Stratview Research delivers key insights into the global Rapid Diagnostic Kits Market. According to Stratview Research, the market is segmented by Product (Over The Counter (OTC) Kits, Professional Kits), by Technology (Lateral Flow, Agglutination, Solid Phase, Others), by Application (Blood Glucose Testing, Infectious Disease Testing, Cardiometabolic Testing, Pregnancy, and Fertility Testing, Fecal Occult Blood Testing, Coagulation Testing, Toxicology Testing, Lipid Profile Testing, and Others), by End Use (Hospitals & Clinics, Home Care, Diagnostic Laboratories), and Region (NA, Europe, APAC, ROW).

Market Insights

The report suggests that the overall rapid diagnostic kits market is projected to grow from USD 14.7 billion in 2022 to USD 18.3 billion by 2028 at a CAGR of 3.66% during the forecast period.

What are rapid diagnostic kits?

The healthcare industry recently is focusing to expedite disease diagnosis through testing. Consequently, rapid diagnostic test kits have been developed to offer instant access to diagnose patients with various types of diseases and decide the kind of required treatment. These rapid diagnostic kits offer quick results and are cost-effective and easily available.

Market Dynamics

Growing need and awareness regarding the rapid medical evaluation of chronic diseases, high influx of portable rapid testing devices in the market, increasing demand for point-of-care diagnostics, the surge in the number of infectious disease cases, and rising geriatric population across the globe are some of the key factors augmenting the market growth. The collaborative efforts of the government bodies with local authorities to achieve overall control of the management and treatment of infectious diseases are further expected to bolster the product demand.

Key Players

The following are some of the key players in the Rapid Diagnostic Kits Market:

  • Acon Laboratories, Inc. (The U.S),
  • Alfa Scientific Designs Inc. (The U.S),
  • Abbott Laboratories (The U.S),
  • Artron Laboratories Inc. (Canada),
  • Becton, Dickinson And Company (The U.S),
  • BTNX Inc (Canada),
  • bioMérieux SA (France),
  • Bio-Rad Laboratories, Inc. (The U.S),
  • Cardinal Health (The U.S), and
  • Danaher Corporation (The U.S).

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