The Europe Point-of-Care (POC) Diagnostics Market was valued at 8,948.81 million in 2021 and is projected to reach 8,948.81 million in 2021 and is projected to reach 20,207.60 million by 2028, growing at a CAGR of 12.3% during the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00023727
Key Market Segments
In terms of product, the glucose monitoring products segment accounted for the largest share of the Europe point of care diagnostics market in 2020. In terms of prescription mode, the prescription-based testing segment held a larger market share of the Europe point of care diagnostics market in 2020. Further, the professional diagnostic centers segment held a larger share of the Europe point of care diagnostics market based on end user in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe point of care diagnostics market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Abbott; BD; bioMerieux SA; BIO-RAD LABORATORIES INC.; Danaher; F. HOFFMANN-LA ROCHE LTD.; Johnson and Johnson Services, Inc.; Nova Biomedical; Polymer Technology Systems, Inc. (PTS); and Siemens AG.
Reasons to buy report
To understand the Europe point of care diagnostics market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe point of care diagnostics market
Efficiently plan M&A and partnership deals in Europe point of care diagnostics market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe point of care diagnostics market
Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Point of Care Diagnostics Strategic Insights
Strategic insights for the Europe Point of Care Diagnostics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Key Growth Drivers
- Expanding Use of Home-Based POC Devices
- Rising awareness about convenient and rapid testing is driving adoption in home settings.
- Clinicians recognize POC testing as critical for early detection of life-threatening conditions due to real-time results.
- Increasing integration of smartphone-based diagnostics (imaging, sensing, and analytics) is enhancing accessibility.
- Aging Population & Chronic Disease Burden
- Europe’s growing geriatric population is leading to higher demand for frequent diagnostic testing (e.g., diabetes, cardiovascular diseases, cancer).
- Older adults require continuous monitoring due to weakened immunity and metabolic disorders, boosting POC adoption.
- Technological Advancements & Multipurpose Devices
- Traditional glucose meters are being repurposed for immunoassays, molecular diagnostics, and enzymatic tests.
- Portable and connected POC devices enable remote patient monitoring, improving chronic disease management.
- Expansion in Low- and Middle-Income Settings
- POC diagnostics are becoming essential in resource-limited areas, reducing dependency on centralized labs.
- Cost-effective, rapid-testing solutions are gaining traction in primary care and emergency settings.
Europe Point of Care Diagnostics Regional Insights
The geographic scope of the Europe Point of Care Diagnostics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Opportunities
- Digital Health Integration: AI-powered diagnostics and cloud-based POC data management are emerging trends.
- Non-Invasive & Wearable POC Devices: Increasing demand for continuous glucose monitors (CGMs) and cardiac biomarkers.
- Infectious Disease Testing: Post-pandemic, rapid flu, HIV, and respiratory infection tests are in high demand.
Challenges
- Regulatory Hurdles: Strict EU IVDR (In Vitro Diagnostic Regulation) compliance requirements may slow product approvals.
- Accuracy & Reliability Concerns: Some POC tests face skepticism compared to lab-based diagnostics.
Conclusion
The Europe POC diagnostics market is set for strong growth, driven by home healthcare trends, an aging population, and technological innovations. The shift toward decentralized, patient-centric testing will continue to propel market expansion, with smartphone-linked diagnostics and AI-driven solutions shaping the future of POC testing.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
