Point of Care Diagnostics/Testing Market by Type, Application and Region – Global Market Analysis and Forecast by 2021 to 2027

Market Overview

The point of care diagnosis/testing is also known as bedside testing, near-patient testing, mobile testing, rapid diagnosis, and remote testing.  It is a health analysis that can be commenced near the patient without any laboratory setup.  Normally, some diseases require an immediate diagnosis.  In that case, point of care diagnosis/testing tools helps a lot. These tools prove to be helpful when the diagnosis is necessary and there is no appropriate infrastructure.  In short, point of care diagnosis/testing tools helps in diagnosing the diseases instantly and thereby helping in providing quick and timely treatment to the patients.

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The point of care diagnosis/testing tools works effectively on the combination of biosensors and artificial intelligence (real-time remote monitoring). The biosensors are found in the form of paper-based biosensors, and chip-based biosensors and can detect antigens, antibodies, nucleic acids, etc. from samples like blood, sputum, and saliva. Due to the artificial intelligence technology In POC testing, the accuracy and speed of testing are effective. The factors like convenience, portability, speed, and connectivity along with accurate result increase the demand for point of care diagnosis/testing tools and thereby increases the point of care diagnosis/testing market. Even chronic diseases like diabetes, hypertension, etc. require the services of point of care diagnosis/testing tools for diagnosis and hence pushes the market towards growth.

Market Segmentation

The point of care diagnosis/testing market can be segmented based on the product, end-user, platform, mode of purchase, and region.  According to the product category, the market can be subdivided into monitoring – cardiometabolic, glucose, coagulation, testing-Infectious disease, pregnancy and fertility, cancer/tumor marker, hematology, urinalysis, cholesterol, and drugs of abuse.  According to the end-user category, the market is divided into hospitals, clinics, diagnostic centers, and home care.  According to the mode of purchase, the market is divided into prescription-based and OTC. Immunoassays, dipsticks, and molecular diagnostics are the segments that come under the platform category. According to the regional category, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

Regional Classification

According to the regional category, North America is dominating the market followed by the Asia-Pacific. According to the products category, glucose monitoring is contributing maximum to the market growth. According to the mode of purchase category, the OTC is contributing to the market growth while all the segments of the platform category have their share of contribution to market growth.

Industry News

The global analysis of the point of care diagnosis/testing market states that the market Is expected to reach 36,740.3 million US Dollars at an 11.6% CAGR by the end of 2027.  Though the market is progressing because of the increase in the demand for the point of care diagnosis/testing tools by chronic patients, certain strict regulation policies made by the respective government hampers the market.  The cost of the testing also hampers the market.   A focus on finding solutions concerning cost reduction will always show a positive effect on market growth.  Sometimes, a lack of knowledge regarding the utility of testing tools also hampers the market.  Appropriate awareness has to be created in the public regarding the testing tools.

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