According to FutureWise analysis the market for Point-Of-Care Diagnostics Devices And Equipment in 2023 is US$ 32.34 billion, and is expected to register a CAGR of 13.80% in 2023-2031.
Point-of-care (POC) diagnostics are those conducted at a location close to the patient. These types of diagnostic tests are performed at a hospital, clinic, ambulance, field, or doctor's office. POC diagnostic tests provide speedy findings, allowing patients to receive better treatment. It also removes the patient's follow-up appointments. Point of Care Diagnostics has applications in the diagnosis and detection of glucose levels, viral illnesses, cardiac tests, and other POC diagnostics, to name a few. When the patient is present or close by, diagnostic results are obtained using point of care (POC) diagnostic devices. To provide fast feedback on a range of medical tests, POC diagnostic devices are utilised at doctors' offices, hospitals, and patients' homes. It is medical diagnostic testing that is done at or near the point of care, that is, when the patient is being treated. This is in contrast to the traditional approach of limiting testing to the medical laboratory, which involved sending specimens away from the point of treatment and then waiting hours or days for results, during which time care had to be continued without the information needed. Among the procedures covered by Point of Care Diagnostics Test are blood sugar testing, blood gas and electrolyte balance analysis, rapid blood clotting testing, rapid cardiac markers diagnostics, drugs of abuse screening, urine strips testing, pregnancy testing, occult blood analysis, food pathogens screening, haemoglobin diagnostics, infectious disease testing (such as COVID-19 rapid tests), and cholesterol screening. The use of point-of-care diagnostics is growing in popularity. The point-of-care diagnostics devices and equipment market is likely to be driven by convenience, reduced patient wait times, fewer or no follow-ups, accurate test results, rapid patient management, and improved healthcare delivery. The number of patients receiving treatment for acute and chronic diseases at home is on the rise in the United States, which is likely to boost demand for point-of-care diagnostics devices and equipment.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Point-Of-Care Diagnostics Devices And Equipment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Point-Of-Care Diagnostics Devices And Equipment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.