Market

POCT - A growing global market
New data shows that the global market for POCT (Point Of Care Testing) increased significantly to about USD 29.1 billion in 20201 and is expected to increase annually by 7.4 percent to about USD 51.8 billion by 2027.2 The Covid pandemic caused an increased demand for POCT in all market segments in 2020. However, the market for POCT is expected to decline slightly in the near future, when the covid related cases decrease.1

The global market for bio-heart markers
The global market for bio-heart markers amounted to approximately USD 9.0 billion in 2021 and is expected to grow by approximately 9 percent per year until 2027. Thus, the estimated global market is expected to amount to approximately USD 14.9 billion in 2027.3

POCT for bio-heart markers is believed to be driven by an increased number of heart diseases globally and an increased awareness about the benefits of early diagnosis in order to be able to provide patients with fast and adequate care interventions.3 

Trends that favor the market development of POCT
The main drivers of growth for POCT, execpt for the covid pandemic, are believed to be the increased need for diagnosis in developing countries, a growing number of laboratories with advanced diagnostic equipment in North America, rapid technological development, increased investment in research and development and an aging global population.2

The market for troponin
The market for troponin amounted to USD 2.3 billion in 2017 and is expected to increase to USD 3.6 billion in 2022. This corresponds to an average annual growth of 8.9 percent.4

1. Fortune Business Insights, Market Research Report, Point-of-Care Diagnostics Market, september 2021
2. Global Market Insights, Point of Care Testing Market 2021-2027, november 2021
3. IMARC Group, Cardiac Biomarkers Market: Global Industry Trends, Share, Size, Growth, Opportunity and forecast 2022-2027, december 2021
4. Cardiac Biomarkers: Technologies and Global Markets, BCC Research, august 2019.

Trends that benefit market development of POCT

The covid pandemic has increased the demand for safe POC testing that can be performed close to the patient

An older population in the western world

Digitisation within healthcare

Increased hospital investment