Rapid Test Market Developments by 2031
Rapid diagnostic tests (RDT), also known as quick diagnostic medical tests are easy to perform test kits majorly used for emergency medical screening or preliminary tests. These tests are also used in point-of-care testing as replacements to conventional laboratory tests. These tests are able to provide results in same day or few hours as well as a few minutes.
MARKET DYNAMICS
The rapid tests market is anticipated to grow in the forecast, owing to rising incidence of infectious diseases and rising adoption of point-of-care tests and home based healthcare. In addition, the opportunities from developing economies is expected to offer significant growth opportunities in the market during the forecast period.
MARKET SCOPE
The "Global Rapid Tests Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of rapid tests market with detailed market segmentation by product type, application, end user and geography. The global rapid tests market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rapid tests market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global rapid tests market is segmented on the basis of product type, application, and end user. Based on product type, the market is segmented as, over-the-counter (OTC) rapid test products, and professional rapid test products. Based on application, the market is segmented in to infectious diseases, cardiology, oncology, pregnancy and fertility, toxicology, glucose monitoring, and others. On the basis of end user, the rapid tests market is categorized as per, hospitals and clinics, diagnostic laboratories, home care, 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 global rapid tests 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 tests 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 tests market from both demand and supply side and further evaluates market dynamics effecting the market during the 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 tests 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 global rapid tests 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 tests 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 tests market from both demand and supply side and further evaluates market dynamics effecting the market during the 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 tests market in these regions.
MARKET PLAYERSThe reports cover key developments in the rapid tests 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 activities 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 payers from rapid tests market are anticipated to lucrative growth opportunities in the future with the rising demand for rapid tests market in the global market. Below mentioned is the list of few companies engaged in the rapid tests market.
The report also includes the profiles of key rapid tests market companies 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.
- Akers Biosciences, Inc.
- Alere, Inc. (Abbott)
- BD
- Bio-Rad Laboratories, Inc.
- Cepheid, Inc.
- Hologic, Inc.
- Meridian Bioscience, Inc.
- OraSure Technologies, Inc.
- Quidel Corporation
- F. Hoffmann La-Roche, Ltd.
- 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 Market - By Product Type
1.3.2 Rapid Test Market - By Application
1.3.3 Rapid Test Market - By End User
1.3.4 Rapid Test Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. RAPID TEST 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 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. RAPID TEST MARKET - GLOBAL MARKET ANALYSIS
6.1. RAPID TEST - GLOBAL MARKET OVERVIEW
6.2. RAPID TEST - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RAPID TEST MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. OVER-THE-COUNTER (OTC) RAPID TEST PRODUCTS
7.3.1. Overview
7.3.2. Over-the-counter (OTC) Rapid Test Products Market Forecast and Analysis
7.4. PROFESSIONAL RAPID TEST PRODUCTS
7.4.1. Overview
7.4.2. Professional Rapid Test Products Market Forecast and Analysis
8. RAPID TEST MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INFECTIOUS DISEASES
8.3.1. Overview
8.3.2. Infectious Diseases Market Forecast and Analysis
8.4. CARDIOLOGY
8.4.1. Overview
8.4.2. Cardiology Market Forecast and Analysis
8.5. ONCOLOGY
8.5.1. Overview
8.5.2. Oncology Market Forecast and Analysis
8.6. PREGNANCY AND FERTILITY
8.6.1. Overview
8.6.2. Pregnancy and Fertility Market Forecast and Analysis
8.7. TOXICOLOGY
8.7.1. Overview
8.7.2. Toxicology Market Forecast and Analysis
8.8. GLUCOSE MONITORING
8.8.1. Overview
8.8.2. Glucose Monitoring Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. RAPID TEST MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS AND CLINICS
9.3.1. Overview
9.3.2. Hospitals and Clinics Market Forecast and Analysis
9.4. DIAGNOSTIC LABORATORIES
9.4.1. Overview
9.4.2. Diagnostic Laboratories Market Forecast and Analysis
9.5. HOME CARE
9.5.1. Overview
9.5.2. Home Care Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. RAPID TEST MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Rapid Test Market Overview
10.1.2 North America Rapid Test Market Forecasts and Analysis
10.1.3 North America Rapid Test Market Forecasts and Analysis - By Product Type
10.1.4 North America Rapid Test Market Forecasts and Analysis - By Application
10.1.5 North America Rapid Test Market Forecasts and Analysis - By End User
10.1.6 North America Rapid Test Market Forecasts and Analysis - By Countries
10.1.6.1 United States Rapid Test Market
10.1.6.1.1 United States Rapid Test Market by Product Type
10.1.6.1.2 United States Rapid Test Market by Application
10.1.6.1.3 United States Rapid Test Market by End User
10.1.6.2 Canada Rapid Test Market
10.1.6.2.1 Canada Rapid Test Market by Product Type
10.1.6.2.2 Canada Rapid Test Market by Application
10.1.6.2.3 Canada Rapid Test Market by End User
10.1.6.3 Mexico Rapid Test Market
10.1.6.3.1 Mexico Rapid Test Market by Product Type
10.1.6.3.2 Mexico Rapid Test Market by Application
10.1.6.3.3 Mexico Rapid Test Market by End User
10.2. EUROPE
10.2.1 Europe Rapid Test Market Overview
10.2.2 Europe Rapid Test Market Forecasts and Analysis
10.2.3 Europe Rapid Test Market Forecasts and Analysis - By Product Type
10.2.4 Europe Rapid Test Market Forecasts and Analysis - By Application
10.2.5 Europe Rapid Test Market Forecasts and Analysis - By End User
10.2.6 Europe Rapid Test Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Rapid Test Market
10.2.6.1.1 Germany Rapid Test Market by Product Type
10.2.6.1.2 Germany Rapid Test Market by Application
10.2.6.1.3 Germany Rapid Test Market by End User
10.2.6.2 France Rapid Test Market
10.2.6.2.1 France Rapid Test Market by Product Type
10.2.6.2.2 France Rapid Test Market by Application
10.2.6.2.3 France Rapid Test Market by End User
10.2.6.3 Italy Rapid Test Market
10.2.6.3.1 Italy Rapid Test Market by Product Type
10.2.6.3.2 Italy Rapid Test Market by Application
10.2.6.3.3 Italy Rapid Test Market by End User
10.2.6.4 Spain Rapid Test Market
10.2.6.4.1 Spain Rapid Test Market by Product Type
10.2.6.4.2 Spain Rapid Test Market by Application
10.2.6.4.3 Spain Rapid Test Market by End User
10.2.6.5 United Kingdom Rapid Test Market
10.2.6.5.1 United Kingdom Rapid Test Market by Product Type
10.2.6.5.2 United Kingdom Rapid Test Market by Application
10.2.6.5.3 United Kingdom Rapid Test Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Rapid Test Market Overview
10.3.2 Asia-Pacific Rapid Test Market Forecasts and Analysis
10.3.3 Asia-Pacific Rapid Test Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Rapid Test Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Rapid Test Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Rapid Test Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Rapid Test Market
10.3.6.1.1 Australia Rapid Test Market by Product Type
10.3.6.1.2 Australia Rapid Test Market by Application
10.3.6.1.3 Australia Rapid Test Market by End User
10.3.6.2 China Rapid Test Market
10.3.6.2.1 China Rapid Test Market by Product Type
10.3.6.2.2 China Rapid Test Market by Application
10.3.6.2.3 China Rapid Test Market by End User
10.3.6.3 India Rapid Test Market
10.3.6.3.1 India Rapid Test Market by Product Type
10.3.6.3.2 India Rapid Test Market by Application
10.3.6.3.3 India Rapid Test Market by End User
10.3.6.4 Japan Rapid Test Market
10.3.6.4.1 Japan Rapid Test Market by Product Type
10.3.6.4.2 Japan Rapid Test Market by Application
10.3.6.4.3 Japan Rapid Test Market by End User
10.3.6.5 South Korea Rapid Test Market
10.3.6.5.1 South Korea Rapid Test Market by Product Type
10.3.6.5.2 South Korea Rapid Test Market by Application
10.3.6.5.3 South Korea Rapid Test Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Rapid Test Market Overview
10.4.2 Middle East and Africa Rapid Test Market Forecasts and Analysis
10.4.3 Middle East and Africa Rapid Test Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Rapid Test Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Rapid Test Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Rapid Test Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Rapid Test Market
10.4.6.1.1 South Africa Rapid Test Market by Product Type
10.4.6.1.2 South Africa Rapid Test Market by Application
10.4.6.1.3 South Africa Rapid Test Market by End User
10.4.6.2 Saudi Arabia Rapid Test Market
10.4.6.2.1 Saudi Arabia Rapid Test Market by Product Type
10.4.6.2.2 Saudi Arabia Rapid Test Market by Application
10.4.6.2.3 Saudi Arabia Rapid Test Market by End User
10.4.6.3 U.A.E Rapid Test Market
10.4.6.3.1 U.A.E Rapid Test Market by Product Type
10.4.6.3.2 U.A.E Rapid Test Market by Application
10.4.6.3.3 U.A.E Rapid Test Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Rapid Test Market Overview
10.5.2 South and Central America Rapid Test Market Forecasts and Analysis
10.5.3 South and Central America Rapid Test Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Rapid Test Market Forecasts and Analysis - By Application
10.5.5 South and Central America Rapid Test Market Forecasts and Analysis - By End User
10.5.6 South and Central America Rapid Test Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Rapid Test Market
10.5.6.1.1 Brazil Rapid Test Market by Product Type
10.5.6.1.2 Brazil Rapid Test Market by Application
10.5.6.1.3 Brazil Rapid Test Market by End User
10.5.6.2 Argentina Rapid Test Market
10.5.6.2.1 Argentina Rapid Test Market by Product Type
10.5.6.2.2 Argentina Rapid Test Market by Application
10.5.6.2.3 Argentina Rapid Test Market by End User
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 MARKET, KEY COMPANY PROFILES
12.1. AKERS BIOSCIENCES, INC.
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. ALERE, INC. (ABBOTT)
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. BD
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. BIO-RAD LABORATORIES, 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. CEPHEID, INC.
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. HOLOGIC, INC.
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. MERIDIAN BIOSCIENCE, INC.
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. ORASURE TECHNOLOGIES, INC.
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. QUIDEL 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. F. HOFFMANN LA-ROCHE, LTD.
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. Akers Biosciences, Inc.
2. Alere, Inc. (Abbott)
3. BD
4. Bio-Rad Laboratories, Inc.
5. Cepheid, Inc.
6. Hologic, Inc.
7. Meridian Bioscience, Inc.
8. OraSure Technologies, Inc.
9. Quidel Corporation
10. F. Hoffmann La-Roche, Ltd.
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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