Point-of-Care Molecular Diagnostics Market Prominent Growth And Vendor Landscape By 2028

Global Point-of-Care Molecular Diagnostics Market Study

The research report by The Insight Partners provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Point-of-Care Molecular Diagnostics market during the forecast period, i.e., 2021–2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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The point-of-care molecular diagnostics market is projected to reach US$ 5,381.18 million by 2028 from US$ 2,230.94 million in 2021; it is expected to grow at a CAGR of 13.4% from 2021 to 2028.The growth of the market is attributed to the growing demand for specific viral detection methods that consume less time for timely infection control and rising incidence of infectious diseases. However, the pricing pressures owing to reimbursement cuts restrain the Point-of-Care Molecular Diagnostics market growth. Point-of-care molecular diagnostics comprises portable devices and assays & kits to detect and diagnose diseases from human samples, such as throat swab, blood, serum, and stool. Molecular diagnostics are shifting from centralized laboratories to decentralized point-of-care molecular testing, due to its simplicity, convenience, rapid turnaround time, and potential to improve patient outcomes. Owing to these advantages, it can be applied for diagnosis in low-resource or remote areas.

Major vendors covered in this report:

  • bioMérieux SA
  • F. Hoffmann-La Roche Ltd.
  • Danaher Corporation
  • Enzo Biochem, Inc.
  • Abbott
  • binx health, Inc.
  • Meridian BioScience, Inc
  • Biocartis
  • Quidel Corporation
  • Bio-Rad Laboratories, Inc.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Point-of-Care Molecular Diagnostics market. The researcher provides an extensive analysis of the Point-of-Care Molecular Diagnostics market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Point-of-Care Molecular Diagnostics industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business. 

Scope of the Report

The research on the Point-of-Care Molecular Diagnostics market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Point-of-Care Molecular Diagnostics market on the basis of end user, product type, application, and demography for the forecast period 2021–2028.  Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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Point-of-Care Molecular Diagnostics Market Segmented by Region/Country:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Central & South America

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