Point of Care (POC) Diagnostics Market size to grow by USD 14.65 billion between 2022 to 2027 | Comprehensive Analysis on Market Drivers, Trends, and Challenges by Technavio
The Point of Care (POC) Diagnostics Market is expected to grow by USD 14.65 billion between 2022 and 2027, showcasing an accelerated Compound Annual Growth Rate (CAGR) of 10.65% during this forecast period.
New York, Dec. 11, 2023 (GLOBE NEWSWIRE) — The
What are the significant segments and their growth prospects within the Point of Care Diagnostics Market?
The market segments include product categories like hematology diagnostics, infectious disease diagnostics, rapid cardiovascular diagnostics, rapid coagulation diagnostics, and others. Among these, the hematology diagnostics segment is expected to exhibit significant growth due to the high incidence of diseases such as thalassemia and anemia.
Which regions are anticipated to make substantial contributions to the growth of the Point of Care Diagnostics Market?
North America is projected to contribute around 40% to the global market growth. Factors such as the rising prevalence of chronic diseases, increased healthcare costs, and the presence of well-established vendors are driving market growth in this region. The rise in COVID-19 cases also escalated the production and demand for POC diagnostic products in North America.
Which are the major companies in the Point of Care Diagnostics Market?
Several key companies operate in the Point of Care Diagnostics Market, employing strategies like alliances, partnerships, acquisitions, geographical expansion, and product/service launches to enhance their market presence. Some of the major vendors include Abbott Laboratories, Becton Dickinson and Co., Danaher Corp., F. Hoffmann La Roche Ltd., Johnson and Johnson Services Inc., Siemens AG, and more. Buy the report
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