PR Newswire
SAN FRANCISCO, May 12, 2025
SAN FRANCISCO, May 12, 2025 /PRNewswire/ -- The global point of care diagnostics market size is expected to reach USD 68.5 billion by 2030, registering a CAGR of 5.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The introduction of advanced technologies such as Telehealth enabled POCT is expected to fuel market growth. Furthermore, the rise in the geriatric population and their need for accessible home-based care are anticipated to drive the market.
The adoption of POCT in emerging economies such as Africa and Latin America is anticipated to be a growth determinant of the global POCT market. The authorities are decentralizing the healthcare system and increasing their investments. For instance, the African regulations in Kenya allotted USD 346.7 to Managed Equipment Services project for the government's initiative toward modernizing facilities by procuring new equipment. The Ministry of Health selected GE Health and Philips to offer equipment across 47 countries. Similarly, Latin America decentralized IVD testing, which encourages private players to take strategic initiatives to meet the region's existing demand for affordable POCT, especially in the infectious diseases segment.
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Currently developed POC devices and tests are employed across different medical diagnostic applications, including cancer, pregnancy, and infectious diseases. Patients and physicians employ POC tests to screen conditions, confirm diagnoses, and design suitable therapeutic approaches based on patient health. However, the enthusiasm displayed by different consumers, such as doctors, patients, and caregivers, varies widely. This dynamic consumption pattern of POC diagnostic products is also attributed to economic scalability, financial interests, and lack of a universal healthcare structure.
In the light of COVID-19, the lockdown imposed across the globe has necessitated virtual visits and rapid diagnostic tests that assist patients to avoid hospital visits. Post-lockdown, the eHealth strategy is the emerging area of priority and investment such as an automated patient appointment system, lab result transmission system, healthcare workers' communication system, and medical products procurement system for the companies and governments. It is anticipated to continue to prioritize home-based healthcare delivery even after the pandemic, especially for patients with pre-existing conditions. For instance, NeuroMetrix, Inc. appointed a team to develop the business of DPNCheck, a POCT for peripheral neuropathies. The team is responsible for expanding the footprint in the healthcare market and focusing on the Medicare Advantage population.
POC Diagnostics Market Report Highlights:
Read full market research report on Point Of Care (POC) Diagnostics Market with TOC - Point Of Care Diagnostics Market Size, Share & Trends Analysis Report By Product (Infectious Diseases, Glucose Testing, Cardiac Markers), By End Use (Clinics, Home, Hospitals), By Region, And Segment Forecasts, 2025 - 2030
Point Of Care Diagnostics Market Segmentation
Grand View Research has segmented the global point of care diagnostics market report based on product, end use, and region:
Point Of Care Diagnostics Market - Product Outlook (Revenue, USD Billion, 2018 - 2030)
Point Of Care Diagnostics Market - End-use Outlook (Revenue, USD Billion, 2018 - 2030)
Point Of Care Diagnostics Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)
List of Key Players in the POC Diagnostics Market
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