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 Diagnostics Market?

The point of care (POC) diagnostics market is being propelled forward by the rising incidence of both chronic and infectious diseases. Chronic conditions are typically characterized by being slow to progress and generally last beyond a period of 3 months. POC diagnostics has found extensive application due to its efficacy in the simple management of chronic diseases and high degree of convenience it provides. For example, in the year 2023, the Centers for Disease Control and Prevention (CDC) revealed that 42% of the American adult population were dealing with more than one chronic disease. This statistic is alarming and underscores the escalating predominance of multi-chronic diseases in adults. Thus, the amplifying prevalence of chronic conditions is stimulating the growth of the point of care (POC) diagnostics market.

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#What Are the Key Projections for the CAGR of the Point of Care Diagnostics Market From 2025 to 2034?

In the last few years, we have witnessed robust growth in the point of care diagnostics market size. The market is projected to expand from $48.06 billion in 2024 to reach $51.76 billion in 2025, which translates to a compound annual growth rate (CAGR) of 7.7%. The remarkable growth during the historical period can be traced back to the surge in chronic diseases, advancements in diagnostic accuracy, shift in healthcare setting, pressures on healthcare cost, and the rising consumer demand for convenience.

In the coming years, the market size for point of care diagnostics is projected to experience robust expansion, reaching $74.15 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%. This predicted growth during the projection period can be attributed to factors such as the need for remote healthcare, market growth in developing economies, personalized healthcare, emphasis on preventive healthcare, and investment in research and development. Key trends to watch for during this period include the growing prominence of personalized medicine, the miniaturization of technology, the integration of telemedicine, the introduction of novel biomarkers, and the empowerment of consumers.

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What Are the Key Market Innovations in thePoint of Care Diagnostics Market Over the Coming Years?

In the point of care (POC) diagnostics market, product innovations are quickly becoming a prevailing trend. Key players in this market are rolling out groundbreaking products to maintain their market share. A case in point is US-based diagnostics firm PocDoc’s January 2022 release of the PocDoc Cardiovascular Diseases point-of-care test. Consisting of five procedures involving sample collection, application to a lateral flow test kit, and immediate diagnosis via phone capture, this product stands out by being the first smartphone-based test worldwide for cardiovascular disease.

Who Are the Top Companies Driving Innovation and Growth in thePoint of Care Diagnostics Market?

Major companies operating in the point of care diagnostics market include Abbott Laboratories, Siemens Healthineers AG, Beckman Coulter Inc., Becton, Dickinson and Company, Instrumentation Laboratory Company, Nova Biomedical Corporation, Qiagen NV, F. Hoffmann-La Roche Ltd., Biomeriux SA, Quidel Corporation, Orasure Technologies Inc., Johnson and Johnson, Thermo Fisher Scientific Inc., Sysmex corporation, Sinocare Inc., Arkray Inc., Danaher Corporation, Chembio Diagnostics Inc., EKF Diagnostics Holdings plc, Trinity Biotech plc, Fluxergy Inc., LumiraDx UK Ltd., Meridian Bioscience Inc., Nipro Europe Group Companies, AccuBioTech Co. Ltd., Atlas Genetics Ltd., Atlas Link Biotech Co. Ltd., Biomeme Inc., Cepheid Inc., Church & Dwight Co. Inc.

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Which Key Market Segments Comprise the Point of Care Diagnostics Market and Drive Its Revenue Growth?

The point of care diagnostics market covered in this report is segmented –

1) By Product: Glucose Monitoring Kits, Infectious Diseases Testing Kits, Pregnancy And Fertility Testing Kits, Hematology Testing Kits, Cardiometabolic Monitoring Kits, Urinalysis Testing Kits, Cholesterol Test Strips, Other Products

2) By Mode Of Prescription: Prescription Based Devices, OTC (Over-The-Counter) Based Devices

3) By End User: Professional Diagnostic Centers, Research Laboratories, Home Care, Other End-Users

Subsegments:

1) By Glucose Monitoring Kits: Blood Glucose Meters, Test Strips

2) By Infectious Diseases Testing Kits: Rapid Antigen Tests, PCR Testing Kits, Serology Tests

3) By Pregnancy And Fertility Testing Kits: Home Pregnancy Tests, Ovulation Predictor Kits

4) By Hematology Testing Kits: Complete Blood Count (CBC) Test Kits, Coagulation Test Kits

5) By Cardiometabolic Monitoring Kits: Lipid Profile Test Kits, Blood Pressure Monitors

6) By Urinalysis Testing Kits: Dipstick Test Kits, Urine Culture Kits

7) By Cholesterol Test Strips: Home Cholesterol Testing Kits

8) By Other Products: Customizable Test Kits, Point Of Care Testing Platforms

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Which Regions Are Emerging as Leaders in the Point of Care Diagnostics Market?

North America was the largest region in the point of care diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the point of care diagnostics market report during the forecast period. The regions covered in the point of care diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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