U.S. Point-of-care Molecular Diagnostics Market Size & Outlook
U.S. point-of-care molecular diagnostics market, 2018-2030 (US$M)
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U.S. point-of-care molecular diagnostics market highlights
- The U.S. point-of-care molecular diagnostics market generated a revenue of USD 2,148.8 million in 2023 and is expected to reach USD 2,803.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.9% 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.
Point-of-care molecular diagnostics market data book summary
| Market revenue in 2023 | USD 2,148.8 million |
| Market revenue in 2030 | USD 2,803.5 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 41.5% of the global point-of-care molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. point-of-care molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 288.7 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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U.S. 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 93.44% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. leads the point-of-care molecular diagnostics market due to the local presence of leading players, such as Roche Diagnostics, Abbott, and Danaher. One of the reasons for their continued dominance is the presence of well-established R&D infrastructure and favorable reimbursement policies.
Furthermore, according to the American Cancer Society, in 2022, around 1,918,030 new cases of cancer and about 609,360 cancer deaths were anticipated in the U.S. alone. These factors are expected to contribute to the continued dominance of the U.S.
In addition, the regulatory & reimbursement landscape is continuously evolving to adapt to the fast-paced research progress in this sector. Moreover, the FDA is developing new regulatory strategies regarding NGS, which is anticipated to boost innovation in tests while ensuring that the data produced by these tests are accurate & reliable.
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Target buyers of U.S. 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 country-level data and insights on the U.S. point-of-care molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
U.S. Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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