Get 20% Off Market Intelligence Reports With Code ONLINE20 – Track Global Tariffs, Economic Shifts, and Sector Transformations
How Is the Point-of-Care Technology Market Expected to Expand in Terms of Size and Growth?
The point-of-care technology market size has grown strongly in recent years. It will grow from $39.33 billion in 2024 to $43.21 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to growing decentralization of healthcare delivery, increasing urgency for real-time diagnosis in emergencies, expanding demand for rapid infection screening, rising deployment of mobile testing units, and accelerating focus on cost-effective diagnostic workflows.
The point-of-care technology market size is expected to see strong growth in the next few years. It will grow to $62.16 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising telemedicine platforms, growing emphasis on personalized and predictive care, expanding use in home-based health monitoring, and increasing government initiatives for decentralized testing. Major trends in the forecast period include advancement in artificial intelligence-powered diagnostic algorithms, development of portable multiplex testing devices, innovation in wearable health monitoring tools, advancement in cloud-based data integration, and development of home-based telehealth ecosystems.
Claim your free report sample now:
What Are the Key Growth Factors Supporting the Point-of-Care Technology Market Expansion?
The growing prevalence of chronic illnesses is expected to propel the growth of the point-of-care technology market going forward. Chronic illnesses are persistent health conditions that last for an extended period and typically need continuous care and lifestyle adjustments. Chronic illnesses are increasing due to inactive lifestyles, as prolonged sitting and minimal physical activity raise the risk of diseases such as heart conditions and diabetes. Point-of-care technology helps manage chronic illnesses by offering rapid, on-site diagnostic testing, making it ideal for clinics, homes, and remote care settings. It reduces delays in treatment by providing real-time results, improving patient monitoring, and overall healthcare convenience. For instance, in June 2024, according to the National Health Service, a UK-based government department, 3,615,330 individuals registered with a general practitioner (GP) were diagnosed with non-diabetic hyperglycemia or pre-diabetes in 2023, marking an 18% increase from 3,065,825 cases in 2022. Therefore, the growing prevalence of chronic illnesses is driving the growth of the point-of-care technology market.
Which Segments Are Attracting Maximum Investment in the Point-of-Care Technology Market?
The point-of-care technology market covered in this report is segmented
1) By Product Type: Diagnostics Devices, Monitoring Devices, Therapeutic Devices, Data Management Systems
2) By Ownership Model: Standalone Solutions, Integrated Solutions, Cloud-Based Solutions
3) By Technology: Microfluidics, Polymerase Chain Reaction (PCR), Immunoassays
4) By Application: Infectious Disease Testing, Glucose Monitoring, Cardiometabolic Monitoring, Pregnancy And Fertility Testing, Other Applications
5) By End-User: Hospitals, Clinics, Homecare Settings, Ambulatory Surgical Centers
Subsegments:
1) By Diagnostics Devices: Blood Glucose Monitoring Devices, Infectious Disease Testing Devices, Cardiac Marker Testing Devices, Coagulation Testing Devices, Pregnancy And Fertility Testing Devices, Urinalysis Testing Devices, Hematology Testing Devices, Cholesterol Testing Devices
2) By Monitoring Devices: Vital Signs Monitoring Devices, Continuous Glucose Monitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices
3) By Therapeutic Devices: Insulin Delivery Devices, Nebulizers, Dialysis Machines, Infusion Pumps
4) By Data Management Systems: Point Of Care (POC) Data Integration Systems, Point Of Care (POC) Middleware Solutions, Point Of Care (POC) Data Analytics Platforms
What Are the Key Trends Shaping the Point-of-Care Technology Market?
Major companies operating in the point-of-care technology market are focusing on developing technologically advanced solutions, AI-powered diagnostic platforms, to improve accuracy, speed, and accessibility in disease detection. AI-powered diagnostic platforms refer to cutting-edge systems that leverage artificial intelligence to analyze medical data rapidly, enabling real-time, on-site testing for critical conditions such as cancer. For instance, in February 2025, Avitia Inc., a Canada-based point-of-care diagnostics company, launched an AI-powered platform designed for rapid and point-of-care cancer testing. The platform integrates machine learning algorithms with portable diagnostic devices, allowing healthcare providers to deliver fast, precise cancer screening outside traditional lab settings. This innovation reduces turnaround times, enhances early detection, and minimizes the need for complex infrastructure, making advanced diagnostics more accessible in remote or underserved areas.
Which Major Companies Are Operating in the Point-of-Care Technology Market?
Major companies operating in the point-of-care technology market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Hologic Inc., bioMérieux SA, Quidel Corporation, Sysmex Corporation, Cepheid Inc., Radiometer Medical ApS, Nova Biomedical, Sekisui Diagnostics LLC, Abaxis Inc., BHR Biosynex, EKF Diagnostics Holdings plc, Acon Laboratories Inc., Trinity Biotech plc, Chembio Diagnostics Inc., Arkray Inc., Orchard Software Corporation, Point of Care Biomedical Private Limited.
Get the full point-of-care technology market report here:
How Is Regional Performance Expected to Affect Point-of-Care Technology Market Growth?
North America was the largest region in the point-of-care technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point-of-care technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
Comments
Post a Comment