Rapid Tests Market, Global Outlook and Forecast 2023-2029

Rapid tests are often referred to as point-of-care tests because rather than sending a blood sample to a laboratory, the test can be conducted and the result read in a doctorﾒs office or a community setting, without specialised laboratory equipment. The sample taken is usually either finger-prick blood or saliva.

For people taking a test, the defining feature is that the result can usually be given within 20 or 30 minutes, which is often more convenient and can mean that many more people actually receive their test results.
This report aims to provide a comprehensive presentation of the global market for Rapid Tests, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Rapid Tests. This report contains market size and forecasts of Rapid Tests in global, including the following market information:
Global Rapid Tests Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Rapid Tests market was valued at US$ 10820 million in 2022 and is projected to reach US$ 14440 million by 2029, at a CAGR of 4.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Factors such as increase in awareness regarding early diagnosis of disease, prevalence of infectious diseases, and the need for low-cost diagnostic testing coupled with diagnosis accuracy are expected to boost the growth of the rapid tests market during the forecast period. In addition, growth in personalized care and increase in promotional activities by manufacturers encourage the use of rapid tests, thereby propelling the growth of the market.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Rapid Tests companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Rapid Tests Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Rapid Tests Market Segment Percentages, by Type, 2022 (%)
    Over-the-counter (OTC) Rapid Test Product
    Professional Rapid Test Product
Global Rapid Tests Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Rapid Tests Market Segment Percentages, by Application, 2022 (%)
    Infectious Disease
    Cardiology
    Oncology
    Pregnancy and Fertility
    Toxicology
    Glucose Monitoring
    Others
Global Rapid Tests Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Rapid Tests Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Rapid Tests revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Rapid Tests revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Akers Biosciences, Inc.
    Abbott
    Becton, Dickinson and Company
    Bio-rad Laboratories, Inc.
    Cepheid, Inc.
    Hologic, Inc.
    Meridian Bioscience, Inc.
    OraSure Technologies, Inc.
    Quidel Corporation
    Roche Diagnostics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Rapid Tests, market overview.
Chapter 2: Global Rapid Tests market size in revenue.
Chapter 3: Detailed analysis of Rapid Tests company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Rapid Tests in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.