PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1407960
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1407960
Global Primary Care POC Diagnostics Market is valued at approximately USD 15.40 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030. Primary Care Point of Care (POC) Diagnostics encompasses medical diagnostic tests and devices conducted in close proximity to the patient, whether at a medical practitioner's office, clinic or even within a home setting, instead of centralized laboratory testing. These diagnostic tools are engineered to furnish swift and immediate results, empowering healthcare providers to promptly assess a patient's health status. They are frequently employed for standard testing, early disease screening, and continuous health condition monitoring. The Primary Care POC Diagnostics Market is expanding because of factors such as the growing need for quick diagnostic results in primary care settings, coupled with the rising prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and infectious diseases. Additionally, the swift development of Point-Of-Care Testing (POCT) presents significant growth opportunities for both primary and secondary care environments. Escalating healthcare costs in secondary and tertiary care has redirected the healthcare sector's focus towards primary care. A substantial reduction in these cost challenges can be achieved through routine early-stage patient screening in primary care. Consequently, this is expected to substantially propel market expansion.
In addition, the growing geriatric population is acting as a catalyzing factor for market growth across the globe. The aging people require more frequent healthcare interventions and monitoring, which drives the demand for POC diagnostic solutions. As per United Nations World Population Ageing Report of 2019, there were 703 million persons aged 65 years or over in the world in 2019. The number of aged persons is projected to double and reach 1.5 billion by 2050. POC diagnostics help to provide these individuals with the care they need in a convenient and timely manner. Thus, these aforementioned factors are propelling the growth of the Primary Care POC Diagnostics Market during the estimated period. Moreover, the rising advancement in POC products, as well as the increasing number of government initiatives to promote POC diagnostics present various lucrative opportunities over the forecast years. However, the unavailability of skilled personnel and the high cost of devices and consumables are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Primary Care POC Diagnostics Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of major players offering products and services, government support, and a growing demand for these solutions in primary home healthcare and assisted healthcare settings. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rise in the number of companies tapping into unexplored opportunities in the area is a contributing factor. Additionally, the increasing awareness among the population about the importance of early disease detection for enhancing patient survival rates is anticipated to significantly propel the market demand across the region.
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable