Point-of-Care Diagnostics Market Trade Analysis and Statistical Forecast (2024-2031) | F. Hoffmann La-Roche Ltd., Abbott, Siemens Healthcare GmbH.

DataM Intelligence has released a new research report on the Point-of-Care Diagnostics market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Point-of-Care Diagnostics Market reached US$ 49.73 billion in 2023 and is expected to reach US$ 115.75 billion by 2031, growing at a CAGR of 11.5% during the forecast period 2024-2031.

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The point-of-care diagnostics (POC) market focuses on medical testing conducted at or near the site of patient care, providing rapid results for timely decision-making. This market includes devices and tests for various conditions, including infectious diseases, glucose monitoring, and cardiovascular assessments. The growth of the POC diagnostics market is driven by the increasing demand for decentralized healthcare, advancements in diagnostic technology, and the need for rapid and accurate testing, particularly in emergency and primary care settings. Additionally, rising consumer awareness and the growing trend toward home-based healthcare further enhance market expansion.

List of the Key Players in the Point-of-Care Diagnostics Market:

F. Hoffmann La-Roche Ltd., Abbott, Siemens Healthcare GmbH, Quidel Corporation, Cepheid, BD, Thermo Fisher Scientific, Biomerieux, Chembio Diagnostics, Inc., EKF diagnostics.

Market Dynamics:

The recall of point-of-care diagnostic devices is anticipated to hinder market growth. In October 2021, the U.S. Food and Drug Administration (FDA) issued a warning regarding certain batches of the Ellume COVID-19 Home Test, which were found to produce false positive results due to a manufacturing defect. As a result, Ellume voluntarily recalled specific quantities of its COVID-19 antigen test, which had received Emergency Use Authorization (EUA) in December 2020.

Approximately 200,000 test kits were recalled, accounting for around 5.6% of the 3.5 million test kits that Ellume had shipped to the U.S. In total, about 427,000 test kits were affected by this issue. Such recalls can undermine consumer confidence in point-of-care diagnostic devices and lead to increased scrutiny from regulatory agencies, potentially resulting in a slowdown in market growth during the forecast period.

Research Process:

Both primary and secondary data sources have been used in the global Point-of-Care Diagnostics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Point-of-Care Diagnostics Market:

By Product Type: Glucose Monitoring Products, Cardiometabolic Monitoring Products, Infectious Disease Testing Products, Coagulation Monitoring Products, Pregnancy and Fertility Testing Products, Tumor/Cancer Marker Testing Products, Drugs-of-Abuse Testing Products, Fecal Occult Testing Products, Others.

By Platform: Lateral Flow Assays,Immunoassays, Microfluidics, Dipsticks, Molecular Diagnostics, Others.

By Mode of Purchase: OTC Testing Products, Prescription-Based Testing Products.

By End User: Hospitals, Ambulatory surgical centers, Diagnostic Centers, Clinical Laboratories, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Point-of-Care Diagnostics market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Point-of-Care Diagnostics Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Point-of-Care Diagnostics market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Point-of-Care Diagnostics Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Point-of-Care Diagnostics market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Point-of-Care Diagnostics market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Point-of-Care Diagnostics market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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