Rapid Medical Diagnostic Kit Market Report: Trends, Forecast and Competitive Analysis to 2030

Rapid Medical Diagnostic Kit Trends and Forecast

The future of the global rapid medical diagnostic kit market looks promising with opportunities in the hospitals & clinics, home care, and diagnostic laboratory markets. The global rapid medical diagnostic kit market is expected to reach an estimated $32.0 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are the growing awareness of the need for point-of-care diagnostics, quick medical diagnosis of chronic illnesses, and rising numbers of infectious illness cases.

A more than 150-page report is developed to help in your business decisions.

Rapid Medical Diagnostic Kit by Segment

The study includes a forecast for the global rapid medical diagnostic kit by product, technology, application, end use, and region.

Rapid Medical Diagnostic Kit Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Over The Counter Kits
• Professional Kits

Rapid Medical Diagnostic Kit Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Lateral Flow
• Agglutination
• Solid Phase
• Others

Rapid Medical Diagnostic Kit Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Blood Glucose Testing
• Infectious Disease Testing
• Cardiometabolic Testing
• Pregnancy And Fertility Testing
• Fecal Occult Blood Testing
• Coagulation Testing
• Toxicology Testing
• Lipid Profile Testing
• Others

Rapid Medical Diagnostic Kit Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Clinics
• Home Care
• Diagnostic Laboratories

Rapid Medical Diagnostic Kit Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Rapid Medical Diagnostic Kit Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rapid medical diagnostic kit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rapid medical diagnostic kit companies profiled in this report include-

• ACON Laboratories
• Abbott
• Artron Laboratories
• Alfa Scientific Designs
• BD
• bioMerieux
• BTNX
• Bio-Rad Laboratories
• Danaher
• Cardinal Health

Rapid Medical Diagnostic Kit Market Insights

Lucintel forecasts that blood glucose testing will remain the largest segment over the forecast period due to the availability of several quick blood glucose tests and their widespread use are the main drivers of the segment's growth.

North America will remain the largest region over the forecast period because of high rates of diabetes and other illnesses among the local populace, as well as, growing public knowledge of the healthcare sector and patients' ever-increasing needs.

Features of the Global Rapid Medical Diagnostic Kit Market

Market Size Estimates: Rapid medical diagnostic kit market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Rapid medical diagnostic kit market size by various segments, such as by product, technology, application, end use, and region in terms of value ($B).

Regional Analysis: Rapid medical diagnostic kit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, technology, application, end use, and regions for the rapid medical diagnostic kit market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rapid medical diagnostic kit market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the rapid medical diagnostic kit market size?

Answer: The global rapid medical diagnostic kit market is expected to reach an estimated $32.0 billion by 2030.

Q2. What is the growth forecast for rapid medical diagnostic kit market?

Answer: The global rapid medical diagnostic kit market is expected to grow with a CAGR of 5.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the rapid medical diagnostic kit market?

Answer: The major drivers for this market are the growing awareness of the need for point-of-care diagnostics, quick medical diagnosis of chronic illnesses, and rising numbers of infectious illness cases.

Q4. What are the major segments for rapid medical diagnostic kit market?

Answer: The future of the global rapid medical diagnostic kit market looks promising with opportunities in the hospitals & clinics, home care, and diagnostic laboratory markets.

Q5. Who are the key rapid medical diagnostic kit market companies?

Answer: Some of the key rapid medical diagnostic kit companies are as follows.

• ACON Laboratories
• Abbott
• Artron Laboratories
• Alfa Scientific Designs
• BD
• bioMerieux
• BTNX
• Bio-Rad Laboratories
• Danaher
• Cardinal Health

Q6. Which rapid medical diagnostic kit market segment will be the largest in future?

Answer: Lucintel forecasts that blood glucose testing will remain the largest segment over the forecast period due to the availability of several quick blood glucose tests and their widespread use are the main drivers of the segment's growth.

Q7. In rapid medical diagnostic kit market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period because of high rates of diabetes and other illnesses among the local populace, as well as, growing public knowledge of the healthcare sector and patients' ever-increasing needs.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the rapid medical diagnostic kit market by product (over the counter kits and professional kits), technology (lateral flow, agglutination, solid phase, and others), 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), end use (hospitals & clinics, home care, and diagnostic laboratories), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?