DUBLIN, July 11, 2023 /PRNewswire/ -- 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 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
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