The global Rapid Tests market size was valued at US$ 10290 million in 2023. With growing demand in downstream market, the Rapid Tests is forecast to a readjusted size of US$ 14060 million by 2030 with a CAGR of 4.6% during review period.
The research report highlights the growth potential of the global Rapid Tests market. Rapid Tests are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Rapid Tests. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Rapid Tests market.
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’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.
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.
Key Features:
The report on Rapid Tests market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Rapid Tests market. It may include historical data, market segmentation by Type (e.g., Over-the-counter (OTC) Rapid Test Product, Professional Rapid Test Product), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Rapid Tests market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Rapid Tests market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Rapid Tests industry. This include advancements in Rapid Tests technology, Rapid Tests new entrants, Rapid Tests new investment, and other innovations that are shaping the future of Rapid Tests.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Rapid Tests market. It includes factors influencing customer ' purchasing decisions, preferences for Rapid Tests product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Rapid Tests market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Rapid Tests market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Rapid Tests market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Rapid Tests industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Rapid Tests market.
Market Segmentation:
Rapid Tests market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Over-the-counter (OTC) Rapid Test Product
Professional Rapid Test Product
Segmentation by application
Infectious Disease
Cardiology
Oncology
Pregnancy and Fertility
Toxicology
Glucose Monitoring
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Rapid Tests Market Size 2019-2030
2.1.2 Rapid Tests Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Rapid Tests Segment by Type
2.2.1 Over-the-counter (OTC) Rapid Test Product
2.2.2 Professional Rapid Test Product
2.3 Rapid Tests Market Size by Type
2.3.1 Rapid Tests Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Rapid Tests Market Size Market Share by Type (2019-2024)
2.4 Rapid Tests Segment by Application
2.4.1 Infectious Disease
2.4.2 Cardiology
2.4.3 Oncology
2.4.4 Pregnancy and Fertility
2.4.5 Toxicology
2.4.6 Glucose Monitoring
2.4.7 Others
2.5 Rapid Tests Market Size by Application
2.5.1 Rapid Tests Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Rapid Tests Market Size Market Share by Application (2019-2024)
3 Rapid Tests Market Size by Player
3.1 Rapid Tests Market Size Market Share by Players
3.1.1 Global Rapid Tests Revenue by Players (2019-2024)
3.1.2 Global Rapid Tests Revenue Market Share by Players (2019-2024)
3.2 Global Rapid Tests Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Rapid Tests by Regions
4.1 Rapid Tests Market Size by Regions (2019-2024)
4.2 Americas Rapid Tests Market Size Growth (2019-2024)
4.3 APAC Rapid Tests Market Size Growth (2019-2024)
4.4 Europe Rapid Tests Market Size Growth (2019-2024)
4.5 Middle East & Africa Rapid Tests Market Size Growth (2019-2024)
5 Americas
5.1 Americas Rapid Tests Market Size by Country (2019-2024)
5.2 Americas Rapid Tests Market Size by Type (2019-2024)
5.3 Americas Rapid Tests Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Rapid Tests Market Size by Region (2019-2024)
6.2 APAC Rapid Tests Market Size by Type (2019-2024)
6.3 APAC Rapid Tests Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Rapid Tests by Country (2019-2024)
7.2 Europe Rapid Tests Market Size by Type (2019-2024)
7.3 Europe Rapid Tests Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Rapid Tests by Region (2019-2024)
8.2 Middle East & Africa Rapid Tests Market Size by Type (2019-2024)
8.3 Middle East & Africa Rapid Tests Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Rapid Tests Market Forecast
10.1 Global Rapid Tests Forecast by Regions (2025-2030)
10.1.1 Global Rapid Tests Forecast by Regions (2025-2030)
10.1.2 Americas Rapid Tests Forecast
10.1.3 APAC Rapid Tests Forecast
10.1.4 Europe Rapid Tests Forecast
10.1.5 Middle East & Africa Rapid Tests Forecast
10.2 Americas Rapid Tests Forecast by Country (2025-2030)
10.2.1 United States Rapid Tests Market Forecast
10.2.2 Canada Rapid Tests Market Forecast
10.2.3 Mexico Rapid Tests Market Forecast
10.2.4 Brazil Rapid Tests Market Forecast
10.3 APAC Rapid Tests Forecast by Region (2025-2030)
10.3.1 China Rapid Tests Market Forecast
10.3.2 Japan Rapid Tests Market Forecast
10.3.3 Korea Rapid Tests Market Forecast
10.3.4 Southeast Asia Rapid Tests Market Forecast
10.3.5 India Rapid Tests Market Forecast
10.3.6 Australia Rapid Tests Market Forecast
10.4 Europe Rapid Tests Forecast by Country (2025-2030)
10.4.1 Germany Rapid Tests Market Forecast
10.4.2 France Rapid Tests Market Forecast
10.4.3 UK Rapid Tests Market Forecast
10.4.4 Italy Rapid Tests Market Forecast
10.4.5 Russia Rapid Tests Market Forecast
10.5 Middle East & Africa Rapid Tests Forecast by Region (2025-2030)
10.5.1 Egypt Rapid Tests Market Forecast
10.5.2 South Africa Rapid Tests Market Forecast
10.5.3 Israel Rapid Tests Market Forecast
10.5.4 Turkey Rapid Tests Market Forecast
10.5.5 GCC Countries Rapid Tests Market Forecast
10.6 Global Rapid Tests Forecast by Type (2025-2030)
10.7 Global Rapid Tests Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Akers Biosciences, Inc.
11.1.1 Akers Biosciences, Inc. Company Information
11.1.2 Akers Biosciences, Inc. Rapid Tests Product Offered
11.1.3 Akers Biosciences, Inc. Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Akers Biosciences, Inc. Main Business Overview
11.1.5 Akers Biosciences, Inc. Latest Developments
11.2 Abbott
11.2.1 Abbott Company Information
11.2.2 Abbott Rapid Tests Product Offered
11.2.3 Abbott Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Abbott Main Business Overview
11.2.5 Abbott Latest Developments
11.3 Becton, Dickinson and Company
11.3.1 Becton, Dickinson and Company Company Information
11.3.2 Becton, Dickinson and Company Rapid Tests Product Offered
11.3.3 Becton, Dickinson and Company Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Becton, Dickinson and Company Main Business Overview
11.3.5 Becton, Dickinson and Company Latest Developments
11.4 Bio-rad Laboratories, Inc.
11.4.1 Bio-rad Laboratories, Inc. Company Information
11.4.2 Bio-rad Laboratories, Inc. Rapid Tests Product Offered
11.4.3 Bio-rad Laboratories, Inc. Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Bio-rad Laboratories, Inc. Main Business Overview
11.4.5 Bio-rad Laboratories, Inc. Latest Developments
11.5 Cepheid, Inc.
11.5.1 Cepheid, Inc. Company Information
11.5.2 Cepheid, Inc. Rapid Tests Product Offered
11.5.3 Cepheid, Inc. Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Cepheid, Inc. Main Business Overview
11.5.5 Cepheid, Inc. Latest Developments
11.6 Hologic, Inc.
11.6.1 Hologic, Inc. Company Information
11.6.2 Hologic, Inc. Rapid Tests Product Offered
11.6.3 Hologic, Inc. Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Hologic, Inc. Main Business Overview
11.6.5 Hologic, Inc. Latest Developments
11.7 Meridian Bioscience, Inc.
11.7.1 Meridian Bioscience, Inc. Company Information
11.7.2 Meridian Bioscience, Inc. Rapid Tests Product Offered
11.7.3 Meridian Bioscience, Inc. Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Meridian Bioscience, Inc. Main Business Overview
11.7.5 Meridian Bioscience, Inc. Latest Developments
11.8 OraSure Technologies, Inc.
11.8.1 OraSure Technologies, Inc. Company Information
11.8.2 OraSure Technologies, Inc. Rapid Tests Product Offered
11.8.3 OraSure Technologies, Inc. Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 OraSure Technologies, Inc. Main Business Overview
11.8.5 OraSure Technologies, Inc. Latest Developments
11.9 Quidel Corporation
11.9.1 Quidel Corporation Company Information
11.9.2 Quidel Corporation Rapid Tests Product Offered
11.9.3 Quidel Corporation Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Quidel Corporation Main Business Overview
11.9.5 Quidel Corporation Latest Developments
11.10 Roche Diagnostics
11.10.1 Roche Diagnostics Company Information
11.10.2 Roche Diagnostics Rapid Tests Product Offered
11.10.3 Roche Diagnostics Rapid Tests Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Roche Diagnostics Main Business Overview
11.10.5 Roche Diagnostics Latest Developments
12 Research Findings and Conclusion
*If Applicable.