Global Point of Care Molecular Diagnostics
Market Report
2024
Point-of-Care Molecular Diagnostics Market size is expected to grow from USD 7.70 billion in 2022 to USD 9.90 billion by 2030, at a CAGR of 3.2% during the forecast period.2023 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Point-of-Care Molecular Diagnostics Market size is expected to grow from USD 7.70 billion in 2022 to USD 9.90 billion by 2030, at a CAGR of 3.2% during the forecast period.2023 to 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Point of Care Molecular Diagnostics Market Sales Revenue 2022 | $ 7.7 Billion |
Global Point of Care Molecular Diagnostics Market Sales Revenue 2030 | $ 9.9 Billion |
Global Point of Care Molecular Diagnostics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Market Split by By Product |
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Market Split by By Technology |
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Market Split by By Application |
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Market Split by By Test Location |
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Market Split by By End-Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Point of Care Molecular Diagnostics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Point of care molecular diagnostics (POC-MDx) is a type of medical testing that allows healthcare providers to rapidly detect and diagnose a wide range of diseases and conditions at the patient's bedside or in the clinic. Point of care molecular diagnostics use molecular biology techniques, such as polymerase chain reaction (PCR) or nucleic acid amplification tests (NAATs), to identify the presence of specific genetic or protein markers that are associated with a particular disease or condition.
The rising prevalence of chronic and infectious diseases such as COVID-19, HIV, HBC, and HCV is driving the growth of the market. Point-of-Care Molecular Diagnostics tests enable early detection and monitoring of these diseases, leading to better patient outcomes and reduced healthcare costs.
The increasing demand for rapid and accurate diagnosis drives innovation in the field. This is crucial in managing infectious diseases and improving patient outcomes. With the rise of infectious diseases such as COVID-19, the demand for rapid and accurate diagnostic tests has increased significantly. This factor supports the growth of the Point-of-Care Molecular Diagnostics Market.
Moreover, increasing advances in technology, such as miniaturization of diagnostic devices, improved assay sensitivity and specificity, and the integration of electronic medical records, have made Point-of-Care Molecular Diagnostics tests more accessible and user-friendly. This is projected to increase the demand for Point-of-Care Molecular Diagnostics.
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In March 2020, Abbott announced that the U.S. Food and Drug Administration (FDA) has issued Emergency Use Authorization (EUA) for the molecular point-of-care test for the detection of novel coronavirus (COVID-19), delivering positive results in as little as five minutes and negative results in 13 minutes. The test will run on the company's ID NOW platform, providing rapid results in a wide range of healthcare settings such as physicians' offices, urgent care clinics and hospital emergency departments.
Top Companies Market Share in Point of Care Molecular Diagnostics Industry: (In no particular order of Rank)
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Global Point of Care Molecular Diagnostics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Point of Care Molecular Diagnostics Industry growth. Point of Care Molecular Diagnostics market has been segmented with the help of its By Product, By Technology By Application, and others. Point of Care Molecular Diagnostics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Assays and kits segment held the major market share of Point-of-Care Molecular Diagnostics Market owing to increasing use of this products in the laboratory to research drugs and increasing need for quick and accurate testing is supporting the market growth.
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Based on Technology, PCR based technology segment held the major share of the Point-of-Care Molecular Diagnostics market in the year 2022 owing to increasing demand for RT-PCR tests for infectious diseases.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Point of Care Molecular Diagnostics market report 2024 Edition by contacting our team.
Based on application, infectious diseases segment held the largest market share owing to growing prevalence of infectious diseases and demand for Point-of-Care Molecular Diagnostics for the detection of diseases such as COVID-19 which requires rapid and accurate diagnosis to manage infectious diseases and improving patient outcomes.
Based on Test Location, POC test location segment held a significant share of the market. This is attributed to the growing adoption of POC tests across hospitals, clinics, and ambulatory centres.
Based on End-Use, the Decentralized Labs segment dominated the market owing to Point-of-Care Molecular Diagnostics test ability to provide rapid and accurate diagnosis and availability of centralized testing and established penetration of centralized testing supports the segment growth.
North America accounted for the major market share in the year 2022 owing to growing geriatric population, increasing healthcare expenditure and increasing demand for new technologies. This is driving the Point-of-Care Molecular Diagnostics market in this region. Moreover, increasing research and development spending and rising government support is projected to increase the growth of the Point-of-Care Molecular Diagnostics Market.
The current report Scope analyzes Point of Care Molecular Diagnostics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
I am a dedicated and detail-oriented research analyst, committed to unraveling the stories hidden within data. With a solid foundation in market research & analysis, I thrive in the dynamic realm of research, where every dataset presents an opportunity for discovery. My passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.
I am committed to continuous professional development, regularly participating in workshops, attending conferences, and staying attuned to emerging trends in research methodologies to maintain the highest standards in my work. I played a vital role in conducting market research and competitive analysis. I have a proven track record of synthesizing diverse datasets, employing statistical models, and presenting comprehensive insights. My collaborative approach with cross-functional teams facilitated effective communication of findings, fostering a culture of data-driven decision-making within the organization.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Point of Care Molecular Diagnostics Market is witnessing significant growth in the near future.
In 2023, the Assays & Kits segment accounted for noticeable share of global Point of Care Molecular Diagnostics Market and is projected to experience significant growth in the near future.
The PCR-based segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories Bayer Healthcare, Becton Dickinson and Company and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
By Product | Assays & Kits, Analyzers, Software & Services |
By Technology | PCR-based, Genetic Sequencing-based, Hybridization-based, Microarray-based |
By Application | Infectious Diseases, Oncology, Hematology, Prenatal Testing, Endocrinology, Other Applications |
By Test Location | OTC, POC |
By End-Use | Decentralized Labs, Hospitals, Homecare, Assisted Living Healthcare Facilities, Others |
List of Competitors | Abbott Laboratories Bayer Healthcare, F. Hoffmann La Roche AG, Becton Dickinson and Company, BioMerieux, Bio Rad Laboratories Inc., Cepheid Inc., Danaher Corporation, Johnson and Johnson |
This chapter will help you gain GLOBAL Market Analysis of Point of Care Molecular Diagnostics. Further deep in this chapter, you will be able to review Global Point of Care Molecular Diagnostics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Point of Care Molecular Diagnostics Market Trends North America Point of Care Molecular Diagnostics Technological Road Map North America Point of Care Molecular Diagnostics Market Drivers North America Point of Care Molecular Diagnostics Market Restraints North America Point of Care Molecular Diagnostics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation By Product Analysis 2019 -2031, will provide market size split by By Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by By Product Analysis 2019 -2031
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Chapter 11 Market Split by By Technology Analysis 2019 -2031
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Chapter 12 Market Split by By Application Analysis 2019 -2031
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Chapter 13 Market Split by By Test Location Analysis 2019 -2031
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Chapter 14 Market Split by By End-Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Point of Care Molecular Diagnostics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Assays & Kits have a significant impact on Point of Care Molecular Diagnostics market? |
What are the key factors affecting the Assays & Kits and Analyzers of Point of Care Molecular Diagnostics Market? |
What is the CAGR/Growth Rate of PCR-based during the forecast period? |
By type, which segment accounted for largest share of the global Point of Care Molecular Diagnostics Market? |
Which region is expected to dominate the global Point of Care Molecular Diagnostics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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