Description:
Explore the comprehensive analysis of the POC testing market, its growth prospects, and the key players driving innovation in this essential segment of the healthcare industry in Kalorama Information’s report, The Worldwide Market for Point-of-Care (POC) Diagnostic Tests, 8th Edition.
By the middle of the decade, the global point-of-care (POC) testing market is expected to reach an impressive $45 billion annually. This growth is not unexpected, considering the substantial investments made globally in both professional and self-administered POC diagnostic testing. In 2020, sales of POC testing reached $29 billion, with the COVID-19 pandemic significantly influencing this market with a surge in new tests.
Impact of COVID-19: The pandemic caused disruptions in certain segments due to lockdowns, reduced physician visits, and a decline in elective and outpatient surgeries. However, the POC market is anticipated to resume its pre-pandemic growth trajectory across all segments. Certain areas are expected to see substantial advancements from 2021-2025, culminating in a global market size of nearly $45 billion by 2025, with an 8.9% growth rate over the forecast period from 2020 to 2025.
Market Breakdown:
- Global POC Test Market (2020-2025)
- POC Testing Market by Product Category (2020):
- Self-Testing
- Professional Testing
- Total
- POC Self-Testing Market by Product Category (2020):
- Glucose (including CGM)
- Pregnancy & Fertility
- Fecal Occult Blood
- Rapid Coagulation
- Drugs of Abuse
- Urine
- Infectious Disease
- Lipid
- Total
- POC Professional Testing Market by Product Subcategory (2020):
- Drugs of Abuse
- Glucose (includes HbA1c)
- Blood & Electrolytes
- Infectious Disease
- Rapid Coagulation
- Fecal Occult Blood
- Cardiac Markers
- Lipid
- Pregnancy & Fertility
- Miscellaneous
- Urine
- Cancer Tumor Markers
- Total
End-User Analysis (2020):
- Hospitals
- Others
Technology and Regional Analysis:
- By Technology (2020):
- LFA
- Biosensors
- Analyzers
- Strips
- Regional Breakdown (2020):
- United States
- Europe
- Japan
- ROW
- European Region Analysis (2020):
- W. Europe
- E. Europe
- Total
- Rest of World Analysis (2020):
- Latin America and Mexico
- China
- Australia
- South Korea
- India
- Other
Segment Size and Growth: POC test devices have driven substantial growth in the diagnostics market over the past decade. The pursuit of CLIA waiver status and CE Mark for POC devices has been pivotal. Advances in technology are enabling POC devices to deliver lab-quality results, which can be seamlessly integrated into information systems and electronic medical records, enhancing patient care.
Detailed Market Segments:
- Global POC Glucose Testing Market (2020-2025)
- Global POC Blood and Electrolytes Testing Market (2020-2025)
- Global Rapid Coagulation Testing Market (2020-2025)
- Total Rapid Cardiac Markers Tests Market (2020-2025)
- Global POC Drugs of Abuse Testing Market (2020-2025)
- Global POC Pregnancy and Fertility Testing Market (2020-2025)
- Global POC Colon Cancer Screening/Fecal Occult Blood Testing Market (2020-2025)
- Global POC Infectious Disease Testing Market (2020-2025)
- Global POC Lipid Testing Market (2020-2025)
- Global POC Cancer Testing Market (2020-2025)
- Global POC Urine Testing Market (2020-2025)
- Global Miscellaneous POC Testing Market (2020-2025)
Emerging Trends and Future Outlook: Wearable devices integrating POC testing are becoming increasingly popular, streaming health data directly into clinical data repositories and electronic health records (EHR). However, cost pressures and regulatory changes may impact the market trajectory, particularly in Europe and the United States.
POC Testing Applications:
- Hospitals
- Physicians’ offices
- Hospital clinics
- Rural health clinics
- Student health clinics
- Retail clinics
- Pharmacies
- Homes
- Nursing homes
- Prisons
Corporate Profiles: The report also includes profiles of leading and innovative competitors in the POC testing market, offering insights into their strategies and product offerings.
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Sample Report: A sample is available as a PDF upon request.
