Point of Care Infectious Disease Testing Market – By Product, By Technology, By Application, By End Use - Global Forecast, 2024 – 2032
Report ID: GMI11938
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Published Date: October 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 13
Tables & Figures: 125
Countries covered: 19
Pages: 137
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Point of Care Infectious Disease Testing Market Size
The global Point of care infectious disease testing market size was valued at around USD 3.2 billion in 2023 and is estimated to grow at 6.9% CAGR from 2024 to 2032. Point-of-care (POC) infectious disease testing refers to diagnostic tests conducted at or near the site of patient care, rather than in centralized laboratories. These tests are designed to deliver rapid, on-the-spot results, allowing for immediate clinical decisions.
The increasing global burden of infectious diseases is a key driver of growth in the point-of-care (POC) infectious disease testing market. With the emergence of new infectious pathogens, the re-emergence of previously controlled diseases, and the growing threat of antimicrobial resistance, rapid and accurate diagnostics are critical for timely intervention. Diseases such as HIV, hepatitis, influenza, and tuberculosis continue to affect millions worldwide.
For instance, in 2022, the World Health Organization (WHO) estimated that 10.6 million people globally contracted tuberculosis (TB), including 5.8 million men, 3.5 million women, and 1.3 million children. These figures highlight the widespread impact of the disease across various demographics. Moreover, the recent COVID-19 pandemic further underscored the urgent need for accessible testing solutions. As the spread of infectious diseases remains a significant public health challenge, the demand for POC testing has surged due to its ability to deliver fast, reliable results, enabling timely treatment and containment efforts.
Furthermore, technological innovations are driving growth in the point-of-care infectious disease testing market. Advances such as device miniaturization, digital platform integration, and the development of rapid, accurate molecular testing have improved ease of use, portability, and turnaround times. These improvements, particularly in automated devices with real-time data sharing, make point-of-care testing more efficient and widely adopted, especially in remote and resource-limited areas.
Point of Care Infectious Disease Testing Market Trends
Point of Care Infectious Disease Testing Market Analysis
Based on product, the market is divided into instruments and kits & reagents. The kits and reagents segment dominated the market with the largest revenue of USD 2.5 billion in 2023 and is expected to grow at a significant CAGR over the forecast period.
Based on technology, the point of care infectious disease testing market is bifurcated into molecular diagnostics, lateral flow immunoassay, agglutination test, flow-through test/immunoconcentration assay, and other technologies. The molecular diagnostics segment is projected to grow at a CAGR of 6.8% by 2032.
Based on application, the point of care infectious disease testing market is bifurcated into tropical diseases, liver diseases, respiratory diseases, hospital associated infections, sexual health disorders, and other applications. The respiratory diseases segment is projected to grow at a CAGR of 7% during the forecast period to reach USD 2.4 billion by 2032.
Based on end use, the POC infectious disease testing market is bifurcated into hospitals, diagnostic centers, research and academic institutes, homecare settings, and other end users. The hospitals segment is projected to grow at a CAGR of 6.9% during the forecast period.
North America region accounted for a 46.6% revenue share in 2023 and is expected to experience substantial growth reaching USD 2.7 billion by 2032.
The point of care infectious disease testing market in UK is expected to experience significant and promising growth from 2024 to 2032.
Japan POC infectious disease testing market is anticipated to witness lucrative growth between 2024 and 2032.
The point of care infectious disease testing market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Point of Care Infectious Disease Testing Market Share
The market is characterized by a competitive landscape with major global companies and smaller to medium-sized firms vying for market share. A central strategy involves the continuous development of innovative testing solutions that enhance diagnostic accuracy and speed. Key industry players drive advancements through substantial investments in research and development to improve testing methodologies and patient accessibility.
Strategic alliances, partnerships, and collaborations are essential for strengthening market positions and expanding global reach in response to evolving regulatory standards and increasing demand for rapid POC testing solutions, particularly as the emphasis on decentralized healthcare and the integration of telehealth services grows.
Point of Care Infectious Disease Testing Market Companies
Some of the eminent market participants operating in the point of care infectious disease testing industry include:
Point of Care Infectious Disease Testing Industry News:
The point of care infectious disease testing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product
Market, By Technology
Market, By Application
Market, By End use
The above information is provided for the following regions and countries: