Global Point-of-care Testing Growth Opportunities

Global Point-of-care Testing Growth Opportunities

Molecular POCT Unlocking Growth Potential in the Distributed Diagnostic Data Ecosystem

RELEASE DATE
15-Nov-2023
REGION
North America
Deliverable Type
Market Research
Research Code: K973-01-00-00-00
SKU: HC_2023_319
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$4,950.00
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SKU
HC_2023_319

Global Point-of-care Testing Growth Opportunities
Published on: 15-Nov-2023 | SKU: HC_2023_319

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This study provides an overview of the global point-of-care testing (POCT) industry, which refers to any routine or specialized lab pathology
testing conducted rapidly, on-site/near the site of the patient, where care or treatment is provided. COVID-19 radicalization is changing the global diagnostics landscape. Consolidation trends, structural shifts in healthcare settings, and the extension of POCT to sexually transmitted infections (STIs), antimicrobial resistance (AMR), routine testing, oncology, and newborn screening are shaping new frontiers. In the future, therapy areas such as oncology, stroke, and dementia will represent the POCT repertoire.

In developed economies, the proliferation of syndromic testing, multiplexing making inroads in immunoassay, evolution in nucleic acid
amplification technology (from PCR to Isothermal Amplification), the use of saliva specimens, and advancements in antimicrobial resistance
testing are increasing the market viability. Furthermore, AI/ML-enabled device software functions incorporating predetermined change control
plans under the diagnostic data program initiative offer accelerated market opportunities in the United States.

In developing economies, multiparametric platforms have emerged to respond to an escalating POC demand in emergency departments and
small-medium labs. In addition, a strong pull toward preventive health is laying the foundation to advance routine testing using emerging blood testing platforms.

A robust multiplex ecosystem tied with the converging potential of diagnostic data creating new revenue streams (e.g., connectivity and digital healthcare technology services) exemplifies the pivot from COVID-19 testing, adapting to changing clinical pathways and greater harmonization
of lab-based and non-lab-based diagnostic data for similar tests to build a more sustainable point-of-care ecosystem.

Author: Amartya Bose

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Point-of-care Testing (POCT) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Scope of Analysis (continued)

Segmentation—Test Type

Segmentation—Care Continuum

Key Competitors

Growth Metrics

Growth Drivers

Growth Drivers (continued)

Growth Restraints

Growth Restraints (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Test Type

Revenue Forecast by Region

Revenue Forecast by Care Continuum

Forecast Analysis

Forecast Analysis (continued)

Forecast Analysis (continued)

Forecast Analysis (continued)

Forecast Analysis (continued)

Forecast Analysis (continued)

Pricing Trends and Forecast Analysis

Competitive Environment

POCT Across Different Therapy Areas

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Revenue Share Analysis (continued)

Revenue Share Analysis (continued)

Competitor Matrix—Therapy Areas

Competitor Matrix—Technology Mapping

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Immunochemistry POCT

Forecast Analysis

Forecast Analysis (continued)

Forecast Analysis (continued)

Forecast Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Molecular POCT Therapy Areas

Forecast Analysis

Forecast Analysis (continued)

Forecast Analysis (continued)

Forecast Analysis (continued)

Growth Opportunity 1: Molecular POCT

Growth Opportunity 1: Molecular POCT (continued)

Growth Opportunity 2: Multiplexing

Growth Opportunity 2: Multiplexing (continued)

Growth Opportunity 3: STI POCT

Growth Opportunity 3: STI POCT (continued)

Growth Opportunity 4: AMR POCT

Growth Opportunity 4: AMR POCT (continued)

Growth Opportunity 5: Routine POCT

Growth Opportunity 5: Routine POCT (continued)

Growth Opportunity 6: Smartphone POCT

Growth Opportunity 6: Smartphone POCT (continued)

Future of POCT in Care Continuum

Your Next Steps

Why Frost, Why Now?

List of Exhibits

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This study provides an overview of the global point-of-care testing (POCT) industry, which refers to any routine or specialized lab pathology testing conducted rapidly, on-site/near the site of the patient, where care or treatment is provided. COVID-19 radicalization is changing the global diagnostics landscape. Consolidation trends, structural shifts in healthcare settings, and the extension of POCT to sexually transmitted infections (STIs), antimicrobial resistance (AMR), routine testing, oncology, and newborn screening are shaping new frontiers. In the future, therapy areas such as oncology, stroke, and dementia will represent the POCT repertoire. In developed economies, the proliferation of syndromic testing, multiplexing making inroads in immunoassay, evolution in nucleic acid amplification technology (from PCR to Isothermal Amplification), the use of saliva specimens, and advancements in antimicrobial resistance testing are increasing the market viability. Furthermore, AI/ML-enabled device software functions incorporating predetermined change control plans under the diagnostic data program initiative offer accelerated market opportunities in the United States. In developing economies, multiparametric platforms have emerged to respond to an escalating POC demand in emergency departments and small-medium labs. In addition, a strong pull toward preventive health is laying the foundation to advance routine testing using emerging blood testing platforms. A robust multiplex ecosystem tied with the converging potential of diagnostic data creating new revenue streams (e.g., connectivity and digital healthcare technology services) exemplifies the pivot from COVID-19 testing, adapting to changing clinical pathways and greater harmonization of lab-based and non-lab-based diagnostic data for similar tests to build a more sustainable point-of-care ecosystem. Author: Amartya Bose
More Information
Deliverable Type Market Research
Author Amartya Bose
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 Point Of Care Molecular Diagnostics
Keyword 2 Poc Testing Trends
Keyword 3 Point-Of-Care Testing Insights
Podcast No
WIP Number K973-01-00-00-00