Product Code: 978-1-68038-886-2
Point-of-Care Molecular Diagnostics Market Growth & Trends:
The global point-of-care molecular diagnostics market size is expected to reach USD 10.12 billion by 2030, registering a CAGR of 2.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of infectious diseases such as COVID-19, HIV, HBC, HCV, along with growing geriatric population is predicted to fuel the need for POC molecular diagnostics tests. Furthermore, rapid and accurate results offered by these POC tests act as a major factor for such growing acceptance across geographies. Moreover, rising emphasis for home care and assisted care facilities across emerging economies is also predicted boost POC molecular diagnostics market growth during the forecast years.
Global geriatric population is increasing, which is expected to boost the demand for POC molecular diagnostics. Estimates published by the WHO suggest that the global population of age group 65 years and above is expected to increase from 7% in 2000 to 16% in 2050. Aging elevates the risk of diseases such as cardiovascular and cancer. Therefore, increase in global geriatric population is expected to raise the demand for continuous monitoring via facilities requiring POC MDx, such as home healthcare and assisted living healthcare facilities. Japan and China are two of the most affected Asian countries, and a significant increase in Japan's geriatric population is anticipated. Currently, more than 20% of the country's population is over the age of 65 years.
Increasing prevalence of cancer across countries has resulted in a continuous demand for point-of-care molecular diagnostic tests within hospitals. According to the National Center for Chronic Disease Prevention and Health Promotion, the annual cancer cases are likely to grow from 1.53 million in 2015 to 2.28 million by 2050. CDC has predicted incidence is likely to increase by 50% owing to increasing population within the U.S. Furthermore, emergence of CRISPR and NGS techniques for cancer detection has improved the diagnosis rates tremendously. With increasing affordability of NGS in past decade has also benefited the POC molecular diagnostics market for oncology. Such factors are likely to drive the global market.
Major companies active in the POC molecular diagnostics market include Danaher, BioMerieux, Bio-Rad Laboratories, Inc., Abbott, F. Hoffmann-La Roche AG, BD, and many more. Large number of pilot programs being initiated are likely to bring new products in the market. For instance, in march 2022, Intermountain Healthcare announced that they will be rolling out a Galleri Multi-Cancer Early Detection Test for 50 of their employees as a pilot plan, with this the company is expecting to launch new product in order to improve their market position.
Point-of-Care Molecular Diagnostics Market Report Highlights:
- By technology, the PCR-based segment held a larger share of the point-of-care molecular diagnostics market owing to increasing demand for RT-PCR tests for diagnosis of COVID-19 and other infectious diseases
- The POC test location segment is expected to grow lucratively over the forecast period due to rising demand from hospitals, clinics and ambulatory centers opting for rapid POC tests
- North America dominated the global market in 2023, owing to increasing demand for new technologies, a large pool of key players, rising prevalence of cancer, infectious diseases, and advanced healthcare infrastructure
- The Asia Pacific is expected to grow considerably in the future owing to due to the growing healthcare infrastructure and rising awareness of cancer testing within the region
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation
- 1.1.1. Market Definitions
- 1.2. Objectives
- 1.2.1. Objective - 1
- 1.2.2. Objective - 2
- 1.2.3. Objective - 3
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. Gvr's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.5. Information Or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity Flow Analysis
- 1.8. List of Secondary Sources
- 1.9. List of Abbreviations
- 1.10. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Segmentation and Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Dynamics
- 3.4. Market Drivers
- 3.5. Market Restraint Analysis
- 3.6. Business Environment Analysis
- 3.6.1. SWOT Analysis; By Factor (Political & Legal, Economic And Technological)
- 3.6.2. Porter's Five Forces Analysis
- 3.6.3. COVID-19 Impact Analysis
Chapter 4. Technology Business Analysis
- 4.1. Point-of-Care Molecular Diagnostics market: Technology Movement Analysis
- 4.2. PCR-based
- 4.2.1. PCR-based Market, 2018 - 2030 (USD Million)
- 4.3. Genetic Sequencing-based
- 4.3.1. Genetic Sequencing-based Market, 2018 - 2030 (USD Million)
- 4.4. Hybridization-based
- 4.4.1. Hybridization-based Market, 2018 - 2030 (USD Million)
- 4.5. Microarray-based
- 4.5.1. Microarray-based Market, 2018 - 2030 (USD Million)
Chapter 5. Application Business Analysis
- 5.1. Point-of-Care Molecular Diagnostics Market: Application Movement Analysis
- 5.2. Infectious Diseases
- 5.2.1. Infectious Diseases Market, 2018 - 2030 (USD Million)
- 5.2.2. HIV POC
- 5.2.2.1. HIV POC Market, 2018 - 2030 (USD Million)
- 5.2.3. Clostridium difficile POC
- 5.2.3.1. Clostridium difficile POC Market, 2018 - 2030 (USD Million)
- 5.2.4. HBV POC
- 5.2.4.1. HBV POC Market, 2018 - 2030 (USD Million)
- 5.2.5. Pneumonia or Streptococcus associated infections
- 5.2.5.1. Pneumonia or Streptococcus associated infections Market, 2018 - 2030 (USD Million)
- 5.2.6. Respiratory Syncytial Virus (RSV) POC
- 5.2.6.1. Respiratory Syncytial Virus (RSV) POC Market, 2018 - 2030 (USD Million)
- 5.2.7. HPV POC
- 5.2.7.1. HPV POC Market, 2018 - 2030 (USD Million)
- 5.2.8. Influenza/Flu POC
- 5.2.8.1. Influenza/Flu POC Market, 2018 - 2030 (USD Million)
- 5.2.9. HCV POC
- 5.2.9.1. HCV POC Market, 2018 - 2030 (USD Million)
- 5.2.10. MRSA POC
- 5.2.10.1. MRSA POC Market, 2018 - 2030 (USD Million)
- 5.2.11. TB and drug-resistant TB POC
- 5.2.11.1. TB and drug-resistant TB POC Market, 2018 - 2030 (USD Million)
- 5.2.12. HSV POC
- 5.2.12.1. HSV POC Market, 2018 - 2030 (USD Million)
- 5.2.13. Other Infectious Diseases
- 5.2.13.1. Other Infectious Diseases Market, 2018 - 2030 (USD Million)
- 5.3. Oncology
- 5.3.1. Oncology Market, 2018 - 2030 (USD Million)
- 5.4. Hematology
- 5.4.1. Hematology Market, 2018 - 2030 (USD Million)
- 5.5. Prenatal Testing
- 5.5.1. Prenatal Testing Market, 2018 - 2030 (USD Million)
- 5.6. Endocrinology
- 5.6.1. Endocrinology Market, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market, 2018 - 2030 (USD Million)
Chapter 6. Test Location Business Analysis
- 6.1. Point-of-Care Molecular Diagnostics Market: Test Location Movement Analysis
- 6.2. OTC
- 6.2.1. OTC Market, 2018 - 2030 (USD Million)
- 6.3. POC
- 6.3.1. POC Market, 2018 - 2030 (USD Million)
Chapter 7. End-use Business Analysis
- 7.1. Point-of-Care Molecular Diagnostics Market: End-Use Movement Analysis
- 7.2. Decentralized Labs
- 7.2.1. Decentralized Labs Market, 2018 - 2030 (USD Million)
- 7.3. Hospitals
- 7.3.1. Hospitals Market, 2018 - 2030 (USD Million)
- 7.4. Home-care
- 7.4.1. Home-care Market, 2018 - 2030 (USD Million)
- 7.5. Assisted Living Healthcare Facilities
- 7.5.1. Assisted Living Healthcare Facilities Market, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Others Market, 2018 - 2030 (USD Million)
Chapter 8. Regional Business Analysis
- 8.1. Point-of-Care Molecular Diagnostics Market Share By Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. Key Country Dynamics
- 8.2.2.2. Target Disease Prevalence
- 8.2.2.3. Competitive Scenario
- 8.2.2.4. Regulatory Framework
- 8.2.2.5. Reimbursement Scenario
- 8.2.2.6. U.S. Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD MILLION)
- 8.2.3. Canada
- 8.2.3.1. Key Country Dynamics
- 8.2.3.2. Target Disease Prevalence
- 8.2.3.3. Competitive Scenario
- 8.2.3.4. Regulatory Framework
- 8.2.3.5. Reimbursement Scenario
- 8.2.3.6. Canada Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Key Country Dynamics
- 8.3.2.2. Target Disease Prevalence
- 8.3.2.3. Competitive Scenario
- 8.3.2.4. Regulatory Framework
- 8.3.2.5. Reimbursement Scenario
- 8.3.2.6. Germany Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.3. UK
- 8.3.3.1. Key Country Dynamics
- 8.3.3.2. Target Disease Prevalence
- 8.3.3.3. Competitive Scenario
- 8.3.3.4. Regulatory Framework
- 8.3.3.5. Reimbursement Scenario
- 8.3.3.6. UK Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. Key Country Dynamics
- 8.3.4.2. Target Disease Prevalence
- 8.3.4.3. Competitive Scenario
- 8.3.4.4. Regulatory Framework
- 8.3.4.5. Reimbursement Scenario
- 8.3.4.6. France Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Key Country Dynamics
- 8.3.5.2. Target Disease Prevalence
- 8.3.5.3. Competitive Scenario
- 8.3.5.4. Regulatory Framework
- 8.3.5.5. Reimbursement Scenario
- 8.3.5.6. Italy Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.6. Spain
- 8.3.6.1. Key Country Dynamics
- 8.3.6.2. Target Disease Prevalence
- 8.3.6.3. Competitive Scenario
- 8.3.6.4. Regulatory Framework
- 8.3.6.5. Reimbursement Scenario
- 8.3.6.6. Spain Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.7. Denmark
- 8.3.7.1. Key Country Dynamics
- 8.3.7.2. Target Disease Prevalence
- 8.3.7.3. Competitive Scenario
- 8.3.7.4. Regulatory Framework
- 8.3.7.5. Reimbursement Scenario
- 8.3.7.6. Denmark Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.8. Sweden
- 8.3.8.1. Key Country Dynamics
- 8.3.8.2. Target Disease Prevalence
- 8.3.8.3. Competitive Scenario
- 8.3.8.4. Regulatory Framework
- 8.3.8.5. Reimbursement Scenario
- 8.3.8.6. Sweden Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.3.9. Norway
- 8.3.9.1. Key Country Dynamics
- 8.3.9.2. Target Disease Prevalence
- 8.3.9.3. Competitive Scenario
- 8.3.9.4. Regulatory Framework
- 8.3.9.5. Reimbursement Scenario
- 8.3.9.6. Norway Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.2.1. Key Country Dynamics
- 8.4.2.2. Target Disease Prevalence
- 8.4.2.3. Competitive Scenario
- 8.4.2.4. Regulatory Framework
- 8.4.2.5. Reimbursement Scenario
- 8.4.2.6. Japan Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4.3. China
- 8.4.3.1. Key Country Dynamics
- 8.4.3.2. Target Disease Prevalence
- 8.4.3.3. Competitive Scenario
- 8.4.3.4. Regulatory Framework
- 8.4.3.5. Reimbursement Scenario
- 8.4.3.6. China Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. Key Country Dynamics
- 8.4.4.2. Target Disease Prevalence
- 8.4.4.3. Competitive Scenario
- 8.4.4.4. Regulatory Framework
- 8.4.4.5. Reimbursement Scenario
- 8.4.4.6. India Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. Key Country Dynamics
- 8.4.5.2. Target Disease Prevalence
- 8.4.5.3. Competitive Scenario
- 8.4.5.4. Regulatory Framework
- 8.4.5.5. Reimbursement Scenario
- 8.4.5.6. South Korea Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Key Country Dynamics
- 8.4.6.2. Target Disease Prevalence
- 8.4.6.3. Competitive Scenario
- 8.4.6.4. Regulatory Framework
- 8.4.6.5. Reimbursement Scenario
- 8.4.6.6. Australia Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.4.7. Thailand
- 8.4.7.1. Key Country Dynamics
- 8.4.7.2. Target Disease Prevalence
- 8.4.7.3. Competitive Scenario
- 8.4.7.4. Regulatory Framework
- 8.4.7.5. Reimbursement Scenario
- 8.4.7.6. Thailand Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Target Disease Prevalence
- 8.5.2.3. Competitive Scenario
- 8.5.2.4. Regulatory Framework
- 8.5.2.5. Reimbursement Scenario
- 8.5.2.6. Brazil Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Target Disease Prevalence
- 8.5.3.3. Competitive Scenario
- 8.5.3.4. Regulatory Framework
- 8.5.3.5. Reimbursement Scenario
- 8.5.3.6. Mexico Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.5.4. Argentina
- 8.5.4.1. Key Country Dynamics
- 8.5.4.2. Target Disease Prevalence
- 8.5.4.3. Competitive Scenario
- 8.5.4.4. Regulatory Framework
- 8.5.4.5. Reimbursement Scenario
- 8.5.4.6. Argentina Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.6. MEA
- 8.6.1. MEA Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. Target Disease Prevalence
- 8.6.2.3. Competitive Scenario
- 8.6.2.4. Regulatory Framework
- 8.6.2.5. Reimbursement Scenario
- 8.6.2.6. South Africa Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Target Disease Prevalence
- 8.6.3.3. Competitive Scenario
- 8.6.3.4. Regulatory Framework
- 8.6.3.5. Reimbursement Scenario
- 8.6.3.6. Saudi Arabia Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. Target Disease Prevalence
- 8.6.4.3. Competitive Scenario
- 8.6.4.4. Regulatory Framework
- 8.6.4.5. Reimbursement Scenario
- 8.6.4.6. UAE Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
- 8.6.5. Kuwait
- 8.6.5.1. Key Country Dynamics
- 8.6.5.2. Target Disease Prevalence
- 8.6.5.3. Competitive Scenario
- 8.6.5.4. Regulatory Framework
- 8.6.5.5. Reimbursement Scenario
- 8.6.5.6. Kuwait Point-of-Care Molecular Diagnostics market, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Participant's overview
- 9.2. Financial performance
- 9.3. Participant categorization
- 9.3.1. Market Leaders
- 9.3.2. Point-of-Care Molecular Diagnostics market Share Analysis, 2023
- 9.3.3. Company Profiles
- 9.3.3.1. Abbott
- 9.3.3.1.1. Company Overview
- 9.3.3.1.2. Financial Performance
- 9.3.3.1.3. Product Benchmarking
- 9.3.3.1.4. Strategic Initiatives
- 9.3.3.2. Bayer AG
- 9.3.3.2.1. Company Overview
- 9.3.3.2.2. Financial Performance
- 9.3.3.2.3. Product Benchmarking
- 9.3.3.2.4. Strategic Initiatives
- 9.3.3.3. F. Hoffmann-La Roche AG
- 9.3.3.3.1. Company Overview
- 9.3.3.3.2. Financial Performance
- 9.3.3.3.3. Product Benchmarking
- 9.3.3.3.4. Strategic Initiatives
- 9.3.3.4. Nova Biomedical
- 9.3.3.4.1. Company Overview
- 9.3.3.4.2. Financial Performance
- 9.3.3.4.3. Product Benchmarking
- 9.3.3.4.4. Strategic Initiatives
- 9.3.3.5. QIAGEN
- 9.3.3.5.1. Company Overview
- 9.3.3.5.2. Financial Performance
- 9.3.3.5.3. Product Benchmarking
- 9.3.3.5.4. Strategic Initiatives
- 9.3.3.6. Nipro Diagnostics
- 9.3.3.6.1. Company Overview
- 9.3.3.6.2. Financial Performance
- 9.3.3.6.3. Product Benchmarking
- 9.3.3.6.4. Strategic Initiatives
- 9.3.3.7. Danaher
- 9.3.3.7.1. Company Overview
- 9.3.3.7.2. Financial Performance
- 9.3.3.7.3. Product Benchmarking
- 9.3.3.7.4. Strategic Initiatives
- 9.3.3.8. Bio-Rad Laboratories, Inc.
- 9.3.3.8.1. Company Overview
- 9.3.3.8.2. Financial Performance
- 9.3.3.8.3. Product Benchmarking
- 9.3.3.8.4. Strategic Initiatives
- 9.3.3.9. bioMerieux
- 9.3.3.9.1. Company Overview
- 9.3.3.9.2. Financial Performance
- 9.3.3.9.3. Product Benchmarking
- 9.3.3.9.4. Strategic Initiatives
- 9.3.3.10. Agilent Technologies, Inc.
- 9.3.3.10.1. Company Overview
- 9.3.3.10.2. Financial Performance
- 9.3.3.10.3. Product Benchmarking
- 9.3.3.10.4. Strategic Initiatives
- 9.3.3.11. Abaxis
- 9.3.3.11.1. Company Overview
- 9.3.3.11.2. Financial Performance
- 9.3.3.11.3. Product Benchmarking
- 9.3.3.11.4. Strategic Initiatives
- 9.3.3.12. OraSure Technologies
- 9.3.3.12.1. Company Overview
- 9.3.3.12.2. Financial Performance
- 9.3.3.12.3. Product Benchmarking
- 9.3.3.12.4. Strategic Initiatives
- 9.3.4. Strategy Mapping
- 9.3.4.1. Expansion
- 9.3.4.2. Acquisition
- 9.3.4.3. Collaborations
- 9.3.4.4. Disease Type/Drug Class Launch
- 9.3.4.5. Partnerships
- 9.3.4.6. Others