Point of Care Molecular Diagnostics Market
Point of Care Molecular Diagnostics Market Size, Share & Trends Analysis Report by Application (Influenza, Mononucleosis, Respiratory Infectious Disease, Gastrointestinal Infectious Disease, Sexually Transmitted Disease, and Others (prenatal testing, and endocrinology)), by End User (Hospitals, Homecare, and Others (decentralized labs)), and by Technology (PCR, Genetic Sequencing, Hybridization, and Microarray) Forecast Period (2022-2030) Update Available - Forecast 2024-2030
Point of care molecular diagnostics market is estimated to grow at a CAGR of 8.2% during the forecast period. Increased R&D funding for technologies that will reduce clinical diagnostic testing time is driving growth in the point-of-care molecular diagnostics market. Notably, the COVID-19 pandemic has driven greater willingness by regulatory authorities to fast-track approval of diagnostic products. For instance, in April 2020, the US National Institutes of Health (NIH) Point-of-Care Technologies Research Network (POCTRN) launched the Rapid Acceleration of Diagnostics (RADxSM) initiative. The initiative accelerates the development, validation, and commercialization of innovative point-of-care and home-based tests, as well as improvements to clinical laboratory tests, that can directly detect SARS-CoV-2. In addition, the increased prevalence of chronic diseases that require long-term outpatient care, rapid shifts in government and research funding, and exciting advancements in life science technologies are the major factors that further boost the market growth. According to the Center for Disease Control and Prevention (CDC), almost half of all American adults have high blood pressure, and cardiovascular disease is responsible for one in three deaths, nearly 859,000 people in the US suffered from various chronic diseases in 2022.
Segmental Outlook
The global point of care molecular diagnostics market is segmented based on its application, end user, and technology. Based on application, the market is divided into Influenza, Mononucleosis, Respiratory Infectious Disease, Gastrointestinal Infectious Disease, Sexually Transmitted Diseases, and Others (prenatal testing, and endocrinology). Based on end user, the market is segmented into hospitals,homecare, and others (decentralized labs). Based on technology, the market is categorized into PCR, genetic sequencing, hybridization, and microarray. Based on technology, the PCR segment is projected to grow at a favourable rate. The growth is attributed to the growing use of PCR in proteomics, genomics, and COVID-19 testing, as it is easy-to-use devices are the major factors driving the growth of this market segment.
The Mononucleosis segment is Projected to Grow at a Favourable Rate
Based on application, the Mononucleosis segment holds a significant market share in the market during the forecast period. The major factors responsible for the growth of mononucleosis include rising health awareness, increasing mononucleosis cases, and the rise in the adolescent population. Moreover, infectious mononucleosis mostly affects adolescents and young adults 15 to 24 years of age (6 to 8 cases per 1,000 person-years), particularly those living in communal environments, such as dormitories or military barracks, nearly 11 to 48 cases per 1,000 people were infected by mononucleosis according to the American Heart Association. ?
Regional Outlooks
The global point of care molecular diagnostics market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Based on geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific is expected to witness the fastest growth over the forecast period owing to a larger population base, and availability of potential cost-effective implementation of point of care molecular diagnostics tests.
Global Point of Care Molecular Diagnostics Market Growth, by Region 2023-2030
The North American Region Leads the Growth of the Global Point of Care Molecular Diagnostics Market
Increasing cases of cancer and well-established healthcare systems are the prominent factors that drive market growth According to the American Cancer Society, in 2021, there were 1,898,160 new cancer cases diagnosed and 608,570 cancer mortality in the US. In addition, the high prevalence of infectious diseases, and the presence of major market players that are offering molecular diagnostics tests by entering into partnership, collaboration, and funding strategy, is projected to boost market growth. For instance, in December 2021, Spesana, EMRs, and Biodesix Inc., announced that they have partnered to further streamline and automate the use of molecular diagnostics in clinical workflows across the US utilizing Spesana’s digital platform solutions for comprehensive lung cancer management. Spesana cloud-based Digital Healthcare Platform unifying all EMRs, Lab Information Systems and Molecular Diagnostics to improve what is often considered a broken electronic healthcare system that all too frequently turns what should be simple tasks into complex problems for healthcare providers.
Market Players Outlook
Major companies contributing to the global point of care molecular diagnostics market include Abott Laboratries, Becton, Dickinson and Co.,Bosch Healthcare Solutions GmbH,Siemens Healthineers, Thermo Fisher Scientific Inc.,Enzo Biochem, Eurofins Scientific, Fluxergy, and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. For instance, in March 2023, Global Fund, USAID and Stop TB partnership entered into a collaboration with Molbio Diagnostics, point-of-care molecular diagnostics company and inventor of the globally renowned Truenat platform. This partnership help democratise and increase access to timely and accurate diagnostic settings to affected patients, thus helping Molbio achieve its goal of providing complete testing solutions via the Truenat platform.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global point of care molecular diagnostics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Application s and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
1.1. Key Company Analysis
3.1. Abbott Laboratories
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Becton, Dickinson and Co.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Bosch Healthcare Solutions GmbH
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Siemens Healthineers
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Thermo Fisher Scientific Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Point of Care Molecular Diagnostics Market by Application
4.1.1. Influenza
4.1.2. Mononucleosis
4.1.3. Respiratory Infectious Disease
4.1.4. Gastrointestinal Infectious Disease
4.1.5. Sexually Transmitted Disease
4.1.6. Others (prenatal testing, and endocrinology)
4.2. Global Point of Care Molecular Diagnostics Market by End user
4.2.1. Hospitals
4.2.2. Homecare
4.2.3. Others (decentralized labs)
4.3. Global Point of Care Molecular Diagnostics Market by Technology
4.3.1. PCR
4.3.2. Genetic Sequencing
4.3.3. Hybridization
4.3.4. Microarray
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accelerate Diagnostics
6.2. Access Bio
6.3. Ador Diagnostics
6.4. ADT Biotech
6.5. Akonni Biosystems
6.6. Alveo Technologies
6.7. Antelope Dx
6.8. Applied BioCode
6.9. Aureum Diagnostics
6.10. Aus Diagnostics
6.11. Baebies
6.12. Beckman Coulter Diagnostics
6.13. Binx Health
6.14. Biocartis
6.15. BioFire Diagnostics (bioMerieux)
6.16. BioMerieux Diagnostics
6.17. Bio-Rad Laboratories, Inc.
6.18. Cepheid (Danaher)
6.19. Credo Diagnostics Biomedical
6.20. Cue Health
1. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
2. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR INFLUENZA MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR MONONUCLEOSIS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR RESPIRATORY INFECTIOUS DISEASE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR GASTROINTESTINAL INFECTIOUS DISEASE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR SEXUALLY TRANSMITTED DISEASE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR OTHERS (PRENATAL TESTING, AND ENDOCRINOLOGY) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
9. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS IN HOMCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS IN OTHERS (DECENTRALIZED LABS) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
13. GLOBAL PCR POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL GENETIC SEQUENCING POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL HYBRIDIZATION POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL MICROARRAY POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. NORTH AMERICAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION , 2022-2030 ($ MILLION)
20. NORTH AMERICAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
21. NORTH AMERICAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2022-2030 ($ MILLION)
22. EUROPEAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. EUROPEAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION , 2022-2030 ($ MILLION)
24. EUROPEAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
25. EUROPEAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2022-2030 ($ MILLION)
30. REST OF THE WORLD POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
31. REST OF THE WORLD POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
32. REST OF THE WORLD POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY END USER , 2022-2030 ($ MILLION)
33. REST OF THE WORLD POINT OF CARE MOLECULAR DIAGNOSTICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2022-2030 ($ MILLION)
1. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
2. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR INFLUENZA MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR MONONUCLEOSIS MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR RESPIRATORY INFECTIOUS DISEASE MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR GASTROINTESTINAL INFECTIOUS DISEASE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR SEXUALLY TRANSMITTED DISEASE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS FOR OTHERS (PRENATAL TESTING, AND ENDOCRINOLOGY) MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY END USER, 2022 VS 2030 (%)
9. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS IN HOSPITALS MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS IN HOMECARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS IN OTHERS (DECENTRALIZED LABS) MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY TECHNOLOGY, 2022 VS 2030 (%)
13. GLOBAL PCR POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL GENETIC SEQUENCING POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL HYBRIDIZATION POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL MICROARRAY POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. US POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
19. CANADA POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
20. UK POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
21. FRANCE POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
22. GERMANY POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
23. ITALY POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
24. SPAIN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF EUROPE POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
26. INDIA POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
27. CHINA POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
28. JAPAN POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
29. SOUTH KOREA POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD POINT OF CARE MOLECULAR DIAGNOSTICS MARKET SIZE, 2022-2030 ($ MILLION)
