Point of Care Devices Market was valued at USD 24.5 Billion in 2022 and is projected to reach USD 42.6 Billion by 2030, growing at a CAGR of 7.7% from 2024 to 2030.
However, when we look ahead from 2023 to 2033, the PoC market is expected to experience even more remarkable growth. The key drivers for this period include the expanding use of digital health solutions, such as telemedicine and mobile health apps, which complement the capabilities of PoC devices. Innovations in artificial intelligence (AI) and machine learning (ML) are also expected to enhance the accuracy and efficiency of diagnostic results, creating new opportunities for PoC devices in personalized medicine. Furthermore, increased government investments in healthcare infrastructure, particularly in emerging markets, will lead to a wider adoption of PoC technologies.
The global PoC devices market is forecasted to grow at a robust rate during the next decade, with market analysts predicting a compound annual growth rate (CAGR) of over 8%. North America is expected to remain the largest market, driven by the increasing demand for home-based healthcare solutions and remote patient monitoring. Meanwhile, the Asia-Pacific region is expected to see the highest growth rate, as countries like India and China invest heavily in improving healthcare access in rural and underserved areas.
Technological advancements are also likely to play a pivotal role in the evolution of PoC devices. Portable diagnostic tools are becoming more sophisticated, offering real-time results with higher accuracy, while advances in connectivity will enable seamless integration of PoC devices with Electronic Health Records (EHRs), ensuring that patients receive more coordinated care. In addition, the rise of the Internet of Medical Things (IoMT) will allow healthcare providers to monitor patients remotely, enabling continuous care and potentially reducing the need for in-person visits.
As the healthcare industry moves toward patient-centric care, PoC devices will continue to transform how diagnostic services are delivered. They will reduce the need for patients to visit clinics or hospitals for routine tests, making healthcare more accessible and cost-effective. The future of PoC devices is poised to be marked by increased automation, greater interoperability with other healthcare technologies, and a focus on personalized medicine.
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The Point of Care (PoC) devices market has seen significant growth between 2018 and 2022, driven by advancements in healthcare technology and the increasing demand for immediate, accurate diagnostics. These devices, which allow healthcare providers to conduct tests and receive results at the site of patient care, have been instrumental in improving patient outcomes and reducing the time spent on diagnostic procedures. As a result, the PoC market experienced rapid growth during these years, with the adoption of devices such as glucose monitors, blood pressure monitors, and portable diagnostic tools. The demand surged due to factors like the aging global population, the increasing prevalence of chronic diseases, and the need for more accessible healthcare solutions.
Roche Diagnostics
Radiometer
Beckman
Abbott
Siemens Health Care Diagnostics
Johnson& Johnson
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Point of Care Devices Market
Hospital Health Care
Home Health Care
Based on Types the Market is categorized into Below types that held the largest Point of Care Devices market share In 2023.
Product Type I
Product Type II
Product Type III
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Point of Care Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Point of Care Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Point of Care Devices Market, By Type
6. Global Point of Care Devices Market, By Application
7. Global Point of Care Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Point of Care Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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