COVID-19 Pandemic Accelerates Growth of Global Point of Care/Rapid Diagnostic Market.
The global Point of Care/Rapid Diagnostic Market is expected to witness significant growth in the coming years, according to VynZ Research . With the increasing prevalence of chronic diseases and the rising demand for quick and accurate diagnostic tests, the market is projected to reach USD 58.5 billion by 2030 , growing at a CAGR of 12% from 2022 to 2030 . Point of care testing (POCT) is a medical diagnostic testing that is performed outside the laboratory and in close proximity to the patient. POCT devices provide results in a timely manner, allowing healthcare professionals to make informed decisions about patient care. The increasing adoption of POCT devices in both developed and developing countries is a key driver of market growth. Rapid diagnostic tests (RDTs) are another segment of the Point of Care/Rapid Diagnostic Market that is experiencing significant growth. RDTs are used for the detection of infectious diseases such as malaria, tuberculosis, and HIV. These tests ...