Near-Patient Molecular Solutions Market – Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2022 to 2032
Throughout the projected period, the near-patient molecular solutions market is anticipated to grow at an impressive CAGR of 8%. By 2033, the market is expected to be worth US$ 7.56 billion, up from US$ 3.5 billion in 2023, according to FMI.
Point of care testing has extensive application base that
includes, oncology, hematology, endocrinology, prenatal testing and near
patient testing in infectious disease management. Most substantial progress
have taken place in the fields of oncology point of care molecular tests and
infectious diseases.Rapid flu testing is a leading application for point of
care platforms.
Near-Patient
Molecular Solutions Market: Drivers and Restraints
Factors, such as the increasing incidences of diseases such as
cardiac diseases and diabetes in developing countries, increase in the usage of
home-based point of care devices, and advancement in technology with demand for
development of faster and easy to use devices are energizing the point of care
diagnostic market.
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Rising demand for home healthcare facility and the increment in
population of elderly patients with multiple chronic conditions is expected to
drive point of care diagnostics market over the forecast period. In light of
the many factors increasing the demand for point of care diagnosis,
manufacturing companies are pushing the envelope to make point of care devices
faster, easier, and more reliable. Shortage of skilled-staff, especially in the
field of diagnostics, are expected to restrain the market growth for point of
care diagnostic.
Near-Patient
Molecular Solutions Market: Overview
Although the market of near patient diagnostic is less, but it
is expected to grow over forecast period according to new healthcare analysis.
It has been observed that near patient molecular solutions have witnessed
higher penetration in medical system market though they facilitate better
antimicrobial treatment.
Point of care products for diagnosis of tuberculosis (TB), human
immunodeficiency virus (HIV), hepatitis, malaria and other infectious diseases
are supposed to achieve substantial growth in emerging markets. Manycompanies
are developing molecular diagnostic platforms and assays that are designed to
for near-patient. The initial focus of most of the medical devices companies is
on infectious disease testing.
Near-Patient
Molecular Solutions Market: Regional Overview
Region wise, the global near patient molecular solution market
is classified into regions namely, North America, Latin America, Western
Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North
America dominated the global market for near patient molecular solution due to
good reimbursement policies for diagnostic procedures and number of clinical
studies investigating the efficiency.
After North America this market is followed by Europe due to
increase demand for near patient testing growth over. Asia Pacific region is
expected to perceive a significantly faster growth over the forecast period due
to a lower availability of hi-tech central laboratory testing
facilities.Increasing number of local players providing near patient testing in
countries such as China is expected to boost the market growth in APEJ region.
Near-Patient
Molecular Solutions Market: Key Players
Some of the key players in the market of near patient molecular
solution are Abbott Laboratories, Inc. Roche Diagnostics Limited, Siemens AG,
Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson,
Alere Inc., PTS Diagnostics and Nova Biomedical. Other prominent player in near
patient molecular solution market are Bayer Healthcare, BioMerieux, Bio-Rad
Laboratories, Cepheid, Danaher Corporation.
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The
report covers exhaustive analysis on
·
Market Segments
·
Market Dynamics
·
Market Size
·
Supply & Demand
·
Current Trends/Issues/Challenges
·
Competition & Companies involved
·
Technology
·
Value Chain
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