Asia Pacific Point-of-care Molecular Diagnostics Market Size & Outlook
Asia Pacific point-of-care molecular diagnostics market, 2018-2030 (US$M)
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Asia Pacific point-of-care molecular diagnostics market highlights
- The Asia Pacific point-of-care molecular diagnostics market generated a revenue of USD 1,077.1 million in 2023.
- The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Oncology is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,077.1 million |
| Market revenue in 2030 | USD 1,609.3 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Prenatal Testing, Endocrinology, Other Applications, Hematology, Infectious Diseases |
| Key market players worldwide | Roche, Abbott Laboratories, Qiagen NV, Bayer AG, Nova Biomedical, Danaher Corp, Nipro Corp, Bio-Rad Laboratories Inc, Agilent Technologies Inc, BioMerieux SA, OraSure Technologies Inc, Abaxis |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.8% of the global point-of-care molecular diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,609.3 million by 2030.
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Point-of-Care Molecular Diagnostics Market Scope
Point-of-Care Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific point-of-care molecular diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to point-of-care molecular diagnostics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 93.49% in 2023. Horizon Databook has segmented the Asia Pacific point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be the fastest-growing market over the forecast period. The region is witnessing a significant rise in the adoption of POC molecular diagnostics, driven by the vast and diverse healthcare landscape in the region, encompassing urban centers and remote rural areas, necessitating accessible and rapid diagnostics.
POC molecular tests offer timely results without requiring centralized laboratories, improving healthcare access. Another factor driving the growth is the burden of infectious diseases in the Asia Pacific, including COVID-19, which underscores the urgency for quick and accurate diagnostics. POC molecular tests enable the swift identification of pathogens, aiding containment efforts.
In addition, advancements in miniaturization, automation, and mobile technology are making POC point-of-care molecular diagnostics more feasible and user-friendly. The integration of smartphones or portable devices enhances accessibility, allowing even non-specialist healthcare providers to administer tests.
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Target buyers of Asia Pacific point-of-care molecular diagnostics market databook
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Our clientele includes a mix of point-of-care molecular diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific point-of-care molecular diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific point-of-care molecular diagnostics market size, by country, 2018-2030 (US$M)
Asia Pacific Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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