Daily Tech News, Interviews, Reviews and Updates

Rapid Medical Diagnostic Kits Market Size Will Attain USD 26.5 Billion by 2030 growing at 3.3% CAGR – Exclusive Report by Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Rapid Medical Diagnostic Kits Market Share, Analysis Report and Region Forecast, 2022 – 2030”

LOS ANGELES, Sept. 21, 2022 (GLOBE NEWSWIRE) — The Global Rapid Medical Diagnostic Kits Market Size accounted for USD 19.9 Billion in 2021 and is estimated to garner a market size of USD 26.5 Billion by 2030 rising at a CAGR of 3.3% from 2022 to 2030.

Rapid Medical Diagnostic Kits Market Report Key Highlights

  • Global rapid medical diagnostic kits market value was USD 19.9 Billion in 2021 and expected to grow at CAGR of 3.3% from 2022 to 2030
  • According to the Our Health in Data Organization, WHO delivered 40,000 rapid antigen tests to the Ministry of Health for COVID-19 in Jan 2021
  • North America rapid medical diagnostic kits market share acquired over 30% market share in coming years
  • Asia-Pacific rapid medical diagnostic kits market growth registered fastest CAGR during the forecast timeframe from 2022 to 2030
  • Among products, over the counter (OTC) kits occupied over 55% of the overall market share in 2021

Request For Free Sample Report @ https://www.acumenresearchandconsulting.com/request-sample/2503

Report Coverage:

Market Rapid Medical Diagnostic Kits Market
Rapid Medical Diagnostic Kits Market USD 19.9 Billion
Rapid Medical Diagnostic Kits Market Forecast 2030 USD 26.5 Billion
Rapid Medical Diagnostic Kits Market CAGR During 2022 – 2030 3.3%  
Rapid Medical Diagnostic Kits Market Analysis Period 2018 – 2030
Rapid Medical Diagnostic Kits Market Base Year 2021  
Rapid Medical Diagnostic Kits Market Forecast Data 2022 – 2030
Segments Covered By Product, By Technology, By Application, By End-Use, And By Geography
Rapid Medical Diagnostic Kits Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled ACON Laboratories, Inc., Abbott, Artron Laboratories Inc., Alfa Scientific Designs, Inc., Becton Dickinson and Company, BTNX, Inc., bioMérieux SA, Cardinal Health, Bio-Rad Laboratories, Inc., Danaher Corporation, Creative Diagnostics, Meridian Bioscience, Inc. and F. Hoffmann-La Roche AG.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Rapid Medical Diagnostic Kits Market Dynamics

A large pool of local industry players coupled with intense competition among market players has a strong influence on the buying behavior of the consumers. Rising prevalence of chronic diseases results in increasing the need for rapid disease diagnosis. This has a positive influence that impacts the buying behavior process of rapid medical supplies for diagnostic applications.

Some of the Key Observations Regarding Rapid Medical Diagnostic Kits Industry Include

  • Abbott announced in March 2020 that the US Food and Drug Administration (USFDA) had granted emergency use authorization (EUA) for the quickest available point-of-care test for the detection of novel corona virus (COVID-19). It produces positive results in as little as 5 minutes and negative results in as little as thirteen minutes. Furthermore, the test will be run on the company’s ID NOWTM platform, which provides quick results in a variety of healthcare settings such as physician’s offices, hospital emergency departments, and urgent care clinics.
  • In March 2020, The USFDA has granted bioMérieux SA a new emergency use authorization (EUA) for “BioFire Defense.” The new product is focused on COVID-19 testing and is used in CLIA moderate and advanced complexity clinical laboratories for SARS-CoV-2 detection. From a nasopharyngeal swab in transport media, the new product provides COVID-19 testing results in approximately 45 minutes. The test is easy to use and runs in completely automated FILMARRAY TORCH and FILMARRAY 2.0 platforms, requiring minimal training and molecular biology skills.
  • In February 2021, Becton, Dickinson and Company announced a collaboration to develop an at-home COVID-19 rapid test using a BD antigen test and the Scanwell Health mobile app. As part of the collaboration, BD intends to develop a lateral flow antigen test that will be compatible with the Scanwell Health mobile app. The app is expected to provide step-by-step instructions for collecting and transferring a nasal swab sample, as well as using the mobile device camera to analyse and interpret results.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/rapid-medical-diagnostic-kits-market

Rapid Medical Diagnostic Kits Market Segmentation

The rapid medical diagnostic kits market is divided into product, technology, application, and end-user segments. The market is divided into two categories based on product: over-the-counter (OTC) kits and professional kits. The market is divided into technologies such as agglutination, lateral flow, solid phase, and others. The market is further divided into applications such as cardio metabolic testing, blood glucose testing, infectious disease testing, pregnancy and fertility testing, faecal occult blood testing, coagulation testing, toxicology testing, and lipid profile testing, among others. In addition, the end-user segment is divided into home care, hospitals and clinics, and diagnostic laboratories.

The OTC kits segment holds the bulk of the market share and is expected to maintain its dominance throughout the forecast period. The lateral flow segment will have a significant revenue share in the global rapid medical diagnostic kits market based on technology. Furthermore, based on application, infectious disease testing will contribute significantly to the growth of the global rapid medical diagnostic kits market during the forecast period.

According to end-user, the hospital segment dominates the market and will continue to do so in the coming years. Regulatory bodies frequently collaborate with hospitals for disease surveillance because hospitals maintain and collect data on disease prevalence. This is regarded as one of the most important factors contributing to the global rapid medical diagnostic kits market growth.

Rapid Medical Diagnostic Kits Market Regional Outlook

The global rapid medical diagnostic kits industry is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa (MEA). North America has the largest market share in the global market for rapid medical diagnostic kits. Favorable reimbursement policies, established healthcare infrastructure, and easily available rapid medical diagnostic kits are the factors driving regional market growth. These factors increase the demand for rapid medical diagnostic kits in the North American market.

Asia-Pacific, on the other hand, is expected to have the highest CAGR in the rapid medical diagnostic kits market. The presence of prominent players, as well as the increasing penetration of medical test kits by key players, drives the rapid medical diagnostic kits market in APAC.

Buy this premium research report –

https://www.acumenresearchandconsulting.com/buy-now/0/2503

Rapid Medical Diagnostic Kits Market Players

Some of the leading rapid medical diagnostic kits companies operating in the industry include ACON Laboratories, Inc., Abbott, Artron Laboratories Inc., Alfa Scientific Designs, Inc., Becton Dickinson and Company, BTNX, Inc., bioMérieux SA, Cardinal Health, Bio-Rad Laboratories, Inc., Danaher Corporation, Creative Diagnostics, Meridian Bioscience, Inc. and F. Hoffmann-La Roche AG.

Questions Answered By This Report

  • What was the market size of Rapid Medical Diagnostic Kits Market?
  • What will be the CAGR of Rapid Medical Diagnostic Kits Market during the forecast period from 2022 to 2030?
  • Who are the major players in Global Rapid Medical Diagnostic Kits Market?
  • Which region held the largest share in Rapid Medical Diagnostic Kits Market in 2021?
  • What are the key market drivers of Rapid Medical Diagnostic Kits Market?
  • Who is the largest end user Rapid Medical Diagnostic Kits Market?
  • What will be the Rapid Medical Diagnostic Kits Market value in 2030?

Browse More Research Topic on Healthcare Related:

The Global Healthcare Predictive Analytics Market size was valued at USD 9,496 Million in 2021 and is estimated to reach USD 87,494 Million by 2030, at a CAGR of 28.2% from 2022 to 2030.

The Global Neurotech Devices Market size was valued at USD 10,796 Million in 2021 and is projected to reach USD 34,761 Million by 2030, with a significant CAGR of 14.3% from 2022 to 2030.

The Global Sleep Tech Devices Market size was valued at USD 15,407 Million in 2021 and is estimated to reach the value of USD 60,955 Million by 2030, growing at a CAGR of 16.8% from 2022 to 2030.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

For Latest Update Follow Us on Twitter and, LinkedIn

Contact Us:

Mr. Richard Johnson

Acumen Research and Consulting

USA: +13474743864

India: +918983225533

E-mail: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.



Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More
You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More