Top Growth Trends in the Point-Of-Care Molecular Diagnostics Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Point-Of-Care Molecular Diagnostics Market?
The increasing frequency of infectious and respiratory diseases is expected to contribute to the growth of the point-of-care molecular diagnostics market. Respiratory infections, often spread through airborne microorganisms, require various treatments including point-of-care diagnostics. According to the Office for National Statistics, infection rates in the UK increased in 2022, particularly among individuals aged 35-69 and school-age children. This rise in infections will drive the demand for molecular diagnostic solutions at the point of care.
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#What Are the Key Projections for the CAGR of the Point-Of-Care Molecular Diagnostics Market From 2025 to 2034?
The point-of-care molecular diagnostics market has grown rapidly in recent years. It will grow from $3.55 billion in 2024 to $4.01 billion in 2025, with a compound annual growth rate (CAGR) of 12.9%. This growth is driven by the increasing demand for rapid disease diagnosis, rising infectious disease outbreaks, the expansion of telemedicine, and the need for personalized and precision medicine.
The point-of-care molecular diagnostics market is expected to reach $7.02 billion by 2029 at a CAGR of 15.0%. Growth drivers include the miniaturization of diagnostic devices, the expansion of POC testing for cancer and genetic diseases, and the integration of AI for data analysis. Trends include lab-on-a-chip technologies, smartphone-based diagnostics, AI-driven predictive diagnostics, and CRISPR-based molecular testing.
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What Are the Key Market Innovations in thePoint-Of-Care Molecular Diagnostics Market Over the Coming Years?
Innovation in Android point-of-sale (PoS) terminals is a key trend in the point-of-sale terminals market, enhancing transaction efficiency and user experience. Android PoS terminals are electronic devices powered by the Android operating system to process sales transactions. In August 2023, BharatPe, an India-based fintech company, launched BharatPeSwipe Android, an Android PoS terminal that supports various payment methods such as debit/credit cards, UPI, mobile wallets, and QR codes. The terminal runs on Android 10 and features a long-lasting, fast-charging battery, allowing merchants to accept payments through dynamic QR codes and print physical receipts.
Who Are the Top Companies Driving Innovation and Growth in thePoint-Of-Care Molecular Diagnostics Market?
Major companies operating in the point-of-care molecular diagnostics market include Abbott Laboratories, F Hoffmann-La Roche Ltd., BioMérieux SA, Danaher Corporation, Quidel Corporation, BioMerieux SA, Bio-Rad Laboratories Inc., Sysmex Corporation, Illumina Inc., Myriad Genetics Inc., Siemens Healthcare GmbH, Almac Group, Biogenex Laboratories Inc., Cepheid Inc., Epic Sciences Inc., Foundation Medicine Inc., Genomic Health Inc., Grail Inc., Hologic Inc., HTG Molecular Diagnostics Inc., Inivata Ltd., Invivoscribe Inc., MolecularMD Corporation, Natera Inc., NeoGenomics Laboratories Inc., Personal Genome Diagnostics Inc., Prometheus Laboratories Inc., Ventana Medical Systems Inc., Vermillion Inc., Guardant Health Inc., Exact Sciences Corporation, Biocartis Group NV, ArcherDx Inc., Bio-Techne Corporation, AccuBiotech Co. Ltd., Becton, Dickinson and Company, Chembio Diagnostics Inc., Credo Diagnostics Biomedical Pvt. Ltd., EKF Diagnostics, GenePOC Inc.
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Which Key Market Segments Comprise the Point-Of-Care Molecular Diagnostics Market and Drive Its Revenue Growth?
The point-of-care molecular diagnostics market covered in this report is segmented –
1) By Product And Service: Assays And Kits, Instruments And Analyzers, Software And Services
2) By Technology: Reverse Transcription – Polymerase Chain Reaction (RT-PCR), In Situ Hybridization, Sequencing
3) By Application: Respiratory Diseases, Hospital Acquired Infections (HAIs), Cancer/Oncology, Hepatitis, Hematology
4) By End-User: Decentralized Labs, Hospitals, Home Care, Assisted Living Healthcare Facilities
Subsegments:
1) By Assays And Kits: Nucleic Acid Amplification Tests (NAATs), Rapid Diagnostic Tests, Molecular Detection Kits, Reagents And Consumables
2) By Instruments And Analyzers: PCR Machines, Microfluidic Devices, Sequencers, Point-of-Care Analyzers
3) By Software And Services: Data Management Software, Cloud-Based Solutions, Technical Support And Maintenance Services, Consultation And Training Services
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Which Regions Are Emerging as Leaders in the Point-Of-Care Molecular Diagnostics Market?
North America was the largest region in the point-of-care molecular diagnostics 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 molecular diagnostics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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