Rapid Diagnostic Test Kits Market Size to Reach US$ 39.2 Billion by 2030, Driven by Increasing Demand for Point-of-Care Testing and Disease Detection – Says RationalStat Market Report
The global rapid diagnostic test kits market is expected to approach US$ 39.2 billion by 2030, with an annual growth rate of more than 12.1%
Wilmington, Delaware, Nov. 10, 2023 (GLOBE NEWSWIRE) —
Global Rapid Diagnostic Test Kits Market: Segmental and Market Share Analysis
- On the basis of technology, lateral flow is anticipated to take up a relatively larger portion of the rapid diagnostic test kits market, principally owing to the low cost of lateral flow assays, and their ability to deliver accurate results within a few minutes.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 17.6 billion |
| Market Size Forecast | US$ 39.2 billion |
| Growth Rate | 12.1% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players and suppliers operating and contributing significantly to the global rapid diagnostic test kits market growth include Abbott Laboratories, Artron Laboratories, ACON Laboratories, Alfa Scientific Designs, BD, BTNX, Cardinal Health, Meridian Bioscience, Sight Diagnostic, and Trinity Biotech, among others.
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RationalStat has segmented the global rapid diagnostic test kits market based on technology, product, end user and region
- Global Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Technology
- Solid Phase
- Lateral Flow
- Others
- Global Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product
- OTC
- Professional Kits
- Global Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
- Hospitals & Clinics
- Individuals
- Diagnostic Laboratories
- Global Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Rapid Diagnostic Test Kits Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Rapid Diagnostic Test Kits Report:
- What will be the market value of the global rapid diagnostic test kits market by 2030?
- What is the market size of the global rapid diagnostic test kits market?
- What are the market drivers of the global rapid diagnostic test kits market?
- What are the key trends in the global rapid diagnostic test kits market?
- Which is the leading region in the global rapid diagnostic test kits market?
- What are the major companies operating in the global rapid diagnostic test kits market?
- What are the market shares by key segments in the global rapid diagnostic test kits market? Â
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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