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3 clusters · 5 sources · 22 days · First seen · Last updated

Diagnostics market growth forecasts

Overview

The diagnostics sector continues to show strong growth projections across precision and point-of-care (PoC) segments. The global precision diagnostics and medicine market, valued at US$132.46 billion in 2023, is expected to reach approximately US$246.66 billion by 2029, maintaining an 11.1% compound annual growth rate. This expansion is supported by AI and machine learning integration, pharmaceutical collaborations, and the use of wearables for real-time monitoring.

In the PoC sector, the global market is forecast to grow from US$328.7 billion in 2025 to US$604.3 billion by 2035. A more specific segment of the PoC testing market is projected to reach US$48.88 billion by 2030, growing from US$31.46 billion in 2025 at a CAGR of approximately 9.5%. This growth is driven by a transition from centralized laboratories to bedside, clinic, and home-based diagnostics, alongside advancements in microfluidics, biosensors, and rapid imaging.

Technological integration remains a central theme. The rise of AI-powered portable devices is notable, such as Royal Philips’ Compact 5000 series, an AI-enabled ultrasound system designed for automation and telemedicine. Additionally, increased pressure on centralized facilities is evident in regions like England, where the NHS reported a 4.8% increase in imaging examinations for the year ending March 2024. Major industry players, including Abbott, Thermo Fisher, Roche, Quest Diagnostics, and Siemens, continue to invest heavily in these next-generation, decentralized technologies.

Entities

Machine Learning · Thermo Fisher Scientific · Royal Philips · Quest Diagnostics · Artificial intelligence

Timeline

  1. 29 days ago

    [HEALTH] 2 sources
    Point-of-care testing market projected to reach $48.88 billion by 2030

    The point-of-care testing market is projected to reach $48.88 billion by 2030, fueled by advancements in AI, portable diagnostics, and a shift toward decentralized, bedside medical testing.

  2. about 2 months ago

    [BUSINESS] 2 sources
    U.S. Point‑of‑Care Diagnostics Market Projected to Reach $604 B by 2035

    U.S. PoC diagnostics market valued at $9.45 B in 2023, forecast to grow 6.9% CAGR to 2034; global market projected to reach $604 B by 2035 with a 7.3% CAGR, driven by disease prevalence, digital health and AI.

  3. about 2 months ago

    [BUSINESS] 3 sources
    Precision Diagnostics and Medicine Market Projected to Reach $246.66 B by 2029

    The precision diagnostics market grew from $132.46 B (2023) to $145.53 B (2024) and is projected to hit $246.66 B by 2029, driven by AI/ML, pharma‑diagnostics partnerships, DTC testing and wearables.

Sources

dreamnews.jp · evere.co · marketsandmarketsblog.com · reportsnreports.com · the-miyanichi.co.jp

This summary has been updated 1 time: see revision history