Global Infectious Disease Rapid Diagnostic Testing Market Forecast to 2030

Emergen Research's new report, titled 'Global Infectious Disease Rapid Diagnostic Testing Market,' is methodically curated by our team of analysts with readers' comprehension in mind, and includes a comprehensive database of industry distribution. The report examines historical and current market scenarios in order to forecast the global Infectious Disease Rapid Diagnostic Testing Market outlook over the forecast period (2022-2030). Researchers took a comprehensive approach to global market analysis, highlighting the factors that influence the market's overall growth. The research employs effective analytical tools such as SWOT analysis and Porter's Five Forces to examine the strengths, weaknesses, opportunities, and threats associated with the growth of various market segments.

According to the most recent report by Emergen Research, the size of the global market for infectious disease quick diagnostic testing is anticipated to reach USD 51.01 billion in 2030 and see a revenue CAGR of 7.0% during the projected period. Some of the main elements influencing market revenue growth are the rise of COVID-19 and the rising occurrence of infectious disorders. Infectious disease quick diagnostic testing has been in high demand due to the increased prevalence of infectious diseases in both industrialised and developing nations. Since the pandemic, there has been a huge increase in the demand for testing kits as the necessity to detect and track infectious diseases has been given a high priority. Furthermore, over the projected period, a rise in the need for preventative care is anticipated to boost the need for infectious disease diagnostics.

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Competitive Terrain:

The global Infectious Disease Rapid Diagnostic Testing industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Abbott Laboratories, Danaher Corporation, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Corporation, BioMérieux SA, BD (Becton, Dickinson, and Company), Siemens Healthineers AG, PerkinElmer Inc., Bio-Rad Laboratories, Inc., and Sysmex Corporation

Research Report on the Infectious Disease Rapid Diagnostic Testing Market Addresses the Following Key Questions:

• Who are the dominant players of the Infectious Disease Rapid Diagnostic Testing market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Infectious Disease Rapid Diagnostic Testing market?
• What are the key growth drivers and restraining factors of the Infectious Disease Rapid Diagnostic Testing market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Infectious Disease Rapid Diagnostic Testing market and its key segments?

Market Overview:

The report bifurcates the Infectious Disease Rapid Diagnostic Testing market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Product Service Outlook (Revenue, USD Billion; 2019–2030)
• Reagent Kits
• Instruments
• Data Management Software
• Service

• Technology Outlook (Revenue, USD Billion; 2019–2030)
• Immunoassay
1. Enzyme-linked Immunosorbent Assay (ELISA)
2. Enzyme-linked Immunospot Assay (ELISpot)
• Polymerize Chain Reaction (PCR)
• Isothermal Nucleic Acid Amplification Technology (INAAT)
• DNA Microarray
• Clinical Microbiology
• Other Technologies

• Disease Outlook (Revenue, USD Billion; 2019–2030)
• Hepatitis
• Influenza
• HIV/AIDS
• HPV
• CT/NG
• Tuberculosis
• HAIs
• Covid-19
• Others

Regional Landscape section of the Infectious Disease Rapid Diagnostic Testing report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights From the Report

• Reagents kits segment revenue is expected to register a steady growth rate during the forecast period due to rising demand for kits and reagents in research and clinical settings. Ongoing COVID-19 infections in some countries is also driving use of reagents and kits.
• Polymerize Chain Reaction (PCR) segment accounted for a significantly large revenue share in 2021 owing to increasing use of PCR in molecular diagnostics as well as use of Reverse Transcription–Polymerase Chain Reaction (RT-PCR) in the COVID-19 test. Automation of PCR equipment and introduction of advanced technologies such as qRT-PCR are expected to drive revenue growth of this segment.
• Market in Asia Pacific is expected to register a considerably rapid revenue growth rate in the global infectious disease rapid diagnostic testing market over the forecast period due to increasing research development activities in the healthcare industry in China and Japan. Moreover, high prevalence of chronic diseases, coupled with government initiatives to support diagnosis of infectious diseases, are key factors driving revenue growth of the market in the region.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Infectious Disease Rapid Diagnostic Testing market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• Estimated increase in the consumption rate
• Proposed growth of the market share of each region
• Geographical contribution to market revenue
• Expected growth rate of the regional markets

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