(EMAILWIRE.COM, March 26, 2025 ) Global Point of Care Diagnostics Market Size is valued at USD 15.5 Billion in 2024 and is predicted to reach USD 34.6 Billion by the year 2034 at a 8.4% CAGR during the forecast period for 2025-2034.
Global Point of Care Diagnostics Market 2025-2034 full Research Repot latest version is now available.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global point of care diagnostics market are:
Increasing rates of chronic and infectious diseases
Growing interest in customized treatment
Technological Development
The following are the primary obstacles to point of care diagnostics market’s expansion:
Financial Limitations and Compensation Concerns
Concerns about data security
Difficulty with Regulations
Future expansion opportunities for the global point of care diagnostics market include:
Increasing ageing population
Increasing research and development efforts
Growing innovative pharmaceuticals
Key Industry Insights & Findings from the report:
The prevalence of long-term health problems like diabetes and innovations in POC testing product technology are the primary factors propelling the worldwide point of care diagnostics market.
The increasing need to diagnose these conditions is fueling the growth of the point of care diagnostics industry.
North America dominated the market and accounted for a revenue share of global revenue in 2023.
The rising price of point of care diagnostics products is anticipated to limit their market expansion.
Market Analysis:
Point-of-care diagnostics (POC diagnostics) describes clinical diagnostic procedures executed without a conventional laboratory environment, usually at or close to the patient’s place of treatment. The demand for point-of-care (POC) diagnostics is expanding because of the rising need for quick, precise, and practical diagnostic solutions that improve outcomes for impacted individuals.
The COVID-19 pandemic also brought attention to the value of on-hand testing, which increased use worldwide. POC diagnostics are an essential component of modern medical services, and the industry is expanding due to supportive government initiatives, expanding healthcare facilities, and a move toward individualized treatment.
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List of Prominent Players in the Point of Care Diagnostics Market:
Abbott Laboratories
Dickinson, And Company (Bd)
Chembio Diagnostic Systems, Inc.
Danaher Corporation
Ekf Diagnostics Holdings Plc
Werfenlife, S.A.
Johnson & Johnson Services, Inc.
Nova Biomedical
Hoffmann-La Roche Ltd.
Sekisui Chemical Co. Ltd.
Quidel Corporation
Siemens Ag
Trinity Biotech
Accubiotech Co., Ltd
Recent Developments:
In January 2024, BD (Becton, Dickinson, and Company) announced the enrollment of the first patient in AGILITY. This IDE study will evaluate the efficacy and safety of the BD cardiovascular Included Artery for managing peripheral artery disease.
In March 2024, Abbott, with a global presence, revealed the arrival of the XIENCE Sierra Everolimus, which also Released the cardiovascular organ system in India. One of the newest implants in the XIENCE relatives, XIENCE Sierra, is currently accessible to patients with clogged blood vessels. It provides the highest level of security for cardiac interventionists in even extremely complicated circumstances.
In January 2025, Roche declared that the Phase III STARGLO trial achieved its main objective, which was long-term survival. A longer life span was observed in patients with returned or resistant (R/R) lymphoma of the large B cells (DLBCL) that had already undergone one round of treatment and were not eligible for an autologous stem cell transplant when given the combination of Columvi (glofitamab) using the drugs gemcitabine and treatment with (GemOx) instead of MabThera/Rituxan (rituximab) with GemOx.
Point of Care Diagnostics Market Dynamics:
Market Drivers: Technological Development
Technological breakthroughs have significantly influenced the development of POC diagnostics. POC treatments are increasingly precise, readily available, and accessible because of innovations, including device shrinking, the combination of sensor technology and the field of nanotechnology, and the creation of lightweight and transportable testing equipment.
These developments have also led to the development of novel point-of-care (POC) tests that may identify several illnesses or biomarkers simultaneously, thus improving the effectiveness of medical diagnosis and therapy choices.
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Challenges: Financial Limitations and Compensation Concerns
One major obstacle could be the cost of implementing Point-of-Care Testing (POCT). Compared to conventional laboratory testing, the beginning cost of acquisition and continuing operating expenses may be higher.
This economic consideration may restrict the widespread use of POCT, particularly in areas with limited resources or insufficient healthcare infrastructure. Additionally, both patients and physicians face financial difficulties due to certain medical organizations’ restricted payment authorization for these procedures.
North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American point-of-care diagnostics market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is because of a number of elements that have contributed to its substantial expenditure on medical technology and sophisticated healthcare infrastructure.
The region’s dominance of this sector is further strengthened by continuous technological improvements, such as mobile and electronic health platforms, which makes it a crucial place for point-of-care diagnostics innovations and deployment.
Segmentation of Point of Care Diagnostics Market-
By Platform-
Lateral Flow Assays
Dipsticks
Microfluidics
Molecular Diagnostic
By Product-
Blood Glucose Monitoring Testing Products
Cardiac Metabolism Monitoring Testing Products
Infectious Disease Testing Products
Coagulation Monitoring Products
Pregnancy and Fertility Testing Product
Fecal Occult Testing Products
Hematology Testing Products
Tumor/Cancer Markers Testing Products
Drugs of Abuse Testing Products
Urinalysis Testing Products
Cholesterol Testing Products
By Mode-
Prescription-Based Testing Products
Over-the-Counter (OTC) Testing Product
By End-users-
Home Care/Self Testing
Physician offices & Outpatient/Ambulatory Care Settings
Hospitals
Research Laboratories
By Region-
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
South East Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of Middle East and Africa
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