Point-of-Care Diagnostics: Technologies and Global Markets

Report Code: HLC043H

Publish Date: Oct 2024

Publisher: BCC Publishing

Category: Health Maintenance

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Report Highlights

The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.

Report Includes

  • 98 data tables and 46 additional tables
  • An overview of the global markets and technologies for point-of-care (POC) diagnostics
  • Analyses of global market trends, with market revenue data (sales figures) for 2021-2023, estimates for 2024, and projected CAGRs through 2029
  • Estimates of the market size and revenue forecasts for the PoC diagnostics market, with market share analysis by test type, product type, end user, and region
  • Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
  • Coverage of government regulations and policies, R&D initiatives, exploration activities, and government programs
  • Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices of leading companies, their ESG scores, and consumer attitudes
  • Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
  • Profiles of the leading companies, including Abbott, BD, Danaher Corp., Thermo Fisher Scientific Inc., and F. Hoffmann-La Roche Ltd.

Report Scope

The point-of-care diagnostics market is extensive and constantly evolving with new technologies and methodologies. This report explores the current and future market potential, competitive environment, regulatory scenario, and market trends, including projections through 2029 and an analysis of key players.

This report covers the entire industry, including hardware (devices, equipment, consumables), software, and analytics. The market is analyzed by test type, including alcohol and drug abuse, blood gas electrolyte and metabolite (BGEM), cardiac markers, cholesterol, glucose monitoring, hemoglobin/hemostasis, infectious disease, pregnancy and fertility, tumor markers, and urine chemistry, and it includes comprehensive regional analyses.

The report highlights ongoing R&D efforts focused on improving accuracy accessibility and incorporating innovative diagnostic procedures. It provides insights into market drivers, challenges, opportunities, industry status, developments, trends, and strategies like mergers, acquisitions, and collaborations. It is a valuable resource for market players, potential entrants, government agencies, and other stakeholders, especially those interested in geographic expansion.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $36.9 Billion
Market size forecast $65.9 Billion
Growth rate CAGR of 10.2% from 2024 to 2029
Units considered $ Millions
Segments covered By Test Type, Product Type, End User, and Region
Regions covered North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, France, the U.K., Italy, Spain, China, India, Japan, Australia, and South Korea
Key Market Drivers
  • High incidences of infectious diseases
  • Growing prevalence of chronic diseases
  • Increasing demand for self-testing
  • Global aging population
Companies studied
ABBOTTBD
DANAHER CORP.GE HEALTHCARE
F. HOFFMANN-LA ROCHE LTD.MEDTRONIC
THERMO FISHER SCIENTIFIC INC.SIEMENS HEALTHINEERS AG
QUEST DIAGNOSTICS INC.QUIDELORTHO CORP.
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Frequently Asked Questions (FAQs)

The global market for point of care diagnostics was valued at $36.9 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 10.2% to reach $65.9 billion by 2029.
Key drivers include:
  • Increase prevalence of chronic diseases.
  • High incidences of infectious diseases.
  • Increasing demand for self-testing.
The market has been segmented based on test type, product type, end user, and geography. Based on test type, the market in this report is segmented into alcohol and drug screening, BGEM, cardiac markers, cholesterol, glucose monitoring, hemoglobin/hemostasis, infectious disease, pregnancy and fertility, tumor markers, urine chemistry, and other diagnostic areas. Based on product type, point-of-care diagnostics: technologies and global market is segmented into hardware and software. Based on end user the market is segmented into hospitals and critical care centers, and home care settings Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Glucose monitoring point-of-care devices will dominate the market by the end of 2029.
North America holds the highest share in the market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Consulting Editor’s Credentials

Dr. Marianna Tcherpakov has more than 10 years of experience as a bench scientist specializing in the areas of biochemistry, cell biology, assay development, antibody and drug manufacturing. She has authored several scientific publications in peer review journals. In the last 10 years, Marianna worked as a business development professional in CRO/CDMO industry. She is familiar with pharmaceutical and biotech landscape, trends and potential future developments in industry.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Point-of-Care Diagnostics: Technologies and Global Markets159Free
Chapter- 1: Executive Summary5Free
Chapter- 2: Market Overview9Free
Chapter- 3: Market Dynamics11Free
Chapter- 4: Market Segmentation Analysis64Free
Chapter- 5: Emerging and Upcoming Technologies in the Market7Free
Chapter- 6: ESG Development6Free
Chapter- 7: Competitive Landscape8Free
Chapter- 8: Appendix49Free
Published - Jan-2022| Analyst - BCC Publishing| Code - HLC043G

Report Highlights

The global market for point of care diagnosis should grow from $24.8 billion in 2021 to $43.5 billion by 2026 with a compound annual growth rate (CAGR) of 11.9% for the period of 2021-2026.

Published - Aug-2019| Analyst - Jon Evans| Code - HLC043F

Report Highlights

The global market for point of care (POC) diagnostics and testing should grow from $19.3 billion in 2018 to $25.5 billion by 2023 with a compound annual growth rate (CAGR) of 5.7% from 2018 to 2023.

Published - Nov-2016| Analyst - Jon Evans| Code - HLC043E

Report Highlights

The global point of care (POC) diagnostics market was valued at nearly $16.8 billion and $18.0 billion in 2014 and 2015, respectively. This market is expected to grow from $19.3 billion in 2016 to $28.3 billion in 2021 at a compound annual growth rate (CAGR) of 8.0% for 2016-2021.

Published - Apr-2014| Analyst - Melissa Elder| Code - HLC043D

Report Highlights

BCC Research estimates the global market for point-of-care (POC) diagnostics to have been almost $15.1 billion in 2012. The market should reach $15.5 billion in 2013 and $19.3 billion in 2018, a compound annual growth rate (CAGR) of 4.5% over the next five years.

Published - Jan-2012| Analyst - Melissa Elder| Code - HLC043C

Report Highlights

The global point-of-care (POC) diagnostics market reached $13.4 billion in 2010 and is expected to reach $13.8 billion in 2011. It will further grow to $16.5 billion in 2016 for a compound annual growth rate (CAGR) of 3.7% between 2011 and 2016.

Published - Nov-2009| Analyst - Melissa Elder| Code - HLC043B

Report Highlights

  • Global POC market was worth nearly $13.4 billion in 2009, it is estimated to increase to $18.7 billion, at 5 year compound annual growth rate (CAGR) of 7.0%.
  • The largest test blood chemistry and electrolyte market was nearly $2.1 billion in 2009. This is expected to rise to $3.8 billion in 2014, at a CAGR of 12.0%.
  • Glucose monitoring test market reached approximately $7.7 million in 2009 and is projected to reach $9.9 billion in 2014, at a CAGR of 5.1%.
Published - Feb-2006| Analyst - Barbara Breindel| Code - HLC043A

Report Highlights

  • POC testing revenue reached an estimated $5.05 billion in 2005 and is expected to grow at a 13.8% AAGR through 2010, yielding sales of nearly $9.65 billion.
  • A major force driving the growth of this industry is the effort to provide better patient care by improving the time to treatment (TAT) that POC testing offers. Other forces include cost containment, the aging population, the increased incidence of certain diseases, and technological advances.
  • Glucose testing meters and supplies accounted for 47.9% of POC sales in 2005 and are expected to grow at a 9.4% AAGR through 2010. The worldwide incidence of diabetes is predicted to double in the next 25 years.

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Point-of-Care Diagnostics: Technologies and Global Markets
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