Product ID: SQMIG35I2098
Report ID:
SQMIG35I2098 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
121 |
Figures:
77
Point Of Care Diagnostics Market was valued at USD 44.9 billion in 2019 and is poised to grow from USD 45.4 billion in 2023 to USD 75.14 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
The global point-of-care diagnostics market has experienced significant growth, driven in part by the COVID-19 pandemic. Point-of-care diagnostics refers to medical tests conducted near the patient, providing rapid results and enabling immediate treatment decisions. This approach has been crucial in managing the spread of COVID-19 and diagnosing infected individuals quickly.The point-of-care diagnostics market has witnessed a surge in demand due to the need for rapid and accurate testing during the pandemic. These tests include rapid antigen tests, molecular diagnostics, and serology tests, which help identify active infections and detect antibodies in individuals. The market has seen a substantial increase in product development, manufacturing, and distribution of these tests to meet the escalating demand worldwide.Furthermore, the point of care diagnostics and testing market is not limited to COVID-19 alone. It encompasses a wide range of medical conditions, including infectious diseases, cardiovascular diseases, diabetes, and cancer. The convenience, speed, and accuracy of point-of-care testing have made it an invaluable tool in various healthcare settings, such as hospitals, clinics, and home care.The market for point-of-care diagnostics is expected to continue its growth trajectory beyond the COVID-19 pandemic, driven by advancements in technology, increasing awareness about early disease detection, and the rising demand for decentralized testing solutions. Additionally, ongoing research and development efforts aim to expand the range of conditions that can be diagnosed using point-of-care testing, further enhancing its utility in the healthcare industry.
US Point Of Care Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONPoint Of Care Diagnostics Market was valued at USD 44.9 billion in 2019 and is poised to grow from USD 45.4 billion in 2023 to USD 75.14 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
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Product ID: SQMIG35I2098