Rapid Tests Market Size (USD 97.61 Billion by 2030) Set to Reach New Heights: Analysis of Trends and Growth Drivers

Rapid tests market size was valued at $33,329.15 million in 2020, and is projected to reach $97,606.33 million by 2030, registering a CAGR of 11.3% from 2021 to 2030. Rapid tests provide diagnostic results spontaneously to patients. They are preferably used in preliminary screenings as well as in setting with limited resources.Rapid tests are used in diagnosis of different diseases & health conditions such as influenza, malaria, cancer, pregnancy & fertility, and others.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

• Akers Biosciences, Inc.
• Alere Inc. (Abbott Laboratories)
• Becton, Dickinson and Company
• Bio-rad Laboratories, Inc.
• Cepheid, Inc.
• Hologic, Inc.
• Meridian Bioscience, Inc.
• OraSure Technologies, Inc.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/4633

Based on product, the professional rapid test products occupied the largest share in 2020, and is anticipated to continue its dominance during the forecast period, owing to increased demand for rapid tests in hospitals and mandated government policies for screening of diseases such as HIV, malaria, influenza, and others. However, the over-the-counter (OTC) rapid test product segment is expected to grow at the highest CAGR from 2021 to 2030.

Based on application, the glucose monitoring segment occupied the largest share in 2020, and is anticipated to dominate the rapid tests market during the forecast period due to increase in prevalence of diabetes and growth in awareness of home care glucose rapid tests kits. On the other side, infectious disease segment is expected to exhibit the fastest market growth during the forecast period owing to surge in prevalence of infectious disease and surge in demand for low cost & accurate rapid tests for preliminary infectious disease testing.

Based on end user, the home care segment occupied the largest share in 2020 and is anticipated to continue its dominance during the forecast period, due to increased demand for personalized care rapid tests and cost-efficient product availability. On the other side, the hospital & clinic segment is anticipated to exhibit the fastest market growth during the forecast period due to increase in demand for rapid tests.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/4633

The outbreak of coronavirus (COVID-19) began in late December, 2019 in Hubei province of Wuhan city in China. The virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) is transmitted among humans. The application of COVID-19 rapid test is useful in detection of corona virus, and thus provides essential guidance for subsequent diagnosis, evaluation, and treatment of COVID-19. The demand for COVID-19 rapid test increased with surge in number of COVID-19 patients.

𝐕𝐀𝐋𝐔𝐄 𝐏𝐑𝐎𝐏𝐎𝐒𝐈𝐓𝐈𝐎𝐍𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐓𝐎 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓:

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Comprehensive quantitative and qualitative insights at segment and sub-segment level

Covid 19 impact trends and perspective

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Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment

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