Point Of Care Diagnostics & Testing Market anticipated to be a growth determinant with CAGR of 6.8% from 2022 to 2030
Point Of Care Diagnostics & Testing Industry Overview The global point of care diagnostics market size was valued at USD 37.03 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. The market is set to gain momentum in the coming years on account of the increase in funding from multiple sources, the rising prevalence of target diseases, and the need to address the recent outbreak of coronavirus. The ongoing COVID-19 pandemic had an enormous impact on the global industry in 2021 and the COVID-19 effect is anticipated to reflect in the projected tenure. For instance, in September 2021, the South Korean Department of Defense awarded USD 626 million to Celltrion as a part of the procurement contract for DiaTrust COVID-19 Ag Rapid Test. Gather more insights about the market drivers, restrains and growth of the Global Point Of Care Diagnostics & Testing Market However, the pandemic disrupted the supply cha...