Industry Outlook

The Point of Care Testing Market accounted for USD 42.8 Billion in 2024 and is expected to reach USD 82.1 Billion by 2035, growing at a CAGR of around 6.1% between 2025 and 2035. The point-of-care testing (POCT) market focuses on providing rapid diagnostic tests that can be performed near the patient, outside of traditional laboratory settings. These tests deliver quick results, often within minutes, enabling healthcare providers to make immediate clinical decisions and initiate timely treatments. POCT devices are used in various healthcare settings such as hospitals, clinics, physician offices, and even at home, allowing for faster diagnosis of conditions like infectious diseases, diabetes, cardiac markers, and pregnancy. The market aims to improve patient outcomes by facilitating early detection, monitoring of chronic conditions, and efficient management of healthcare resources.

Report Scope:

Market Dynamics

The Rising Prevalence of Chronic Conditions

The rising prevalence of chronic conditions like diabetes, cardiovascular diseases, and infectious diseases is significantly driving the Point of Care (POC) Testing market. As these diseases become more common, there is a growing demand for rapid, accurate diagnostic tools that can be used at or near the site of patient care. POC testing offers immediate results, enabling timely diagnosis and management of chronic conditions, which is crucial for improving patient outcomes. The convenience and efficiency of these tests are increasingly valued by both healthcare providers and patients, further fueling market growth.

Ensuring Accuracy, Reliability, and Quality Control of POCT Devices could hamper market growth

Ensuring the accuracy, reliability, and quality control of Point of Care Testing (POCT) devices present a significant challenge, restraining the growth of the market. Maintaining high standards for these devices is crucial, as inaccuracies or inconsistencies can lead to misdiagnosis and ineffective treatment. Rigorous quality control is required to meet regulatory standards and ensure consistent performance, which can be both complex and costly for manufacturers. These challenges can limit the adoption of POCT devices and impact market expansion.

Integrating POCT Devices with Telemedicine Platforms And Remote Monitoring Solutions

Integrating Point of Care Testing (POCT) devices with telemedicine platforms and remote monitoring solutions presents a significant opportunity for the market. This integration enables real-time data sharing and remote diagnostics, improving accessibility to healthcare services, especially in underserved or remote areas. By connecting POCT devices to telemedicine systems, healthcare providers can offer timely and informed care, monitor patient health continuously, and make data-driven decisions more efficiently. This synergy enhances patient engagement and streamlines workflows, potentially expanding the market and driving innovation in POCT and telemedicine.

Industry Experts Opinion

"If the market is growing, there's going to be incumbents out there with new tests that would probably grow because they've got the infrastructure to produce them”

• Harry Glorikian, General Partner at Scientia Ventures

Segment Analysis

Based on the Product Type: In the Point of Care (POC) Testing market, Infectious Diseases Testing is the leading segment. This dominance is driven by the high demand for rapid and accurate diagnostic tools for detecting infectious diseases, especially in light of global health challenges like pandemics. The need for immediate results to control outbreaks and provide timely treatment fuels significant investment and innovation in this area. While other segments such as Blood Glucose Monitoring and Cardiac Testing are also substantial, Infectious Diseases Testing generally holds a leading position due to its critical role in public health.

Based on Application: Blood Samples are the dominant segment in the Point of Care (POC) Testing market. This is because blood tests are widely used for various diagnostic purposes, such as monitoring chronic conditions, detecting infections, and evaluating overall health. Blood tests are central to many POC devices as they deliver vital, actionable information rapidly. Although other sample types, including Urine, Saliva, and Respiratory Samples, are increasingly utilized, blood samples continue to be the preferred choice due to their extensive applicability and essential role in diagnostics.

Regional Analysis

The North American Point of Care (POC) Testing market is robust and rapidly expanding, driven by advanced healthcare infrastructure, high adoption rates of innovative diagnostic technologies, and a growing emphasis on personalized medicine. The region benefits from significant investment in research and development, as well as a well-established network of healthcare providers and facilities. Regulatory support and a high level of patient awareness also contribute to market growth. Additionally, the increasing prevalence of chronic diseases and a shift towards decentralized healthcare are fueling demand for POC testing solutions. Key players in the region include Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, Beckman Coulter, Quidel Corporation, and Cepheid, all of which are continuously innovating to meet the diverse needs of this dynamic market.

Competitive Landscape

The competitive landscape of the Point of Care (POC) Testing market features prominent players such as Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, Beckman Coulter, Quidel Corporation, and Cepheid. These companies are at the forefront of innovation, offering a diverse range of POC testing solutions across various diagnostic areas including infectious diseases, chronic conditions, and blood glucose monitoring. They compete through advancements in technology, strategic partnerships, and expanding product portfolios. Continuous research and development, coupled with strong regulatory compliance and customer-focused strategies, drive their competitive edge in a rapidly evolving market.

Point of Care Testing Market, Company Shares Analysis, 2024

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Recent Developments:

• In July 2024, Perosphere Technologies Inc., a private medical technologies firm specializing in advanced coagulation diagnostics, announced a partnership with CoRRect Medical GmbH. Under this agreement, CoRRect Medical GmbH will serve as the exclusive distributor for Perosphere’s Point-of-Care (PoC) Coagulometer in Germany.
• In April 2024, Diagnostics company Binx Health raised $65 million in funding to accelerate the development and expansion of its point-of-care testing solutions. This significant investment will support the company's efforts to advance its innovative diagnostic technologies, enhance its accessibility, and drive growth in the rapidly evolving field of point-of-care testing.
• In January 2024, LumiraDx has agreed to sell its point-of-care technology platform to Roche for $295 million. This strategic acquisition will enable Roche to enhance its diagnostic capabilities with LumiraDx's innovative platform, which focuses on providing rapid and accurate testing solutions at the point of care.
• In February 2024, AMDI secured a $5.3 million NIH grant to advance its point-of-care viral testing technology. The company is working on a rapid PCR panel capable of identifying up to 32 targets per sample in under ten minutes, including a range of respiratory viruses.

Report Coverage:

By Product Type

• Infectious Diseases Testing
• Blood Glucose Monitoring
• Cardiac Testing, Coagulation Testing
• Fertility Testing
• Drug Abuse Testing
• Respiratory Testing
• Others

By Sample Type

• Blood Samples
• Respiratory Samples
• Urine Samples
• Saliva Samples
• Fecal Samples
• Tissue Samples
• Other

By Technology

• Immunoassays
• Molecular Diagnostics
• Electrochemical Detection
• Optical Detection
• Bio Sensors
• Microfluidics
• Imaging Technology
• Wearable Technology
• Others

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of Middle East & Africa

List of Companies:

• F. Hoffmann-La Roche Ltd.
• Abbott Laboratories
• Becton, Dickinson and Company (BD)
• Danaher Corporation
• Siemens Healthineers
• Bio-Rad Laboratories Inc.
• bioMérieux
• Nova Biomedical
• QuidelOrtho Corporation
• Trinity Biotech
• Sekisui Diagnostics
• AccuBioTech Co., Ltd.
• HemoCue AB (Danaher Corporation)
• OraSure Technologies, Inc.
• EKF Diagnostics Holdings plc.
• Chembio Diagnostic Systems
• Poc Diagnostics
• Sysmex Corporation
• BioLytical Laboratories Inc.
• Meridian Bioscience

Frequently Asked Questions (FAQs)