Infectious Disease Point of Care Diagnostics Market: By Product Type (Infectious Disease Testing Kits & Reagents, Haematology Testing Kits, Urinalysis Testing Kits, Others), By Disease Condition (Bacterial Infections, Fungal Infections, Viral Infections, Cardiovascular Infections, GI Infections, Sexually Transmitted Disease, CNS Infections, Other), By Prescription Mode (Over-The-Counter (OTC) Testing Kits, Prescription-based Testing Kits), By End User (Professional Diagnostic Centres, Homecare, Others) and Geography

Infectious Disease Point Of Care Diagnostics Market size was valued at USD 2,547.8 million in 2022 and is poised to grow at a significant CAGR of 7.2% from 2023-2029 Moreover, the technological advancements in point-of-care diagnostic devices and introduction of home-based point-of-care devices are also anticipated to boost the infectious disease point of care diagnostics market. However, reluctance among patients to change existing diagnostic practices, stringent regulatory policies, and reimbursement issues might restrain the growth of the global infectious disease point-of-care diagnostics market over the forecast timeframe. Point of care diagnostics refers to the tests carried out at the site of the patient care to provide immediate results. These diagnostics improve disease management and detection. Infectious diseases are caused by various microorganisms such as viruses, bacteria, fungi, and parasites. Infectious disease point-of-care diagnostics reduces the time between disease testing and diagnosis of an infection.

Nowadays most infectious diseases such as HIV, tuberculosis, influenza, tropical diseases, and sexually transmitted infections are diagnosed by point-of-care testing. The major advantages with the point of point-of-care testing are reduced diagnosis time, postoperative care time, improvement in disease outcomes, accuracy in results, and simple methods for diagnosis of infectious diseases. The global infectious disease point-of-care diagnostics market is in the flourishing stage as several local and international players are actively involved in the development of infectious disease point-of-care diagnostic devices. An increase in the prevalence of the deadly infectious disease will drive the growth of the global infectious disease point-of-care diagnostics market. For instance, according to World Health Organisation, global health observatory (GHO) data, in 2013, approximately 34-38 million people suffered from HIV infection worldwide. Launching of new products, approvals from various regulatory bodies, acquisitions and mergers, partnerships, collaborations, and joint ventures are expected to fuel the growth of the global infectious disease point-of-care diagnostics market over the forecast period. For instance,

Infectious Disease Point Of Care Diagnostics Market Key Developments: 

• In January 2015, the FDA approved Alere for its first CLIA waiver for the nucleic acid-based test, Influenza A&B. Further Roches CLIA waiver for Cobas Liat System and Strep A. By 2016, many systems received CLIA waivers from FDA including the Xpert Flu/RSV Xc by Cepheids.
• In 2014, in the cardiovascular space, Spartan Biosciences had received approval from Health Care Canada for its genetic test, Spartan RX CYP2C19 system.
• In 2014, Roche bought point-of-care molecular testing company iQuum for USD 275 million and the potential for an additional USD175 million in milestone payments