Rapid Tests Market Size, Share | Analysis and Growth Forecast - 2022 - PowerPoint PPT Presentation

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Rapid Tests Market Size, Share | Analysis and Growth Forecast - 2022

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The global market for rapid test has grown exponentially in the last few years. The market size is projected to reach USD 15.71 Billion by 2022, growing at a CAGR of around 7.7% from 2017. Emerging countries such as India, China, India, Brazil, and Argentina are the potential primary markets of the industry. Factors such as rising demand for rapid test result to enhance productivity, increasing food recalls to ensure consumer safety, stringent regulatory environment, and the emergence of new technologies are the major driving factors for this market. – PowerPoint PPT presentation

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Title: Rapid Tests Market Size, Share | Analysis and Growth Forecast - 2022


1
MarketsandMarkets Presents
Rapid Test Market - Forecast to 2022
https//www.marketsandmarkets.com/Market-Reports/r
apid-testing-market-161522931.html
2
The report "Rapid Test Market (Services) by
Technology (PCR, Immunoassay, HPLC, GC-MS,
LC-MS/MS), Contaminant (Pathogens, Meat
speciation, GMO, Allergens, Pesticides,
Mycotoxin, Heavy Metals), Food Tested (Processed,
Crops), and Region - Global Forecast to 2022,
The rapid test market, in terms of value, was
valued at USD 10.14 Billion in 2016. It is
projected to reach USD 15.71 Billion by 2022, at
a CAGR of 7.7 from 2017. Rapid test includes the
testing of food products for various contaminants
such as pathogens, meat speciation, GMOs,
allergens, pesticides, mycotoxins, heavy metals,
and others. The growing demand for faster as well
as quantitative test results to ensure food
safety is driving the market for rapid test.
Browse 99 Market Data Tables and 48 Figures
spread through 225 Pages and in-depth TOC
on "Rapid Test Market - Global Forecast to
2022 Significant growth for rapid test is
observed in the Asia-Pacific region The
requirement for rapid test has grown in the
region in recent years, owing to an increase in
consumer awareness in the Asia-Pacific region
regarding the safety of food products. The growth
in this market is fueled by the economic
development in countries such as China and India.
Food safety procedure compliance in Europe (a
major importer) is severe, and in order to hold
the food trade, Chinese food producers have to
comply with the food standards and regulations.
China is a potential market for rapid test due to
various factors such as unhygienic food
practices, human negligence, regulatory
violations, and fraudulent practices growing
incidences of foodborne illness due to
contaminated food. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id161522931
3
  • The years considered for the study are as
    follows
  • Base Year 2016
  • Estimated Year 2017
  • Projected Year 2022
  • Forecast Period 2017 to 2022
  • The objectives of the study are
  • To define, segment, and forecast the size of the
    rapid test market with respect to contaminant,
    technology, food tested, and region
  • To analyze the market structure by identifying
    various subsegments of the rapid test market
  • To forecast the size of the market and its
    various submarkets with respect to four main
    regions, namely, North America, Asia Pacific,
    Europe, and the Rest of the World (RoW)
  • To provide detailed information about crucial
    factors that are influencing the growth of the
    market (drivers, restraints, opportunities, and
    challenges)
  • To analyze opportunities in the market for
    stakeholders and provide details of the
    competitive landscape for market leaders
  • To strategically profile key players and
    comprehensively analyze their market share and
    core competencies
  • To analyze competitive developments such as
    expansions investments, acquisitions, new
    product/service technology launches,
    agreements, collaborations, and partnerships in
    the rapid test market
  • Make an Inquiry https//www.marketsandmarkets.com
    /Enquiry_Before_BuyingNew.asp?id161522931

4
Pathogens testing dominated the market in
2016 In developing and under-developed
countries, pathogens are major causes of
foodborne illnesses and death whereas in
developed countries, millions of cases of
infectious gastrointestinal diseases are reported
each year due to foodborne pathogens, costing
billions of dollars in medical care and lost
productivity. Traditional methods, which have
been widely used in pathogen testing of food, are
very time consuming and take as high as 7 to 8
days to provide the results due to which this
segment dominated the market in 2016. PCR-based
segment projected to grow at the highest CAGR, by
technology, from 2017 to 2022 PCR is the
dominant rapid test technology applied in food
testing the market for the same is projected to
grow at a significant rate in the next five
years. The market for PCR-based technology in
rapid test is growing due to the automated,
faster, and accurate results with low level of
detection. Meat seafood products segment
projected to grow at the highest CAGR, by food
tested, from 2017 to 2022 Meat seafood
products are tested by means of rapid test
technologies for various contaminants. Meat
speciation testing, in its different forms, is a
routine practice conducted to safeguard consumer
interest and health, especially against
malpractices such as adulterations. This segment
is expected to grow at a high rate primarily due
to increasing stringency of regulations for meat
products along with increasing cases of
contaminated meat. Request Sample
https//www.marketsandmarkets.com/requestsampleNew
.asp?id161522931  
5
  • Target Audience
  • RD institutes
  • Technology providers
  • Rapid test service providers
  • Intermediary suppliers
  • Wholesalers
  • Dealers
  • Consumers
  • Available Customizations
  • The following customization options are available
    for the report
  • Segmental Analysis
  • Segmental analysis, which provides further
    breakdown of the in the pathogens, meat
    speciation, GMOs, allergens, pesticides,
    mycotoxins, and heavy metals in contaminant
    segment.
  • Geographic Analysis
  • Further breakdown of the Rest of Asia-Pacific
    rapid test market, by country
  • Further breakdown of other countries in the Rest
    of the World rapid test market, by key country

6
Contact Us
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.comBlog _at_
https//mnmblog.org/market-research/agriculture Co
nnect with us on LinkedIn _at_ http//www.linkedin.co
m/company/marketsandmarkets
7
About MarketsandMarkets
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research on 30,000 high growth niche
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market sizing and forecasts of niche markets.
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