Rapid tests are often referred to as point-of-care tests because rather than sending a blood sample to a laboratory, the test can be conducted and the result read in a doctor’s office or a community setting, without specialised laboratory equipment. The sample taken is usually either finger-prick blood or saliva.
For people taking a test, the defining feature is that the result can usually be given within 20 or 30 minutes, which is often more convenient and can mean that many more people actually receive their test results.
The global market for Rapid Tests was estimated to be worth US$ 10510 million in 2023 and is forecast to a readjusted size of US$ 14630 million by 2030 with a CAGR of 4.4% during the forecast period 2024-2030
Factors such as increase in awareness regarding early diagnosis of disease, prevalence of infectious diseases, and the need for low-cost diagnostic testing coupled with diagnosis accuracy are expected to boost the growth of the rapid tests market during the forecast period. In addition, growth in personalized care and increase in promotional activities by manufacturers encourage the use of rapid tests, thereby propelling the growth of the market.
Global Leading Market Research Publisher QYResearch announces the release of its latest report “Rapid Tests - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Rapid Tests market, including market size, share, demand, industry development status, and forecasts for the next few years.
The report provides advanced statistics and information on global market conditions and studies the strategic patterns adopted by renowned players across the globe. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.
This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
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Global Rapid Tests Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2019 to 2030, as well as the production volume by region during the same period.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Rapid Tests market is segmented as below:
By Company
Akers Biosciences, Inc.
Abbott
Becton, Dickinson and Company
Bio-rad Laboratories, Inc.
Cepheid, Inc.
Hologic, Inc.
Meridian Bioscience, Inc.
OraSure Technologies, Inc.
Quidel Corporation
Roche Diagnostics
Segment by Type
Over-the-counter (OTC) Rapid Test Product
Professional Rapid Test Product
Segment by Application
Infectious Disease
Cardiology
Oncology
Pregnancy and Fertility
Toxicology
Glucose Monitoring
Others
Each chapter of the report provides detailed information for readers to further understand the Rapid Tests market:
Chapter 1: Rapid Tests Market Product Definition, Product Types, Sales Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2019 to 2024.
Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Household Hazardous Waste Disposal, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Rapid Tests industry.
Chapter 3: Rapid Tests Market Historical (2019-2023) and forecast (2024-2030) sales and revenue analysis of Rapid Tests in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4: Rapid Tests Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2019 to 2024.
Chapter 5 to 9: Rapid Tests Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10: Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Rapid Tests introduction, etc. Rapid Tests Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11: Industry Chain, including raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12: Market Channel, Distributors and Customers are listed.
Chapter 13: QYResearch’s Conclusions of Rapid Tests market based on comprehensive survey.
Chapter 14: Methodology and Data Sources.
Table of Contents
1 Rapid Tests Market Overview
1.1Rapid Tests Product Overview
1.2 Rapid Tests Market by Type
1.3 Global Rapid Tests Market Size by Type
1.3.1 Global Rapid Tests Market Size Overview by Type (2019-2030)
1.3.2 Global Rapid Tests Historic Market Size Review by Type (2019-2024)
1.3.3 Global Rapid Tests Forecasted Market Size by Type (2025-2030)
1.4 Key Regions Market Size by Type
1.4.1 North America Rapid Tests Sales Breakdown by Type (2019-2024)
1.4.2 Europe Rapid Tests Sales Breakdown by Type (2019-2024)
1.4.3 Asia-Pacific Rapid Tests Sales Breakdown by Type (2019-2024)
1.4.4 Latin America Rapid Tests Sales Breakdown by Type (2019-2024)
1.4.5 Middle East and Africa Rapid Tests Sales Breakdown by Type (2019-2024)
2 Rapid Tests Market Competition by Company
2.1 Global Top Players by Rapid Tests Sales (2019-2024)
2.2 Global Top Players by Rapid Tests Revenue (2019-2024)
2.3 Global Top Players by Rapid Tests Price (2019-2024)
2.4 Global Top Manufacturers Rapid Tests Manufacturing Base Distribution, Sales Area, Product Type
2.5 Rapid Tests Market Competitive Situation and Trends
2.5.1 Rapid Tests Market Concentration Rate (2019-2024)
2.5.2 Global 5 and 10 Largest Manufacturers by Rapid Tests Sales and Revenue in 2023
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Rapid Tests as of 2023)
2.7 Date of Key Manufacturers Enter into Rapid Tests Market
2.8 Key Manufacturers Rapid Tests Product Offered
2.9 Mergers & Acquisitions, Expansion
...
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