Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Point-of-Care Molecular Diagnostics Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Point-of-Care Molecular Diagnostics Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Point-of-Care Molecular Diagnostics Market is valued at approximately USD 3.05 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.43% over the forecast period 2022-2029.
Point-of-care testing (POCT) is a type of examination in which the study is carried out at the site where medical care is provided to the patient. The Point-of-Care Molecular Diagnostics market is expanding because of factors such as increasing incidence of chronic diseases and rising demand for Point-of-Care Molecular Diagnostics.
According to the March 2020 report of the European Centre for Disease Control and Prevention, 52,862 new tuberculosis cases were reported in 2018 in 30 EU and European Economic Area (EU/EEA) nations, with a reporting rate of 10.2 per 100,000 individuals in the EU/EEA, A DNA amplification test, culture, or smear verified 36,047 cases of tuberculosis out of the total diagnosed cases in 2018. (Polymerase chain reaction test). However, lack of high-complexity test centers in POC molecular testing and uncertain reimbursement scenarios may halt market growth. Further, the market for the Global Point-of-Care Molecular Diagnostics may be fueled by Advancements in Formulation and investments in the R&D center
The key regions considered for the Global Point-of-Care Molecular Diagnostics Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to rising prevalence of cancer. For instance: According to National Cancer Institute, the number of cancer patients went from 18.1 million cases, in the year 2018 to 29.5 million cases, by the year 2040. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to emergence of established players in the region.
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Major market players included in this report are:
- Meridian Bioscience Inc
- Abbott Laboratories
- Siemens Healthineers
- F. Hoffmann-La Roche Ltd
- Becton, Dickinson, and Company
- Danaher Corporation
- BioMerieux
- Agilent Technologies
- OraSure Technologies Inc.
- Thermo Fisher Scientific
The detailed segments and sub-segment of the market are explained below:
By Technology:
PCR
Genetic Sequencing
Hybridization
Microarray
By Application:
Infectious Diseases
Oncology
Hematology
Prenatal Testing
Endocrinology
Other Applications
By End-User:
Hospitals
Homecare
Other End-Users
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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