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Global Point of care & Rapid Diagnostics Market

Global Point of Care & Rapid Diagnostics Market Size study, by Product (COVID-19 test products, Glucose Monitoring Products, Cardiometabolic Monitoring Products, Infectious Disease Testing Products), By platform (Lateral Flow Assays, Dipsticks, Microfluidics Molecular Diagnostics, Immunoassays), by Mode of Purchase (OTC Products, Prescription-based Products), by End-User (Clinical Laboratories. Ambulatory Care Facilities and Physician Offices, Pharmacies, retail clinics, & E-commerce Platforms, Hospitals, Critical Care Centers, Urgent care centers, Home Care & Self Testing, Other End-Users) and Regional Forecasts 2022-2028

Product Code: HLSMDE-42914385
Publish Date: 30-04-2022
Page: 200

Global Point of care & Rapid Diagnostics Market is valued at approximately USD 38.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.80% over the forecast period 2022-2028. The point of care and rapid diagnostics utilized to get an immediate result in the investigation of various diseases such as heart diseases, cancer, diabetes, and others are defined as a point of care (POC) and rapid diagnostics market. The market is driven by key factors such as supportive government policies and high prevalence of infectious diseases. The rising prevalence of chronic and infectious illnesses such as heart disease, hepatitis, cancer, gastrointestinal, respiratory, and sexually transmitted diseases (STDs) is driving the global point of care and rapid diagnostics market. For instance, According to UNAIDS, 20.6 million persons in East and Southern Africa were living with HIV in 2018. In the Middle East and North Africa, 20,000 new HIV infections were reported in 2019. Moreover, in 2019, an estimated 5.8 million persons in Asia Pacific were infected with HIV, with India and China leading the way. In India, over 2.1 million persons were infected with HIV in 2019. Hence, high incidence of HIV has led to an increase in demand for point-of-care and rapid diagnostics. Also, growing investments and funding for product development and increasing provider awareness about novel technologies create lucrative opportunities in the upcoming years. However, stringent regulatory policies impede the growth of the market over the forecast period of 2022-2028.

The geographical regions considered for the global Point of Care & Rapid Diagnostics market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is leading the market growth followed by Europe. Factors supporting the growth are increase in the number of product approvals and rise in the prevalence of lifestyle diseases. However, Lain America is projected to be the fastest growing region owing to increasing healthcare expenditure, increase awareness about early detection of diseases.

Major market players included in this report are:
Abbott Laboratories
Siemens Healthineers AG
Quidel Corporation
F. Hoffman-La Roche Ltd.
Danaher Corporation
Becton, Dickinson and Company
Chembio Diagnostics
EKF Diagnostics
Trinity Biotech plc
Instrumentation Laboratory

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
COVID-19 test products
Glucose Monitoring Products
Cardiometabolic Monitoring Products
Infectious Disease Testing Products
By Platform:
Lateral Flow Assays
Dipsticks
Microfluidics
Molecular Diagnostics
Immunoassays
By Mode of Purchase:
Prescription-based Products
OTC Products
End-User:
Clinical Laboratories
Ambulatory Care Facilities and Physician Offices
Pharmacies, retail clinics, & E-commerce Platforms
Hospitals, Critical Care Centers, Urgent care centers
Home Care & Self Testing
Other End Users
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

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Point of Care & Rapid Diagnostics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Point of Care & Rapid Diagnostics Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Point of Care & Rapid Diagnostics Market, by Product type, 2020-2028 (USD Billion)
1.2.3. Global Point of Care & Rapid Diagnostics Market, by Platform, 2020-2028 (USD Billion)
1.2.4. Global Point of Care & Rapid Diagnostics Market, by Mode of Purchase, 2020-2028 (USD Billion)
1.2.5. Global Point of Care & Rapid Diagnostics Market, by End-User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Point of Care & Rapid Diagnostics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Point of Care & Rapid Diagnostics Market Dynamics
3.1. Point of Care & Rapid Diagnostics Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Supportive government policies
3.1.1.2. High prevalence of infectious diseases
3.1.2. Market Challenges
3.1.2.1. Stringent regulatory policies
3.1.2.2. Pricing pressure owing to reimbursement cuts and budget constraints
3.1.3. Market Opportunities
3.1.3.1. Growing investments and funding for product development
3.1.3.2. Increasing provider awareness about novel technologies
Chapter 4. Global Point of Care & Rapid Diagnostics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Point of Care & Rapid Diagnostics Market, by Product Type
6.1. Market Snapshot
6.2. Global Point of Care & Rapid Diagnostics Market by Product Type, Performance – Potential Analysis
6.3. Global Point of Care & Rapid Diagnostics Market Estimates & Forecasts by Product Type, 2019-2028 (USD Billion)
6.4. Point of Care & Rapid Diagnostics Market, Sub Segment Analysis
6.4.1. COVID-19 test products
6.4.2. Glucose Monitoring Products
6.4.3. Cardiometabolic Monitoring Products
6.4.4. Infectious Disease Testing Products
Chapter 7. Global Point of Care & Rapid Diagnostics Market, by Platform
7.1. Market Snapshot
7.2. Global Point of Care & Rapid Diagnostics Market by Platform, Performance – Potential Analysis
7.3. Global Point of Care & Rapid Diagnostics Market Estimates & Forecasts by Platform, 2019-2028 (USD Billion)
7.4. Point of Care & Rapid Diagnostics Market, Sub Segment Analysis
7.4.1. Lateral Flow Assays
7.4.2. Dipsticks
7.4.3. Microfluidics
7.4.4. Molecular Diagnostics
7.4.5. Immunoassays
Chapter 8. Global Point of Care & Rapid Diagnostics Market, by Mode of Purchase
8.1. Market Snapshot
8.2. Global Point of Care & Rapid Diagnostics Market by Mode of Purchase, Performance – Potential Analysis
8.3. Global Point of Care & Rapid Diagnostics Market Estimates & Forecasts by Mode of Purchase, 2019-2028 (USD Billion)
8.4. Point of Care & Rapid Diagnostics Market, Sub Segment Analysis
8.4.1. Prescription-based Products
8.4.2. OTC Products
Chapter 9. Global Point of Care & Rapid Diagnostics Market, by End-User
9.1. Market Snapshot
9.2. Global Point of Care & Rapid Diagnostics Market by End-User, Performance – Potential Analysis
9.3. Global Point of Care & Rapid Diagnostics Market Estimates & Forecasts by End-User, 2019-2028 (USD Billion)
9.4. Point of Care & Rapid Diagnostics Market, Sub Segment Analysis
9.4.1. Clinical Laboratories
9.4.2. Ambulatory Care Facilities and Physician Offices
9.4.3. Pharmacies, retail clinics, & E-commerce Platforms
9.4.4. Hospitals, Critical Care Centers, Urgent care centers
9.4.5. Home Care & Self Testing
9.4.6. Other End-Users
Chapter 10. Global Point of Care & Rapid Diagnostics Market, Regional Analysis
10.1. Point of Care & Rapid Diagnostics Market, Regional Market Snapshot
10.2. North America Point of Care & Rapid Diagnostics Market
10.2.1. U.S. Point of Care & Rapid Diagnostics Market
10.2.1.1. Product Type breakdown estimates & forecasts, 2019-2028
10.2.1.2. Platform breakdown estimates & forecasts, 2019-2028
10.2.1.3. Mode of Purchase breakdown estimates & forecasts, 2019-2028
10.2.1.4. End-User breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Point of Care & Rapid Diagnostics Market
10.3. Europe Point of Care & Rapid Diagnostics Market Snapshot
10.3.1. U.K. Point of Care & Rapid Diagnostics Market
10.3.2. Germany Point of Care & Rapid Diagnostics Market
10.3.3. France Point of Care & Rapid Diagnostics Market
10.3.4. Spain Point of Care & Rapid Diagnostics Market
10.3.5. Italy Point of Care & Rapid Diagnostics Market
10.3.6. Rest of Europe Point of Care & Rapid Diagnostics Market
10.4. Asia-Pacific Point of Care & Rapid Diagnostics Market Snapshot
10.4.1. China Point of Care & Rapid Diagnostics Market
10.4.2. India Point of Care & Rapid Diagnostics Market
10.4.3. Japan Point of Care & Rapid Diagnostics Market
10.4.4. Australia Point of Care & Rapid Diagnostics Market
10.4.5. South Korea Point of Care & Rapid Diagnostics Market
10.4.6. Rest of Asia Pacific Point of Care & Rapid Diagnostics Market
10.5. Latin America Point of Care & Rapid Diagnostics Market Snapshot
10.5.1. Brazil Point of Care & Rapid Diagnostics Market
10.5.2. Mexico Point of Care & Rapid Diagnostics Market
10.6. Rest of The World Point of Care & Rapid Diagnostics Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Becton, Dickinson and Company
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Abbott Laboratories
11.2.3. F. Hoffman-La Roche Ltd.
11.2.4. Danaher Corporation
11.2.5. Instrumentation Laboratory
11.2.6. Quidel Corporation
11.2.7. Siemens Healthineers AG
11.2.8. Chembio Diagnostics
11.2.9. Trinity Biotech plc
11.2.10. EKF Diagnostics
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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