Rapid Test Cards Market Developments by 2031
Rapid test cards are medical devices that deliver diagnostic results in few minutes or less than fifteen minutes. The test using rapid cards is performed in one or two steps and does not require other equipment. The samples, such as blood, serum, and urine, are used to confirm a type of disease. The rapid test cards have immovable reagents for targeted antigen or antibody associated with a certain category of the detector. It later reacts with the loaded patient's sample and gives quick results.
MARKET DYNAMICS
The rapid test cards market growth is anticipated to grow due to growing point of care diagnostics, growing development in medical device and biotechnological sectors, and increasing incidences of viral, bacterial infections. The outbreak of COVID-19 pandemic has created various growth opportunities for the market and is expected to grow significantly during the forecast period.
MARKET SCOPE
The "Rapid Test Cards Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of rapid test cards market with detailed market segmentation by type, and distribution channel. The rapid test cards market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in rapid test cards market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The rapid test cards market is segmented on the basis of type, and distribution channel. Based on type, the market is segmented as pregnancy test cards, HIV test cards, syphilis test cards, HCV test cards, malaria test cards, COVID-19 test cards, and others. And based on distribution channel, the market is classified as hospitals and retail pharmacies, online distribution, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the rapid test cards market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The rapid test cards market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting rapid test cards market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the rapid test cards market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the rapid test cards market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The rapid test cards market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting rapid test cards market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the rapid test cards market in these regions.
MARKET PLAYERS
The report covers key developments in the rapid test cards market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from rapid test cards market are anticipated to have lucrative growth opportunities in the future with the rising demand for rapid test cards in the global market. Below mentioned is the list of few companies engaged in the rapid test cards market.
The report also includes the profiles of key players in rapid test cards market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott
- Nanoentek
- ABP Diagnostics Ltd
- Advanced Diagnostics Inc.
- Minerva BiOTECH Corporation
- Meril Life Sciences Pvt. Ltd.
- Laboratorios Silanes
- Span Diagnostics Ltd.
- Bio-Medical Products Corporation
- VEDA.LAB
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Rapid Test Cards Market - By Type
1.3.2 Rapid Test Cards Market - By Distribution Channel
1.3.3 Rapid Test Cards Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RAPID TEST CARDS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. RAPID TEST CARDS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RAPID TEST CARDS MARKET - GLOBAL MARKET ANALYSIS
6.1. RAPID TEST CARDS - GLOBAL MARKET OVERVIEW
6.2. RAPID TEST CARDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RAPID TEST CARDS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PREGNANCY TEST CARDS
7.3.1. Overview
7.3.2. Pregnancy Test Cards Market Forecast and Analysis
7.4. HIV TEST CARDS
7.4.1. Overview
7.4.2. HIV Test Cards Market Forecast and Analysis
7.5. SYPHILIS TEST CARDS
7.5.1. Overview
7.5.2. Syphilis Test Cards Market Forecast and Analysis
7.6. HCV TEST CARDS
7.6.1. Overview
7.6.2. HCV Test Cards Market Forecast and Analysis
7.7. MALARIA TEST CARD
7.7.1. Overview
7.7.2. Malaria Test Card Market Forecast and Analysis
7.8. COVID-19 TEST CARDS
7.8.1. Overview
7.8.2. COVID-19 Test Cards Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. RAPID TEST CARDS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS AND RETAIL PHARMACIES
8.3.1. Overview
8.3.2. Hospitals and Retail Pharmacies Market Forecast and Analysis
8.4. ONLINE DISTRIBUTION
8.4.1. Overview
8.4.2. Online Distribution Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. RAPID TEST CARDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Rapid Test Cards Market Overview
9.1.2 North America Rapid Test Cards Market Forecasts and Analysis
9.1.3 North America Rapid Test Cards Market Forecasts and Analysis - By Type
9.1.4 North America Rapid Test Cards Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Rapid Test Cards Market Forecasts and Analysis - By Countries
9.1.5.1 United States Rapid Test Cards Market
9.1.5.1.1 United States Rapid Test Cards Market by Type
9.1.5.1.2 United States Rapid Test Cards Market by Distribution Channel
9.1.5.2 Canada Rapid Test Cards Market
9.1.5.2.1 Canada Rapid Test Cards Market by Type
9.1.5.2.2 Canada Rapid Test Cards Market by Distribution Channel
9.1.5.3 Mexico Rapid Test Cards Market
9.1.5.3.1 Mexico Rapid Test Cards Market by Type
9.1.5.3.2 Mexico Rapid Test Cards Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Rapid Test Cards Market Overview
9.2.2 Europe Rapid Test Cards Market Forecasts and Analysis
9.2.3 Europe Rapid Test Cards Market Forecasts and Analysis - By Type
9.2.4 Europe Rapid Test Cards Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Rapid Test Cards Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Rapid Test Cards Market
9.2.5.1.1 Germany Rapid Test Cards Market by Type
9.2.5.1.2 Germany Rapid Test Cards Market by Distribution Channel
9.2.5.2 France Rapid Test Cards Market
9.2.5.2.1 France Rapid Test Cards Market by Type
9.2.5.2.2 France Rapid Test Cards Market by Distribution Channel
9.2.5.3 Italy Rapid Test Cards Market
9.2.5.3.1 Italy Rapid Test Cards Market by Type
9.2.5.3.2 Italy Rapid Test Cards Market by Distribution Channel
9.2.5.4 Spain Rapid Test Cards Market
9.2.5.4.1 Spain Rapid Test Cards Market by Type
9.2.5.4.2 Spain Rapid Test Cards Market by Distribution Channel
9.2.5.5 United Kingdom Rapid Test Cards Market
9.2.5.5.1 United Kingdom Rapid Test Cards Market by Type
9.2.5.5.2 United Kingdom Rapid Test Cards Market by Distribution Channel
9.2.5.6 Rest of Europe Rapid Test Cards Market
9.2.5.6.1 Rest of Europe Rapid Test Cards Market by Type
9.2.5.6.2 Rest of Europe Rapid Test Cards Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Rapid Test Cards Market Overview
9.3.2 Asia-Pacific Rapid Test Cards Market Forecasts and Analysis
9.3.3 Asia-Pacific Rapid Test Cards Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Rapid Test Cards Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Rapid Test Cards Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Rapid Test Cards Market
9.3.5.1.1 Australia Rapid Test Cards Market by Type
9.3.5.1.2 Australia Rapid Test Cards Market by Distribution Channel
9.3.5.2 China Rapid Test Cards Market
9.3.5.2.1 China Rapid Test Cards Market by Type
9.3.5.2.2 China Rapid Test Cards Market by Distribution Channel
9.3.5.3 India Rapid Test Cards Market
9.3.5.3.1 India Rapid Test Cards Market by Type
9.3.5.3.2 India Rapid Test Cards Market by Distribution Channel
9.3.5.4 Japan Rapid Test Cards Market
9.3.5.4.1 Japan Rapid Test Cards Market by Type
9.3.5.4.2 Japan Rapid Test Cards Market by Distribution Channel
9.3.5.5 South Korea Rapid Test Cards Market
9.3.5.5.1 South Korea Rapid Test Cards Market by Type
9.3.5.5.2 South Korea Rapid Test Cards Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Rapid Test Cards Market
9.3.5.6.1 Rest of Asia-Pacific Rapid Test Cards Market by Type
9.3.5.6.2 Rest of Asia-Pacific Rapid Test Cards Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Rapid Test Cards Market Overview
9.4.2 Middle East and Africa Rapid Test Cards Market Forecasts and Analysis
9.4.3 Middle East and Africa Rapid Test Cards Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Rapid Test Cards Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Rapid Test Cards Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Rapid Test Cards Market
9.4.5.1.1 South Africa Rapid Test Cards Market by Type
9.4.5.1.2 South Africa Rapid Test Cards Market by Distribution Channel
9.4.5.2 Saudi Arabia Rapid Test Cards Market
9.4.5.2.1 Saudi Arabia Rapid Test Cards Market by Type
9.4.5.2.2 Saudi Arabia Rapid Test Cards Market by Distribution Channel
9.4.5.3 U.A.E Rapid Test Cards Market
9.4.5.3.1 U.A.E Rapid Test Cards Market by Type
9.4.5.3.2 U.A.E Rapid Test Cards Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Rapid Test Cards Market
9.4.5.4.1 Rest of Middle East and Africa Rapid Test Cards Market by Type
9.4.5.4.2 Rest of Middle East and Africa Rapid Test Cards Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Rapid Test Cards Market Overview
9.5.2 South and Central America Rapid Test Cards Market Forecasts and Analysis
9.5.3 South and Central America Rapid Test Cards Market Forecasts and Analysis - By Type
9.5.4 South and Central America Rapid Test Cards Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Rapid Test Cards Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Rapid Test Cards Market
9.5.5.1.1 Brazil Rapid Test Cards Market by Type
9.5.5.1.2 Brazil Rapid Test Cards Market by Distribution Channel
9.5.5.2 Argentina Rapid Test Cards Market
9.5.5.2.1 Argentina Rapid Test Cards Market by Type
9.5.5.2.2 Argentina Rapid Test Cards Market by Distribution Channel
9.5.5.3 Rest of South and Central America Rapid Test Cards Market
9.5.5.3.1 Rest of South and Central America Rapid Test Cards Market by Type
9.5.5.3.2 Rest of South and Central America Rapid Test Cards Market by Distribution Channel
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL RAPID TEST CARDS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. RAPID TEST CARDS MARKET, KEY COMPANY PROFILES
12.1. ABBOTT
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. NANOENTEK
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ABP DIAGNOSTICS LTD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ADVANCED DIAGNOSTICS INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MINERVA BIOTECH CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MERIL LIFE SCIENCES PVT. LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. LABORATORIOS SILANES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SPAN DIAGNOSTICS LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. BIO-MEDICAL PRODUCTS CORPORATION
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VEDA.LAB
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Abbott
2. Nanoentek
3. ABP Diagnostics Ltd
4. Advanced Diagnostics Inc.
5. Minerva BiOTECH Corporation
6. Meril Life Sciences Pvt. Ltd.
7. Laboratorios Silanes
8. Span Diagnostics Ltd.
9. Bio-Medical Products Corporation
10. VEDA.LAB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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