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POC Molecular Diagnostics Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-11 

POC Molecular Diagnostics Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Point-of-care molecular diagnostics market size is expected to gain major traction over 2019-2025 owing to growing prevalence of infectious diseases coupled with development of innovative technologies for early detection of infectious diseases.

The global reach of emerging infectious diseases as well as related death incidents is expanding at a faster pace. For instance, infectious diseases account for more than 13 million deaths annually among adults and children, out of which, most death cases from infectious diseases are registered in developing countries, which account for half of all deaths.

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As per Global Market Insights, Inc. estimates, point-of care molecular diagnostics market size is projected to surpass $2.5 billion by 2025. 

According to WHO estimates, the three infectious diseases that ranked in the top ten causes of death worldwide were lower respiratory infections, accounting for 3 million deaths, diarrheal diseases, accounting for 1.4 million deaths, and tuberculosis accounting for 1.3 million deaths.

Previously, HIV AIDS, which was on the list, has dropped dramatically, but is still a leading cause of death in low income countries. Malaria is another major infectious disease that accounts for a top cause of death in low income countries.

Despite the global effort to control the AIDS epidemic, it continues to spread across many parts of the world. As per WHO, around 33 million people are still inhibiting HIV infection worldwide. However, testing at the point-of-care center has resulted in drastic increase in the number of individuals who are getting screened and receiving rapid actionable information.

With growing awareness among masses, PoC molecular diagnosis market share is escalating. For instance, in 2018, Hepatitis B segment of point-of-care molecular diagnostics market was valued $110 million.

Infectious and disease-related R&D activities are gaining traction. Governments and other organizations are spreading awareness regarding infectious diseases. For instance, in 2015, the first list of high-importance infectious diseases was developed and published by WHO. The list has been constantly updated since then to respond to changing regional and global health conditions, as well as geopolitical factors.

In 2018, the list included high consequence pathogens such as Ebola, Crimean-Congo Hemorrhagic Fever, Lassa fever, Rift Valley fever, Nipah and Zika, acknowledged as pathogens that can lead to a serious international epidemic. Increasing R&D activities coupled with government spending on infectious disease diagnosis and treatment is projected to fuel point-of-care molecular diagnostics market.

Increasing urbanization along with expansion of urban slums that lack clean water and proper sanitation are a breeding grounds for infections. Most cities in developing countries expand at the expense of untouched lands, thereby disturbing natural habitats and hence bringing humans into intimate contact with the unknown, possibly dangerous micro-organisms and infections. Such human ventures have brought mankind in contact with viruses like Ebola, HIV, etc.

Infectious disease is the major cause of morbidity and mortality worldwide, but in underdeveloped economies, it is wreaking havoc. Limited infrastructure for disease diagnosis and treatment is a major driver of point-of-care molecular diagnostics market. Moreover, the potential use in resource-limited settings has provided impetus to build on existing technologies and to develop new technologies for the diagnosis of infectious diseases to prevent mortality.

Currently, point-of-care or near-patient diagnostics are being expansively commercialized for use in settings where timing is critical or resources are limited (in developing countries), medical facilities are distant or non-existent.

The POC/NP approach deliver prompt treatments while significantly reducing expenditures in medical care and are therefore anticipated to witness exponential growth over the forecast timeline.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/point-of-care-poc-molecular-diagnostics-market

Partial Chapter of the Table of Content 

Chapter 3. Point-of-Care (PoC) Molecular Diagnostics Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers Increasing incidences of infectious diseases Growing awareness about pre-disease diagnostics to control occurrence of diseases Technological advancements in DNA sequencing and analysis Increasing R&D activities in drug discovery

3.3.2. Industry pitfalls & challenges Long product development time Complex regulatory process

3.4. Growth potential analysis

3.4.1. By technology

3.4.2. By infectious disease

3.5. Technology landscape

3.6. All in one diagnostics solutions overview

3.7. Porter's analysis

3.8. Competitive landscape, 2018

3.8.1. Strategy dashboard

3.9. PESTEL analysis

Chapter 4. Point-of-Care (PoC) Molecular Diagnostics Market, By Technology

4.1. Key trends

4.2. PCR (Polymerase Chain Reaction)

4.2.1. Market size, by region, 2014 - 2025, (USD Million)

4.2.2. Real time PCR Market size, by region, 2014 - 2025, (USD Million)

4.2.3. DNA/RNA purification Market size, by region, 2014 - 2025, (USD Million)

4.3. In Situ Hybridization

4.3.1. Market size, by region, 2014 - 2025, (USD Million)

4.4. Chips and microarrays

4.4.1. Market size, by region, 2014 - 2025, (USD Million)

4.5. Mass spectrometry

4.5.1. Market size, by region, 2014 - 2025, (USD Million)

4.6. Sequencing

4.6.1. Market size, by region, 2014 - 2025, (USD Million)

4.7. Isothermal amplification

4.7.1. Market size, by region, 2014 - 2025, (USD Million) 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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