Molecular Diagnostics Point of Care Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2028

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Increasing incidence of infectious diseases and cancer, rising demand for diagnostics point-of-care is driving the demand for the market.

 

The Global Molecular Diagnostics Point of Care Market report, compiled by Reports and Data, is a wide-ranging assessment of the global market size, share, and revenue generation during the historical years (2019), which helps the analysts accurately forecast the same for the estimated period of (2020-2027). The report Molecular Diagnostics Point of Care Market comprehensively studies the existing competitive scenario of the market, with prime focus on the leading market competitors and their business expansion strategies. The market intelligence report offers a complete overview of the market, along with an in-depth summary of the company profiles of the key market players. In the concluding part of the report, our team of analysts has included significant data and information, offering accurate insights into the global Molecular Diagnostics Point of Care Market growth on both regional and global levels.

The Global Molecular Diagnostics Point of Care Market is projected to reach USD 4.84 billion in 2027. The main factors that are expected to strengthen high growth potential for POC MDx products are continuing research and development to miniaturize tests with molecular diagnostics that enable increased patient testing with higher precision and lower turnaround times.

The COVID-19 pandemic could threaten the development of the industry to some extent. Key players in the industry are wary of the sector's prospects and are trying to find innovative ways to support themselves. The pandemic was heavily affected by the diagnostic sector, and most major manufacturers were forced to abandon production and other operations. There is a shortage of resources due to frequent lockdowns in various parts of the world.

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Competitive Landscape:

The competitive landscape of the Molecular Diagnostics Point of Care Market is explored with regards to the production capacity, revenue and market share, product portfolio, strategic business decisions such as MA, joint ventures, collaborations, product launches, and brand promotion, among others, for each manufacturer operating in the Molecular Diagnostics Point of Care Market.

Major Manufacturers Profiled in the Report:

  • Abbott Laboratories,
  • Bayer Healthcare,
  • Roche Diagnostics,
  • Bio-Rad Laboratories,
  • Danaher Corporation,
  • BioMerieux,
  • Dako,
  • Abaxis Inc.,
  • OraSure Technologies Inc.,
  • Nipro Diagnostics, among others.

Molecular Diagnostics Point of Care Market Segmentation:

Some Key Highlights in Report:

  • Another factor accountable for the dominance of this section is the rising burden of infectious disease in developed and developing countries. The biggest business segment to produce sales is PCR-based POC studies. The widespread use of PCR-based technology for PCR products for molecular diagnosis and marketing has created plenty of incentives for the growth of the segment.

For the purpose of this report, Emergen Research has segmented into the global Molecular Diagnostics Point of Care Market on the basis of Test Location, Technology, Application, End-Use, and region:

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Test Location Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • Over-the-Counter (OTC)
  • PoC

Technology Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • PCR-based
  • Genetic Sequencing-based
  • Hybridization-based
  • Microarray-based

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • Infectious Diseases
  • Oncology
  • Hematology
  • Prenatal Testing
  • Endocrinology
  • Others

End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • Decentralized Labs
  • Hospitals
  • Homecare
  • Assisted Living Healthcare Facilities
  • Others

Regional Analysis:

The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Molecular Diagnostics Point of Care Market with regards to market size, market share, and revenue. The global Molecular Diagnostics Point of Care Market, on the basis of region, has been broadly categorized into several key regions, including North America, Asia Pacific, Europe, Latin America, and Middle East Africa. The report sheds light on the presence of the global Molecular Diagnostics Point of Care Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and various other key element.

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  • North America (U.S., Canada)
  • Europe (U.K., Germany, Italy, France, Rest of EU)
  • Asia Pacific (India, Japan, China, Australia, Rest of APAC)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Global Molecular Diagnostics Point of Care Market Report – Key Takeaways:

  • The latest research report Molecular Diagnostics Point of Care Market analyses the changing competitive scenario.
  • The report carries an unbiased perspective towards the global market performance.
  • The study presents an eight-year assessment of the global market and its principal product segments.
  • Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report Molecular Diagnostics Point of Care Market in detail.
  • The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
  • The report serves as an exhaustive regional analysis of the global Molecular Diagnostics Point of Care Market, systematically presenting the business profiles of various stakeholders.
  • Furthermore, the report Molecular Diagnostics Point of Care Market provides valuable data about the critical factors influencing market progress.

Conclusion:

To summarize, the report offers an extensive outlook of the global Molecular Diagnostics Point of Care Market backed by valid key statistical facts and figures collected from verified and authentic sources. The report on the Molecular Diagnostics Point of Care Market offers a thorough investigation of the market segmentation based on types and applications. Furthermore, the report also offers an extensive assessment of the market size, share, and volume to offer the forecast estimation for the same till the year 2027 in the leading geographies of the world where the market has already established its presence.

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