Market Forecast By Applications (Tropical Disease, Liver Disease, Respiratory Disease, Sexual Disorders & Others), By Technologies (Lateral Flow, Flow-through, Agglutination Assays & Solid Phase), By End-users (Diagnostic Laboratories, Hospitals, Home-care Settings & Others), By Regions (Asia Pacific, North America, Latin America, Europe, Middle East & Africa) and competitive landscape
Product Code: ETC037252 | Publication Date: Nov 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | Infectious Disease Point-Of-Care Testing Market |
Forecast period | 2025-2031 |
CAGR | 7.8% |
Growing Sector | Infectious Disease Point-Of-Care Testing |
The Infectious Disease Point-of-Care Testing Market report thoroughly covers the market by Applications, Technologies, End-users and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Infectious Disease Point-of-Care Testing Market size is expected to see tremendous growth in the period between 2025 and 2031, with the market's approximate value expected to reach around USD 5.6 billion by 2031. This is anticipated to be fueled by increasing demands for point-of-care and easy-to-use testing devices, leading the market to see a strong compound annual growth rate (CAGR) of around 7.8% during the period 2025-2031.
Infectious Disease Point-of-Care Testing Market is experiencing rapid growth because health systems globally are increasingly giving value to quick diagnostic devices. As increasing numbers of people are getting sensitized to the importance of early diagnosis in defeating infectious diseases, such devices are taking priority in healthcare centres all across the globe. The Infectious Disease Point-of-Care Testing Market is also witnessing unprecedented growth in portable, easy-to-use devices, which enable medical professionals to efficiently perform tests at or near the point of patient care.
According to 6Wresearch, the Infectious Disease Point-of-Care Testing Market is expected to grow at a CAGR of 7.8% during the forecast period 2025-2031. The increasing growth of the Infectious Disease Point-of-Care Testing Market is boosted by many underlying factors. Improvements in technology, e.g., the inculcation of AI and machine learning in medical testing equipment, have greatly contributed towards the reliability and speed of point-of-care testing. In addition, the increasing awareness of early disease detection and control has led to greater use of these appliances in different healthcare units. Increased rates of infectious diseases, as well as greater access to healthcare in developing countries, also fuel the growth of the market.
However, the industry is faced with serious challenges that can restrain its growth. High initial expenses of sophisticated diagnostic equipment and stringent regulation can be stumbling blocks for manufacturers. Once more, the poor infrastructure in rural and distant places is a stumbling block to the invasion of such technology. Despite all these issues, the Infectious Disease Point-of-Care Testing Market is proliferating, fuelled by increased investments in R&D and the need to enhance global health outcomes.
The Infectious Disease Point-of-Care Testing Market is changing with several key trends defining its direction:
Ease of use and portability of diagnostic devices are propelling Infectious Disease Point-of-Care Testing Market Growth, particularly in resource-poor and remote settings.
Increased use of advanced technologies like IoT and AI is making point-of-care devices more accurate and effective.
Expansion of healthcare infrastructure in emerging markets is driving the Infectious Disease Point-of-Care Testing Market.
Infectious Disease Point-of-Care Testing Market is growing at a fast pace with several profitable investment opportunities. As technology continues to develop and grow worldwide demand for a successful diagnosis, this market has enormous growth potential. The major opportunities are:
Leading Players in the Infectious Disease Point-of-Care Testing Market
Infectious Disease Point-of-Care Testing Market is greatly influenced by key players who are developing technology and getting it to the world. Some of the prominent companies are:
Government regulations have a considerable influence on the Infectious Disease Point-of-Care Testing Devices Industry. Organizations like the United States FDA and the European Medicines Agency (EMA) have stringent regulations on safety, precision, and quality before the approval of medical devices for sale. These regulations not only ensure public health but also encourage innovation by offering a systematic approach for manufacturers to adhere to. Moreover, international standards and certifications, like ISO 13485, promote homogeneity and consistency across markets worldwide. Government-sponsored healthcare systems in countries could also drive market expansion with financing and payment strategies encouraging access to high-end testing technology. Adherence to such policies will also be essential for manufacturers wanting broader coverage, seeing products gain steady and quality performance and addressing the ever-changing challenge of infectious disease diagnosis globally.
The outlook for the Infectious Disease Point-of-Care Testing Market is positively driven by continuous development in diagnostic tools and rising demands for rapid and precise testing solutions. Growth is expected to come largely from emerging markets, with improved healthcare infrastructure and rising awareness of infectious disease control fueling adoption. Technological advancements in biosensors, molecular diagnostics, and analytical methods using artificial intelligence will continue to expand the uses of these appliances to deliver quicker and more precise results. Portable and simple-to-use devices to deploy in remote or limited-resource locations will also aid in supporting market penetration. In addition, the Infectious Disease Point-of-Care Testing Market is expected to grow exponentially with increasing rates of global outbreaks and private and public healthcare infrastructure investments.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Lateral flow technology is expected to dominate the Infectious Disease Point-of-Care Testing Market Share due to its simplicity, low cost, and versatility thereby being highly appropriate for point-of-care testing. Technology in lateral flow assays has improved the sensitivity and accuracy of such tests and they are capable of providing quick results for many infectious diseases, especially in low-resource settings.
Hospitals will be the market leaders by end-users, as they continue to be the main place for infectious disease diagnosis and treatment. Due to the ability to make use of specialized professionals and sophisticated facilities, hospitals are in a better position to make optimal use of point-of-care testing equipment and offer timely and accurate diagnoses on a large scale.
According to Ravi Bhandari, Research Head, 6Wresearch, the Asia Pacific region will most probably dominate the market due to its huge population base, rising health expenditure, and high incidence of many infectious diseases. Government initiatives supporting the growth of healthcare infrastructure and the rising deployment in the region of technologically advanced diagnostic equipment further entrench its dominance.
The market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Infectious Disease Point-of-care Testing Market Overview |
3.1. Global Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
3.2. Global Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
3.3. Global Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
3.4. Global Infectious Disease Point-of-care Testing Market Revenue Share, By End Users, 2021 & 2031F |
3.5. Global Infectious Disease Point-of-care Testing Market Revenue Share, By Regions, 2021 & 2031F |
3.6. Global Infectious Disease Point-of-care Testing Market Industry Life Cycle |
3.7. Global Infectious Disease Point-of-care Testing Market- Porter’s Five Forces |
4. Global Infectious Disease Point-of-care Testing Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Infectious Disease Point-of-care Testing Market Trends |
6. Global Infectious Disease Point-of-care Testing Market Overview, By Applications |
6.1. Global Infectious Disease Point-of-care Testing Market Revenues, By Tropical Disease, 2021-2031F |
6.2. Global Infectious Disease Point-of-care Testing Market Revenues, By Respiratory Disease, 2021-2031F |
6.3. Global Infectious Disease Point-of-care Testing Market Revenues, By Liver Disease, 2021-2031F |
6.4. Global Infectious Disease Point-of-care Testing Market Revenues, By Sexual Disorders, 2021-2031F |
6.5. Global Infectious Disease Point-of-care Testing Market Revenues, By Others, 2021-2031F |
7. Global Infectious Disease Point-of-care Testing Market Overview, By Technology |
7.1. Global Infectious Disease Point-of-care Testing Market Revenues, By Lateral Flow, 2021-2031F |
7.2. Global Infectious Disease Point-of-care Testing Market Revenues, By Flow-through, 2021-2031F |
7.3. Global Infectious Disease Point-of-care Testing Market Revenues, By Agglutination Assays, 2021-2031F |
7.4. Global Infectious Disease Point-of-care Testing Market Revenues, By Solid Phase, 2021-2031F |
8. Global Infectious Disease Point-of-care Testing Market Overview, By End-users |
8.1. Global Infectious Disease Point-of-care Testing Market Revenues, By Diagnostic Laboratories, 2021-2031F |
8.2. Global Infectious Disease Point-of-care Testing Market Revenues, By Hospitals, 2021-2031F |
8.3. Global Infectious Disease Point-of-care Testing Market Revenues, By Home-care Settings, 2021-2031F |
8.4. Global Infectious Disease Point-of-care Testing Market Revenues, By Others, 2021-2031F |
9. Asia Pacific Infectious Disease Point-of-care Testing Market Overview |
9.1. Asia Pacific Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
9.2. Asia Pacific Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
9.3. Asia Pacific Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
9.4. Asia Pacific Infectious Disease Point-of-care Testing Market Revenue Share, By End-users, 2021 & 2031F |
9.5. Asia Pacific Infectious Disease Point-of-care Testing Market Revenue Share, By Countries, 2021 & 2031F |
10. North America Infectious Disease Point-of-care Testing Market Overview |
10.1. North America Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
10.2. North America Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
10.3. North America Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
10.4. North America Infectious Disease Point-of-care Testing Market Revenue Share, By End-users, 2021 & 2031F |
10.5. North America Infectious Disease Point-of-care Testing Market Revenue Share, By Countries, 2021 & 2031F |
11. Latin America Infectious Disease Point-of-care Testing Market Overview |
11.1. Latin America Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
11.2. Latin America Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
11.3. Latin America Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
11.4. Latin America Infectious Disease Point-of-care Testing Market Revenue Share, By End-users, 2021 & 2031F |
11.5. Latin America Infectious Disease Point-of-care Testing Market Revenue Share, By Countries, 2021 & 2031F |
12. Europe Infectious Disease Point-of-care Testing Market Overview |
12.1. Europe Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
12.2. Europe Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
12.3. Europe Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
12.4. Europe Infectious Disease Point-of-care Testing Market Revenue Share, By End-users, 2021 & 2031F |
12.5. Europe Infectious Disease Point-of-care Testing Market Revenue Share, By Countries, 2021 & 2031F |
13. Middle East Infectious Disease Point-of-care Testing Market Overview |
13.1. Middle East Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
13.2. Middle East Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
13.3. Middle East Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
13.4. Middle East Infectious Disease Point-of-care Testing Market Revenue Share, By End-users, 2021 & 2031F |
13.5. Middle East Infectious Disease Point-of-care Testing Market Revenue Share, By Countries, 2021 & 2031F |
14. Africa Infectious Disease Point-of-care Testing Market Overview |
14.1. Africa Infectious Disease Point-of-care Testing Market Revenues, 2021-2031F |
14.2. Africa Infectious Disease Point-of-care Testing Market Revenue Share, By Applications, 2021 & 2031F |
14.3. Africa Infectious Disease Point-of-care Testing Market Revenue Share, By Technology, 2021 & 2031F |
14.4. Africa Infectious Disease Point-of-care Testing Market Revenue Share, By End-users, 2021 & 2031F |
14.5. Africa Infectious Disease Point-of-care Testing Market Revenue Share, By Countries, 2021 & 2031F |
15. Global Infectious Disease Point-of-care Testing Market Competitive Landscape |
15.1. Global Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
15.2. Asia Pacific Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
15.3. North America Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
15.4. Latin America Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
15.5. Europe Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
15.7. Middle East Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
15.8. Africa Infectious Disease Point-of-care Testing Market, By Companies, 2021 |
16. Company Profiles |
17. Key Strategic Recommendations |