Point of Care Test Market Key Players Analysis 2031
The Point of Care Test Market is expected to register a CAGR of 9.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Point-of-Care Test market report is segmented by application into Blood Glucose Testing, Infectious Diseases Testing, Cardiac Markers Testing, Coagulation Testing, Blood Gas and Electrolyte Testing, Pregnancy and Fertility Testing, and Tumor Markers Testing. The end-user segment includes Hospitals and Diagnostics Centers. The market evaluation is presented in US$ for the above segmental analysis. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Point of Care Test Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Point of Care Test Market Segmentation
Application- Blood Glucose Testing
- Infectious Diseases Testing
- Cardiac Markers Testing
- Coagulation Testing
- Blood Gas and Electrolyte Testing
- Pregnancy and Fertility Testing
- Tumor Markers Testing
- Hospitals
- Diagnostics Centers
Strategic Insights
Point of Care Test Market Growth Drivers- Decentralization Of Healthcare: The shift towards primary and home healthcare is increasing the demand for POC tests, as they are crucial for decentralized care.
- Prevalence Of Chronic Diseases: The rising incidence of chronic conditions such as diabetes, cardiovascular diseases, and infectious diseases is driving the demand for rapid and accurate diagnostic tools.
- Timely Diagnosis and Treatment: POC tests provide immediate results at the point of care, enabling quick diagnosis and timely initiation of treatment.
- Healthcare Efficiency: POC tests are emerging as a valuable tool for healthcare systems aiming to improve efficiency and patient outcomes globally.
- Technological Integration: The integration of advanced technologies such as artificial intelligence, machine learning, and IoT will revolutionize POC devices, enhancing data analysis, precision, and remote monitoring capabilities.
- Multiplex Testing: The development of multiplex testing platforms will allow for the detection of multiple analytes from a single sample, speeding up the diagnostic process.
- Personalized Medicine: The growing focus on personalized medicine is driving the demand for customized POC testing tailored to individual patient needs.
- Prevalence Of Chronic and Infectious Diseases: The increasing incidence of chronic and infectious diseases will further expand the POC testing market.
- Decentralized Healthcare and Personalized Medicine: The growing demand for decentralized healthcare and personalized medicine is fueling the development of user-friendly and customized POC tests.
- Healthcare System Efficiency: As healthcare systems globally aim for more efficiency and better outcomes, POC tests present significant opportunities to meet these needs.
- Market Growth Opportunities: Companies have the chance to capitalize on these trends, positioning themselves for large-scale growth and market leadership in the near future.
- Technological Integration: The integration of advanced technologies like AI, machine learning, and IoT into POC devices enhances efficiency, providing faster and more accurate results.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Point of Care Test Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Point of Care Test Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Point of Care Test Market is expected to grow at a CAGR of 9.4% between 2023-2031
The Point of Care Test market is driven by several factors, including the rising prevalence of chronic diseases, the need for rapid diagnosis and treatment, and the increasing demand for decentralized healthcare. The advancement of technology has made POC devices more advanced and user-friendly, thus enabling their use in a wider range of healthcare settings. The increasing geriatric population and the emphasis on personalized medicine further fuel the growth of this market.
The future for the Point of Care Test market is characterized by several such trends. Advanced technologies like AI and IoT are making products more sophisticated and connected, while multiplex testing continues to gain momentum, as such tests can detect multiple analytes simultaneously. The upsurge in personalized medicine pushes the development of tailored POC tests. This new frontier of digital health and remote monitoring will open doors for POC applications. In the coming years, the need for efficient and patient-centric care is going to catapult POC tests into greater prominence.
The leading players of the market are: Danaher Corporation, Abbott Laboratories, F. Hoffmann-La Roche Ltd, Alere, Lifescan Inc, Affymetrix Inc, BD, Agilent Technologies, BioMerieux S.A, Nova Biomedical
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Point Of Care Test Market - By Application
1.3.2 Point Of Care Test Market - By End Users
1.3.3 Point Of Care Test Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POINT OF CARE TEST MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. POINT OF CARE TEST MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POINT OF CARE TEST MARKET - GLOBAL MARKET ANALYSIS
6.1. POINT OF CARE TEST - GLOBAL MARKET OVERVIEW
6.2. POINT OF CARE TEST - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POINT OF CARE TEST MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. BLOOD GLUCOSE TESTING
7.3.1. Overview
7.3.2. Blood Glucose Testing Market Forecast and Analysis
7.4. INFECTIOUS DISEASES TESTING
7.4.1. Overview
7.4.2. Infectious Diseases Testing Market Forecast and Analysis
7.5. CARDIAC MARKERS TESTING
7.5.1. Overview
7.5.2. Cardiac Markers Testing Market Forecast and Analysis
7.6. COAGULATION TESTING
7.6.1. Overview
7.6.2. Coagulation Testing Market Forecast and Analysis
7.7. BLOOD GAS AND ELECTROLYTE TESTING
7.7.1. Overview
7.7.2. Blood Gas and Electrolyte Testing Market Forecast and Analysis
7.8. PREGNANCY AND FERTILITY TESTING
7.8.1. Overview
7.8.2. Pregnancy and Fertility Testing Market Forecast and Analysis
7.9. TUMOR MARKERS TESTING
7.9.1. Overview
7.9.2. Tumor Markers Testing Market Forecast and Analysis
7.10. OTHERS
7.10.1. Overview
7.10.2. Others Market Forecast and Analysis
8. POINT OF CARE TEST MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. DIAGNOSTICS CENTERS
8.4.1. Overview
8.4.2. Diagnostics Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. POINT OF CARE TEST MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Point Of Care Test Market Overview
9.1.2 North America Point Of Care Test Market Forecasts and Analysis
9.1.3 North America Point Of Care Test Market Forecasts and Analysis - By Application
9.1.4 North America Point Of Care Test Market Forecasts and Analysis - By End Users
9.1.5 North America Point Of Care Test Market Forecasts and Analysis - By Countries
9.1.5.1 United States Point Of Care Test Market
9.1.5.1.1 United States Point Of Care Test Market by Application
9.1.5.1.2 United States Point Of Care Test Market by End Users
9.1.5.2 Canada Point Of Care Test Market
9.1.5.2.1 Canada Point Of Care Test Market by Application
9.1.5.2.2 Canada Point Of Care Test Market by End Users
9.1.5.3 Mexico Point Of Care Test Market
9.1.5.3.1 Mexico Point Of Care Test Market by Application
9.1.5.3.2 Mexico Point Of Care Test Market by End Users
9.2. EUROPE
9.2.1 Europe Point Of Care Test Market Overview
9.2.2 Europe Point Of Care Test Market Forecasts and Analysis
9.2.3 Europe Point Of Care Test Market Forecasts and Analysis - By Application
9.2.4 Europe Point Of Care Test Market Forecasts and Analysis - By End Users
9.2.5 Europe Point Of Care Test Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Point Of Care Test Market
9.2.5.1.1 Germany Point Of Care Test Market by Application
9.2.5.1.2 Germany Point Of Care Test Market by End Users
9.2.5.2 France Point Of Care Test Market
9.2.5.2.1 France Point Of Care Test Market by Application
9.2.5.2.2 France Point Of Care Test Market by End Users
9.2.5.3 Italy Point Of Care Test Market
9.2.5.3.1 Italy Point Of Care Test Market by Application
9.2.5.3.2 Italy Point Of Care Test Market by End Users
9.2.5.4 Spain Point Of Care Test Market
9.2.5.4.1 Spain Point Of Care Test Market by Application
9.2.5.4.2 Spain Point Of Care Test Market by End Users
9.2.5.5 United Kingdom Point Of Care Test Market
9.2.5.5.1 United Kingdom Point Of Care Test Market by Application
9.2.5.5.2 United Kingdom Point Of Care Test Market by End Users
9.2.5.6 Rest of Europe Point Of Care Test Market
9.2.5.6.1 Rest of Europe Point Of Care Test Market by Application
9.2.5.6.2 Rest of Europe Point Of Care Test Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Point Of Care Test Market Overview
9.3.2 Asia-Pacific Point Of Care Test Market Forecasts and Analysis
9.3.3 Asia-Pacific Point Of Care Test Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Point Of Care Test Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Point Of Care Test Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Point Of Care Test Market
9.3.5.1.1 Australia Point Of Care Test Market by Application
9.3.5.1.2 Australia Point Of Care Test Market by End Users
9.3.5.2 China Point Of Care Test Market
9.3.5.2.1 China Point Of Care Test Market by Application
9.3.5.2.2 China Point Of Care Test Market by End Users
9.3.5.3 India Point Of Care Test Market
9.3.5.3.1 India Point Of Care Test Market by Application
9.3.5.3.2 India Point Of Care Test Market by End Users
9.3.5.4 Japan Point Of Care Test Market
9.3.5.4.1 Japan Point Of Care Test Market by Application
9.3.5.4.2 Japan Point Of Care Test Market by End Users
9.3.5.5 South Korea Point Of Care Test Market
9.3.5.5.1 South Korea Point Of Care Test Market by Application
9.3.5.5.2 South Korea Point Of Care Test Market by End Users
9.3.5.6 Rest of Asia-Pacific Point Of Care Test Market
9.3.5.6.1 Rest of Asia-Pacific Point Of Care Test Market by Application
9.3.5.6.2 Rest of Asia-Pacific Point Of Care Test Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Point Of Care Test Market Overview
9.4.2 Middle East and Africa Point Of Care Test Market Forecasts and Analysis
9.4.3 Middle East and Africa Point Of Care Test Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Point Of Care Test Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Point Of Care Test Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Point Of Care Test Market
9.4.5.1.1 South Africa Point Of Care Test Market by Application
9.4.5.1.2 South Africa Point Of Care Test Market by End Users
9.4.5.2 Saudi Arabia Point Of Care Test Market
9.4.5.2.1 Saudi Arabia Point Of Care Test Market by Application
9.4.5.2.2 Saudi Arabia Point Of Care Test Market by End Users
9.4.5.3 U.A.E Point Of Care Test Market
9.4.5.3.1 U.A.E Point Of Care Test Market by Application
9.4.5.3.2 U.A.E Point Of Care Test Market by End Users
9.4.5.4 Rest of Middle East and Africa Point Of Care Test Market
9.4.5.4.1 Rest of Middle East and Africa Point Of Care Test Market by Application
9.4.5.4.2 Rest of Middle East and Africa Point Of Care Test Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Point Of Care Test Market Overview
9.5.2 South and Central America Point Of Care Test Market Forecasts and Analysis
9.5.3 South and Central America Point Of Care Test Market Forecasts and Analysis - By Application
9.5.4 South and Central America Point Of Care Test Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Point Of Care Test Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Point Of Care Test Market
9.5.5.1.1 Brazil Point Of Care Test Market by Application
9.5.5.1.2 Brazil Point Of Care Test Market by End Users
9.5.5.2 Argentina Point Of Care Test Market
9.5.5.2.1 Argentina Point Of Care Test Market by Application
9.5.5.2.2 Argentina Point Of Care Test Market by End Users
9.5.5.3 Rest of South and Central America Point Of Care Test Market
9.5.5.3.1 Rest of South and Central America Point Of Care Test Market by Application
9.5.5.3.2 Rest of South and Central America Point Of Care Test Market by End Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POINT OF CARE TEST MARKET, KEY COMPANY PROFILES
11.1. ALERE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. F HOFFMANN LA ROCHE LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ABBOTT LABORATORIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LIFESCAN INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. AFFYMETRIX INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. AGILENT TECHNOLOGIES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DANAHER CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BIOMERIEUX S.A
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NOVA BIOMEDICAL.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Alere
2. F Hoffmann La Roche Ltd
3. Abbott Laboratories
4. Lifescan Inc
5. Affymetrix Inc
6. BD
7. Agilent Technologies
8. Danaher Corporation
9. BioMerieux S.A
10. Nova Biomedical.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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