Point-of-Care Diagnostics Devices And Equipment Global Market To Reach Value Of $33 Billion In 2025

13 Sep, 2021

The point-of-care diagnostics devices and equipment market consists of sales of point-of-care (POC) diagnostics devices and equipment and related services. Point-of-care diagnostics devices and equipment are designed to aid physicians in performing medical diagnostic testing at or near the point of care, for immediate knowledge on diseases or conditions. Point-of-care diagnostics are segmented into cardio metabolic monitoring kits, infectious diseases testing kits, cardiac and cancer markers excluding blood glucose monitoring kits.

Global Point-of-Care Diagnostics Devices And Equipment Market Size And Drivers:

The global point-of-care diagnostics devices and equipment market is expected to grow from $21.55 billion in 2020 to $25.3 billion in 2021 at a compound annual growth rate (CAGR) of 17.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $33.15 billion in 2025 at a CAGR of 7%. 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 POC devices and equipment market.

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Trends In The Global Point-of-Care Diagnostics Devices And Equipment Market

Over-the-Counter (OTC) testing is being termed as an important trend driving the growth of 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 rise in availability and adoption rate.

Global Point-of-Care Diagnostics Devices And Equipment Market Segments:
The global point-of-care diagnostics devices and equipment market is further segmented –
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, Others
By End User: Professional Diagnostic Centers, Hospitals/Critical Care Centers, Outpatient Healthcare Setting, Ambulatory Care Settings, Research Laboratories, Home
By Prescription Mode: Prescription-Based Testing Devices, Over-The-Counter (OTC) Testing Devices
By Geography: The global POC diagnostics devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Point-of-Care Diagnostics Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides point-of-care diagnostics devices and equipment market overviews, analyzes and forecasts market size and growth for the global point-of-care diagnostics devices and equipment market, point-of-care diagnostics devices and equipment market share, point-of-care diagnostics devices and equipment market players, point-of-care diagnostics devices and equipment market segments and geographies, point-of-care diagnostics devices and equipment market’s leading competitors’ revenues, profiles and market shares. The point-of-care diagnostics devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.