Point of Care and Rapid Diagnostics Market Size Worth USD 75.5 billion by 2027
The Global Point of Care and Rapid Diagnostics Market is expected to reach USD 75.5 billion by 2027 from an estimated USD 45.4 billion in 2022, at a CAGR of 10.7% from 2022 to 2027. The growth of the point-of-care diagnostics market can be attributed to the high prevalence of respiratory diseases such as influenza, COVID diseases, cardiac diseases, and infectious disease, (where POC tests can greatly improve the management of these diseases, especially in developing countries where access to timely medical care is a challenge and the healthcare infrastructure is antiquated and sparse). Moreover, growing accessibility of POCT products through online platforms, supportive govt. Policies, and rising number of CLIA-waived POC tests. healthcare decentralization and greater investments and funding for product development are expected to accelerate the growth point of care diagnostics market in the coming years. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadN...