Global Point of Care (POC) Molecular Diagnostics Strategic Business Report 2023: Emphasis on Decentralized Diagnostics Presents Opportunities

Dublin, July 11, 2023 (GLOBE NEWSWIRE) -- The "Point of Care (POC) Molecular Diagnostics: Global Strategic Business Report" report has been added to'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 Attributes:

Report AttributeDetails
No. of Pages597
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$3.2 Billion
Forecasted Market Value (USD) by 2030$8.8 Billion
Compound Annual Growth Rate13.5%
Regions CoveredGlobal

Key Topics Covered:




  • 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



  • 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




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Global Market for Point of Care (POC) Molecular Diagnostics

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