Global Point-of-Care Diagnostics Devices And Equipment Market
Medical Equipment

Point-of-Care Diagnostics Devices And Equipment Industry Valued at $111.87 Billion by 2029 With CAGR of 12.4% | Size and Share Insights

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What Are the Projected Market Size and Growth Rates for the Point-of-Care Diagnostics Devices And Equipment Market From 2025 To 2029?

The market for point-of-care diagnostics devices and equipment has seen a swift expansion in the past few years. The market is projected to rise from $61.43 billion in 2024 to $69.96 billion in 2025, a growth pattern that translates to a compound annual growth rate (CAGR) of 13.9%. This surge in the historical period was driven by factors like the outbreaks of infectious diseases, patient comfort, limited resources and remote areas, as well as preventive healthcare approaches.

What Is the Projected Market Size of the Point-of-Care Diagnostics Devices And Equipment Market?

In the coming years, the market size for point-of-care diagnostics devices and equipment is predicted to expand rapidly, reaching $111.87 billion in 2029 with a compound annual growth rate (CAGR) of 12.4%. Factors contributing to this growth in the projected period include increased healthcare accessibility, global health concerns, chronic disease management, as well as telehealth and remote monitoring. The forecast period is expected to witness major trends such as multiplex testing, smartphone integration, personalized medicine, and lab-on-a-chip technology.

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Who are the Major Competitors in the Point-of-Care Diagnostics Devices And Equipment Market Outlook?

Major companies operating in the point-of-care diagnostics devices and equipment market include 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

What Is Fueling Growth in the Point-of-Care Diagnostics Devices And Equipment Market?

The global growth of the POC devices and equipment market is being propelled by a rise in the occurrence of target diseases. The escalating occurrence of conditions such as diabetes, rheumatism, or cancer across the globe can be attributed to poor lifestyle choices and a surge in obesity rates, contributing to the expansion of the POC devices and equipment market. Illustratively, the IDF Diabetes Atlas, a comprehensive resource based in Belgium providing worldwide data on diabetes prevalence, treatment, and care, stated in March 2022 that the global count of diabetes cases is expected to surge from 643 million in 2030 to 783 million in 2045, which is an increase of 140 million cases. Presently, diabetes affects 537 million adults, out of which over 75% are from low- and middle-income nations.

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Which Point-of-Care Diagnostics Devices And Equipment Market Segments Are Growing the Fastest?

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 Or 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

Subsegments:

1) By Infectious Disease Testing Kits: HIV Testing Kits, Hepatitis Testing Kits, Malaria Testing Kits, Influenza Testing Kits, COVID-19 Testing Kits, Other Infectious Disease Testing Kits

2) By Cardio Metabolic Monitoring Kits: Blood Glucose Testing Kits, Blood Pressure Monitoring Kits, Lipid Testing Kits, Other Cardio Metabolic Monitoring Kits

3) By Cholesterol Testing Kits: Total Cholesterol Testing Kits, HDL Cholesterol Testing Kits, LDL Cholesterol Testing Kits, Triglyceride Testing Kits

4) By Pregnancy and Fertility Test Kits: Pregnancy Test Kits, Ovulation Test Kits, Fertility Monitoring Kits

5) By Tumor Or Cancer Markers: Prostate-Specific Antigen (PSA) Test Kits, Human Epidermal Growth Factor Receptor 2 (HER2) Test Kits, CA-125 Test Kits, Alpha-Fetoprotein (AFP) Test Kits, Other Cancer Marker Test Kits

6) By Urinalysis Testing Kits: Protein Testing Kits, Glucose Testing Kits, pH Testing Kits, Specific Gravity Testing Kits, Nitrite Testing Kits, Other Urinalysis Testing Kits

7) By Hematology Testing Kits: Complete Blood Count (CBC) Kits, Hemoglobin Testing Kits, Hematocrit Testing Kits, Platelet Count Kits, Other Hematology Testing Kits

8) By Drugs of Abuse Testing Kits: Marijuana Testing Kits, Cocaine Testing Kits, Opioid Testing Kits, Amphetamine Testing Kits, Other Drugs of Abuse Testing Kits

9) By Fecal Occult Testing Kits: Stool Blood Test Kits, Occult Blood Screening Kits, Other Fecal Occult Testing Kits

10) By Other Types: Glucose Monitoring Kits, Temperature Monitoring Kits, Oxygen Saturation Monitoring Kits, Other Specialty Point-of-Care Kits

Which Industry Trends Are Shaping the Future of the Point-of-Care Diagnostics Devices And Equipment Market?

The point-of-care diagnostics market is experiencing significant growth, a trend largely attributed to the emergence of over-the-counter (OTC) testing. OTC test kits for conditions like cholesterol, fecal occult blood, pregnancy, and HIV/HCV have gained FDA approval, enhancing early disease detection and accessibility to testing. Owing to their ease of use, increased adoption in home care and self-testing scenarios, and growing availability, these OTC testing kits are projected to generate higher revenue than prescribed tests throughout the forecast period.

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Which Countries Are Leading the Point-of-Care Diagnostics Devices And Equipment Market?

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.

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This Report Delivers Insight On:

1. How big is the point-of-care diagnostics devices and equipment market, and how is it changing globally?

2. Who are the major companies in the point-of-care diagnostics devices and equipment market, and how are they performing?

3. What are the key opportunities and risks in the point-of-care diagnostics devices and equipment market right now?

4. Which products or customer segments are growing the most in the point-of-care diagnostics devices and equipment market?

5. What factors are helping or slowing down the growth of the point-of-care diagnostics devices and equipment market?

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