzu Corporation, Varian Medical Systems, Ziehm Imaging GmbH
How will evolving trends contribute to the growth of the point-of-care diagnostics devices and equipment market?
Over-the-counter (OTC) testing is being termed as an important trend driving the growth of the point-of-care diagnostics market. FDA has approved OTC test kits for cholesterol, fecal occult blood, pregnancy, and HIV/HCV. This method would improve the access to testing and early detection of the disease. These testing kits may generate more revenue than prescription tests over the forecast period due to ease of using the kits, increased home care and self-testing, and a rise in availability and adoption rate.
Which regional trends are influencing the point-of-care diagnostics devices and equipment market, and which area dominates the industry?
North America was the largest region in the point-of-care diagnostic devices and equipment market in 2023. Asia-Pacific was the second-largest region in the global point-of-care diagnostics devices and equipment market. The regions covered in the point-of-care diagnostics devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Point-of-Care Diagnostics Devices And Equipment Market Report 2025 Offer?
The point-of-care diagnostics devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Point-of-care diagnostics devices are designed to aid doctors in performing medical diagnostic testing at or near the point of care, for immediate knowledge on diseases or conditions. These devices are used to test glucose and cholesterol levels, do electrolyte and enzyme analysis, test for drugs of abuse and for infectious diseases, and for pregnancy testing.
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