# Diagnostics market growth forecasts

> Live situation record from CLSTR: https://clstr.news/situations/diagnostics-market-growth-forecasts
> Updated: 2026-08-06T00:47:17.000Z. Sources: 4. Developments: 2.

Two recent market reports highlight accelerating growth in the diagnostics sector. A global precision diagnostics and medicine market, valued at US$132.46 billion in 2023 and US$145.53 billion in 2024, is projected to reach about US$246.66 billion by 2029, reflecting an 11.1 % compound annual growth rate. Drivers include AI and machine‑learning integration, expanding pharma‑diagnostics collaborations, direct‑to‑consumer testing, wearable health monitors, and geographic expansion into emerging economies.

A separate analysis of the U.S. point‑of‑care (PoC) diagnostics market shows it at US$9.45 billion in 2023, with an expected CAGR of roughly 6.9 % through 2034. The broader global PoC market is forecast to grow from US$328.7 billion in 2025 to US$604.3 billion by 2035 (≈7.3 % CAGR). Growth is fueled by rising demand for rapid tests, multiplex and molecular platforms, IoT and AI‑enabled connected devices, and a shift toward decentralized, home‑based care. Leading firms such as Abbott, Thermo Fisher, Roche, Quest Diagnostics, and Siemens are investing heavily in next‑generation PoC technologies.

Together, the reports illustrate a broader trend: both precision and point‑of‑care diagnostics are expected to expand rapidly over the next decade, driven by digital health innovations and changing care delivery models.

## Timeline

### 2026-08-06: 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.

2 sources. https://clstr.news/cluster/us-pointofcare-diagnostics-market-projected-to-reach-604-b-by-2035

### 2026-08-04: 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.

3 sources. https://clstr.news/cluster/global-precision-diagnostics-market-projected-to-reach-24666-b-by-2029

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Cite as: Diagnostics market growth forecasts. CLSTR, https://clstr.news/situations/diagnostics-market-growth-forecasts