Bharat Book Bureau Provides the Trending Market Research Report on “Global Rapid Test Kit Market By Type (Rapid Antigen Test v/s Rapid Antibody Test), By Product Type (Over-the-counter (OTC) Rapid Test Kit v/s Professional Rapid Test Kit), By Technology (Lateral Flow Assays, Agglutination, Immunospot Assay, Solid Phase), By Duration (Less than 10 minutes, Less than 30 minutes, Less than 1 hour, 1 hour-2 hour, Others), By Application (Infectious Disease, Cardiology, Oncology, Pregnancy & Fertility, Toxicology, Glucose Monitoring, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Home Care, Others), By Region, Forecast & Opportunities, 2026”under  Life Sciences Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Rapid Test Kit Market was valued at USD 23.44 Billion in 2020 and is expected to grow at a formidable rate of 8.14% during the forecast period. The global rapid test kit market is driven by the growing prevalence of various infectious diseases. Additionally, benefits associated with rapid test kits such as low cost, accuracy, early disease diagnosis, quick results, stability at high temperature, among others are further expected to propel the market growth through 2026.

Moreover, sudden outbreak and spread of pandemic COVID-19 has drastically increased the demand for rapid test kits, thereby fueling the market growth during the forecast period. Many major biotechnology and pharmaceutical companies have developed their own rapid test kits, and many are still investing, researching and working on the development of better and advanced rapid test kits. This in turn is expected to create lucrative opportunities for the market growth over the next few years.The global rapid test kit market is segmented based on type, product type, technology, duration, application, end-user, company and region. Based on product type, the market can be split into over-the-counter (OTC) rapid test kit and professional rapid test kit.

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Regionally, the global rapid test kit market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate in the overall rapid test kit market owing to the well-established healthcare infrastructure and presence of major pharmaceutical and biotechnology giants in the region. However, Asia-Pacific is expected to witness robust growth in the market owing to presence of large pool of patients suffering from various life-threatening conditions in economies such as China and India.

Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026

Objective of the Study:

• To analyze and estimate the market size of global rapid test kit market from 2016 to 2019.

• To estimate and forecast the market size of global rapid test kit market from 2020 to 2021 and growth rate until 2026.

• To classify and forecast global rapid test kit market based on type, product type, technology, duration, application, end users, company and regional distribution.

• To identify dominant region or segment in the global rapid test kit market.

• To identify drivers and challenges for global rapid test kit market.

• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global rapid test kit market.

• To identify and analyze the profile of leading players operating in global rapid test kit market.

• To identify key sustainable strategies adopted by market players in global rapid test kit market.

Over Research calculated the market size of global rapid test kit market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Over Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Over Research.

Key Target Audience:
• Rapid test kit manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to rapid test kit
• Market research and consulting firms

Report Scope:

In this report, global rapid test kit market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Global Rapid Test Kit Market, By Type:
o Rapid Antigen Test
o Rapid Antibody Test

• Global Rapid Test Kit Market, By Product Type:
o Over-the-counter (OTC) Rapid Test Kit
o Professional Rapid Test Kit

• Global Rapid Test Kit Market, By Technology:
o Lateral Flow Assays
o Immunospot Assay
o Agglutination
o Solid Phase

• Global Rapid Test Kit Market, By End Users:
o Hospitals & Clinics
o Diagnostic Centers
o Home Care
o Others

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