There is an acute awareness of the value of rapid, accurate, and efficient testing near the patient. The market demands that more tests are moved out from large hospital laboratories and closer to the patient and care giver. POC tests can also help reduce healthcare costs by giving faster results and more rapid treatment.
Throughout the Covid pandemic, the use of POC testing increased substantially. This led to an acute awareness of the value of rapid, simple, and efficient testing near the patient. Most companies, healthcare providers, politicians and the general public realize the value of these tests, benefitting patients, clinicians, and healthcare in general. This interest has, in turn, created a need for new technologies that can meet the challenges of more demanding tests, whilst still being competitively priced.
Recent data shows that the global market for POCT (point of care testing) increased significantly to approximately USD $39.6 billion in 2024 and is expected to increase annually by 12.2 percent to approximately USD 125.3 billion by 20341.
The global market for cardiac biomarkers was approximately USD 11.5 billion in 2024 and is expected to grow by approximately 7,2 percent per year until 20332.
POC testing for cardiac biomarkers is driven by an increase in global heart disease, coupled with increased awareness about the utility of early diagnosis, in order to provide the most effective treatment for patients2.
The global market for troponin was approximately USD 1.6 billion in 2024 and is expected to grow by approximately 12,6 percent per year until 2033, reaching an estimated USD 4.2 billion by 20333.
