Rapid Diagnostic Tests (RDT) Market Size, Share, Trends, Growth and Competitive Analysis 2029
"Global Rapid Diagnostic Tests (RDT) Market Report presents market data, such as trends, consumer behavior, and competitive analyses, in a way that allows businesses to identify opportunities in the market. The objective of the market research is understood very clearly by DBMR team before the creation of report is commenced. Intense research takes place to accurately analyze market dynamics and consumer behaviour included in the report.
Global Rapid Diagnostic Tests (RDT) Market, By Product Type (Consumables and Kits, Instruments and Others), Mode (Professional Rapid Diagnostic Test Product and Over-The-Counter [OTC] Rapid Diagnostic Test Product), Technology (PCR-Based, Flow-Through Assays, Lateral Flow Immunochromatographic Assays, Agglutination Assay, Microfluidics, Substrate Technology and Others), Modality (Laboratory Based Test and Non-Laboratory Based Test), Age Group (Adult and Pediatric), Test Type (Determining Confirmation, Serological Testing and Viral Sequencing), Approach (In-Vitro Diagnostic, Molecular Diagnostic), Specimen (Swab, Blood, Urine, Saliva, Sputum and Others), Application (Infectious Disease Testing, Glucose Monitoring, Cardiology Testing, Oncology Testing, Cardiometabolic Testing, Drugs-of-Abuse Testing, Pregnancy & Fertility Testing, Toxicology Testing, Others), End User (Hospital & Clinic, Diagnostic Laboratory, Home Care Setting, Research and Academic Institutes and Others), Distribution Channel (Direct Tender, Retail Sales, Others), Country (U.S., Canada, and Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and the Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, South Africa, Nigeria, Ethiopia and Rest of Africa) – Industry Trends and Forecast to 2029
The global rapid diagnostic tests (RDT) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.3% in the forecast period of 2022 to 2029 and is expected to reach USD 74,674.92 million by 2029 from USD 38,363.51 million in 2021. The rise in incidence in chronic diseases and technological advancements in rapid diagnostic tests are likely to be the major drivers which propel the demand of the market in the forecast period.
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The rapid diagnostic tests, also called rapid tests, are easy-to-use tests that offer quick results, usually in less than 20 minutes. Unlike other standard and conventional tests, where the diagnosis and sampling are sent to the laboratory, the results obtained from rapid diagnostic test kits are provided at the point of care. The point of care is a place where the patients get cured. The point of care can be a provider's office, a clinic, or a patient's own house.
Market Players Covered:
Some of the major companies in the global rapid diagnostic tests (RDT) market are Abbott, Danaher, Cellex, AdvaCare Pharma, Access Bio, Cardinal Health, Bio-Rad Laboratories, Inc., BD, F. Hoffmann-La Roche Ltd, bioMérieux SA, InBios International, Inc., Gnomegen LLC, QIAGEN, Quidel Corporation, Chembio Diagnostics Systems, Inc., Siemens Healthcare Gmbh (A Subsidiary Siemens Healthineers AG), PerkinElmer Inc., Sekisui Diagnostics, Fujirebio (A Subsidiary of H.U. Group), PTS Diagnostics, LamdaGen Corporation, Werfen, Nova Biomedical, Trinity Biotech, Sysmex Europe GmbH (A Subsidiary of Sysmex Corporation), Luminex Corporation. A DiaSorin Company, MEGAKOR DIAGNOSTK GMBH, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Countries Studied:
- North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Objectives of the Report
- To carefully analyze and forecast the size of the Rapid Diagnostic Tests (RDT) market by value and volume.
- To estimate the market shares of major segments of the Rapid Diagnostic Tests (RDT)
- To showcase the development of the Rapid Diagnostic Tests (RDT) market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Rapid Diagnostic Tests (RDT) market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Rapid Diagnostic Tests (RDT)
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Rapid Diagnostic Tests (RDT) market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Key questions answered
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- How feasible is Rapid Diagnostic Tests (RDT) Market for long-term investment?
- What are influencing factors driving the demand for Rapid Diagnostic Tests (RDT) near future?
- What is the impact analysis of various factors in the Global Rapid Diagnostic Tests (RDT) market growth?
- What are the recent trends in the regional market and how successful they are?
- Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America
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