How Is The Point-of-Care Diagnostics Devices And Equipment Market Segmented?
The point-of-care diagnostics devices and equipment market covered in this report is segmented –
1) By Type: Infectious disease testing kits, Cardio metabolic monitoring kits,, Cholesterol testing kits, Pregnancy and fertility tests kits, Tumor Or cancer markers, Urinalysis testing kits, Hematology testing kits, Drugs of abuse testing kits, Fecal occult testing kits, Other Types
2) By Prescription Mode: Prescription-based Testing Devices, Over-The-Counter (OTC) Testing Devices
3) By End User: Professional diagnostic centers, Hospitals/critical care centers, Outpatient healthcare Setting, Ambulatory care settings, Research laboratories, Home
Subsegments:
1) By Infectious Disease Testing Kits: HIV Testing Kits, Hepatitis Testing Kits, Malaria Testing Kits, Influenza Testing Kits, COVID-19 Testing Kits, Other Infectious Disease Testing Kits
2) By Cardio Metabolic Monitoring Kits: Blood Glucose Testing Kits, Blood Pressure Monitoring Kits, Lipid Testing Kits, Other Cardio Metabolic Monitoring Kits
3) By Cholesterol Testing Kits: Total Cholesterol Testing Kits, HDL Cholesterol Testing Kits, LDL Cholesterol Testing Kits, Triglyceride Testing Kits
4) By Pregnancy and Fertility Test Kits: pregnancy test kits, Ovulation Test Kits, Fertility Monitoring Kits
5) By Tumor Or Cancer Markers: Prostate-Specific Antigen (PSA) Test Kits, Human Epidermal Growth Factor Receptor 2 (HER2) Test Kits, CA-125 Test Kits, Alpha-Fetoprotein (AFP) Test Kits, Other Cancer Marker Test Kits
6) By Urinalysis Testing Kits: Protein Testing Kits, Glucose Testing Kits, pH Testing Kits, Specific Gravity Testing Kits, Nitrite Testing Kits, Other Urinalysis Testing Kits
7) By Hematology Testing Kits: Complete Blood Count (CBC) Kits, Hemoglobin Testing Kits, Hematocrit Testing Kits, Platelet Count Kits, Other Hematology Testing Kits
8) By Drugs of Abuse Testing Kits: Marijuana Testing Kits, Cocaine Testing Kits, Opioid Testing Kits, Amphetamine Testing Kits, Other Drugs of Abuse Testing Kits
9) By Fecal Occult Testing Kits: Stool Blood Test Kits, Occult Blood Screening Kits, Other Fecal Occult Testing Kits
10) By Other Types: Glucose Monitoring Kits, Temperature Monitoring Kits, Oxygen Saturation Monitoring Kits, Other Specialty Point-of-Care Kits
What Is Driving The Point-of-Care Diagnostics Devices And Equipment Market? Rising Incidence Of Chronic Diseases Fueling Global Growth In Poc Devices And Equipment Market
An increase in the incidence of target diseases is driving the POC devices and equipment market globally. The rising incidence of chronic diseases, like diabetes, rheumatism, or cancer is increasing steadily worldwide due to poor lifestyle choices and increasing obesity, thus driving the growth of the POC devices and equipment market. For instance, in March 2022, according to the IDF Diabetes Atlas, a Belgium-based global resource providing comprehensive data and insights on diabetes prevalence, treatment, and care worldwide. The global prevalence of diabetes is projected to increase from 643 million in 2030 to 783 million by 2045, an addition of 140 million cases. Currently, 537 million adults live with diabetes, with over 75% in low- and middle-income countries.
What Is Driving The Point-of-Care Diagnostics Devices And Equipment Market? Increasing Adoption Of Mobile Health Technologies Boost The Point-Of-Care Diagnostics Devices Market
The increasing adoption of mobile health technologies is expected to propel the growth of the point-of-care diagnostics devices market going forward. Mobile health refers to the use of mobile devices, such as smartphones and tablets, as well as other wireless technology such as wearable devices, for the delivery of healthcare services, information, and monitoring of health-related data. Point-of-care diagnostics (POC) devices play a crucial role in mobile health (mHealth) by enabling rapid and convenient testing and data collection at or near the patient's location. These devices are designed to provide immediate results for various medical tests and are often integrated with mobile apps or connected to smartphones for data management and transmission. For instance, in February 2023, according to the 2022 Survey by Rock Health, a US –based health advisory company, 80% of the respondents indicated that they had utilized telemedicine for healthcare at some point in their lives. This marked an increase of 8 percentage points from the 72% reported. In 2022, Telemedicine Grew, especially among Underserved Populations. Therefore, the increasing adoption of mobile health technologies driving the growth of the point-of-care diagnostics devices market.
Who Are The Major Players In The Global Point-of-Care Diagnostics Devices And Equipment Market?
Major companies operating in the point-of-care diagnostics devices and equipment market include Abbott Laboratories, F. Hoffmann-La Roche AG, Siemens Healthineers, Danaher, Beckman Coulter, Becton Dickinson and Company, Qiagen N.V., Johnson & Johnson, Alere, BioMerieux, Chembio Diagnostic Systems, Quidel Corporation, EKF Diagnostics, Trinity Biotech Plc, OraSure Technologies, Sysmex Corporation, Radiometer Medical ApS, Response Biomedical Corporation, Bio-Rad Laboratories, Illumina, Thermo Fisher Scientific Inc., LabCorp, Luminex Corporation, LifeScan, Nova, Sekisui Diagnostics, Hemocue AB, Akers Biosciences, 3D Systems Healthcare, Artec 3D, Canon Medical Systems Corporation, Carestream Health, ContextVision, CurveBeam, EchoPixel, EOS Imaging, Esaote, GE Healthcare, Hitachi Healthcare, Hologic, Intrasense, KaVo Kerr, Konica Minolta Healthcare, Materialise, Mobius Imaging, Neusoft Medical Systems, Orfit Industries, Philips Healthcare, Pie Medical Imaging, Planmed Oy, Sectra, Shenzhen Mindray Bio-Medical Electronics, Shimadzu Corporation, Varian Medical Systems, Ziehm Imaging GmbH
What Are The Key Trends Of The Global Point-of-Care Diagnostics Devices And Equipment Market? FDA-Approved OTC Testing Emerges As Key Driver For Point-Of-Care Diagnostics Market Growth
Over-the-counter (OTC) testing is being termed as an important trend driving the growth of the point-of-care diagnostics market. FDA has approved OTC test kits for cholesterol, fecal occult blood, pregnancy, and HIV/HCV. This method would improve the access to testing and early detection of the disease. These testing kits may generate more revenue than prescription tests over the forecast period due to ease of using the kits, increased home care and self-testing, and a rise in availability and adoption rate.
What Are The Key Trends Of The Global Point-of-Care Diagnostics Devices And Equipment Market? Innovative Point-Of-Care Diagnostic Device Cippoint Revolutionizes Healthcare Accessibility
Major companies operating in the point-of-care diagnostic devices and equipment market are developing innovative products such as Cippoint to improve access to healthcare and reduce the time to diagnosis. Cippoint is a point-of-care testing device for multiple health conditions. It is a state-of-the-art device that offers a wide range of testing parameters, including cardiac markers, diabetes, infectious diseases, fertility, thyroid function, inflammation, metabolic markers, and coagulation markers. For instance, in January 2023, Cipla Limited, an India-based pharmaceutical company, launched a point-of-care testing device for multiple health conditions called Cippoint. It is a state-of-the-art device that offers a wide range of testing parameters. Cippoint is an immunofluorescence-based quantitative analyzer that allows healthcare professionals to get test results in 3 to 15 minutes. This makes it possible to make clinical decisions more quickly and efficiently. Moreover, it is easy to use and can be used in a variety of settings, including hospitals, clinics, and mobile vans.
Regional Outlook For The Global Point-of-Care Diagnostics Devices And Equipment Market
North America was the largest region in the point-of-care diagnostic devices and equipment market in 2024. Asia-Pacific was the second-largest region in the global point-of-care diagnostics devices and equipment market. The regions covered in the point-of-care diagnostics devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the point-of-care diagnostics devices and equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Point-of-Care Diagnostics Devices And Equipment Market?
The point-of-care diagnostics market consists of sales of instruments such as pregnancy and fertility testing kits, cholesterol test strips, drug abuse testing kits, and others that are used in point-of-care diagnostics. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Point-of-Care Diagnostics Devices And Equipment Industry?
The point-of-care diagnostics devices and equipment market research report is one of a series of new reports from The Business Research Company that provides point-of-care diagnostics devices and equipment market statistics, including point-of-care diagnostics devices and equipment industry global market size, regional shares, competitors with a point-of-care diagnostics devices and equipment market share, detailed point-of-care diagnostics devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the point-of-care diagnostics devices and equipment industry. This point-of-care diagnostics devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
