Point of Care Infectious Disease Testing market projected to reach USD 5.9 billion by 2032.
From GlobeNewswire: 2024-12-03 08:17:00
The point of care infectious disease testing market was valued at USD 3.2 billion in 2023, with a projected CAGR of 6.9% from 2024 to 2032. Factors driving growth include the global burden of infectious diseases, technological advancements, and demand for rapid diagnostic solutions for diseases like influenza, HIV, and tuberculosis.
Technological innovations like device miniaturization and rapid molecular testing are driving the adoption of point of care infectious disease testing. These advancements improve portability, accuracy, and speed of diagnostics, making them valuable in remote settings. On-the-spot results are favored by healthcare providers and patients for efficient patient management and better health outcomes.
The global healthcare industry’s focus on early detection and rapid treatment is fueling the growth of the point of care infectious disease testing market. This growth is supported by efforts to improve healthcare access in underserved regions and ongoing investments in research and development. Major players in the market include Abbott Laboratories, Becton, Dickinson and Company, and Roche.
The industry insights report on point of care infectious disease testing addresses industry ecosystem analysis, growth drivers, pitfalls, regulatory landscape, and future market trends. With a strong emphasis on technological advancements and demand for quick diagnostics, the market is poised for continued expansion in the coming years.
Global Market Insights Inc. is a market research and consulting service provider offering syndicated and custom research reports. Their reports provide actionable market data for industries like chemicals, technology, and biotechnology, aiding strategic decision making. With a focus on growth consulting services, they offer insights designed to drive business success.
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