Categories
Business

Sales Of Rapid Medical Diagnostic Kits Is Forecast To Expand At A CAGR Of 4% By 2033

The rapid medical diagnostic kits market is forecast to expand at a CAGR of 4% from 2021 to 2031, expected to reach US$ 23.1 Bn. According to Fact.MR, blood glucose testing is anticipated to generate new growth frontiers, growing 2x across the forecast period. As of 2021, the overall market is anticipated to reach US$ 15.6 Bn.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Rapid Medical Diagnostic Kits Market both at worldwide and provincial levels.

Download Sample Copy of This Report: –https://www.factmr.com/connectus/sample?flag=S&rep_id=5584?PJ 

Key Points Addressed in Rapid Medical Diagnostic Kits Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Rapid Medical Diagnostic Kits and How to Navigate

Competitive Landscape

Manufacturers benefit from strategic collaborations by increasing production and meeting consumer demand. Notable developments concerning deployment of rapid medical diagnostic kits are as follows:

  • On January 26th, 2021, Innova Medical Group, Inc., announced the production of INNOVA SARS-CoV-2 Antigen Rapid Qualitative Test Kit for the U.S market, designed to provide 5 million test kit production per day by the end of the month and also expanding to 50 million rapid test kits per day in its expanded Orange County facility
  • Likewise, in June 2021, Hoffmann-La Roche obtained the CE mark for its SARS-CoV-2 Antigen Self Nasal testing kit across home settings. After this development, the company hopes to extend its outreach across various countries through pharmacies and other distribution channels, in packs of five

Key Companies Profiled

  • ACON Laboratories Inc.
  • Abbott Laboratories
  • Artron Laboratories Inc.
  • Alfa Scientific Designs, Inc.
  • Becton, Dickinson, and Company
  • BTNX, Inc.
  • bioMérieux SA
  • Cardinal Health
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Creative Diagnostics
  • Meridian Bioscience, Inc.
  • F. Hoffmann-La Roche AG

Key Segments Covered

  • Test 
    • Rapid Medical Diagnostic Kits for Cholesterol Monitoring
    • Rapid Medical Diagnostic Kits for Infectious Diseases Testing
  • Application 
    • Rapid Medical Diagnostic Kits for Hospitals & Clinics
    • Rapid Medical Diagnostic Kits for Homecare Settings
    • Rapid Medical Diagnostic Kits for Veterinary Settings
    • Rapid Medical Diagnostic Kits for Fertility & Pregnancy Testing
    • Rapid Medical Diagnostic Kits for Blood Glucose Testing
    • Rapid Medical Diagnostic Kits for Other Tests
    • Rapid Medical Diagnostic Kits for Substance Abuse Testing

What is Stimulating Demand for Rapid Medical Diagnostic Kits for Homecare Settings?

Although rapid home-based COVID-19 tests have lower sensitivity, its results may increase the likelihood of reducing the spread of disease. Furthermore, inadequate access to proper healthcare facilities, especially in remote areas, has emphasized need for these medical diagnostic kits.

Kits for home testing can save money and provide a secure and private procedure for assessing vital signs, while others can alert patients to potential health hazards. Hence, Fact.MR expects demand for this segment to account for 30% demand in forthcoming years.

Categories
Pharmaceutical

Rapid Medical Diagnostic Kits Market: Increasing Prevalence Rates of Infectious Diseases Stimulating Adoption – Fact.MR Analysis

250 Pages Rapid Medical Diagnostic Kits Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Rapid Medical Diagnostic Kits to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Rapid Medical Diagnostic Kits market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5584

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Rapid Medical Diagnostic Kits market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Rapid Medical Diagnostic Kits

Rapid medical diagnostic kits market forecast analysis by Fact.MR

The report offers actionable and valuable market insights of Rapid Medical Diagnostic Kits. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Rapid Medical Diagnostic Kits Market across various industries and regions

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=5584

Key Segments Covered

  • Test
    • Rapid Medical Diagnostic Kits for Cholesterol Monitoring
    • Rapid Medical Diagnostic Kits for Infectious Diseases Testing
  • Application
    • Rapid Medical Diagnostic Kits for Hospitals & Clinics
    • Rapid Medical Diagnostic Kits for Homecare Settings
    • Rapid Medical Diagnostic Kits for Veterinary Settings
    • Rapid Medical Diagnostic Kits for Fertility & Pregnancy Testing
    • Rapid Medical Diagnostic Kits for Blood Glucose Testing
    • Rapid Medical Diagnostic Kits for Other Tests
    • Rapid Medical Diagnostic Kits for Substance Abuse Testing

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/5584

Key Takeaways from the Market Study

  • Blood glucose testing to usher in 2x growth of the rapid medical diagnostic kits market
  • Testing for infectious diseases to remain prominent, accounting for over 40% market revenue
  • Rapid medical testing kits for homecare settings to account for 3 out of 10 sales
  • U.S to be an opportunistic market, yielding 30% revenue and surging at 5% CAGR
  • Japan to register a CAGR of 5% with regard to rapid medical diagnostic kits demand
  • China to be the fastest expanding market, registering a CAGR worth 7% from 2021-2031

“Rising mutations in pathological genes is leading to increased outbreaks of infectious diseases. Furthermore, high sedentary lifestyle frequencies are augmenting diabetes incidences. Both trends will collectively accelerate the need for rapid medical diagnostic kits,” says an analyst at Fact.MR

Competitive Landscape

Manufacturers benefit from strategic collaborations by increasing production and meeting consumer demand. With the help of the latest products on the market, end-users will be able to take advantage of some of these technologies that are fully integrated with the latest products to monitor their health.

  • In September 2021, Diagnostics firm LumiraDx, completed a merger with CAHC worth US$ 3 billion. The company offers five tests under the LumiraDx Platform, including the COVID-19 test solutions. Moreover, the company has ten testing products that are scheduled for regulatory approval or submission by the end of 2022, including tests for troponin, flu, and congestive heart failure.
  • In June 2021, Healthtech Unicorn Ro purchased Kit as it expanded into at-home diagnostics. With this acquisition, Kit will continue to operate independently of Ro, while the firm still serves its existing B2B clients such as insurance firms and other digital health companies.

Read More Trending Reports of Fact.MR- https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/

Report Benefits & Key Questions Answered

  • Rapid Medical Diagnostic Kits Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Rapid Medical Diagnostic Kits Historical volume analysis: The report provides a comparison of Rapid Medical Diagnostic Kits’s historical sales and projected sales performance for 2021-2031.
  • Rapid Medical Diagnostic Kits Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Rapid Medical Diagnostic Kits market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Rapid Medical Diagnostic Kits Consumption by demographics: The report investigates consumer behavior affecting Rapid Medical Diagnostic Kits demand outlook for the assessment period. Effect of their keenness for digital trends on Rapid Medical Diagnostic Kits market is carefully analyzed
  • Post COVID consumer spending on Rapid Medical Diagnostic Kits: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Rapid Medical Diagnostic Kits market growth.

More Valuable Insights on Rapid Medical Diagnostic Kits Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Rapid Medical Diagnostic Kits, Sales and Demand of Rapid Medical Diagnostic Kits, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Explore Fact.MR’s Comprehensive Coverage on Healthcare Domain:

Fluoro Enzymatic Assays Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

Shower Chairs Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

Infrared Thermometer Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Pharmaceutical

Rapid Medical Diagnostic Kits Market: Increasing Prevalence Rates of Infectious Diseases Stimulating Adoption – Fact.MR Study

250 Pages Rapid Medical Diagnostic Kits Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Rapid Medical Diagnostic Kits to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Rapid Medical Diagnostic Kits market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5584

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Rapid Medical Diagnostic Kits market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Rapid Medical Diagnostic Kits

Rapid medical diagnostic kits market forecast analysis by Fact.MR

The report offers actionable and valuable market insights of Rapid Medical Diagnostic Kits. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Rapid Medical Diagnostic Kits Market across various industries and regions

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=5584

Key Segments Covered

  • Test
    • Rapid Medical Diagnostic Kits for Cholesterol Monitoring
    • Rapid Medical Diagnostic Kits for Infectious Diseases Testing
  • Application
    • Rapid Medical Diagnostic Kits for Hospitals & Clinics
    • Rapid Medical Diagnostic Kits for Homecare Settings
    • Rapid Medical Diagnostic Kits for Veterinary Settings
    • Rapid Medical Diagnostic Kits for Fertility & Pregnancy Testing
    • Rapid Medical Diagnostic Kits for Blood Glucose Testing
    • Rapid Medical Diagnostic Kits for Other Tests
    • Rapid Medical Diagnostic Kits for Substance Abuse Testing

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/5584

Key Takeaways from the Market Study

  • Blood glucose testing to usher in 2x growth of the rapid medical diagnostic kits market
  • Testing for infectious diseases to remain prominent, accounting for over 40% market revenue
  • Rapid medical testing kits for homecare settings to account for 3 out of 10 sales
  • U.S to be an opportunistic market, yielding 30% revenue and surging at 5% CAGR
  • Japan to register a CAGR of 5% with regard to rapid medical diagnostic kits demand
  • China to be the fastest expanding market, registering a CAGR worth 7% from 2021-2031

“Rising mutations in pathological genes is leading to increased outbreaks of infectious diseases. Furthermore, high sedentary lifestyle frequencies are augmenting diabetes incidences. Both trends will collectively accelerate the need for rapid medical diagnostic kits,” says an analyst at Fact.MR

Competitive Landscape

Manufacturers benefit from strategic collaborations by increasing production and meeting consumer demand. With the help of the latest products on the market, end-users will be able to take advantage of some of these technologies that are fully integrated with the latest products to monitor their health.

  • In September 2021, Diagnostics firm LumiraDx, completed a merger with CAHC worth US$ 3 billion. The company offers five tests under the LumiraDx Platform, including the COVID-19 test solutions. Moreover, the company has ten testing products that are scheduled for regulatory approval or submission by the end of 2022, including tests for troponin, flu, and congestive heart failure.
  • In June 2021, Healthtech Unicorn Ro purchased Kit as it expanded into at-home diagnostics. With this acquisition, Kit will continue to operate independently of Ro, while the firm still serves its existing B2B clients such as insurance firms and other digital health companies.

Read More Trending Reports of Fact.MR- https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/

Report Benefits & Key Questions Answered

  • Rapid Medical Diagnostic Kits Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Rapid Medical Diagnostic Kits Historical volume analysis: The report provides a comparison of Rapid Medical Diagnostic Kits’s historical sales and projected sales performance for 2021-2031.
  • Rapid Medical Diagnostic Kits Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Rapid Medical Diagnostic Kits market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Rapid Medical Diagnostic Kits Consumption by demographics: The report investigates consumer behavior affecting Rapid Medical Diagnostic Kits demand outlook for the assessment period. Effect of their keenness for digital trends on Rapid Medical Diagnostic Kits market is carefully analyzed
  • Post COVID consumer spending on Rapid Medical Diagnostic Kits: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Rapid Medical Diagnostic Kits market growth.

More Valuable Insights on Rapid Medical Diagnostic Kits Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Rapid Medical Diagnostic Kits, Sales and Demand of Rapid Medical Diagnostic Kits, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Explore Fact.MR’s Comprehensive Coverage on Healthcare Domain:

Fluoro Enzymatic Assays Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

Shower Chairs Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

Infrared Thermometer Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Pharmaceutical

Increasing Prevalence Of Infectious Diseases Has Spurred Demand For Rapid Medical Diagnostic Kits

Market Snapshot

The rapid medical diagnostic kits market is forecast to expand at a CAGR of 4% from 2021 to 2031, expected to reach US$ 23.1 Bn. According to Fact.MR, blood glucose testing is anticipated to generate new growth frontiers, growing 2x across the forecast period. As of 2021, the overall market is anticipated to reach US$ 15.6 Bn.

Request Sample   https://www.factmr.com/connectus/sample?flag=S&rep_id=5584

Key Points Addressed in Rapid Medical Diagnostic Kits Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Rapid Medical Diagnostic Kits and How to Navigate
  • Recommendation on Key Winning Strategies

Request Customization https://www.factmr.com/connectus/sample?flag=RC&rep_id=5584

Key Segments Covered

  • Test
    • Rapid Medical Diagnostic Kits for Cholesterol Monitoring
    • Rapid Medical Diagnostic Kits for Infectious Diseases Testing
  • Application
    • Rapid Medical Diagnostic Kits for Hospitals & Clinics
    • Rapid Medical Diagnostic Kits for Homecare Settings
    • Rapid Medical Diagnostic Kits for Veterinary Settings
    • Rapid Medical Diagnostic Kits for Fertility & Pregnancy Testing
    • Rapid Medical Diagnostic Kits for Blood Glucose Testing
    • Rapid Medical Diagnostic Kits for Other Tests
    • Rapid Medical Diagnostic Kits for Substance Abuse Testing

Buy Now  https://www.factmr.com/checkout/5584

Competitive Landscape

Manufacturers benefit from strategic collaborations by increasing production and meeting consumer demand. Notable developments concerning deployment of rapid medical diagnostic kits are as follows:

  • On January 26th, 2021, Innova Medical Group, Inc., announced the production of INNOVA SARS-CoV-2 Antigen Rapid Qualitative Test Kit for the U.S market, designed to provide 5 million test kit production per day by the end of the month and also expanding to 50 million rapid test kits per day in its expanded Orange County facility
  • Likewise, in June 2021, Hoffmann-La Roche obtained the CE mark for its SARS-CoV-2 Antigen Self Nasal testing kit across home settings. After this development, the company hopes to extend its outreach across various countries through pharmacies and other distribution channels, in packs of five

How is Increasing Prevalence Rates of Infectious Diseases Stimulating Adoption?

A high incidence rate of infections both inside and outside the home has increased the need for people to use rapid testing kits at home. Diagnostic results can be delivered at the point of care thereby decreasing the need for multiple visits to obtain the results of diagnostic tests and thereby improving the specificity of the diagnosis.

As a result, the chances of the patient receiving treatment increase, and the likelihood of presumptive treatment is reduced, where the patient will more likely become ill in the interim. In response to the growing need to detect pathogens and to know the infection source, rapid diagnostic have been gaining popularity in the market. The increasing use of technologies on the market has yielded a nationwide increase in the demand for these tests on the market.

For More Insights- https://www.biospace.com/article/rising-incidence-of-strokes-and-spinal-cord-injuries-spurring-the-growth-of-rehabilitation-robots-market-fact-mr/

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com