Point-of-care Molecular Diagnostics Market Outlook (2023 to 2033)

The Global Point-of-care Molecular Diagnostics Industry is on track for a significant surge, fueled by the increasing demand for faster and more convenient diagnostic solutions. According to a recent analysis by Future Market Insights (FMI), the market is projected to reach an impressive US$11.1 billion by 2033, reflecting a remarkable growth trajectory from its estimated valuation of US$4.4 billion in 2023. This phenomenal rise signifies a Compound Annual Growth Rate (CAGR) of 9.7% over the next decade, highlighting the growing adoption of point-of-care molecular diagnostics across various healthcare settings.

The escalating prevalence of infectious and chronic diseases, encompassing cardiovascular ailments, diabetes, and the ongoing challenges posed by COVID-19, is driving a surge in the adoption of point-of-care molecular diagnostics. In response to the critical need for timely and cost-effective testing, the market is witnessing an unprecedented demand for these advanced diagnostics solutions.

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