Rapid Diagnostics Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
“The factors that are playing a major role in the growth of
market are the growing occurrence of infectious and
chronic diseases, availability of skilled healthcare
personnel’s, the growth in number patients suffering from
diabetes and cardiovascular diseases, and the increasing
presence of OEMs.”
Global rapid diagnostics market is expected to grow at a significant CAGR of 7.56% in the upcoming period
as the scope and its applications are rising enormously across the globe. Rapid diagnostics test (RDT) is a
diagnostic assay designed for use at the point-of-care (POC) or emergency medical screening. It is easy to
operate, available at low cost, stable at the high temperature, and are sensitive.
The factors that are playing a major role in the growth of market are the growing occurrence of infectious
and chronic diseases, availability of skilled healthcare personnel’s, the growth in number patients suffering
from diabetes and cardiovascular diseases, and the increasing presence of OEMs. However, time -consuming
and strict regulatory policies may restrain overall market growth in the years to come. Rapid diagnostics
market is segmented based on product type, application, end user, and region.
Professional and over-the-counter (OTC) rapid diagnostics test are the product types that could be explored
in rapid diagnostics in the forecast period. The market may be categorized based on application s like
coagulation testing, blood glucose testing, toxicology testing, cardio metabolic testing, fecal occult testing,
infectious disease testing, pregnancy and fertility testing, and others could be explored in rapid diagnostics
in the forecast period. The blood glucose-testing sector accounted for the substantial share of rapid
diagnostics market and is estimated to lead the overall market in the years to come. In addition, pregnancy
and fertility testing sector is estimated to grow at the fastest pace in the years to come.
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