Point of Care Diagnostics Market to Reach $86.2 Billion: Driven by Demand in Home Healthcare
The global point of care diagnostics market is poised for significant expansion, forecasted to grow from USD 40.9 billion in 2022 to USD 86.2 billion by 2032, at a CAGR of 7.95%. This growth is driven by the increasing adoption of these diagnostics in home healthcare settings, particularly due to their cost-effectiveness and ability to deliver immediate results, which is crucial for managing chronic diseases prevalent among the aging population. North America currently leads this market due to high healthcare expenditure and technological advancements like miniaturized diagnostic equipment. Challenges in the market include stringent regulatory environments and the complexity of…
- Date: May 24, 2024
- Author: Robert Shaw
- Category: PharmiWeb