Sales Of Point Of Care Diagnostic Kits Are Anticipated To Increase At A CAGR Of 7% By 2031

Market research covered in this Point of Care Diagnostics Market report helps the management of a firm in planning by providing accurate and up-to-date information about the consumer’s demands, their changing tastes, attitudes, preferences, buying intentions, etc. This research aids in correlative relationships between the product brand and consumers’ needs and preferences. Additionally, this report brings into light key market dynamics of the sector. The competitive landscape section of the report gives a clear insight into the market share analysis of key industry players.

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The company profiles of all the major market players and brands that are dominating the Point of Care Diagnostics Market with moves like product launches, joint ventures, merges, and accusations which in turn are affecting the sales, import, export, revenue, and CAGR values have been cited in the report. The study consists of a market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness.

The research further covers segments such as product type, market share, availability on-premises, and end-users type, and availability in geographical regions such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The dedicated section on the opportunities and challenges ahead of Point of Care Diagnostics Market participants is a valuable addition to this report. The section is capable of improving business knowledge about the latest innovations and needed improvisation to keep the market position intact with time in the forecast period 2023- 2032.

Shipments of point of care test (POCT) kits are projected to surge at a CAGR of around 7% from 2021 to 2028, as per this new analysis. In 2020, the global point of care diagnostics market stood at US$ 34.1 Bn, and is anticipated to surge to a valuation of US$ 66 Bn by the end of 2028.

The Point of Care Diagnostics study outlines the key regions – North America, Latin America, Europe and East Asia – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.

Competitive Landscape:

Key point of care diagnostic solution providers are focusing on mergers and acquisitions to increase their market presence on a global scale and are also aiming to fast track product development and research with these efforts.

  • In September 2021, a next-generation point of care diagnostic solution provider – LumiraDx Limited – announced the completion of a merger agreement that was previously discussed with CA Healthcare Acquisition Corp., which is a special purpose acquisition entity based in the United States.

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Report Benefits & Key Questions Answered

  • Point of Care Diagnostics Company & brand share analysis: Company and brand share analysis on Point of Care Diagnostics reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
  • Point of Care Diagnostics Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Point of Care Diagnostics
  • Point of Care Diagnostics Category & segment level analysis: Fact.MR’s Point of Care Diagnostics sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
  • Point of Care Diagnostics Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
  • Post COVID consumer spending on Point of Care Diagnostics: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
  • Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments

What insights does the Point of Care Diagnostics report provide to the readers?

  • Point of Care Diagnostics fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Point of Care Diagnostics
  • Various regulations imposed by the governments on the consumption of Point of Care Diagnostics in detail.

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Key Segments Covered in Point of Care Diagnostics Industry Research

  • By Platform:
    • Lateral Flow Assays-based POC Tests
    • Dipsticks POC
    • Microfluidic Point of Care Testing
    • Molecular Diagnostics
    • Immunoassay Technology
    • Others
  • By Application:
    • Glucose Monitoring Products
    • Cardiometabolic Monitoring Products
    • Infectious Disease Testing Products
    • Pregnancy & Fertility Testing Products
    • Urinalysis Testing Products
    • Cholesterol Testing Products
    • Hematology Testing Products
    • Drugs-of-abuse Testing Products
    • Others
  • By End User:
    • Hospitals
    • Diagnostic Laboratories
    • Clinics/Physician Offices
    • Home Care
    • Others
  • By Region:
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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