Point of Care (POC) Diagnostics Devices Market Analysis

The global point of care diagnostics market is thriving on account of the growing demand for pre-diagnosis of diseases at home environment, backed by the rising prevalence of target diseases and the need amongst individuals to diagnose and address common diseases at home. Additionally, the increasing focus of POC device manufacturers for commercializing portable diagnosis equipment for home healthcare settings is further anticipated to contribute to the market growth.

The market is segmented by end-user into home, clinics, hospitals, assisted living healthcare facilities, laboratories, and others. Among these segments, the clinics segment is anticipated to hold the largest market share by the end of 2021 and is majorly contributed by community pharmacies and retail clinics. The growth of the segment can be attributed to the improving healthcare coverage across several developing and developed nations around the globe, along with the increasing access to novel diagnostic technologies, and the growing affordability of these diagnosis devices for performing tests, such as glycosylated hemoglobin (A1C) and cholesterol among others. Consecutively, the home segment is projected to grow with the highest CAGR during the forecast period. 

Our in-depth analysis of the global point of care diagnostics market includes the following segments