The analysis of the micro Infectious Disease Rapid Diagnostic Testing market with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets, the researchers also dig deep into their future prospect and contribution to the Infectious Disease Rapid Diagnostic Testing industry. The report on global Infectious Disease Rapid Diagnostic Testing market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focusing on for the estimated period.
The global infectious disease rapid diagnostic testing market size is expected to reach USD 51.01 Billion in 2030 and register a revenue CAGR of 7.0% during the forecast period. Rise in number of cases of Severe Acute Respiratory Syndrome Coronavirus-19 (SARS-Cov-19) has led to increased demand for infectious disease rapid diagnostic testing products globally. Presently, majority of countries are focusing on flattening the curve of community transmissions of coronavirus, which is driving demand for diagnostics products. Another factor driving product demand is scale-up of manufacturing capabilities by market players to meet rising product demand in the current scenario, as well as to prepare for future situations.
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Global Infectious Disease Rapid Diagnostic Testing Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
The latest study provides an insightful analysis of the broad competitive landscape of the global Infectious Disease Rapid Diagnostic Testing market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report.
Some major companies in the market report include 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.
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
- North America
- Latin America
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Product Type Outlook:
- Reagent Kits
- Data Management Software
- Hospital Clinical Laboratories
- Diagnostic Center
- Academic Research Institutions
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- 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.
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