Global Point-of-Care or Rapid Testing market cagr 9.7%

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Point-of-Care or Rapid Testing Market

Point-of-Care or Rapid Testing Market Scope:

Industry Analysis, Market Size, Growth, Trends Till

2031

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Point-of-Care or Rapid Testing Market Size and Growth

The Point-of-Care or Rapid Testing market is experiencing substantial growth, driven by increased demand for quick diagnostics, especially in infectious diseases. As of 2023, the market size is estimated to exceed $24 billion, with projections suggesting a compound annual growth rate (CAGR) of around 10% over the next five years. Request Sample Report

Companies Covered

(Covid 19 Impact Covered)

◍ Roche

◍ Abbott

◍ Johnson & Johnson

◍ Siemens Healthcare

◍ Danaher

◍ Ascensia

◍ Bio-Rad Laboratories

◍ BioMerieux

◍ ARKRAY

◍ Nova Biomedical

◍ Trividia Health

◍ Quidel

◍ Accriva

◍ OraSure Technologies

◍ Helena Laboratories

◍ A. Menarini Diagnostics

◍ Abaxis (Zoetis)

◍ Ortho Clinical Diagnostics

The Point-of-Care testing market features major players like Roche, Abbott, and Johnson & Johnson, leveraging innovations in diagnostics to enhance healthcare access. These companies provide rapid tests for various conditions, driving market growth through strategic partnerships and product development. Revenue estimates include:

- Roche: ~$14 billion (2021)

- Abbott: ~$43 billion (2022)

- Siemens Healthcare: ~$20 billion (2022)

- Danaher: ~$31 billion (2022)

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Market Segmentation

By Application

Clinics

Hospitals ◍ Laboratory

Others

By Product

◍ Blood Glucose Testing

◍ Infectious Diseases Testing

◍ Cardiac Markers Testing

◍ Coagulation Testing

◍ Pregnancy and Fertility Testing

◍ Blood Gas/Electrolytes Testing ◍ Urinalysis Testing ◍ Others

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Market Growth

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$ X Billion USD

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