POC Molecular Diagnostics Market

On the backdrop of an increase in demand for the standard of care and specific treatment the global POC molecular diagnostics market is expected to grow significantly in the near future

 

Reports and Insights (R&I) has published a new report titled, “POC Molecular Diagnostics Market: Opportunity Analysis and Future Assessment 2022-2030

The global POC molecular diagnostics market is estimated for more than US$ 3,845.4 Mn in the year 2020 and expected to grow at a significant CAGR of 12.3% during the forecast period and expected to reach a value of more than US$ XX Mn in 2030.

As per the report, the healthcare industry is witnessing a huge evolution over the past decade with numerous technological advancements across the world which is primarily supporting the positive growth in the global POC molecular diagnostics market. There has been a remarkable makeover in the field of molecular diagnosis with the advent of modern technologies such as POC molecular diagnostics.

Presently, the molecular diagnostics industry is observing a transforming shift to such advanced molecular diagnostics tests, which allows specialists to further enhance the experience of the population by quick diagnosis and treatment results and decisions so there is no need to wait for many hours and days for the results.

Owing to which, the global POC molecular diagnostics market is expected to witness rapid growth during the forecast period.

Also, the growing need for faster testing methods with high quality of test results in a very short time is also propelling the growth of the global POC molecular diagnostics market.

Additionally, the healthcare professionals and researchers are also focused on continuous research and development, in order to minimize molecular diagnostics testing that provides improved patient testing with higher efficiency and fewer turnaround times are major factors stimulating the demand for POC molecular diagnostics tests in the global market, hence giving a breakthrough to the growth of the global POC molecular diagnostics market.

Moreover, the growth in the understanding among the physicians and researchers with respect to molecular mechanisms in the familiar as well as unique illness and the development of DNA analysis and sequencing are other major factors that are projected to improve the potential of molecular diagnostics, thus further promoting the growth of the global POC molecular diagnostics market. In addition to that, the widespread applications of POC molecular diagnostics tests is also driving the growth of its global market.

The numerous applications of POC testing in molecular diagnostics is also driving the growth of the global market, involving hematology, oncology, prenatal testing, and endocrinology.

Furthermore, there have been huge acquisitions and collaborations among the giant organizations of the global market in order to diversify their product portfolio, thereby expanding the company’s reach, resultantly contributing to the growth of the global POC molecular diagnostics market.

R&I Study identifies some of the key participating players in the POC molecular diagnostics market globally are Roche Diagnostics, Biomerieux, Danaher, Abbott Laboratories, Quidel and Meridian Bioscience.

The global POC molecular diagnostics market is segmented on the basis of product & solutions, technology, application, end user, and region.

By Product & Solution

Kits & Assays

Analyzers

Software & Services

By Technology

Real-Time Polymerase Chain Reaction (RT-qPCR)

Isothermal Nucleic Acid Amplification Technology (INAAT)

Other Technologies

By Application

Respiratory Diseases

Sexually Transmitted Diseases (STDs)

Hospital Acquired Infections (HAIs)

Cancer/Oncology

Prenatal/Neonatal Testing

Other Applications

By End User

Clinics and Diagnostic Laboratories

Hospital Outpatient Departments and Intensive Care Units (ICUs)

Research and Academic Institutes

Other End Users

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

 

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