Dublin, July 11, 2023 (GLOBE NEWSWIRE) -- The "Point of Care (POC) Molecular Diagnostics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Point of Care (POC) Molecular Diagnostics estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2022-2030.
PCR-based, one of the segments analyzed in the report, is projected to record a 14.4% CAGR and reach US$5.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Genetic Sequencing-Based segment is readjusted to a revised 10.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 16.3% CAGR
The Point of Care (POC) Molecular Diagnostics market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 16.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11% and 12.6% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 12.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2030.
Select Competitors (Total 64 Featured) -
- Abbott Laboratories
- Bayer AG
- BioMerieux SA
- Bio-Rad Laboratories, Inc.
- Danaher Corporation
- F. Hoffmann-La Roche Ltd.
- Nova Biomedical
- OraSure Technologies, Inc.
- Qiagen Gmbh
- Sekisui Medical Co., Ltd.
- Zoetis Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 597 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.2 Billion |
| Forecasted Market Value (USD) by 2030 | $8.8 Billion |
| Compound Annual Growth Rate | 13.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Pandemic Puts Intense Pressure on Healthcare Systems & Products Worldwide
- Molecular Diagnostics Receive Healthy Booster from COVID-19 Tests
- Total Number of COVID-19 Tests Conducted and Tests Per Million Population in Most Impacted Countries: As on September 27, 2021
- Molecular Point-of-Care Tests for COVID-19 Witness Rapid Growth
- Molecular RT-PCR Emerges as the Frontline Technology for Testing COVID-19
- Select Commercial Molecular Tests for COVID-19
- CRISPR Emerges as Cutting-Edge Biotechnology in COVID-19 Diagnostic Market
- COVID-19 Affects Demand for Non- COVID Diagnostics
- Point of Care (POC) Molecular Diagnostics - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Molecular Diagnostics: Leveraging Molecular Technologies to Monitor Human Diseases
- Types of Molecular Diagnostics Tests
- An Introduction to Point of Care (POC) Molecular Diagnostics
- Molecular Testing Mechanisms
- Molecular Vs Non-Molecular POCT
- Global Market Prospects & Outlook
- PCR Technology Leads the MDx Market
- Infectious Diseases: The Largest Application Market
- Reagents and Kits Dominate the Molecular Diagnostics Market
- Developing Countries Present Strong Growth Prospects
- Competition
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Point of Care Diagnostics Augurs Well for Molecular POC Diagnostics Market
- Emphasis on Decentralized Diagnostics Presents Opportunity for POC Testing
- Faster Screening Necessitates Point-of-care Diagnostics for COVID-19 Pandemic
- Growing Prevalence of Infectious Diseases Spurs Need for POC Molecular Diagnostics
- Infectious Diseases Remain Major Cause of Death in Under Developed Regions: Breakdown of Leading Causes of Death in Sub-Saharan Africa (in %)
- Infectious Diseases Related Mortality High Among Children Below 5 Years: Breakdown of Leading Causes of Death in Children Below 5 Years (in %)
- PCR Plays a Vital Role in the Diagnosis of Infectious Diseases
- Rising Prevalence of Respiratory Infections to Drive Need for POC Molecular Diagnostics
- Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
- Rise in Pollution Levels Trigger Increase in Respiratory Diseases, Driving Market Opportunities
- Percentage Share Breakdown of Global Deaths Linked to Air Pollution
- Air Pollution Levels (PM2.5 Concentration (?g/m) for Major Countries Worldwide for 2020
- Rising Cancer Incidence Drives Focus onto POC Molecular Diagnostics
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Global Number of New Cancer Cases and Cancer-related Deaths by Cancer Site for 2020
- Number of New Cancer Cases and Deaths (in Million) by Region for 2020
- Rising Incidence of Hospital Acquired Infections (HAIs) Propels Demand for POC Molecular Diagnostics
- Sustained Threat of HIV and Sexually Transmitted Diseases Amplify Need for POC Molecular Diagnostics
- Global HIV Prevalence: Number of People Living with AIDs (in Thousands) by Region for 2020
- Number of AIDS-Related Deaths (in Thousands) by Region for 2018
- Rapid HIV Tests: A New Age Diagnostic Weapon against the Killer Disease
- Home HIV Testing Emerges as a Lucrative Option
- Molecular Tests Gaining Prominence in GC/Chlamydia Testing Market
- Molecular Diagnostics Opens New Avenues in Viral Hepatitis Testing
- Hepatitis B Prevalence Worldwide by Region
- Demand Continues to Surge for CLIA-Waived Molecular POC Tests
- Advancements in POC for Molecular Diagnostics to Drive Market Growth
- Nanotechnology Facilitates Development of for POC Molecular Diagnostics
- Healthcare Needs of the World's Aging Population: Potential Opportunity in Store
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Increase in Healthcare Spending in Emerging Markets to Propel Demand for POC Molecular Diagnostics
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- Elderly Healthcare Expenditure as a % of GDP for 1970, 2010 and 2050
- Challenges Facing POC Molecular Diagnostics Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/bc2hvm
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