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POC Diagnostics Market Size [2021-2028] | is Projected to Reach USD 36.21 Billion by 2028

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Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) — The global POC Diagnostics Market size is projected to reach USD 36.21 billion by 2028, exhibiting a CAGR of -1.9% during the forecast period. The prevalence of several chronic disorders and the incorporation of nanotechnology in diagnostic kits are likely to fuel market growth. Fortune Business Insights™ provides this information in its report titled “POC Diagnostics Market, 2021-2028.

Point of care diagnostics are medical tools that are used to cure disorders within patients and ensure a quick recovery. The rising cases of chronic disorders among the population are likely to fuel diagnostic tools’ adoption. As per the information provided by the World Health Organization (WHO) nearly all people globally were affected by tuberculosis in 2019. WHO also reported a fatality of nearly 1.4 million people during 2019. Further, the incorporation of nanotechnology is expected to boost POC diagnostics quality and improve sales. Nanotechnology boosts effectiveness and speeds up the recovery process, which, in turn, may increase the product’s adoption from medical professionals and hospitals. These factors may boost the market progress during the upcoming years. 

Industry Development

August 2021: Mylab Discovery Solutions and Hemex Health engaged in a partnership with each other for the development of advanced diagnostic tools for testing chronic diseases and COVID-19.

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Developed Patient Based Treatment and Launch of Advanced Diagnostic Solutions to Foster Growth

The rapid incline in chronic disorders is likely to fuel demand for point of care (POC) diagnostics tools. As per the Centers for Disease Control and Prevention (CDC)’s information nearly 115,045 syphilis cases were reported in 2018. Heavy investments in the development of medical and healthcare technology are likely to fuel the product’s adoption.

Manufacturers focus on the development of patient-based treatment procedures to improve the effectiveness of diagnostic procedures. For example, Abbott launched its Afinion HbA1c Dx assay in June 2019 and is the first of its kind POC diagnostics test that is approved by the U.S. Food and Drug Administration (U.S. FDA) for diabetes diagnostics. In addition, the launch of advanced POC diagnostic solutions is likely to attract significant demand. These factors are likely to fuel POC Diagnostics Market growth. 

Robust Demand for Diagnostic Tools from Healthcare Sector to Boost Market Progress

This market is likely to grow positively during the COVID-19 pandemic because of the rising demand for effective medical diagnostic tools from the healthcare sector. Increasing COVID-19 cases and the emergence of several organ failures is likely to fuel the product’s demand. Increasing investments in healthcare tools’ development are likely to fuel diagnostics tools’ adoption.

Manufacturers focus on incorporating stringent sanitization methods and automated production techniques to avoid virus spread. Further, the adoption of reduced capacities and part-time shifts may enable manufacturers to control virus spread and recover losses. These factors are likely to fuel the market growth during the pandemic. 

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR -1.9%
2028 Value Projection USD 36.21 Billion
Base Year 2020
Market Size in 2020 USD 41.49 Billion
Historical Data for 2017 to 2019
No. of Pages 116
Segments covered Product, End-Users and Geography
Growth Drivers Demand for POC Kits in Disease Management of COVID-19 Infection to Expand Business Prospects
Integration of Nanotechnology in Rapid Diagnostics to Drive Market Growth
Growing Prevalence of Chronic and Infectious Disease to Fuel Demand for Rapid Diagnosis

Highlights of the Report

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Adoption of Advanced Medical Diagnostic Solutions is Likely to Foster Market Growth in North America

North America is projected to dominate the POC Diagnostics Market share because of the rising demand for advanced medical diagnostic solutions. The market in North America stood at 14.09 billion in 2020 and is projected to grow rapidly during the upcoming years. Increasing investments in the healthcare sector are likely to boost POC diagnostics demand. In addition, strategic collaborations between major players are likely to fuel industry progress. 

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Major Players Announce Innovative Products to Expand Market Reach 

The prominent companies operating in the market announce innovative products to satisfy consumer demand and expand their market reach considerably. For example, Cepheid declared that it is developing Xpert Xpress, SARS-CoV-2/Flu/RSV four-in-one test for the detection of RSV, Flu B, Flu A, and SARS-CoV-2 using a single patient’s sample. This development may enable the company to develop solutions that attract consumer demand and help them to expand their market reach. Further, investments in research and development may enable companies to improve their solutions and utilize nanotechnology, artificial intelligence, and machine learning technologies to improve their product’s effectiveness. This strategy may enable them to improve their brand image drastically. 

List of Key Players Profiled in the POC Diagnostics Market Report

  • F. Hoffmann-La Roche Ltd (Basel, Switzerland)
  • Thermo Fisher Scientific Inc. (Massachusetts, U.S.)
  • Abbott Laboratories (Illinois, U.S.)
  • Quest Diagnostics Incorporated (New Jersey, U.S.)
  • BD (Franklin Lakes, U.S.)
  • bioMérieux SA (Marcy l’Etoile, France)
  • Cardinal Health, Inc. (Ohio, U.S.)
  • Mesa Biotech (California, U.S.)
  • Cepheid (California, U.S.)
  • Trinity Biotech (Bray, Ireland)
  • Quidel Corporation (San Diego, U.S.)
  • Bio-Rad Laboratories Inc. (California, U.S.)

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Detailed Table of Content:

  • Introduction
    • Market Scope
    • Market Segmentation
    • Market Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of Key Disease Indications– For Key Country/Region
    • Technological Advancements in the Point-of-care (POC) Diagnostics
    • New Product Launch
    • Overview of Regulatory Scenario
    • Key Industry Developments – Mergers, Acquisitions, and Partnerships
    • Overview of COVID-19 Impact on POC Diagnostics Market
    • Major Factors Driving the Impact of COVID-19
    • Reimbursement Changes in Response to COVID-19 Impact
    • Opportunities Offered by the Impact of COVID-19
  • Global POC Diagnostics Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      •  Blood Glucose Monitoring
      •  Infectious Diseases
      •  Cardiometabolic Diseases
      •  Pregnancy & Infertility Testing
      •  Hematology Testing
      •  Others
    • Market Analysis, Insights and Forecast – By End User
      •  Hospital Bedside
      •  Physician’s Office Lab
      •  Urgent Care & Retail Clinics
      •  Homecare/Self-testing
    • Market Analysis, Insights and Forecast – By Geography
      •  North America
      •  Europe
      •  Asia Pacific
      •  Latin America
      •  Middle East & Africa
  • North America POC Diagnostics Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      •  Blood Glucose Monitoring
      •  Infectious Diseases
      •  Cardiometabolic Diseases
      •  Pregnancy & Infertility Testing
      •  Hematology Testing
      •  Others
    • Market Analysis, Insights and Forecast – By End User
      •  Hospital Bedside
      •  Physician’s Office Lab
      •  Urgent Care & Retail Clinics
      •  Homecare/Self-testing
    • Market Analysis, Insights and Forecast – By Country
      • U.S
        •  By Product
      • Canada
        •  By Product
  • Europe POC Diagnostics Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      •  Blood Glucose Monitoring
      •  Infectious Diseases
      •  Cardiometabolic Diseases
      •  Pregnancy & Infertility Testing
      •  Hematology Testing
      •  Others
    • Market Analysis, Insights and Forecast – By End User
      •  Hospital Bedside
      •  Physician’s Office Lab
      •  Urgent Care & Retail Clinics
      •  Homecare/Self-testing
    • Market Analysis, Insights and Forecast – By Country/Sub-region

TOC Continued…!!

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Heimdal to Showcase Widest Cybersecurity Tech Stack at Infosecurity Europe 2024

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LONDON, May 23, 2024 /PRNewswire/ — Heimdal® is excited to announce its participation in Infosecurity Europe 2024, taking place from 3–4 June 2024 at ExCel London. 

Attendees are invited to visit Heimdal’s booth for an exclusive opportunity to engage with industry-leading cybersecurity experts, experience live demonstrations, and enjoy engaging presentations. 
Event Highlights
Personalized Experience and Meet & Greet 
Visitors to the Heimdal booth will receive a warm welcome and a personalized tour of our latest cybersecurity solutions. 
Those attending on the first day will have the unique chance to meet our Chief Enhancement Officer, who will be on hand to give mind penetration tests to guests. 
Event Countdown 
The countdown to Infosecurity Europe 2024 is underway, and we are thrilled to share this journey with the cybersecurity community. Follow Heimdal’s LinkedIn page to see how you can make the most of the event, with tips, tricks, and promos posted each day: https://www.linkedin.com/company/heimdal-security/ .
As InfoSec emphasizes, “Together, we can rethink the power of infosecurity and discover what that means for you.” 
Top Reasons to Visit Heimdal at Infosecurity Europe 2024 
1. Take the Mind Penetration Test 
Test your security against our Chief Enchantment Officer, a prestigious member of the Inner Magic Circle. Challenge your limits and see if your defenses can withstand his expertise. 
2. Face-to-Face Product Demos 
Experience Heimdal’s solutions live with our experts. Engage in interactive sessions, ask pressing questions, and get hands-on with our cybersecurity tools. 
3. Live Edutainment Shows 
Join us for five engaging shows that combine education and entertainment. Learn new cybersecurity tactics from our enthusiastic hosts. 
4. Discover Unexpected Solutions 
Visit Stand D140 to find innovative solutions you didn’t know you needed. Forge new connections and explore the future of cybersecurity with Heimdal. 
Agenda and Speakers 
Heimdal’s team will present a series of edutainment shows covering pressing cybersecurity topics: 
Value Realization for the Enterprise 
Learn to use data-driven evidence for governance alignment, risk mitigation, and security program efficiency. Overcome reporting challenges and enhance your cybersecurity strategy. 
Detonating Ransomware LIVE at InfoSec
Analyze 2024 ransomware trends and witness a live ransomware detonation. Gain insights into effective countermeasures to combat this pervasive threat. 
Time is of the Essence – Mastering Patch Management 
Discover the importance of Patch Management, best practices, and automation strategies to keep your systems secure and efficient. 
Navigating Privileged Access: To Admin or Not to Admin? 
Explore Privileged Elevation and Delegation Management (PEDM) and understand the strategic impacts of admin rights management with case studies and industry insights. 
DNS Security – The First Line of Defense 
Understand the critical role of DNS security, address key vulnerabilities, and learn the latest advancements to protect your infrastructure from DNS attacks. 
Meet Our Experts
Ross Duncan, Director of Customer Success 
Experienced post-sales leader with 15 years of building functions from scratch. Successfully recruited and led teams, delivered major projects, optimized processes, and set business vision at the executive level. Passionate about showcasing value within the customer base. 
Imran Rai, Technical Success Manager 
Success-focused executive with 20+ years in cybersecurity and IT. Built and led teams, advised C-level executives, and aligned technical needs with business goals. Passionate about staying ahead in technology and security, delivering value at every step. 
Join us at Infosecurity Europe 2024 to discover how Heimdal can enhance your cybersecurity posture with innovative solutions and expert guidance. 
Learn more here: https://heimdalsecurity.com/infosecurity-europe-2024
Press Contact
Danny Mitchell Head of Content & PR Email: [email protected]: 07999498241
About Heimdal
Founded in Copenhagen, Denmark, in 2014, Heimdal empowers CISOs (Chief Information Security Officers), Security Teams, and IT admins to enhance their SecOps, reduce alert fatigue, and be proactive using one seamless command and control platform. 
Heimdal’s award-winning lineup of more than 10 fully integrated cybersecurity solutions spans the entire IT estate, enabling organizations to be proactive, whether remotely or onsite. 
This is why their range of products and managed services offers a solution for every challenge, whether at the endpoint or network level, in vulnerability management, privileged access, implementing Zero Trust, thwarting ransomware, preventing BECs, and much more. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-to-showcase-widest-cybersecurity-tech-stack-at-infosecurity-europe-2024,c3986779
The following files are available for download:
https://mb.cision.com/Main/22623/3986779/2817326.pdf
Meet, Greet, and Discover What the Widest Cybersecurity Tech Stack Can Do For You with Heimdal at Stand D140
https://news.cision.com/heimdal-security/i/heimdal-at-infosecurity-europe-2024,c3303360
Heimdal at Infosecurity Europe 2024
 

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CME Acquires EdTech Innovator Augmental, Leading a New Era of Educational Transformation

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DUBAI, United Arab Emirates, May 23, 2024 /PRNewswire/ — CME, an international leader in technology solutions, has announced the acquisition of Augmental, a cutting-edge EdTech company. This strategic partnership combines CME’s technological expertise with Augmental’s innovative tools to transform the education sector.

“This strategic alliance enhances our service offerings and reinforces our commitment to driving digital transformation in education on a global scale. The aim is to ensure that digital solutions remain at the forefront of educational strategies and practices,” said Wissam Youssef, CEO of CME Offshore.
This acquisition represents a pivotal step towards creating a comprehensive ecosystem of educational services and tools. The new entity will offer a fully integrated suite of solutions designed to enhance every aspect of the learning journey and cater to various stakeholders within the educational sector.
The collaboration between CME and Augmental is set to dismantle traditional barriers in education. By leveraging CME’s global network and merging their robust tech infrastructure and exceptional customer support experience with Augmental’s innovative AI-based tools, Augmental, the new EdTech arm of CME, will deliver personalised learning experiences, streamlined content creation and delivery, advanced analytics, and management tools. This partnership will transform educational access and effectiveness on both a regional and global scales.
Existing organizations using CME technologies now have access to an AI-powered LMS with unique features, while companies and training institutions using Augmental LMS are able to expand their tech stack with CME’s solutions.
“Joining CME marks an exciting new chapter for Augmental. It is more than an acquisition; it is a strategic alliance set to elevate the educational journey for learners everywhere. We look forward to continuing our mission to transform education and support our clients with pioneering solutions,” said Paul Barakat Diab, CEO of Augmental.
With a deep understanding of the education market, Augmental’s team brings invaluable expertise to the digital education sector. Their experience is crucial in innovating and developing targeted solutions that address the unique challenges and opportunities within the educational landscape.
Paul Barakat Diab and Elie Nahas, the founders of Augmental, will continue to lead and innovate within the newly formed entity. Their ongoing leadership underscores a shared commitment towards education, combining the strengths of both companies to establish new standards of educational excellence and innovation.
“Education is the cornerstone of progress and growth,” concludes Carole Alsharabati, Founding Partner at CME. “By equipping learners with next-gen tools, we are not just enhancing learning experiences; we are empowering them to shape the future.”
About AugmentalAugmental is an AI-powered, white-labeled learning platform that empowers educational institutions and course creators by offering next-generation personalised learning experiences, intelligent content creation, and data-driven analytics.www.augmental.education 
About CMECME is a multinational enterprise offering premium technology services and solutions. Over the years, CME has helped 100+ global clients, including renowned Fortune 500 companies, become leaders in their fields. The company’s end-to-end solutions and comprehensive services cover Enterprise Application Services, Data & Analytics, User Experience, Artificial Intelligence, the Internet of Things, and DevOps. With a skilled team across 8 locations, CME has delivered 300+ innovative and impactful projects, contributing to 8 US Patents and serving 80 million users daily.www.gotocme.com 
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Info-Tech Research Group Reveals Dr Timnit Gebru and Meredith Whittaker to Be Keynote Speakers at LIVE 2024 IT Conference

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The annual Info-Tech LIVE conference provides CIOs and IT professionals with practical insights to drive technology-led transformations, impact business outcomes, and accelerate their professional careers over the coming year. The first round of anticipated keynote speakers for the September 2024 conference has been formally announced by the global research and advisory firm.
LONDON, May 23, 2024 /PRNewswire/ — Info-Tech Research Group, a global leader in IT research and advisory, has announced the first two highly anticipated keynote speakers for Info-Tech LIVE 2024: Dr Timnit Gebru and Meredith Whittaker. Info-Tech LIVE 2024 will provide leaders and industry professionals with unparalleled insights into the latest advancements in AI and Exponential IT. The prestigious annual three-day conference, which brings together global CIOs and IT professionals across diverse industries, is scheduled from September 17 to 19, 2024, at the iconic Bellagio in Las Vegas.

Dr Timnit Gebru, a pioneering computer scientist and advocate for ethical AI, is the founder and executive director of the Distributed AI Research Institute (DAIR), focusing on the impact of AI on marginalised communities. Dr Gebru is known for her groundbreaking work on the ethical implications of AI and her advocacy for greater diversity in the tech industry. Meredith Whittaker, a leading voice in AI policy and president of the Signal Foundation, has been instrumental in advancing secure communication technologies and data transparency. As the cofounder of the AI Now Institute, Whittaker’sWhittaker’s efforts have significantly influenced responsible AI practices and major policy reforms.
‘We are excited to welcome Dr Timnit Gebru and Meredith Whittaker as keynote speakers at Info-Tech LIVE 2024,’ says Gord Harrison, senior vice president of research and advisory at Info-Tech Research Group. ‘Their contributions and work in AI and technology ethics will offer our attendees unique perspectives and invaluable insights. By engaging with these influential leaders, participants will gain a deeper understanding of the profound impact of AI and Exponential IT on the future of technology and how to harness these innovations to drive their organisations forward.’
Special Keynote Speakers for LIVE 2024:
Dr Timnit GebruFounder & Executive Director, The Distributed AI Research Institute (DAIR)A trail-blazing computer scientist, Dr. Gebru is renowned for her efforts to reduce the potential negative impacts of AI. As the former co-lead of Google’s Ethical AI research team, Dr Gebru’s departure from Google after authoring a pivotal research paper on the risks of large language models (LLMs) ignited a labour movement, resulting in the formation of the first tech workers union at Google. 
Meredith WhittakerPresident, Signal FoundationAs a cofounder of New York University’s AI Now Institute, Whittaker’s work has helped shape global AI policy. During her decade-long tenure at Google, she founded its Open Research Group and cofounded M-Lab, the world’s largest open data source on internet performance. Whittaker gained notable recognition as a key organiser of the Google walkouts and for her role in a protest against Google’s involvement in a military drone AI surveillance program.
‘Through cutting-edge insights and research, this year’s gathering of global experts will address the most pressing opportunities and challenges in today’s tech landscape,’ adds Harrison. ‘We are looking forward to welcoming distinguished CIOs, speakers, and partners to Las Vegas this September. Together, we will explore the future of AI, ethical considerations, and the exponentially evolving landscape of technology.’
Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024.
Updates and new details about speakers, agendas, and exclusive event experiences can be found via LinkedIn and Twitter over the coming months. 
Media Passes for Info-Tech LIVE 2024Taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas, this premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to cover the insights presented at Info-Tech LIVE or to gain access to research and expert insights on trending topics, please contact [email protected].
About Info-Tech Research GroupInfo-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisations.
To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights.
Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact [email protected]
For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.
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