Hyderabad, India -- (SBWIRE) -- 02/16/2023 -- [160 Research Report] The global Point of Care Diagnostic Market size was valued 29,478.63 million in 2022, it is projected to reach 55,275.73 million by 2030 with growth at a CAGR of 6.5% during the forecast period 2023-2030.

- The point-of-care diagnostics market is driven by several factors, including the increasing prevalence of chronic diseases, the need for rapid and accurate diagnosis in emergency and critical care settings, advancements in technology that allow for the development of easy-to-use and portable devices, and the growing demand for self-monitoring and self-management of chronic conditions.

- The point-of-care diagnostic market refers to the demand and supply of medical devices and diagnostic tests that can be performed at or near the site of patient care, such as in a doctor's office, clinic, or patient's home. These tests are designed to provide rapid results that can be used for immediate diagnosis, treatment, and management of various medical conditions.

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The global Point of Care Diagnostic market research report gives a comprehensive insight of the industry's current and future position. All of the necessary market data is included in the study, which was completed using thorough primary and secondary research. The study also includes market volume and value for each segment, as well as data from segments such as type, industry, channel, and others. The study also examines the market's leading players, distributors, and overall supply chain structure. It also assesses the aspects and characteristics that may influence the market's sales growth.

The market research study discusses the major strategies adopted by industry participants to expand their clientele and sales. The research study investigates supply and demand side market dynamics, as well as major market aspects such as drivers, opportunities, constraints, and emerging trends that will affect the market in the future.

Regional markets and sectors are further subdivided into smaller divisions within the global Point of Care Diagnostic market. Graphs, pie charts, diagrams, and other graphical representations are used to show facts and figures in the report. Facts, tables, and statistics in a market research report increase the visual representation and help readers understand the data points better.

Market Segmentation Analysis
The market research report discusses market segmentation by product type, application, end-user, and geography. The study investigates the industry's growth objective, as well as cost awareness and manufacturing practices. The research report also includes a general overview of the core industry, including classification and definition, as well as the structure of the supply and demand chain. Global research covers global marketing data, competitive climate surveys, growth rates, and information on crucial development status.

The market research study includes critical information on how significant firms are positioned in the industry, as well as key market trends and prospects. This data will be critical in supporting market players in choosing the proper market segments.

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Point of Care Diagnostic – Segmentation:

By Product
- COVID-19 test products
- Glucose Monitoring Products
- Strips
- Meters
- Lancets & Lancing Devices
- Cardiometabolic Monitoring Products
- Point-of-care and rapid diagnostics Products
- Blood Gas/Electrolyte Testing Products
- HbA1c Testing Products
- Infectious Disease Testing Products
- Influenza Testing Products
- Other POC Products

By Platform
- Lateral Flow Assays
- Dipsticks
- Microfluidics
- Molecular Diagnostics
- Polymerase Chain Reaction(PCR)
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Other Molecular Diagnostic Technologies
- Immunoassays

By Mode of Purchase
- Prescription-based Products
- OTC Products
- By Sample
- Blood
- Urine
- Nasal and Oropharyngeal Swabs
- Other Samples

By End User
- Clinical Laboratories
- Ambulatory Care Facilities and Physician Offices
- Pharmacies, retail clinics, & E-comm. Platforms
- Hospitals, Critical Care Centers, Urgent care centers
- Home Care & Self Testing
- Other End Users

COVID-19 Impact Analysis on Point of Care Diagnostic Industry:

The global economy has been affected differently by the coronavirus epidemic in different parts of the world. According to the Point of Care Diagnostic research report, the market is rapidly evolving, and the impact is being investigated in the current context as well as future estimates. For the forecast period, the analysis provides precise figures for the industry's market size, share, production capacity, demand, and growth. This is the most recent COVID-19 scenario report.

The most recent study report contains observations, analyses, estimates, and estimations, as well as assessments of COVID-19's impact on the Point of Care Diagnostic market. Market participants may enhance their products and services by using the data they have obtained to discover opportunities as well as rivals' strengths and weaknesses.

Regional Outlook
Market research evaluates trends in the parent industry, micro- and macroeconomic statistics, controlling variables, and market attractiveness across various geographies on a sector-by-segment basis.
The North America market for Point of Care Diagnostic controlled the global market share in 2021, and it is projected to continue its presence for the forecast period 2022-2030. Europe market is contributing its market share, globally, in 2022 followed by Asia Pacific Point of Care Diagnostic. Latin America And Middle East and Africa regions remain stable in their positions in the global market over the forecast period 2022-2030.

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Geographical Classification:
North America Point of Care Diagnostic Market
Europe Point of Care Diagnostic Market
Asia Pacific Point of Care Diagnostic Market
Latin America Point of Care Diagnostic Market
Middle East and Africa Point of Care Diagnostic Market

Competitive Analysis
The study report meticulously analyses each company's capabilities, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future objectives, and technical advances. A SWOT analysis, market strategies, and profiles of the top competitors in the industry are included in the market study.

Key Players profiled in the global Point of Care Diagnostic Industry:

1. Labcorp Inc. (US)
2. F. Hoffmann-La Roche Ltd. (Switzerland)
3. Guardant Health (US)
4. Sysmex Corporation (Japan)
5. NeoGenomics Laboratories Inc. (US)
6. Adaptive Biotechnologies Corporation (US)
7. ArcherDX Inc. (US)
8. Asuragen Inc. (US)
9. Arup Laboratories Inc. (US).

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- While providing an analytical perspective of the healthcare industry, it gives business strategies with the most recent growth potential.

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