Rapid Medical Diagnostic Kits Market Overview
A rapid diagnostic test is essentially used in primary or emergency medical screening with medical facilities with limited resources. Rapid diagnostic kits are widely used in hospitals and clinical laboratories for the qualitative and quantitative detection of specific antigens, antibodies, and generic materials or proteins associated with a specific health condition or disease, helping to reveal the underlying mechanisms of disease and enabling physicians and healthcare providers. Workers make important medical decisions. A diagnostic kit is a product containing the reagents and other items necessary to perform a test to detect or measure the presence of a given biomarker in a patient sample. Diagnostic tests can be antigen-based, which detect protein markers outside the virus, or they can be molecular-based (including PCR, LAMP, CRISPR), which detect viral genomic material specific to SARS-CoV-2. A diagnostic kit is an in vitro diagnostic product for which a pre-market regulates such products in another market. The analytical and clinical validity of a diagnostic kit is reviewed prior to marketing the test system and, therefore, prior to use of the test system on patient samples in a clinical diagnostic/therapeutic context (clinical validity refers to the accuracy with which the diagnostic kit detects, measures, or predicts the presence or absence of a clinical condition or predisposition in a patient). Rapid diagnostic tests detect parasite-specific antigens in a drop of fresh blood by lateral flow immunochromatography. Rapid antigen tests are most accurate when used in people with signs or symptoms of COVID-19, especially in the first week of illness. Rapid Medical Diagnostics is proud to be part of the commercialization and rollout of urine based Bilharzia (Schistosoma) diagnostic test strips, the production of rapid test strips is the culmination of years of research and hard work by many people and organizations. Increasing need and awareness of rapid medical assessment of chronic diseases, growing demand for point of care diagnostics, increasing influx of portable rapid testing devices will drive the rapid medical diagnostic kits market in the coming years, increasing number of infectious disease cases and growing support geriatric population. Furthermore, increasing demand for bedside diagnostic testing will provide lucrative opportunities for rapid diagnostics market growth.
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Attributes |
Details |
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Rapid Medical Diagnostic Kits Market Value (2022) |
US$ 20.4 Bn |
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Rapid Medical Diagnostic Kits Market Projected Value(2032) |
US$ 31.0 Bn |
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Rapid Medical Diagnostic Kits Market CAGR (2022-2032) |
5.8% |
Rapid Medical Diagnostic Kits Market Dynamics
The major factors driving the market growth are increasing demand for rapid diagnostic tests in decentralized settings and increasing awareness of early diagnosis among people and growing bedside diagnostic testing will provide lucrative opportunities for rapid diagnostic market growth. Additionally, relatively low cost of medical diagnostic kits and increasing knowledge about available technologies for diagnosis of infectious diseases are also driving the market. However, lack of awareness about the new rapid diagnostic tests available in the market restrains the growth of the rapid diagnostic market. Rising demand for point-of-care diagnostics, rise in infectious disease cases, and growing geriatric population across the globe are some of the key factors fueling the market growth. Growing needs and rapid medical assessment of chronic diseases, increasing market demand is expected to drive the rapid medical diagnostic kits market in the coming years. The coronavirus pandemic has affected most businesses around the world, disrupting supply chain management and logistics delivery. Forced lockdown, shutdown of production and manufacturing activities has hindered the rapid medical diagnostic kit market.
Technological advancement
Increasing demand for technologically advanced medical diagnostic kits is expected to drive the global market, creating potential revenue opportunities for market players. Conversely, with the advent of advanced technologies such as lab-based PCR and molecular diagnostics, demand for rapid diagnostic tests is expected to slow. Manufactures involved in Rapid Medical Diagnostic Kits Market are developing advanced versions of their products due to new age technological advancements. Key players of Rapid Medical Diagnostic Kits are investing more in power systems and creating more modern, timesaving, cost-effective technology that has a positive impact on the Rapid Medical Diagnostic Kits Market. In December 2022, IMMY, a medical technology manufacturer, has been awarded a 3-year, $1.5 million National Institute of Allergy and Infectious Diseases contract to develop and validate a Taleromyces point-of-care test. Talaromycosis diagnosis currently relies on culture and histopathological evaluation, which requires expertise and laboratory capabilities that do not exist outside of major hospitals in the region.
Rapid Medical Diagnostic Kits Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Rapid Medical Diagnostic Kits Market is segmented based on product, technology, Application, End User and region. On the basis of product, the Rapid Medical Diagnostic Kits Market is segmented into Over-The-Counter (OTC) Kits, Professional Kits. On the basis of technology, the target market is classified into Lateral Flow, Solid Phase. On the basis of application, the target market is classified into Fertility & Pregnancy Testing, Blood Glucose Testing, Infectious Disease Testing, Cardiometabolic Testing, Fecal Occult Blood Testing, Coagulation Testing, Toxicology Testing, Lipid Profile Testing, and Other Applications. On the basis of end user, the Rapid Medical Diagnostic Kits Market is segmented into Hospitals & Clinics, Homecare, and Diagnostic Laboratories.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Rapid Medical Diagnostic Kits Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the leading position in the global rapid medical diagnostic kits market during the forecast period. The region is growing rapidly due to the increasing number of healthcare organizations adopting these diagnostic kits to detect various infectious diseases caused by bacteria and viruses.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Product - Over-The-Counter (OTC) Kits, Professional Kits By Technology - Lateral Flow, Solid Phase By Application - Fertility & Pregnancy Testing, Blood Glucose Testing, Infectious Disease Testing, Cardiometabolic Testing, Fecal Occult Blood Testing, Coagulation Testing, Toxicology Testing, Lipid Profile Testing, Other Applications. End User - Hospitals & Clinics, Homecare, Diagnostic Laboratories |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Rapid Medical Diagnostic Kits Market report based on product, technology, application, end user and region:
Rapid Medical Diagnostic Kits Market, By Product:
- Over-The-Counter (OTC) Kits
- Professional Kits
Rapid Medical Diagnostic Kits Market, By Technology:
- Lateral Flow
- Solid Phase
Rapid Medical Diagnostic Kits Market, By Application:
- Fertility & Pregnancy Testing
- Blood Glucose Testing
- Infectious Disease Testing
- Cardiometabolic Testing
- Fecal Occult Blood Testing
- Coagulation Testing
- Toxicology Testing
- Lipid Profile Testing
- Other Applications
Rapid Medical Diagnostic Kits Market, By End User:
- Hospitals & Clinics
- Homecare
- Diagnostic Laboratories
Rapid Medical Diagnostic Kits Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Rapid Medical Diagnostic Kits Market Key Players
The key players operating the Rapid Medical Diagnostic Kits Market includes, ACON Laboratories Inc., Abbott Laboratories, Becton, Cardinal Health, Danaher Corporation, Meridian Bioscience, Inc., McKesson Medical-Surgical Inc., Sight Diagnostics Ltd, Trinity Biotech, Roche Diagnostics, Accriva Diagnostics.
Recent Developments:
- In March 2022, ACON Laboratories, Inc., manufacturer of the "Flowflex COVID-19 Antigen Home Test", says it has identified US distribution, adulterated and misbranded counterfeit products with the trade name "Flowflex SARS-CoV-2 Antigen Rapid" test".
- In December 2022, Abbott launched a concussion coalition with the Brain Injury Association of America Rebel Wilson.
Rapid Medical Diagnostic Kits Market Company Profile
- ACON Laboratories Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Abbott Laboratories
- Becton
- Cardinal Health
- Danaher Corporation
- Meridian Bioscience, Inc.
- McKesson Medical-Surgical Inc.
- Sight Diagnostics Ltd
- Trinity Biotech
- Roche Diagnostics
- Accriva Diagnostics
“*” marked represents similar segmentation in other categories in the respective section
Rapid Medical Diagnostic Kits Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Applications
- Key Thickness Insights
- Secondary Data
- Major Secondary Applications
- Secondary Applications
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Rapid Medical Diagnostic Kits Market, By Product
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Over-The-Counter (OTC) Kits
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Professional Kits
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Rapid Medical Diagnostic Kits Market, By Technology
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Lateral Flow
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Solid Phase
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Rapid Medical Diagnostic Kits Market, By Application
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Fertility & Pregnancy Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Blood Glucose Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Infectious Disease Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cardiometabolic Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Fecal Occult Blood Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Coagulation Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Toxicology Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Lipid Profile Testing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Other Applications
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Rapid Medical Diagnostic Kits Market, By End User
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Hospitals & Clinics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Homecare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Diagnostic Laboratories
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Rapid Medical Diagnostic Kits Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- ACON Laboratories Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Abbott Laboratories
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Becton
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cardinal Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Danaher Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Meridian Bioscience, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- McKesson Medical- Surgical Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sight Diagnostics Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Trinity Biotech
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Roche Diagnostic
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Accriva Diagnostics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Rapid Medical Diagnostic Kits Market is segmented based on product, technology, Application, End User and region.
The major factors driving the market growth are increasing demand for rapid diagnostic tests in decentralized settings and increasing awareness of early diagnosis among people and growing bedside diagnostic testing will provide lucrative opportunities for rapid diagnostic market growth.
North America is expected to hold the leading position in the global rapid medical diagnostic kits market during the forecast period. The region is growing rapidly due to the increasing number of healthcare organizations adopting these diagnostic kits to detect various infectious diseases caused by bacteria and viruses.
The Key players operating in the Rapid Medical Diagnostic Kits Market includes ACON Laboratories Inc., Abbott Laboratories, Becton, Cardinal Health, Danaher Corporation, Meridian Bioscience, Inc., McKesson Medical-Surgical Inc., Sight Diagnostics Ltd, Trinity Biotech, Roche Diagnostics, Accriva Diagnostics.