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Global POC Molecular Diagnostics Market will Exhibit Positive Impact During 2020-2024 | Growing Number of M&A and Collaborations to Improve the Market Growth | Technavio


Technavio has been monitoring the POC molecular diagnostics market, operating under the healthcare industry. The latest report on POC molecular diagnostics market, 2020-2024 estimates it to register an incremental growth of USD 1.31 billion, at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Abbott Laboratories, BioFire Diagnostics LLC, bioMérieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., Illumina Inc., QIAGEN NV, QuantuMDx Group Ltd., Quidel Corp., and Thermo Fisher Scientific Inc. are among some of the major market participants.

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The growing number of M&A and collaborations has been instrumental in driving the growth of the market. However, the product recalls might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

POC Molecular Diagnostics Market 2020-2024: Segmentation

POC Molecular Diagnostics Market is segmented as below:

Based on geographic segmentation, over 45% of the market growth originated from North America during the forecast period. In addition, PCR segment led the growth under products. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

POC Molecular Diagnostics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The POC molecular diagnostics market report covers the following areas:

This study identifies the new product launches as one of the prime reasons driving the POC Molecular Diagnostics Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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POC Molecular Diagnostics Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Application

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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