Diagnostic Cartridge Field Diagnostic System Market size is anticipated to reach USD 12 Billion by the end of 2035, , growing at a CAGR of 5% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of diagnostic cartridge field diagnostic systems was USD 7 Billion. The uptrend of point-of-care diagnostics or near-patient testing to avail accurate, precise, and timely results will thrust the market growth.
Diagnostic field system refers to the detection of the amount of or an analyte in body fluids or tissue that affects the pathogenesis of any disease. It helps as a biological marker shown to indicate a predisposition to any disease. The field is gaining importance with the increasingly deteriorating lifestyle of the global population, diminishing immunity globally.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 7 Billion |
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Forecast Year Market Size (2035) |
~ USD 12 Billion |
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Regional Scope |
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Type (Infectious Diseases Testing, Cardiac Markers Testing, Coagulation Testing, Electrolytes Testing)
The cardiac markers testing segment is slated to hold 40% share of the global diagnostic cartridge field diagnostic system market by 2035. The increasing cases of myocardial infarction (MI), commonly known as a heart attack can be predicted earlier with cardiac marker tests that identify blood chemicals associated with myocardial infarction. As per findings, in the United States, nearly at every 40 seconds someone suffers from a heart attack.
End-User (Specialty Clinics, Laboratory, Hospitals)
The hospital segment is anticipated to account for around 40% revenue share by 2035, owing to the rising advancements in diagnostic activities in the hospital setting. Increasing the use of handheld/ portable diagnostics devices is also propelling the market growth.
Further, healthcare practitioners also collect a blood sample from the patient and send this sample to a satellite lab for quick results due to the increasing volume of diagnoses that need to be performed in hospitals.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End User |
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APAC Market Statistics
The Asia Pacific region is set to hold 35% diagnostic cartridge field diagnostic systems market share by 2035. The increasing spread of disease in the region is resulting in several collaborations between corporates and multinational companies to uplift the overall diagnostic market. This is expected to pool investment in the diagnostic cartridge field diagnostic system market.
The cost-effective, hassle-free, and quality treatment options with superior diagnostic services available at low prices in countries such as India which is fast emerging as a medical tourism hub are also garnering more growth. India recorded a footfall of around 6.19 million foreign tourists in 2022, which was 4 times more compared with ~1.52 million in 2021.
North American Market Forecast
North America diagnostic cartridge field diagnostic system market is estimated to register a share of about 25% till 2035. The rapid adoption of advanced medical technology in the region especially with the rising total spending in the healthcare sector is estimated to back the market expansion.
World Bank revealed that ~16% of the total GDP of the North American region was spent on healthcare. Adding to it, the immense research by giant players to develop accurate testing tools is also estimated to boost market growth.
Author Credits: Radhika Gupta, Shivam Bhutani
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