Global Rapid Tests Market Size study & Forecast, by Product, by Technology by Application, by End Use and Regional Analysis, 2022-2029

Description

List of Tables

Global Rapid Tests Market is valued approximately USD 1.19 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.60% over the forecast period 2022-2029 Rapid tests, commonly referred to as RDTs or rapid diagnostic tests, are simple to use procedures that offer prompt answers, typically in few minutes or less. Rapid tests are performed and give results at the point of treatment, unlike the majority of regular tests, which must be forwarded to a lab. The Rapid Tests market is expanding because of factors such as increasing adoption of Self - Testing & Point - Of - Care Products, and introduction Of CLIA Waived Test and growing Geriatric Population Base. However, the presence of ambiguous regulatory may halt market growth.

Diabetes is one of the world's fastest-growing chronic diseases. Its prevalence has progressively increased during the last few decades. The primary factors propelling market expansion are the rising elderly population, increasing target disease burden, and increased usage of self-testing & point-of-care products. According to the World Health Organization, diabetes will afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. Furthermore, geriatric, and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Additionally, the market is expanding as a result of the introduction of technologically advanced items. However, the main difficulty with quick diagnostics solutions is quality assurance, which is expected to limit market expansion.

The key regions considered for the Global Rapid Tests Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the emergence of technologically advanced products, high rates of infections with upper respiratory diseases and antibiotic resistance, and high healthcare costs Additionally, the usage of PoC & fast diagnostics for the diagnosis of numerous ailments in the region, as well as encouraging government initiatives, are supporting the market's expansion. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:

Abbott
BD (Becton, Dickinson and Company)
bioMerieux SA
DiaSorin S.p.A.
Danaher Corporation
Thermo Fisher Scientific, Inc.
F. Hoffmann - La Roche Ltd
Meridian Bioscience, Inc.
Bio-rad Laboratories, Inc.

Recent Developments in the Market:

In August 2022, Accelerate Diagnostics and BD collaborated commercially. Through this strategic strategy, BD would provide Accelerate Diagnostics' quick diagnostics for antibiotic resistance and susceptibility over the world.
In December 2022, Roche stated that the U.S. Food and Drug Administration had authorised the COVID-19 At-home Test for Emergency Use. The test involves a straightforward anterior nasal swab sample that may be easily obtained and self-tested by those age 14 and older. For children aged 2 to 13, an adult must administer the test.

Global Rapid Tests Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Product, Technology, Application, , End Use, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Instruments
Consumables
Others

By Technology:

Molecular Diagnostics
Immunoassay
Others

By Application:

Upper Respiratory Tract Infections
Antibiotic
Sepsis

By End Use:

Hospitals & Clinics
Laboratories
At - Home Testing
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Rapid Tests Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Rapid Tests Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Rapid Tests Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Rapid Tests Market, by Application, 2019-2029 (USD Billion)
- 1.2.5. Rapid Tests Market, by End Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Rapid Tests Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Rapid Tests Market Dynamics

3.1. Rapid Tests Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing Adoption Of Self - Testing & Point - Of - Care Products, And Introduction Of CLIA Waived Tests
  - 3.1.1.2. Growing Geriatric Population Base
- 3.1.2. Market Challenges
  - 3.1.2.1. Presence Of Ambiguous Regulatory
  - 3.1.2.2. Reimbursement Framework For Primary Care Setting
- 3.1.3. Market Opportunities
  - 3.1.3.1. Introduction Of Advance Technology Enabled Products
  - 3.1.3.2. Growing Prevalence Of Target Diseases

Chapter 4. Global Rapid Tests Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Rapid Tests Market, by Product

6.1. Market Snapshot
6.2. Global Rapid Tests Market by Product, Performance - Potential Analysis
6.3. Global Rapid Tests Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Rapid Tests Market, Sub Segment Analysis
- 6.4.1. Instruments
- 6.4.2. Consumables
- 6.4.3. Others

Chapter 7. Global Rapid Tests Market, by Technology

7.1. Market Snapshot
7.2. Global Rapid Tests Market by Technology, Performance - Potential Analysis
7.3. Global Rapid Tests Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
7.4. Rapid Tests Market, Sub Segment Analysis
- 7.4.1. Molecular Diagnostics
- 7.4.2. Immunoassay
- 7.4.3. Others

Chapter 8. Global Rapid Tests Market, by Application

8.1. Market Snapshot
8.2. Global Rapid Tests Market by Application, Performance - Potential Analysis
8.3. Global Rapid Tests Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Rapid Tests Market, Sub Segment Analysis
- 8.4.1. Upper Respiratory Tract Infections
- 8.4.2. Antibiotic
- 8.4.3. Sepsis

Chapter 9. Global Rapid Tests Market, by End Use

9.1. Market Snapshot
9.2. Global Rapid Tests Market by End Use, Performance - Potential Analysis
9.3. Global Rapid Tests Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
9.4. Rapid Tests Market, Sub Segment Analysis
- 9.4.1. Hospitals & Clinics
- 9.4.2. Laboratories
- 9.4.3. At - Home Testing
- 9.4.4. Others

Chapter 10. Global Rapid Tests Market, Regional Analysis

10.1. Rapid Tests Market, Regional Market Snapshot
10.2. North America Rapid Tests Market
- 10.2.1. U.S. Rapid Tests Market
  - 10.2.1.1. Product breakdown estimates & forecasts, 2019-2029
  - 10.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
  - 10.2.1.3. Application breakdown estimates & forecasts, 2019-2029
  - 10.2.1.4. End Use breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Rapid Tests Market
10.3. Europe Rapid Tests Market Snapshot
- 10.3.1. U.K. Rapid Tests Market
- 10.3.2. Germany Rapid Tests Market
- 10.3.3. France Rapid Tests Market
- 10.3.4. Spain Rapid Tests Market
- 10.3.5. Italy Rapid Tests Market
- 10.3.6. Rest of Europe Rapid Tests Market
10.4. Asia-Pacific Rapid Tests Market Snapshot
- 10.4.1. China Rapid Tests Market
- 10.4.2. India Rapid Tests Market
- 10.4.3. Japan Rapid Tests Market
- 10.4.4. Australia Rapid Tests Market
- 10.4.5. South Korea Rapid Tests Market
- 10.4.6. Rest of Asia Pacific Rapid Tests Market
10.5. Latin America Rapid Tests Market Snapshot
- 10.5.1. Brazil Rapid Tests Market
- 10.5.2. Mexico Rapid Tests Market
- 10.5.3. Rest of Latin America Rapid Tests Market
10.6. Rest of The World Rapid Tests Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies
11.2. Company Profiles
- 11.2.1. Abbott
  - 11.2.1.1. Key Information
  - 11.2.1.2. Overview
  - 11.2.1.3. Financial (Subject to Data Availability)
  - 11.2.1.4. Product Summary
  - 11.2.1.5. Recent Developments
- 11.2.2. BD (Becton, Dickinson and Company)
- 11.2.3. bioMerieux SA
- 11.2.4. DiaSorin S.p.A.
- 11.2.5. Danaher Corporation
- 11.2.6. Thermo Fisher Scientific, Inc.
- 11.2.7. F. Hoffmann - La Roche Ltd
- 11.2.8. Meridian Bioscience, Inc.
- 11.2.9. Bio-rad Laboratories, Inc.

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Rapid Tests Market, report scope
TABLE 2. Global Rapid Tests Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Rapid Tests Market estimates & forecasts by Product 2019-2029 (USD Billion)
TABLE 4. Global Rapid Tests Market estimates & forecasts by Technology 2019-2029 (USD Billion)
TABLE 5. Global Rapid Tests Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Rapid Tests Market estimates & forecasts by End Use 2019-2029 (USD Billion)
TABLE 7. Global Rapid Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Rapid Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Rapid Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Rapid Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Rapid Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Rapid Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Rapid Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Rapid Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Rapid Tests Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global Rapid Tests Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. U.S. Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. Canada Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. Canada Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. UK Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. UK Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. Germany Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. Germany Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. France Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. France Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Italy Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Italy Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. Spain Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. Spain Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. RoE Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. RoE Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. China Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. China Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. India Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. India Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. Japan Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. Japan Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. South Korea Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. South Korea Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. Australia Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. Australia Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. RoAPAC Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. RoAPAC Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Brazil Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Brazil Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. Mexico Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. Mexico Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. RoLA Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. RoLA Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Rapid Tests Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 69. Row Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. Row Rapid Tests Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Rapid Tests Market
TABLE 72. List of primary sources, used in the study of global Rapid Tests Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Rapid Tests Market, research methodology
FIG 2. Global Rapid Tests Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Rapid Tests Market, key trends 2021
FIG 5. Global Rapid Tests Market, growth prospects 2022-2029
FIG 6. Global Rapid Tests Market, porters 5 force model
FIG 7. Global Rapid Tests Market, pest analysis
FIG 8. Global Rapid Tests Market, value chain analysis
FIG 9. Global Rapid Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Rapid Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Rapid Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Rapid Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Rapid Tests Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Rapid Tests Market, regional snapshot 2019 & 2029
FIG 15. North America Rapid Tests Market 2019 & 2029 (USD Billion)
FIG 16. Europe Rapid Tests Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Rapid Tests Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Rapid Tests Market 2019 & 2029 (USD Billion)
FIG 19. Global Rapid Tests Market, company Market share analysis (2021)