In Vitro Diagnostic Industry in China - POCT VII

The POCT Market

1. International Market Conditions

The POCT market is large and has enjoyed sound growth. From 2008 to 2018, the sales volume of the global POCT market doubled, with an average annual compound growth rate of 7.5%. The global POCT sales volume in 2021 was $31.5 billion. In 2022, the global POCT sales volume reached $40 billion. In 2023, the global POCT sales volume reached $14 billion. POCT testing worldwide can be divided into professional testing and self-testing. For each segment, infectious disease testing accounts for the highest share of the market, excluding blood glucose testing. Simultaneously, an increase in new technology and demand also promotes market growth.

At present, there are large regional differences in the global POCT market. Developed countries, such as Germany, America, and Japan, are still the main battlefields of POCT. However, with economic growth and improvement in medical and health conditions, emerging countries such as China, Brazil, and India have further promoted the application of POCT in recent years. These countries have gradually become potential powers for the growth of the POCT market.

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