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Rapid Test Market Value Strategic Analysis | Key Players SGS SA, Intertek Group plc, Eurofins Scientific, TÜV SÜD, ALS Limited

Rapid Test report endows with an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining the crucial insight of the industry. The report identifies the most recent improvements, market share, and systems applied by the significant market. With the widespread analysis of the market, it puts forth overview of the market regarding type and applications, featuring the key business resources and key players. The Rapid Test market report offers a great understanding of the current market situation with the historic and upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the market.

Global rapid test market is expected to grow at a substantial CAGR of 8.8% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rise in the requirement for a rapid test results to improve productivity is the major factor for the growth of the market. 

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Complete report on Global Rapid Test Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures 

Market Definition: Global Rapid Test Market 

The rapid test is preliminary screening test which are easy to use and having high quality. These tests are used for point-of-care (POC) which provides specific, sensitive and faster results within 10 minutes to 2 hours. It is used to test malaria and other infections such as AIDS, Influenza, HPV and Hepatitis infection.

According to the survey conducted by World Health Organizations (WHO) for the world malaria report 2018, it stated that the total sale in2017 was about 276 million. Almost 66% rapid tests were provided to sub-Saharan Africa. It is observed that the use of malaria test was increased from 40% to 75% in sub-Saharan Africa. These rapid tests have certain importance as epidemiological tools, additionally to use as diagnostics. These are used for lymphatic filariasis. Rapid tests are not used for diseases that are generally diagnosed from syndrome, but can prevent over-dose of antibiotics.

Global Rapid Test Market By Product (Over-the-Counter [OTC] Rapid Test Product, Professional Rapid Test Product), Contaminant (Pathogens, Meat Speciation, GMOS, Allergens, Pesticides, Mycotoxins, Heavy Metals, Others), Technology (PCR-Based, Immunoassay-Based, Chromatography-Based, Spectroscopy-Based), Food Tested (Meat & Seafood Products, Dairy Products, Processed Food, Fruits & Vegetables, Cereals & Grains, Nuts, Seeds and Spices,  Crops, Others), Application (Infectious Disease, Cardiology, Oncology, Pregnancy & Fertility, Toxicology, Glucose Monitoring, Others), End User (Hospital & Clinic, Diagnostic Laboratory, Home Care and Others), Geography   (North America, South America, Europe, Asia-Pacific AND Middle East and Africa) – Industry Trends and Forecast to 2026 

Key Questions Answered in Global Rapid Test Market Report:- 

Our Report offers:- 

  • What will the market growth rate, Overview and Analysis by Type of Global Rapid Test Market in 2026?
  • What are the key factors driving, Analysis by Applications and Countries Global Rapid Test Market?
  • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Rapid Test Market?
  • Who are Opportunities, Risk and Driving Force of Global Rapid Test Market?
  • Who are the opportunities and threats faced by the vendors in Global Rapid Test Market? Business Overview by Type, Applications, Gross Margin and Market Share
  • What are the Global Rapid Test Market opportunities, market risk and market overview of the Market? 

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Top Key Players:

  • Bureau Veritas,
  • SGS SA,
  • Intertek Group plc,
  • Eurofins Scientific,
  • TÜV SÜD,
  • ALS Limited,
  • Mérieux NutriSciences Corporation,
  • AsureQuality Limited,
  • Microbac Laboratories, Inc.,
  • Genetic ID,
  • Romer Labs Division Holding GmbH,
  • OMIC USA Inc,
  • Akers Biosciences, Inc.,
  • Abbott,
  • BD,
  • Bio-Rad Laboratories, Inc.,
  • Danaher,
  • Hologic, Inc.,
  • Meridian Bioscience,
  • OraSure Technologies, Inc.,
  • Quidel Corporation
  • Hoffmann-La Roche Ltd
  • among others. 

Market Drivers:

  • Rising product recalls due to stringent regulations in developed countries is propelling the market in the forecast period
  • Increasing incidences of foodborne illness act as a driving force for the market
  • Globalization of food business will enhance the growth of the market
  • Increasing consumer awareness for food safety is also driving the market growth 

Market Restraints: 

  • Lack of food control infrastructure will hamper the growth of the market
  • Complexity in testing techniques is hindering the market growth
  • Inadequate reimbursement policies for rapid test diagnostics will act as restraint for the market
  • High cost of testing equipment is also hampering the market in the forecast period 

Key Developments in the Market:

  • In January 2019, OraSure Technologies, Inc. had acquired CoreBiome and Novosanis. This will help to improve the molecular business of a company as well as growth of the company for longer period. This acquisition meets the microbiome research need in the futuristic period and help to achieve more business segmental growth and leadership position
  • In January 2019, Bio-Rad Laboratories, Inc. had introduced qUAntify advance control to use in the clinical labs performing urinalysis testing. This will help the lab experts as well as clinicians for the convenient storage of the product after opening. This enhances the product portfolio as well as profit margin of the company

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Market Segmentations:

Global Rapid Test Market is segmented on the basis of

  • Product
  • Technology
  • Contaminant
  • Food Tested
  • Application
  • End-User
  • Geography

Market Segmentations in Details:

By Product

  • Over-the-Counter [OTC] Rapid Test Product
  • Professional Rapid Test Product

By Technology

  • Immunoassay-Based
  • PCR-Based
  • Chromatography-Based
  • Spectroscopy-Based

By Contaminant

  • Meat speciation
  • Pathogens
  • Allergens
  • Mycotoxin
  • GMO
  • Pesticides
  • Heavy Metals
  • Others

By Food Tested

  • Crops
  • Processed
  • Meat & Seafood Products
  • Dairy & Dairy Products
  • Fruits & Vegetables
  • Cereals & Grains
  • Nuts, Seeds and Spices
  • Others

By Application

  • Cardiology
  • Infectious Disease
  • Pregnancy & Fertility
  • Oncology
  • Glucose Monitoring
  • Toxicology
  • Others

 By End User

  • Hospital & Clinic
  • Home Care
  • Diagnostic Laboratory
  • Others

By Geography

North America

  • S.
  • Canada,
  • Mexico

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Switzerland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Thailand
  • Malaysia
  • Indonesia
  • Philippines
  • Rest of Asia Pacific

South America

  • Brazil
  • Rest of South America

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Competitive Analysis: Global Rapid Test Market

Global rapid test market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rapid test market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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