Global Rapid Test Kit Market
The GMI Research forecasts that the Rapid Test Kit Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing number of government initiatives for diagnosing infectious disease incidence and the rising need for fast detection of diseases.
Introduction of the Rapid Test Kit Market:
Rapid test kits are designed for the use where initial screening test result is required and is useful for resource-limited settings. These are high-quality kits and are helpful in resource-limited countries. The tests conducted are based on immune chromatographic, immune-dot, and immune-filtration techniques. The results from test kits are obtained within the same day, and it is convenient to store the test kit at room temperature for an extended period of time.
Key Players of the Global Rapid Test Kit Market:
- ACON Laboratories, Inc.
- Alfa Scientific Designs Inc.
- Becton
- BTNX Inc.
- Creative Diagnostics
- Abbott Laboratories Inc
- Artron Laboratories Inc.
- Dickinson and Company
- Meridian Bioscience Inc.
- Hoffmann-La Roche Ltd.
Rapid Test Kit Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Some of the crucial drivers proliferating the growth of the global rapid test market include the surging measure by the government on various research studies, increasing occurrence of various infectious diseases, the mounting need for speedy recognition of diseases, coupled with the various advantages concerned with these kits such as better accuracy, fast results, balance at high temperature, easy early detection, and low cost. In addition, the sudden and widespread outbreak of the coronavirus pandemic has positively impacted the market growth. This is because of the establishment of these kits by several major biotechnology and pharmaceutical companies and increasing investment for research and development of these products. For example, Emerging countries India are largely emphasizing on the development of rapid test kits to diagnose the COVID-19 virus in order to limit its spread. The National Institute of Virology (NIV) in India has launched an indigenous antibody detection kit for the virus. Furthermore, these kits assist the initial recognition of the disease and offer accurate results, which form an important role during the treatment of patients.
Rapid Test Kit Market Segmentation:
Segmentation by Technology
- Flow Through
- Solid Phase
- Lateral Flow
- Agglutination Assays
- Others
Segmentation by Product Type
- Over-the-counter (OTC) Rapid Test Kit
- Professional Rapid Test Kit
Segmentation by Duration
- Less than 10 minutes
- Less than 30 minutes
- Less than 1 hour
- 1 hour-2 hour
- Others
Segmentation by Type
- Rapid Antigen Test
- Rapid Antibody Test
Segmentation by Application
- Hospitals and Clinical Testing
- Home Testing
- Veterinary Testing
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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