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The POC molecular diagnostics market size is forecast to increase by USD 1.14 billion, at a CAGR of 10.03% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. The aging population is a major growth driver, as the need for rapid and accurate diagnostic tests increases with the rise in chronic diseases prevalent among the elderly. Additionally, there is a growing focus on technological advances in molecular diagnostics, which is leading to the development of portable and easy-to-use devices. However, strained laboratory budgets and lowering reimbursements are posing challenges to instrument sales in this market. Despite these challenges, the market is expected to grow at a steady pace due to the increasing demand for point-of-care (PoC) testing in various end-use industries, including hospitals, clinics, and research institutions. The integration of advanced technologies such as microfluidics, real-time PCR, and lateral flow assays is further fueling the growth of the market.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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