PUBLISHER: Kalorama Information | PRODUCT CODE: 1469333
PUBLISHER: Kalorama Information | PRODUCT CODE: 1469333
Lab-based analyzers in hospitals and reference labs are the cornerstone of revenues in the in vitro diagnostics (IVD) industry. However, the point-of-care (POC) segment is seen as a key growth area. Point-of-care refers to tests that can provide meaningful results during a provider visit or in the patient's home.
Over the past two decades, Kalorama Information has observed that POC tests present significant opportunities for expansion. This rich history analyzing the market is at the forefront of "The Worldwide Market for Point-of-Care (POC) Diagnostic Tests, 2024", the eleventh edition in Kalorama's POC report series.
The role of diagnostics in promoting wellness, improving patient-provider encounters, aiding in drug selection and stewardship, facilitating home or nursing home care, and ensuring effective pandemic management relies heavily on the success of point-of-care solutions. The global POC testing market has experienced significant growth in the last two decades due to the increasing demand for accurate and rapid testing, both within and outside hospital settings. Technological advancements in smartphones, biosensors, lab-on-a-chip, and wearable devices have influenced the POC landscape, aiming to provide expedited diagnosis at the point-of-care.
As a result, point-of-care diagnostics can command higher pricing and experience larger revenue growth compared to lab-based tests. The tests covered in "The Worldwide Market for Point-of-Care (POC) Diagnostic Tests, 2024" tend to grow at higher rates than the overall IVD market.
The report delves into various areas of POC diagnostics, including:
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Each area is thoroughly analyzed, providing market sizing and forecasts.
POC tests are conducted in various settings, including hospital departments (emergency, operating rooms, intensive care units), physicians' offices, hospital clinics, retail clinics, pharmacies, homes (self-testing or by caregivers), and nursing homes.
POC testing may be performed by laboratory personnel, but often it is performed by non-laboratory personnel such as physicians, nurses, assistants in medical offices, emergency medical technicians (EMTs), medics, pharmacists, and the patients themselves (self-testing). Some POC tests are manual tests, often performed with technologies based on dipsticks or strips, lateral flow cassettes, or other manual tests. There are also many small, portable instruments that have been developed for use in POC settings. With the advances in miniaturization and microfluidics that have occurred in recent years, a growing number of small, handheld devices are reaching the POC market for a range of different testing applications.
POC is an international market and Kalorama reflects this with regional coverage. Analysis is anchored by:
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Other countries and regions discussed in the report include:
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"The Worldwide Market for Point-of-Care (POC) Diagnostic Tests, 2024" also highlights the contribution of POC test devices to the overall diagnostics market growth. More diagnostic manufacturers are seeking CLIA waiver status or CE Mark for their POC devices, indicating the growing importance of POC testing in diagnosis and patient care monitoring. Rapid tests are also becoming more prevalent in the POC arena, allowing physicians to treat patients more effectively and efficiently.
This report breaks out point-of-care testing by segment.
Among the top and/or innovative competitors discussed within Corporate Profiles are:
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"The Worldwide Market for Point-of-Care (POC) Diagnostic Tests" is now in its eleventh edition, reflecting more than two decades of Kalorama's analysis of the POC market.
The geographic scope of "The Worldwide Market for Point-of-Care (POC) Diagnostic Tests, 2024" is global, with information for specific geographical regions, world demographics, and other general issues affecting the market. The report's market summary includes total market values, market analysis by product, test usage, technology, region, end-use and a competitive analysis of leading providers. Additionally, key company profiles are included.
All market data pertains to the world market at the manufacturers' level. The market includes manufacturer tests excluding services. The base year for data was 2023. Forecast data is provided for 2023 through 2028. Compound annual growth rates (CAGRs) are provided for the 2023-2028 period for each segment covered. Competitive analysis is provided for the year 2023 along with regional breakdowns. The forecasted market analysis for 2023-2028 was largely based on demographic trends, new developments, innovative technology and global expansion.