About Point of Care Molecular Diagnosis
Point of Care Molecular allows a physician to make a diagnosis or rule out a diagnosis and treat a patient while they are still in the clinic. Furthermore, as compared to rapid antigen detection tests, molecular assays have shown better sensitivity, removing the need for secondary confirmation of negative results and leading to much more appropriate antibiotic administration, including the avoidance of antibiotic use for viral infections.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.77% |
The demand for POC Molecular Diagnostics is increasing with each passing day. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Point of Care Molecular Diagnosis market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Roche (Switzerland), Abbott Laboratories (United States), Biomerieux (France), Danaher (United States), Roche diagnostics (Switzerland), Meridian biosciences (United States), Quidel (United States), Sanofi (France), Merck (United States) and Johnson and Johnson (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cardea (United States), Inflammatix (United States) and Sherlock Biosciences (United States).
Segmentation Overview
AMA Research has segmented the market of Global Point of Care Molecular Diagnosis market by and Region.
On the basis of geography, the market of Point of Care Molecular Diagnosis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Physician Offices will boost the Point of Care Molecular Diagnosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Assays & Kits will boost the Point of Care Molecular Diagnosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tests, the sub-segment i.e. RT-PCR will boost the Point of Care Molecular Diagnosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rise in CLIA-Waived Molecular POC Tests
Market Growth Drivers:
Microfluidics and Other Instrumentation Technologies That Allow for the Creation of Low-Cost Platforms and Tests
Challenges:
Direct Interaction With a Patient During Specimen Collection Poses the Highest Danger
Restraints:
Time-Consuming and Stringent Government Regulations and Policies
Opportunities:
In Resource-Constrained Environments, Molecular POCT is Becoming Increasingly Beneficial
Market Leaders and their expansionary development strategies
In March 2021 Roche Released a Statement Stating the Acquisition of Genmark. The ePlex technology from GenMark provides clinicians with quick and actionable findings, allowing them to pinpoint the source of infection and the most effective therapy, potentially saving lives and reducing healthcare costs. Roche's diagnostic portfolio has been enhanced by the integration of GenMark's unique multiplex technology, which addresses a wide range of infectious disease testing needs, including respiratory and bloodstream infections.
In 2020, bioMérieux SA has partnered with the African Medical Supplies Platform (AMSP) to provide African Union member states with high-quality COVID-19 diagnostic solutions from the bioMérieux Pandemic Response Portfolio. and In 2020, Abbott Laboratories introduces the ID NOW PoC test system.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Healthcare Organization, Pharmaceutical Companies and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.