Global Point-of-Care Diagnostics Devices And Equipment Market Analysis: Size, Drivers, Trends, Opportunities, And Strategies
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What is the Expected Growth Rate of the Point-of-Care Diagnostics Devices And Equipment Market from 2024 to 2033?
The point-of-care diagnostics devices and equipment market size will increase from $32.81 billion in 2023 to $37.14 billion in 2024, reflecting a CAGR of 13.2%. This growth is attributed to infectious disease outbreaks, patient convenience, remote healthcare accessibility, and the rise of preventive care.
The point-of-care diagnostics devices market is forecasted to grow to $59.54 billion by 2028, at a CAGR of 12.5%. Growth factors include healthcare access, chronic disease management, and telehealth. Trends include multiplex testing, smartphone integration, and lab-on-a-chip technology.
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What Key Factors Are Fueling the Growth of the Point-of-Care Diagnostics Devices And Equipment Market?
The rise in chronic diseases is driving the global market for point-of-care (POC) devices and equipment. Conditions like diabetes, cancer, and cardiovascular diseases are increasing due to lifestyle factors and rising obesity rates. For example, between 2020 and 2022, the Centers for Disease Control and Prevention (CDC) recorded nearly 1.95 million deaths related to cardiovascular diseases in the U.S. The increasing incidence of these diseases is driving the demand for POC devices.
What Are the Major Segments of the Point-of-Care Diagnostics Devices And Equipment Market?
1) 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, 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
What New Trends Are Transforming the Point-of-Care Diagnostics Devices And Equipment Market?
The growing popularity of over-the-counter (OTC) testing is contributing to the expansion of the point-of-care diagnostics market. FDA-approved OTC kits for conditions like cholesterol, HIV, and pregnancy are making testing more accessible, leading to higher adoption rates and driving revenue growth in the sector.
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Which Regions Are Driving Growth in 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.
The Point-of-Care Diagnostics Devices And Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the point-of-care diagnostics devices and equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Point-of-Care Diagnostics Devices And Equipment Market Include
1. Point-of-Care Diagnostics Devices And Equipment Market Executive Summary
2. Point-of-Care Diagnostics Devices And Equipment Market Segments
3. Point-of-Care Diagnostics Devices And Equipment Market Size And Template Market Growth Rate
4. Key Point-of-Care Diagnostics Devices And Equipment Market Trends
5. Major Point-of-Care Diagnostics Devices And Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Point-of-Care Diagnostics Devices And Equipment Market
26. Top Point-of-Care Diagnostics Devices And Equipment Companies
27. Point-of-Care Diagnostics Devices And Equipment Market Opportunities And Strategies
28. Point-of-Care Diagnostics Devices And Equipment Market, Conclusions And Recommendations
29. Appendix
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