Point of Care Blood Testing Devices Market Outlook (2022 to 2032)

The point of care blood testing devices market is forecasted to be valued at USD 49,973.6 million by 2032, up from USD 15,362.4 million in 2022, advancing at a CAGR of 11.3% during the forecast period.

Report Attribute Details
Point of Care Blood Testing Devices Market Value (2022) USD 15,362.4 Million
Point of Care Blood Testing Devices Market Anticipated Value (2032) USD 49,973.6 Million
Point of Care Blood Testing Devices Projected Growth Rate (2022 to 2032) 11.3%

There is a drastic increase in the number of people who are opting for self-medication practices, which is likely to boost the sales of point of care testing devices. The demand for point of care blood testing devices is increasing as they are easy to handle and are being used to perform various blood testing devices. They are getting being used to obtain diagnostic tests like blood metabolites, hormone blood tests, protein tests, prothrombin tests, and more.

Therefore, it is anticipated that the point of care blood testing devices market share is likely to witness significant growth during the forecast period of 2022 to 2032.

What are the Key Point of Care Blood Testing Devices Market Dynamics?

The demand for point of care blood testing devices is anticipated to rise as the changing lifestyle of the people has made the population go vigilant about their lifestyle diseases. Due to this, people prefer having the tests done in their household, without the hassle of visiting the diagnostic centres, boosting the sales of point of care blood testing devices.

Due to rising demand for portable monitoring devices, the point of care blood testing devices market share is projected to rise rapidly throughout 2032.

The adoption of point of care blood testing devices especially in the population with chronic conditions is contributing to the growth of the point of care blood testing devices market size.

Moreover, it is anticipated that there is an increased awareness among the population regarding diabetes in adults and children. Therefore, the key drivers boosting the sales of point of care blood testing devices are the increasing incidence of diabetes and different types of medical tests.

Furthermore, technological advances and recent trends in point of care blood testing devices market like point of care blood testing analyser and point of care diabetes analyzers are expected to foster the point of care blood testing devices market expansion.

A significant increase in infectious diseases contributes to the rise in demand for point of care blood testing devices, aiding towards a faster cure, and growing advantages of convenience like portability, transportable test kits, high accuracy levels, and availability of quicker results are likely to drive the point of care blood testing devices market outlook in a positive direction.

Initiatives by government and research grants extended in the developing countries are also to fuel the market and serve as a key driver propelling the sales of point of care blood testing devices during the forecast period.

What are the Driving Challenges in the Point of Care Blood Testing Devices Market?

Although the point of care blood testing devices can be used at a range of locations like emergency departments, healthcare practitioners’ offices, ambulances, accident scenes, emergency departments, and more, a lack of expertise, knowledge, and experience in using these technologies can act as a restraint to the point of care blood testing devices market growth. Furthermore, a high cost of product development is anticipated to slow down the overall expansion of the point of care blood testing devices market.

Depending on the type and nature of the sample or test, the product design needs to consider numerous areas of engineering application and technology. Hence, leads to an integration of the cartridge with the instrument for testing requiring a higher degree of coupling between the two components. This is noted to increase the overall product development cost, thereby impeding the industry landscape.

Moreover, the biomolecules used in developing POC tests are complex in nature and are expensive, which in turn, are anticipated to hamper the point of care blood testing devices market growth.

Regional Analysis

How is the Performance of the North America Point of Care Blood Testing Devices Market?

It is anticipated that North America is going to lead the market for point of care blood testing devices. Currently, the North American region contributes 33.4% of the total share of point of care blood testing devices market.

Due to the increasing rate of mortality caused by diabetes in this region and changes in the lifestyle habits people are inclining more toward the adoption of point of care blood testing devices. These factors coupled with an ageing population are expected to boost the market size of point of care blood testing devices over the analysis period.

What is the Growth Outlook for the Europe Point of Care Blood Testing Devices Market?

The European market share is expected to follow the North American regions. Currently, Europe is accountable for 29.4% of the total market share of point of care blood testing devices.

The business landscape in Europe is driven by the expansion of the hospital industry, diagnostic centers, research laboratories and homecare settings in this region. Due to high incidence and prevalence of chronic diseases, there is a surge in the number of hospitalized patients, which is bolstering the market growth of point of care blood testing devices in Europe.

Start-up Ecosystem

How are New Entrants Revolutionizing the Point of Care Blood Testing Devices Market?

The start-up ecosystem in the point of care blood testing market is intense with frequent innovations being made. Start-ups in the point of care blood testing market are focusing on improvising the devices and techniques of blood testing for faster results and convenience for the patients.

The US-based start-up Hememics develops a point of care platform to rapidly identify infectious disease pathogens. The platform uses a single nasal swab or a drop of blood to test and measure specific antibody and antigen signals. The entire testing process takes under 60 seconds, tests for up to 17 different pathogens, and provides real-time diagnostics to healthcare workers and alerts for health agencies.

Indian start-up Docturnal specializes in the development of a non-invasive point of care diagnostic solution. The low-cost and non-invasive solution uses AI and deep learning for the early and proactive detection of TB biomarkers and symptoms.

Singaporean start-up Biosensorix focuses on the development of low-cost and effective point of care blood testing solutions. The start-up’s immune assay-based platform, ELLI, detects biomarkers and pathogens.

Competitive Landscape

Who are the Key Players in the Point of Care Blood Testing Devices Market?

Some of the major players in the point of care blood devices testing market are: Abaxis, Abbott Laboratories, Accubiotech Co, Ltd., ACON Laboratories, Inc, Becton, Dickinson and Company, Biolytical Laboratories, Danaher Corporation (HemoCue), Siemens Healthineers and Meridian Bioscience, Inc.

It is anticipated that a strong focus of market players on research & development for innovating new devices incorporating the technological advances aid in the growth of the point of care blood testing devices market.

These market players opt for various inorganic growth strategies such as partnerships, collaborations, mergers, acquisitions, and product launches to create a global footprint and industry competition for point of care blood testing devices.

Key Developments in the Point of Care Blood Testing Devices

Some key developments in the point of care blood testing devices market is:

  • The American Association for Clinical Chemistry funded USD 5,000 for point-of-care testing research. This research grant is expected to help in the research and technological advancement particularly intended for clinical laboratorians to explore new ideas in areas where funds are normally not available.
  • In January 2022, Roche launched the Cobas pulse system in select countries accepting the CE Mark. The cobas pulse system is an industry-first professional blood glucose management solution with mobile digital health capabilities to improve patient care. This strategy enabled the company to expand its geographic presence as well as enhance its product offerings by including digitally enabled blood glucose monitoring devices.

Report Scope

Report Attribute Details
Growth Rate CAGR of 11.3% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2016 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD million, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered Product, Technology, Prescription, End Use, Region
Regions Covered North America; Latin America, Europe; East Asia, South Asia; Oceania; Middle East and Africa
Key Countries Profiled USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled Abaxis; Abbott Laboratories; Accubiotech Co, Ltd.; ACON Laboratories, Inc.; Becton; Dickinson and Company; Biolytical Laboratories; Danaher Corporation (HemoCue); Siemens Healthineers; Meridian Bioscience, Inc.
Customization Available Upon Request

Key Segments in the Point of Care Blood Testing Devices Market

By Product Type:

  • Diabete POC Analyzer
  • Coaglulation POC Analyzer
  • POC Blood Analyzer
  • Hematology POC Reader

By Technology:

  • Printer Devices
  • Touch-Screen Devices
  • Hand-held Devices

By Distribution Channels:

  • Retail Prices
  • Hospitals
  • Clinics
  • Health Centers
  • Homecare Settings

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
  • 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
    • 5.1. Diabetes POC Analyzer
    • 5.2. Coagulation POC Analyzer
    • 5.3. POC Blood Analyzer
    • 5.4. Hematology POC Reader
  • 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology
    • 6.1. Printer Devices
    • 6.2. Touch to Screen Devices
    • 6.3. Handheld Devices
  • 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel
    • 7.1. Retail Prices
    • 7.2. Hospitals
    • 7.3. Clinics
    • 7.4. Health Centers
    • 7.5. Homecare Settings
  • 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Europe
    • 8.4. Asia Pacific
    • 8.5. MEA
  • 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 14. Key Countries Market Analysis
  • 15. Market Structure Analysis
  • 16. Competition Analysis
    • 16.1. F. Hoffmann La Roche Ltd
    • 16.2. Getein Biotech
    • 16.3. Abbott Diagnostics
    • 16.4. Callegari Srl
    • 16.5. Goldsite Diagnostics Inc
    • 16.6. TaiDoc Technology Corporation
    • 16.7. MED TRUST
  • 17. Assumptions & Acronyms Used
  • 18. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global Market Value (US$ Mn) Forecast by Product Type, 2017-2032

Table 3: Global Market Value (US$ Mn) Forecast by Technology, 2017-2032

Table 4: Global Market Value (US$ Mn) Forecast by Distribution Channel, 2017-2032

Table 5: North America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 6: North America Market Value (US$ Mn) Forecast by Product Type, 2017-2032

Table 7: North America Market Value (US$ Mn) Forecast by Technology, 2017-2032

Table 8: North America Market Value (US$ Mn) Forecast by Distribution Channel, 2017-2032

Table 9: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 10: Latin America Market Value (US$ Mn) Forecast by Product Type, 2017-2032

Table 11: Latin America Market Value (US$ Mn) Forecast by Technology, 2017-2032

Table 12: Latin America Market Value (US$ Mn) Forecast by Distribution Channel, 2017-2032

Table 13: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 14: Europe Market Value (US$ Mn) Forecast by Product Type, 2017-2032

Table 15: Europe Market Value (US$ Mn) Forecast by Technology, 2017-2032

Table 16: Europe Market Value (US$ Mn) Forecast by Distribution Channel, 2017-2032

Table 17: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 18: Asia Pacific Market Value (US$ Mn) Forecast by Product Type, 2017-2032

Table 19: Asia Pacific Market Value (US$ Mn) Forecast by Technology, 2017-2032

Table 20: Asia Pacific Market Value (US$ Mn) Forecast by Distribution Channel, 2017-2032

Table 21: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 22: MEA Market Value (US$ Mn) Forecast by Product Type, 2017-2032

Table 23: MEA Market Value (US$ Mn) Forecast by Technology, 2017-2032

Table 24: MEA Market Value (US$ Mn) Forecast by Distribution Channel, 2017-2032

List of Figures

Figure 1: Global Market Value (US$ Mn) by Product Type, 2022-2032

Figure 2: Global Market Value (US$ Mn) by Technology, 2022-2032

Figure 3: Global Market Value (US$ Mn) by Distribution Channel, 2022-2032

Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032

Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 8: Global Market Value (US$ Mn) Analysis by Product Type, 2017-2032

Figure 9: Global Market Value Share (%) and BPS Analysis by Product Type, 2022-2032

Figure 10: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032

Figure 11: Global Market Value (US$ Mn) Analysis by Technology, 2017-2032

Figure 12: Global Market Value Share (%) and BPS Analysis by Technology, 2022-2032

Figure 13: Global Market Y-o-Y Growth (%) Projections by Technology, 2022-2032

Figure 14: Global Market Value (US$ Mn) Analysis by Distribution Channel, 2017-2032

Figure 15: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2022-2032

Figure 16: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022-2032

Figure 17: Global Market Attractiveness by Product Type, 2022-2032

Figure 18: Global Market Attractiveness by Technology, 2022-2032

Figure 19: Global Market Attractiveness by Distribution Channel, 2022-2032

Figure 20: Global Market Attractiveness by Region, 2022-2032

Figure 21: North America Market Value (US$ Mn) by Product Type, 2022-2032

Figure 22: North America Market Value (US$ Mn) by Technology, 2022-2032

Figure 23: North America Market Value (US$ Mn) by Distribution Channel, 2022-2032

Figure 24: North America Market Value (US$ Mn) by Country, 2022-2032

Figure 25: North America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 28: North America Market Value (US$ Mn) Analysis by Product Type, 2017-2032

Figure 29: North America Market Value Share (%) and BPS Analysis by Product Type, 2022-2032

Figure 30: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032

Figure 31: North America Market Value (US$ Mn) Analysis by Technology, 2017-2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Technology, 2022-2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Technology, 2022-2032

Figure 34: North America Market Value (US$ Mn) Analysis by Distribution Channel, 2017-2032

Figure 35: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2022-2032

Figure 36: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022-2032

Figure 37: North America Market Attractiveness by Product Type, 2022-2032

Figure 38: North America Market Attractiveness by Technology, 2022-2032

Figure 39: North America Market Attractiveness by Distribution Channel, 2022-2032

Figure 40: North America Market Attractiveness by Country, 2022-2032

Figure 41: Latin America Market Value (US$ Mn) by Product Type, 2022-2032

Figure 42: Latin America Market Value (US$ Mn) by Technology, 2022-2032

Figure 43: Latin America Market Value (US$ Mn) by Distribution Channel, 2022-2032

Figure 44: Latin America Market Value (US$ Mn) by Country, 2022-2032

Figure 45: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 48: Latin America Market Value (US$ Mn) Analysis by Product Type, 2017-2032

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022-2032

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032

Figure 51: Latin America Market Value (US$ Mn) Analysis by Technology, 2017-2032

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Technology, 2022-2032

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2022-2032

Figure 54: Latin America Market Value (US$ Mn) Analysis by Distribution Channel, 2017-2032

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2022-2032

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022-2032

Figure 57: Latin America Market Attractiveness by Product Type, 2022-2032

Figure 58: Latin America Market Attractiveness by Technology, 2022-2032

Figure 59: Latin America Market Attractiveness by Distribution Channel, 2022-2032

Figure 60: Latin America Market Attractiveness by Country, 2022-2032

Figure 61: Europe Market Value (US$ Mn) by Product Type, 2022-2032

Figure 62: Europe Market Value (US$ Mn) by Technology, 2022-2032

Figure 63: Europe Market Value (US$ Mn) by Distribution Channel, 2022-2032

Figure 64: Europe Market Value (US$ Mn) by Country, 2022-2032

Figure 65: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 68: Europe Market Value (US$ Mn) Analysis by Product Type, 2017-2032

Figure 69: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022-2032

Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032

Figure 71: Europe Market Value (US$ Mn) Analysis by Technology, 2017-2032

Figure 72: Europe Market Value Share (%) and BPS Analysis by Technology, 2022-2032

Figure 73: Europe Market Y-o-Y Growth (%) Projections by Technology, 2022-2032

Figure 74: Europe Market Value (US$ Mn) Analysis by Distribution Channel, 2017-2032

Figure 75: Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2022-2032

Figure 76: Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022-2032

Figure 77: Europe Market Attractiveness by Product Type, 2022-2032

Figure 78: Europe Market Attractiveness by Technology, 2022-2032

Figure 79: Europe Market Attractiveness by Distribution Channel, 2022-2032

Figure 80: Europe Market Attractiveness by Country, 2022-2032

Figure 81: Asia Pacific Market Value (US$ Mn) by Product Type, 2022-2032

Figure 82: Asia Pacific Market Value (US$ Mn) by Technology, 2022-2032

Figure 83: Asia Pacific Market Value (US$ Mn) by Distribution Channel, 2022-2032

Figure 84: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032

Figure 85: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 88: Asia Pacific Market Value (US$ Mn) Analysis by Product Type, 2017-2032

Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2022-2032

Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032

Figure 91: Asia Pacific Market Value (US$ Mn) Analysis by Technology, 2017-2032

Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Technology, 2022-2032

Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology, 2022-2032

Figure 94: Asia Pacific Market Value (US$ Mn) Analysis by Distribution Channel, 2017-2032

Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by Distribution Channel, 2022-2032

Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022-2032

Figure 97: Asia Pacific Market Attractiveness by Product Type, 2022-2032

Figure 98: Asia Pacific Market Attractiveness by Technology, 2022-2032

Figure 99: Asia Pacific Market Attractiveness by Distribution Channel, 2022-2032

Figure 100: Asia Pacific Market Attractiveness by Country, 2022-2032

Figure 101: MEA Market Value (US$ Mn) by Product Type, 2022-2032

Figure 102: MEA Market Value (US$ Mn) by Technology, 2022-2032

Figure 103: MEA Market Value (US$ Mn) by Distribution Channel, 2022-2032

Figure 104: MEA Market Value (US$ Mn) by Country, 2022-2032

Figure 105: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 106: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 107: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 108: MEA Market Value (US$ Mn) Analysis by Product Type, 2017-2032

Figure 109: MEA Market Value Share (%) and BPS Analysis by Product Type, 2022-2032

Figure 110: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032

Figure 111: MEA Market Value (US$ Mn) Analysis by Technology, 2017-2032

Figure 112: MEA Market Value Share (%) and BPS Analysis by Technology, 2022-2032

Figure 113: MEA Market Y-o-Y Growth (%) Projections by Technology, 2022-2032

Figure 114: MEA Market Value (US$ Mn) Analysis by Distribution Channel, 2017-2032

Figure 115: MEA Market Value Share (%) and BPS Analysis by Distribution Channel, 2022-2032

Figure 116: MEA Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022-2032

Figure 117: MEA Market Attractiveness by Product Type, 2022-2032

Figure 118: MEA Market Attractiveness by Technology, 2022-2032

Figure 119: MEA Market Attractiveness by Distribution Channel, 2022-2032

Figure 120: MEA Market Attractiveness by Country, 2022-2032

Frequently Asked Questions

What is the Growth Outlook for the Point of Care Blood Testing Devices Market?

The point of care blood testing devices market is predicted to register a CAGR of 11.3% from 2022 to 2032.

Which Region Leads the Point of Care Blood Testing Devices Market?

North America is anticipated to lead the point of care blood testing devices market.

What is the Growth Potential of Point of Care Blood Testing Devices Market?

The point of care blood testing devices market is likely to hold a valuation of USD 49,973.6 million by 2032.

Which Sector Dominates the Point of Care Blood testing Devices Market?

The healthcare and the diagnostic sector leads the point of care blood testing devices market.

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