PUBLISHER: Value Market Research | PRODUCT CODE: 1547943
PUBLISHER: Value Market Research | PRODUCT CODE: 1547943
The global demand for Point of Care Infectious Disease Testing Market is presumed to reach the market size of nearly USD 81.01 Billion by 2032 from USD 40.12 Billion in 2023 with a CAGR of 8.12% under the study period 2024-2032.
Point of Care Infectious Disease Testing is a testing mechanism used to test major pathogens in an environment setting very close to the patient and enable better management of infectious diseases. It is used to test several major diseases like HIV, HPV, TB, dengue, Ebola, Coronaviruses. This testing can help in the containment of rapid outbreaks of infectious diseases. They are commonly used in resource-limited settings where access to quality medical care in a timely manner is a challenge. Some examples of POCT are lateral flow immunoassays (LFIA) and enzyme immunoassay (ELISA). POCT will have a positive impact on society only if effective systems for reporting test results and follow up care are in place.
The high prevalence of infectious diseases and rapid outbreaks of viruses and epidemics globally are the main drivers for the growth of the POCT market. Availability of low-cost portable devices, ease of use in rural and remote areas, lack of healthcare infrastructure to meet the demands of the distressed will be major factors that will boost the growth of this market. Increased investments from governments for miniaturization and standardization of these testing methods will be a great market booster. Increase in the sales of ELISA kits during the COVID-19 pandemic led to the growth of the POCT market at an alarming rate. The major concerns hampering this market are lack of clinical sensitivity for specimens with low antigen levels and increased possibility of false-negative results.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Point of Care Infectious Disease Testing. The growth and trends of Point of Care Infectious Disease Testing industry provide a holistic approach to this study.
This section of the Point of Care Infectious Disease Testing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Point of Care Infectious Disease Testing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Point of Care Infectious Disease Testing market include Alere, Thermo Fisher Scientific Inc, F. Hoffmann-La Roche Ltd, Siemens Healthineers, BD & Company, Chembio Diagnostics Inc., Trinity Biotech, Cardinal Health, Quest Diagnostics Inc., Bio-Rad Labs Inc., BioMeRieux SA, Sight Diagnostics Ltd., Gene POC, Trivitron Healthcare, OJ-Bio Ltd., Ortho-Clinical Diagnostics. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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