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What Is the Outlook for the Point Of Care Devices Market Heading Into 2029?
The market size for point of care devices has seen substantial growth in the past few years. The current size of $28.70 billion in 2024 is set to increase to $31.46 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The growth throughout the historical period can be linked to an increase in early disease detection awareness, a rise in the use of portable healthcare devices, a growing necessity for decentralized testing, increased government schemes for healthcare accessibility, and an overall increase in global health expenditure.
The market size for point of care devices is predicted to experience substantial growth in the forthcoming years, reaching a value of $44.84 billion in 2029 with a compound annual growth rate (CAGR) of 9.3%. This projected growth within the forecast period is a result of various factors such as the rising uptake of wireless and connected devices, increased focus on point-of-care testing in isolated regions, a heightened emphasis on affordable diagnostics, significant investments in healthcare infrastructure, an increased incidence of infectious diseases, and a growing demand for multi-parameter testing devices. Key trends noted within the forecast period include the progress in lab-on-a-chip technology, the emergence of diagnostic platforms powered by artificial intelligence, advances in smartphone-integrated testing devices, the enhancement of multiplex testing capabilities, and the creation of cloud-connected point-of-care systems.
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Which Factors Are Pushing The Point Of Care Devices Market Forward?
An increased need for diagnostic imaging is anticipated to boost the expansion of the point-of-care devices market. Diagnostic imaging involves methods and procedures that produce visual depictions of the internal structure of the body, facilitating clinical assessment and medical intervention. The demand for such imaging is on the rise, primarily due to the increasing presence of chronic diseases that require accurate and early diagnosis. Point-of-care devices augment diagnostic imaging with their compact and portable features, making them perfect for use in remote healthcare situations, clinics, and bedside care. They expedite processing times, producing quick and precise imaging outcomes, which, in turn, enhance clinical decision-making and efficiency in patient care. As an example, a National Library of Medicine survey study conducted in February 2025 showed that among 348,214,053 insured individuals, including those with Medicare fee-for-service, Medicare Advantage, Medicaid, and commercial insurance, from 2018 to 2022, it’s projected that imaging utilization would rise from 16.9% to 26.9% in 2055 relative to 2023. As a result, the accelerating demand for diagnostic imaging is driving the growth of the point-of-care devices market.
Which Segment Held The Largest Share In The Point Of Care Devices Market In 2025?
The point of care devices market covered in this report is segmented
1) By Type Of Device: Diagnostic Devices, Therapeutic Devices, Monitoring Devices, Treatment Devices, Support Devices
2) By Technology: Biochemical Technology, Microfluidics, Immunoassay Technology, Nucleic Acid Testing, Wearable Technology
3) By Application: Cardiology, Diabetes Management, Infectious Diseases, Oncology, Pediatrics
4) By Distribution Channel: Direct Sales, Distributors, Online Sales, Retail Pharmacies, Healthcare Institutions
5) By End User: Hospitals, Clinics, Home Care Settings, Diagnostic Laboratories, Emergency Medical Services (EMS)
Subsegments:
1) By Diagnostic Devices: Blood Glucose Monitors, Hematology Analyzers, Coagulation Analyzers, Urinalysis Devices, Molecular Diagnostics
2) By Therapeutic Devices: Infusion Pumps, Respiratory Therapy Devices, Pain Management Devices, Wound Care Devices, Dialysis Devices
3) By Monitoring Devices: Vital Signs Monitors, Cardiac Monitors, Pulse Oximeters, Temperature Monitors, Respiratory Monitors
4) By Treatment Devices: Defibrillators, Surgical Devices, Laser Therapy Devices, Physical Therapy Devices
5) By Support Devices: Sample Collection Devices, Specimen Transport Devices, Data Management Devices, Calibration And Maintenance Devices
How Are Key Trends Driving Expansion In The Point Of Care Devices Industry?
Leading businesses in the point-of-care devices market are investing in the creation of technologically superior solutions like AI-assisted handheld ultrasound systems, aimed at enhancing diagnostic precision and mobility. The AI-boosted handheld ultrasound systems are movable imaging instruments, employing AI algorithms to aid in generating and interpreting ultrasound imagery, thereby expediting and refining diagnosis accuracy. For example, Koninklijke Philips N.V., a healthcare technology firm from the Netherlands, unveiled the Compact 5000 Series, an AI-backed point-of-care ultrasound apparatus, in October 2023. This transportable tool provides exceptional imaging quality and incorporates state-of-the-art AI-guided automation for measurements and efficient workflows, thereby ensuring prompt and precise diagnosis in a variety of healthcare environments. It flaunts user-friendly controls, is compatible with several transducers, and seamlessly integrates with telemedicine platforms, thereby supporting collaborative remote clinical treatment.
Which Organizations Are Driving Progress In The Point Of Care Devices Industry?
Major companies operating in the point of care devices market are Johnson & Johnson, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton, Dickinson and Company, Hologic Inc., BioMérieux SA, Quidel Corporation, OraSure Technologies Inc., Nova Biomedical Corporation, Sekisui Diagnostics LLC, Abaxis Inc., EKF Diagnostics Holdings plc, Trinity Biotech plc, Chembio Diagnostics Inc., PTS Diagnostics LLC, MeMed, Alere Inc., Diagnostics For All Inc.
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Which Region Is Expected To Experience The Highest Growth In The Point Of Care Devices Industry?
North America was the largest region in the point of care devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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