Rapid Medical Diagnostic Kits Market Size, Share, Trends, Growth and Forecast 2028

Rapid Medical Diagnostic Kits Market

Rapid Medical Diagnostic Kits Market - By Product (OTC Kits and Professional Kits), By Technology (Lateral Flow, Agglutination Assays, Flow-Through, and Solid-phase), By Application (Clinical testing and Home-use), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Category: Medical Device Report Format : PDF Pages: 155 Report Code: ZMR-5466 Published Date: Oct-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 13.9 Billion USD 19.1 Billion 3.5% 2020

Rapid Medical Diagnostic Kits Market

Market Overview

The global Rapid Medical Diagnostic Kits Market accrued earnings worth approximately 13.9 (USD Billion) in 2020 and is predicted to gain revenue of about 19.1 (USD Billion) by 2028, is set to record a CAGR of nearly 3.5% over the period from 2021 to 2028. The report offers assessment and analysis of the Rapid Medical Diagnostic Kits Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Rapid Medical Diagnostic Kits Market: Synopsis

According to NCBI, rapid medical diagnostic kits have the ability to contain COVID-19 transmission across low as well as middle-income countries across the globe. Apparently, rapid medical diagnostic kits market growth is set to accelerate in the near future subject to a surge in awareness pertaining to the need for effective assessment of chronic ailments, growing point of care diagnostics trends, and massive use of portable rapid testing equipment. In addition to this, increase in cases of contagious ailments and swift rise in aging population prone to chronic disorders will enhance the popularity of rapid medical diagnostic kits in the healthcare sector. This, in turn, will result in a spike of growth in rapid medical diagnostics kits industry over the forecasting timespan.

Global Rapid Medical Diagnostic Kits MarketRequest Free Sample

Rapid Medical Diagnostic Kits Market: Growth Dynamics

The surge in an aging population prone to chronic disorders will culminate into massive growth of rapid medical diagnostics kits market over years ahead. Apart from this, low costs of products will translate into humongous growth of industry over forthcoming years. Furthermore, the healthcare sector in developing economies is also making use of rapid medical diagnostic kits to facilitate quick disease diagnosis. This, in turn, will steer growth of rapid medical diagnostic kits industry over upcoming years. With massive increase in disposable income, developed countries have been using rapid medical diagnostics kits since past few years, thereby raising product demand in years ahead. Massive product penetration in the healthcare sector can be attributed to its ability to increase the pace of etiologic diagnosis of patients affected due to chronic disorders.

Furthermore, rise in occurrence of contagious diseases such as COVID-19, Hepatitis-B, Influenza, and Tuberculosis will culminate into immense growth of rapid medical diagnostic kits industry over years ahead. With the introduction of new rapid diagnostics tests for arresting microbial proliferation, the market for rapid medical diagnostics kits is slated to witness elongated growth over years ahead.

Regional Outlook

North America To Dominate Overall Market Size By 2028

Growth of the regional market over the forecast timespan can be credited to the presence of numerous diagnostic firms in countries such as the U.S. In addition to this, a prominent rise in the number of COVID-19 patients in countries such as the U.S. in the past few years have created immense demand for rapid medical diagnostic kits in the region, thereby driving regional market trends. Additionally, high government focus on preventing disease spread in countries such as Canada and the U.S. has prompted demand for rapid medical diagnostic kits in the region.

Report Scope:

Report Attributes Report Details
Report Name Rapid Medical Diagnostic Kits Market Size Report
Market Size in 2020 USD 13.9 Billion
Market Forecast in 2028 USD 19.1 Billion
Growth Rate CAGR of 3.5%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered ACON Laboratories, Inc., Creative Diagnostics, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Abbott Laboratories, Alfa Scientific Designs, Inc., Artron Laboratories Inc., Danaher Corporation, Cardinal Health, bioMérieux SA, McKesson Medical-Surgical, Inc., Zoetis, BTNX, Inc., Trinity Biotech, F. Hoffmann-La Roche AG, Meridian Bioscience, Inc., and Sight Diagnostics Ltd.
Segments Covered By Product, By Application, By Technology and By Region.
Base Year 2020
Historical Year 2015 to 2019
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Competitive Landscape

  • ACON Laboratories
  • Creative Diagnostics
  • Becton
  • Dickinson and Company
  • Bio-Rad Laboratories
  • Abbott Laboratories
  • Alfa Scientific Designs
  • Artron Laboratories 
  • Danaher Corporation
  • Cardinal Health
  • bioMérieux SA
  • McKesson Medical-Surgical
  • Zoetis
  • BTNX
  • Trinity Biotech
  • F. Hoffmann-La Roche AG
  • Meridian Bioscience
  • and Sight Diagnostics Ltd.

The global Rapid Medical Diagnostic Kits Market is segmented as follows:

By Product

  • OTC Kits
  • Professional Kits

By Application

By Technology

  • Lateral Flow
  • Flow-Through
  • Solid-phase
  • Agglutination Assays

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Surge in aging population prone to chronic disorders will culminate into massive growth of rapid medical diagnostics kits market over years ahead. Apart from this, low costs of products will translate into humongous growth of industry over forthcoming years. Furthermore, healthcare sector in developing economies are also making use of rapid medical diagnostic kits to facilitate quick disease diagnosis. This, in turn, will steer growth of rapid medical diagnostic kits industry over upcoming years. With massive increase in disposable income, developed countries have been using rapid medical diagnostics kits since past few years, thereby raising product demand in years ahead. Massive product penetration in healthcare sector can be attributed to its ability for increasing pace of etiologic diagnosis of patients affected due to chronic disorders. Moreover, rise in occurrence of contagious diseases such as COVID-19, Hepatitis-B, Influenza, and Tuberculosis will culminate into immense growth of rapid medical diagnostic kits industry over years ahead.

According to Zion market research report, the global Rapid Medical Diagnostic Kits Market accrued earnings worth approximately 13.9 (USD Billion) in 2020 and is predicted to gain revenue of about 19.1 (USD Billion) by 2028, is set to record a CAGR of nearly 3.5% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to presence of large number of diagnostic firms in countries such as the U.S. In addition to this, a prominent rise in number of COVID-19 patients in countries such as the U.S. in past few years have created immense demand for rapid medical diagnostic kits in the region, thereby driving regional market trends. Additionally, high government focus on preventing disease spread in countries such as Canada and the U.S. has prompted demand for rapid medical diagnostic kits in region.

The key market participants include ACON Laboratories, Inc., Creative Diagnostics, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Abbott Laboratories, Alfa Scientific Designs, Inc., Artron Laboratories Inc., Danaher Corporation, Cardinal Health, bioMérieux SA, McKesson Medical-Surgical, Inc., Zoetis, BTNX, Inc., Trinity Biotech, F. Hoffmann-La Roche AG, Meridian Bioscience, Inc., and Sight Diagnostics Ltd.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed