June 12, 2020

Rapid Test Market Size, Industry Growth and Top Leaders- Intertek Group plc, Eurofins Scientific.

Rapid Test Market The rapid test is preliminary screening test which are easy to use and having high quality. These tests are used for point-of-care (POC) which provides specific, sensitive and faster results within 10 minutes to 2 hours. It is used to test malaria and other infections such as AIDS, Influenza, HPV and Hepatitis infection.

According to the survey conducted by World Health Organizations (WHO) for the world malaria report 2018, it stated that the total sale in2017 was about 276 million. Almost 66% rapid tests were provided to sub-Saharan Africa. It is observed that the use of malaria test was increased from 40% to 75% in sub-Saharan Africa. These rapid tests have certain importance as epidemiological tools, additionally to use as diagnostics. These are used for lymphatic filariasis. Rapid tests are not used for diseases that are generally diagnosed from syndrome, but can prevent over-dose of antibiotics.

Market Drivers

Rising product recalls due to stringent regulations in developed countries is propelling the market in the forecast period

Increasing incidences of foodborne illness act as a driving force for the market

Globalization of food business will enhance the growth of the market

Increasing consumer awareness for food safety is also driving the market growth

Market Restraints

Lack of food control infrastructure will hamper the growth of the market

Complexity in testing techniques is hindering the market growth

Inadequate reimbursement policies for rapid test diagnostics will act as restraint for the market

High cost of testing equipment is also hampering the market in the forecast period

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Some of the leading key players profiled in this study:

Few of the major competitors currently working in global rapid test market are Bureau Veritas, SGS SA, Intertek Group plc, Eurofins Scientific, TÜV SÜD, ALS Limited, Mérieux NutriSciences Corporation, AsureQuality Limited, Microbac Laboratories, Inc., Genetic ID, Romer Labs Division Holding GmbH, OMIC USA Inc, Akers Biosciences, Inc., Abbott, BD, Bio-Rad Laboratories, Inc., Danaher, Hologic, Inc., Meridian Bioscience, OraSure Technologies, Inc., Quidel Corporation and F. Hoffmann-La Roche Ltd among others.

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Key Pointers Covered in the Rapid Test Market Trends and Forecast to 2026

    • Rapid Test Market New Sales Volumes
    • Rapid Test Market Replacement Sales Volumes
    • Rapid Test Market Installed Base
    • Rapid Test Market By Brands
    • Rapid Test Market Size
    • Rapid Test Market Procedure Volumes
    • Rapid Test Market Product Price Analysis
    • Rapid Test Market Healthcare Outcomes
    • Rapid Test Market Cost of Care Analysis
    • Rapid Test Market Regulatory Framework and Changes
    • Rapid Test Market Prices and Reimbursement Analysis
    • Rapid Test Market Shares in Different Regions
    • Recent Developments for Rapid Test Market Competitors
    • Rapid Test Market Upcoming Applications
    • Rapid Test Market Innovators Study

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 Scope of the Rapid Test Market

  • Current and future of Rapid Test Market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Global Rapid Test MarketBy Product (Over-the-Counter [OTC] Rapid Test Product, Professional Rapid Test Product), Contaminant (Pathogens, Meat Speciation, GMOS, Allergens, Pesticides, Mycotoxins, Heavy Metals, Others), Technology (PCR-Based, Immunoassay-Based, Chromatography-Based, Spectroscopy-Based), Food Tested (Meat & Seafood Products, Dairy Products, Processed Food, Fruits & Vegetables, Cereals & Grains, Nuts, Seeds and Spices,  Crops, Others), Application (Infectious Disease, Cardiology, Oncology, Pregnancy & Fertility, Toxicology, Glucose Monitoring, Others), End User (Hospital & Clinic, Diagnostic Laboratory, Home Care and Others), Geography   (North America, South America, Europe, Asia-Pacific AND Middle East and Africa) – Industry Trends and Forecast to 2026

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