The global Point of Care (PoC) Diagnostics Market size was valued at USD 39.28 billion in 2021, and is projected to grow at a CAGR of 10.5% during the forecast period. The primary drivers of revenue growth in the Point of Care market include the increasing prevalence of infectious and chronic diseases caused by dangerous microbes posing a threat to public health and the economy, rising awareness of PoC diagnostics products, and the use of home-based PoC devices.

PoCT, which allows for the diagnosis of infectious diseases in a wide range of settings including those without skilled technical staff or suitable laboratory equipment, is an effective diagnostic tool that provides accurate and timely recommendations for case identification, transmission interruption, and appropriate treatment delivery.

Get a free sample PDF of the report, visit @

https://www.reportsanddata.com/download-free-sample/1507

Advancements in biosensors, bioanalytical platforms, microfluidic, lab-on-a-chip technologies, assay formats, and related technologies have resulted in various improvements in Point of Care Diagnostics (PoCD) in recent years, leading to more precise, convenient, and cost-effective devices.

The growth of PoCT is expected to continue, owing to improvement in healthcare delivery aimed at providing cost-effective treatments closer to patient's home. However, stringent regulatory policies could have a negative impact on revenue growth, as PoCTs are subjected to strict regulatory inspections.

Recent trends in the market include the development of less intrusive and more continuous testing, proliferation of miniaturized technologies, and applications of telemedicine for remote monitoring. Smartphone-based imaging and sensing technologies are gaining traction as viable alternatives to complicated diagnostic procedures, owing to their portability, cost-effectiveness, and connection that provide numerous options for PoCT integration.

The global PoC diagnostics market has a moderately consolidated competitive landscape, with a small number of key players operating at both global and regional levels. These players are focused on developing new platforms and forming strategic alliances in order to expand their product portfolios and establish a strong presence in the global market.

To know more about the latest insights of the report, visit @

https://www.reportsanddata.com/request-latest-insight/1507

Some of the major companies in this market include F. Hoffman La-Roche Ltd., Abbott, Siemens Healthcare GmbH, Quidel Corporation, Danaher, BD, Thermo Fisher Scientific, Biomerieux, Chembio Diagnostics, Inc., and EKF diagnostics.

The increasing incidences of infectious diseases is expected to drive market revenue growth, as rapid testing for influenza A and B enables for timely and accurate treatment, and testing for blood creatinine, serum electrolytes, Thyroid-Stimulating Hormone (TSH), International Normalized Ratio (INR), and other labs can help pharmacists and patients to better manage their medications and minimize adverse drug reactions. However, the stringent regulatory approval policy of PoC devices is a key factor that may restrain market revenue growth, as PoC tests are usually evaluated in the same way laboratory-based tests are.

COVID-19 has had a significant impact on the market during the first wave, highlighting the necessity of PoCD development for pandemic prevention and control. The demand for PoCTs for COVID-19 testing is expected to grow rapidly, contributing to market growth in the coming years.

Request customization of the report @

https://www.reportsanddata.com/request-customization-form/1507

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Browse for more reports…

https://www.reportsanddata.com/report-detail/drug-delivery-devices-market

https://www.reportsanddata.com/report-detail/long-term-care-services-market