Point-of-Care Testing (POCT) platforms and technologies are experiencing significant market growth due to their ability to provide quick and convenient diagnostic testing. The COVID-19 pandemic has further accelerated this trend, as demand for rapid and accurate testing has increased. The market is highly competitive, with a range of companies offering different technologies and platforms, including lateral flow assays, molecular diagnostics, and microfluidics. In addition, there is a growing trend towards the integration of POCT with digital health platforms, allowing for real-time monitoring and remote healthcare management. However, regulatory and reimbursement challenges, as well as concerns around accuracy and reliability, remain key barriers to widespread adoption. Overall, the POCT platform and technology market is expected to continue to grow as demand for convenient and rapid diagnostic testing increases.
The global POCT Platform And Technology Market is estimated to be valued at US$ 31,841million in 2021 and is expected to exhibit a CAGR of 8.9% over the forecast period (2021-2028).
Key Leaders in the POCT Platform And Technology Industry:
1. Advanced Liquid Logic, Inc.
Advanced Liquid Logic, Inc. was founded in 2004 and is headquartered in Morrisville, North Carolina, USA. The company specializes in developing automated liquid handling systems for use in the life sciences industry. It operates primarily in the United States. In 2021, Advanced Liquid Logic announced a partnership with Roche to develop a fully automated, sample-to-answer molecular diagnostic platform for infectious disease testing.
2. Agilent Technologies
Agilent Technologies was founded in 1999 and is headquartered in Santa Clara, California, USA. The company provides solutions in the life sciences, diagnostics, and applied chemical markets. It operates in more than 100 countries around the world.
3. Axxicon Moulds Eindhoven B.V.
Axxicon Moulds Eindhoven B.V. was founded in 1947 and is headquartered in Eindhoven, the Netherlands. The company specializes in precision injection moulding and micro assembly for the medical device industry. It operates in multiple countries worldwide. In 2021, Axxicon launched a new microfluidic chip platform for POCT applications, designed to provide rapid and accurate analysis of small sample volumes.
4. Lifesensors, Inc.
Lifesensors, Inc. was founded in 2002 and is headquartered in Malvern, Pennsylvania, USA. The company provides products and services for the life science research industry, including protein expression and purification systems. It primarily operates in the United States. In 2021, LifeScan announced the launch of its new OneTouch Verio Reflect blood glucose meter, which offers personalized insights and guidance for diabetes management.
5. Abbott Laboratories
Abbott Laboratories was founded in 1888 and is headquartered in Abbott Park, Illinois, USA. The company develops, manufactures, and markets healthcare products and services, including medical devices, diagnostics, and pharmaceuticals. It operates in multiple countries around the world.
6. Siemens Healthineers AG
Siemens Healthineers AG was founded in 2018 and is headquartered in Erlangen, Germany. The company provides medical technology solutions and services to healthcare providers worldwide. It operates in over 70 countries. In March, 2023 Siemens Healthineers and Sysmex establish global agreement to supply hemostasis instruments, reagents as OEMs
7. LifeScan, Inc.
LifeScan, Inc. was founded in 1981 and is headquartered in Wayne, Pennsylvania, USA. The company develops and markets blood glucose monitoring systems for people with diabetes. It operates in multiple countries worldwide.
8. Atomo Diagnostics
Atomo Diagnostics was founded in 2010 and is headquartered in Sydney, Australia. The company develops and manufactures rapid diagnostic tests for infectious diseases and other medical conditions. It operates in multiple countries worldwide.
9. SenzaGen
SenzaGen is a biotech company founded in 2010 and based in Lund, Sweden. They specialize in developing animal-free allergy tests for the chemical, pharmaceutical, and cosmetic industries. Their flagship product, GARD (Genomic Allergen Rapid Detection), uses gene expression analysis to accurately identify skin sensitizing properties of chemicals and other substances, replacing the need for animal testing. SenzaGen operates in several countries, including Sweden, Denmark, Germany, France, the United Kingdom, and the United States. In 2021, SenzaGen announced the launch of its new GARDair platform, which offers rapid, accurate testing for allergenic substances in the air.
10. Exalenz Biosciences Ltd.
Exalenz Biosciences Ltd. is a medical device company founded in 2001 and based in Modi'in, Israel. They develop and market breath-based diagnostic tests for a range of medical conditions, including liver and gastrointestinal diseases. Their flagship product, BreathID, is a non-invasive breath test that provides accurate and rapid results for conditions such as liver fibrosis, liver cirrhosis, and bacterial infections. Exalenz operates in several countries, including Israel, the United States, Canada, Europe, and Asia.
11. Nanomedical Diagnostics
Nanomedical Diagnostics is a biotech company founded in 2013 and based in San Diego, California. They specialize in developing cutting-edge biosensors for use in drug discovery and life science research. Their flagship product, the Agile R100, is a graphene-based biosensor that provides real-time measurements of biomolecular interactions, allowing for faster and more accurate drug discovery. Nanomedical Diagnostics operates in several countries, including the United States, Canada, Europe, and Asia.
12. BGN Technologies
BGN Technologies is a technology transfer company founded in 2005 and based in Beer-Sheva, Israel. They work with researchers and entrepreneurs to commercialize innovative technologies developed at Ben-Gurion University of the Negev. Their portfolio includes technologies in a range of fields, including biotech, cybersecurity, artificial intelligence, and renewable energy. BGN Technologies operates primarily in Israel but has also expanded to several other countries, including the United States, China, and India.
13. Mesa Biotech Inc.
Mesa Biotech Inc. is a medical device company founded in 2010 and based in San Diego, California. They develop and manufacture molecular diagnostic tests for infectious diseases, including COVID-19, influenza, and respiratory syncytial virus (RSV).
*Definition- POCT (Point-of-Care Testing) platform and technology refer to medical diagnostic tests performed at or near the site of patient care, using portable, easy-to-use devices that provide rapid results. Examples include glucose meters, pregnancy tests, and rapid strep tests.
