Market Potential of Point of Care Molecular Diagnostics Market

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The global point-of-care molecular diagnostics market size is projected to reach USD 3.4 billion by 2028 from USD 2.0 billion in 2023, at a CAGR of 10.6% during the forecast period. Growth in the point-of-care molecular diagnostics industry is mainly driven by factors such as the increasing incidence of infectious diseases and cancer, increasing R&D funding to reduce time required for testing, growing awareness about early diagnosis of testing and technological advancements.

Point Of Care Molecular Diagnostics Market Size, Share, Trends and Revenue Forecast [Latest]
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Point Of Care Molecular Diagnostics Market Size, Share, Trends and Revenue Forecast [Latest]

The global point of care molecular diagnostics market in terms of revenue was estimated to be worth $2.0 billion in 2023 and is poised to reach $3.4 billion by 2028, growing at a CAGR of 10.6% from 2023 to 2028.