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Rapid Tests-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Rapid Tests market size is expected to reach US$ 14630 million by 2029, growing at a CAGR of 4.4% from 2023 to 2029. The market is mainly driven by the significant applications of Rapid Tests in various end use industries. The expanding demands from the Infectious Disease, Cardiology, Oncology and Pregnancy and Fertility, are propelling Rapid Tests market. Over-the-counter (OTC) Rapid Test Product, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Professional Rapid Test Product segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Rapid Tests, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Rapid Tests market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Rapid Tests market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Rapid Tests sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Rapid Tests covered in this report include Akers Biosciences, Inc., Abbott, Becton, Dickinson and Company, Bio-rad Laboratories, Inc., Cepheid, Inc., Hologic, Inc., Meridian Bioscience, Inc., OraSure Technologies, Inc. and Quidel Corporation, etc.
The global Rapid Tests market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Rapid Tests market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Rapid Tests market, Segment by Type:
Over-the-counter (OTC) Rapid Test Product
Professional Rapid Test Product
Global Rapid Tests market, by Application
Infectious Disease
Cardiology
Oncology
Pregnancy and Fertility
Toxicology
Glucose Monitoring
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Rapid Tests companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Rapid Tests market size is expected to reach US$ 14630 million by 2029, growing at a CAGR of 4.4% from 2023 to 2029. The market is mainly driven by the significant applications of Rapid Tests in various end use industries. The expanding demands from the Infectious Disease, Cardiology, Oncology and Pregnancy and Fertility, are propelling Rapid Tests market. Over-the-counter (OTC) Rapid Test Product, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Professional Rapid Test Product segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Rapid Tests, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Rapid Tests market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Rapid Tests market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Rapid Tests sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Rapid Tests covered in this report include Akers Biosciences, Inc., Abbott, Becton, Dickinson and Company, Bio-rad Laboratories, Inc., Cepheid, Inc., Hologic, Inc., Meridian Bioscience, Inc., OraSure Technologies, Inc. and Quidel Corporation, etc.
The global Rapid Tests market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Rapid Tests market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Rapid Tests market, Segment by Type:
Over-the-counter (OTC) Rapid Test Product
Professional Rapid Test Product
Global Rapid Tests market, by Application
Infectious Disease
Cardiology
Oncology
Pregnancy and Fertility
Toxicology
Glucose Monitoring
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Rapid Tests companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Rapid Tests
1.1 Rapid Tests Market Overview
1.1.1 Rapid Tests Product Scope
1.1.2 Rapid Tests Market Status and Outlook
1.2 Global Rapid Tests Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Rapid Tests Market Size by Region (2018-2029)
1.4 Global Rapid Tests Historic Market Size by Region (2018-2023)
1.5 Global Rapid Tests Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Rapid Tests Market Size (2018-2029)
1.6.1 North America Rapid Tests Market Size (2018-2029)
1.6.2 Europe Rapid Tests Market Size (2018-2029)
1.6.3 Asia-Pacific Rapid Tests Market Size (2018-2029)
1.6.4 Latin America Rapid Tests Market Size (2018-2029)
1.6.5 Middle East & Africa Rapid Tests Market Size (2018-2029)
2 Rapid Tests Market by Type
2.1 Introduction
2.1.1 Over-the-counter (OTC) Rapid Test Product
2.1.2 Professional Rapid Test Product
2.2 Global Rapid Tests Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Rapid Tests Historic Market Size by Type (2018-2023)
2.2.2 Global Rapid Tests Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Rapid Tests Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Rapid Tests Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Rapid Tests Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Rapid Tests Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Rapid Tests Revenue Breakdown by Type (2018-2029)
3 Rapid Tests Market Overview by Application
3.1 Introduction
3.1.1 Infectious Disease
3.1.2 Cardiology
3.1.3 Oncology
3.1.4 Pregnancy and Fertility
3.1.5 Toxicology
3.1.6 Glucose Monitoring
3.1.7 Others
3.2 Global Rapid Tests Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Rapid Tests Historic Market Size by Application (2018-2023)
3.2.2 Global Rapid Tests Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Rapid Tests Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Rapid Tests Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Rapid Tests Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Rapid Tests Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Rapid Tests Revenue Breakdown by Application (2018-2029)
4 Rapid Tests Competition Analysis by Players
4.1 Global Rapid Tests Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Rapid Tests as of 2022)
4.3 Date of Key Players Enter into Rapid Tests Market
4.4 Global Top Players Rapid Tests Headquarters and Area Served
4.5 Key Players Rapid Tests Product Solution and Service
4.6 Competitive Status
4.6.1 Rapid Tests Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Akers Biosciences, Inc.
5.1.1 Akers Biosciences, Inc. Profile
5.1.2 Akers Biosciences, Inc. Main Business
5.1.3 Akers Biosciences, Inc. Rapid Tests Products, Services and Solutions
5.1.4 Akers Biosciences, Inc. Rapid Tests Revenue (US$ Million) & (2018-2023)
5.1.5 Akers Biosciences, Inc. Recent Developments
5.2 Abbott
5.2.1 Abbott Profile
5.2.2 Abbott Main Business
5.2.3 Abbott Rapid Tests Products, Services and Solutions
5.2.4 Abbott Rapid Tests Revenue (US$ Million) & (2018-2023)
5.2.5 Abbott Recent Developments
5.3 Becton, Dickinson and Company
5.3.1 Becton, Dickinson and Company Profile
5.3.2 Becton, Dickinson and Company Main Business
5.3.3 Becton, Dickinson and Company Rapid Tests Products, Services and Solutions
5.3.4 Becton, Dickinson and Company Rapid Tests Revenue (US$ Million) & (2018-2023)
5.3.5 Bio-rad Laboratories, Inc. Recent Developments
5.4 Bio-rad Laboratories, Inc.
5.4.1 Bio-rad Laboratories, Inc. Profile
5.4.2 Bio-rad Laboratories, Inc. Main Business
5.4.3 Bio-rad Laboratories, Inc. Rapid Tests Products, Services and Solutions
5.4.4 Bio-rad Laboratories, Inc. Rapid Tests Revenue (US$ Million) & (2018-2023)
5.4.5 Bio-rad Laboratories, Inc. Recent Developments
5.5 Cepheid, Inc.
5.5.1 Cepheid, Inc. Profile
5.5.2 Cepheid, Inc. Main Business
5.5.3 Cepheid, Inc. Rapid Tests Products, Services and Solutions
5.5.4 Cepheid, Inc. Rapid Tests Revenue (US$ Million) & (2018-2023)
5.5.5 Cepheid, Inc. Recent Developments
5.6 Hologic, Inc.
5.6.1 Hologic, Inc. Profile
5.6.2 Hologic, Inc. Main Business
5.6.3 Hologic, Inc. Rapid Tests Products, Services and Solutions
5.6.4 Hologic, Inc. Rapid Tests Revenue (US$ Million) & (2018-2023)
5.6.5 Hologic, Inc. Recent Developments
5.7 Meridian Bioscience, Inc.
5.7.1 Meridian Bioscience, Inc. Profile
5.7.2 Meridian Bioscience, Inc. Main Business
5.7.3 Meridian Bioscience, Inc. Rapid Tests Products, Services and Solutions
5.7.4 Meridian Bioscience, Inc. Rapid Tests Revenue (US$ Million) & (2018-2023)
5.7.5 Meridian Bioscience, Inc. Recent Developments
5.8 OraSure Technologies, Inc.
5.8.1 OraSure Technologies, Inc. Profile
5.8.2 OraSure Technologies, Inc. Main Business
5.8.3 OraSure Technologies, Inc. Rapid Tests Products, Services and Solutions
5.8.4 OraSure Technologies, Inc. Rapid Tests Revenue (US$ Million) & (2018-2023)
5.8.5 OraSure Technologies, Inc. Recent Developments
5.9 Quidel Corporation
5.9.1 Quidel Corporation Profile
5.9.2 Quidel Corporation Main Business
5.9.3 Quidel Corporation Rapid Tests Products, Services and Solutions
5.9.4 Quidel Corporation Rapid Tests Revenue (US$ Million) & (2018-2023)
5.9.5 Quidel Corporation Recent Developments
5.10 Roche Diagnostics
5.10.1 Roche Diagnostics Profile
5.10.2 Roche Diagnostics Main Business
5.10.3 Roche Diagnostics Rapid Tests Products, Services and Solutions
5.10.4 Roche Diagnostics Rapid Tests Revenue (US$ Million) & (2018-2023)
5.10.5 Roche Diagnostics Recent Developments
6 North America
6.1 North America Rapid Tests Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Rapid Tests Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Rapid Tests Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Rapid Tests Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Rapid Tests Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Rapid Tests Market Dynamics
11.1 Rapid Tests Industry Trends
11.2 Rapid Tests Market Drivers
11.3 Rapid Tests Market Challenges
11.4 Rapid Tests Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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