Primary Care POC Diagnostics Market - By Product (Glucose Monitoring, Cardiometabolic, Urinalysis, Cholesterol, Infectious Disease, Cancer Marker, Coagulation, Hematology, Pregnancy & Fertility Testing Products), End-use – Global Forecast, 2024-2032
Report ID: GMI7895
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Published Date: January 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 12
Tables & Figures: 482
Countries covered: 22
Pages: 180
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Primary Care POC Diagnostics Market Size
Primary Care POC Diagnostics Market size was valued at USD 18.3 billion in 2023 and is estimated to expand at 7% CAGR from 2024 to 2032. Point-of-care (POC) diagnostics in primary care refer to medical tests or diagnostic procedures that are performed at or near the location wherein patient care is provided, typically in a primary care setting such as a doctor's office, clinic, or community health center.
The primary goal of POC diagnostics is to obtain rapid and accurate diagnostic information, enabling healthcare providers to make immediate decisions about patient care. The increasing incidence of infectious diseases and chronic conditions including cardiovascular diseases is one of the major factors driving the demand for primary care POC diagnostics market progress. For instance, according to the World Health Organization (WHO) report, in 2021, there were around 37.7 million individuals suffering with human immunodeficiency virus (HIV).
Furthermore, the growing prevalence of diabetes worldwide is a significant factor contributing to increasing point of care testing, which is estimated to account for over USD 78 billion by 2032, at home-care settings. Additionally, as per statistics, approximately 537 million adults were individuals suffering from diabetes in 2021. Diabetic foot ulcers and pressure ulcers are a common complication and are a major cause of hospital admissions in people with diabetes. Thus, this growing prevalence of diabetes is anticipated to boost demand of primary care POC diagnostics and thereby accelerate market expansion.
Primary Care POC Diagnostics Market Trends
The increasing technological advancements in the primary care POC diagnostics market is projected to augment significant industry expansion. Current trend in the industry is strongly persuaded towards smart devices equipped with mobile healthcare that will significantly accelerate growth of remote patient monitoring and management. Wide range of mobile healthcare technologies have been developed, of which cell phone-based point of care technologies has become the most prominent technology.
Primary Care POC Diagnostics Market Analysis
The primary care POC diagnostics market by product is categorized into glucose monitoring, cardiometabolic testing products, infectious disease testing products, coagulation testing products, pregnancy and fertility testing products, tumor/cancer marker testing products, urinalysis testing products, cholesterol testing products, hematology testing products, drug-of-abuse (DoA) testing products, fecal occult testing products, and other products. The glucose monitoring segment garnered USD 4.5 billion revenue size in the year 2023.
Based on end-use, the primary care POC diagnostics market is segmented into hospitals, diagnostic centers, research laboratories, home care settings, and other end-users. The hospitals segment garnered USD 6.5 billion revenue size in the year 2023.
U.S. primary care POC diagnostics market accounted for USD 6.9 billion revenue size in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Primary Care POC Diagnostics Market Share
The primary care POC diagnostics industry is consolidated, with key players including, Abbott Laboratories, BioMerieux SA, Bio-Rad Laboratories, and others dominating the market space. These companies focus on ongoing product innovation, geographical expansion, and partnerships to secure substantial market share.
For instance, in October 2021, Bio-Rad Laboratories launched new CFX Opus 96 Dx System and the CFX Opus 384 Dx System, real-time PCR detection systems. This system offers precise quantification to improve assay development, workflow efficiencies and productivity for diagnostic testing and research. This strategy improved diagnostic test outcomes and enabled in augmenting revenue growth.
Primary Care POC Diagnostics Market Companies
Some of the eminent market participants operating in the primary care POC diagnostics industry include:
Primary Care POC Diagnostics Industry News:
Primary care POC diagnostics market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Product, 2018 – 2032 (USD Million)
By End-use, 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries: