Global Point-of-Care Diagnostics Devices And Equipment Market Scope 2024, Forecast To 2033
18 Jan, 2024
The market for point-of-care diagnostics devices and equipment has experienced rapid growth, rising from $32.81 billion in 2023 to $37.14 billion in 2024, featuring a 13.2% CAGR. Historical growth is attributed to infectious disease outbreaks, patient convenience, remote and resource-limited areas, and preventive care. Expecting continued rapid growth, the market is projected to reach $59.54 billion in 2028, reflecting a 12.5% CAGR. Forecasted growth is linked to healthcare accessibility, global health threats, chronic disease management, and telehealth and remote monitoring. Key trends include multiplex testing, smartphone integration, personalized medicine, and lab-on-a-chip technology.
Global Point-of-Care Diagnostics Devices And Equipment Market Key Driver
POC devices and equipment market thrives due to a surge in target diseases. Chronic diseases like diabetes and cancer rise globally due to lifestyle choices and obesity. From March 2020 to March 2022, the CDC recorded 1,946,662 deaths related to cardiovascular disease in the United States, a 4.9% increase.
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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
By Geography: 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. Among these regions
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.
Major Point-of-Care Diagnostics Devices And Equipment Industry Players
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
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Point-of-Care Diagnostics Devices And Equipment Market Overview
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.
Point-of-Care Diagnostics Devices And Equipment Global Market Report 2023 provides data on the global point-of-care diagnostics devices and equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The point-of-care diagnostics devices and equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.