Rapid Test Kit Market - Global Industry Size, Share, Trend, Opportunity and Forecast 2026 | TechSci Research

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2016 2026
GLOBAL RAPID TEST KIT MARKET FORECAST
OPPORTUNITIES
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• Scope of Report
• Product of Interest (POI) Rapid Test Kit

A rapid diagnostic test is a medical diagnostic
test that is quick and easy to perform. RDTs are
suitable for preliminary or emergency medical
screening and for use in medical facilities with
limited resources.
Market Segmentation
TECHNOLOGY
DURATION

• Lateral Flow Assays
• Agglutination
• Immunospot Assay
• Solid Phase

• Less than 10 minutes
• Less than 30 minutes
• Less than 1 hour
• 1 hour-2 hour
• Others

TYPE

• Rapid Antigen Test
• Rapid Antibody Test

END USERS
PRODUCT TYPE
APPLICATION

• Hospitals Clinics
• Diagnostic Centers
• Home Care
• Others

• Infectious Disease
• Cardiology
• Oncology
• Pregnancy Fertility
• Toxicology
• Glucose Monitoring
• Others

• Over-the-counter (OTC) Rapid Test Kit
• Professional Rapid Test Kit

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• Table of Contents

S. No. Contents Contents Contents Page No.
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Impact of COVID-19 on Global Rapid Test Kit Market Impact of COVID-19 on Global Rapid Test Kit Market Impact of COVID-19 on Global Rapid Test Kit Market
4. Executive Summary Executive Summary Executive Summary
5. Voice of Customer Voice of Customer Voice of Customer
6. Global Rapid Test Kit Market Outlook Global Rapid Test Kit Market Outlook Global Rapid Test Kit Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Type (Rapid Antigen Test v/s Rapid Antibody Test) By Type (Rapid Antigen Test v/s Rapid Antibody Test)
6.2.2. By Product Type (Over-the-counter (OTC) Rapid Test Kit v/s Professional Rapid Test Kit)
6.2.3. By Technology (Lateral Flow Assays, Agglutination, Immunospot Assay, Immunospot Assay, Solid Phase) By Technology (Lateral Flow Assays, Agglutination, Immunospot Assay, Immunospot Assay, Solid Phase)
6.2.4. By Duration (Less than 10 minutes, Less than 30 minutes, Less than 1 hour, 1 hour-2 hour, Others) By Duration (Less than 10 minutes, Less than 30 minutes, Less than 1 hour, 1 hour-2 hour, Others)
6.2.5. By Application (Infectious Disease, Cardiology, Oncology, Pregnancy Fertility, Toxicology, Glucose Monitoring, Others)
6.2.6. By End Users (Hospitals Clinics, Diagnostic Centers, Home Care, Others)
6.2.7. By Company (2020)
6.2.8. By Region By Region
6.3. Product Market Map Product Market Map Product Market Map
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7. Asia-Pacific Rapid Test Kit Market Outlook Asia-Pacific Rapid Test Kit Market Outlook Asia-Pacific Rapid Test Kit Market Outlook Asia-Pacific Rapid Test Kit Market Outlook Asia-Pacific Rapid Test Kit Market Outlook
7.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
7.1.1. By Value By Value By Value
7.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
7.2.1. By Type By Type By Type
7.2.2. By Product Type By Product Type By Product Type
7.2.3. By Technology By Technology By Technology
7.2.4. By Duration By Duration By Duration
7.2.5. By Application By Application By Application
7.2.6. By End Users By End Users By End Users
7.2.7. By Country By Country By Country
7.2.8. List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020
7.3. Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis
7.3.1. China Rapid Test Kit Market Outlook China Rapid Test Kit Market Outlook China Rapid Test Kit Market Outlook
7.3.1.1. Market Size Forecast Market Size Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share Forecast Market Share Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Product Type
7.3.1.2.3. By Technology
7.3.1.2.4. By Duration
7.3.1.2.5. By Application
7.3.1.2.6. By End Users
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7.3.2. India Rapid Test Kit Market Outlook India Rapid Test Kit Market Outlook India Rapid Test Kit Market Outlook
7.3.2.1. Market Size Forecast Market Size Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share Forecast Market Share Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Product Type
7.3.2.2.3. By Technology
7.3.2.2.4. By Duration
7.3.2.2.5. By Application
7.3.2.2.6. By End Users
7.3.3. Australia Rapid Test Kit Market Outlook Australia Rapid Test Kit Market Outlook Australia Rapid Test Kit Market Outlook
7.3.3.1. Market Size Forecast Market Size Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share Forecast Market Share Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Product Type
7.3.3.2.3. By Technology
7.3.3.2.4. By Duration
7.3.3.2.5. By Application
7.3.3.2.6. By End Users
7.3.4. Japan Rapid Test Kit Market Outlook Japan Rapid Test Kit Market Outlook Japan Rapid Test Kit Market Outlook
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7.3.4.1. Market Size Forecast Market Size Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share Forecast Market Share Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Product Type
7.3.4.2.3. By Technology
7.3.4.2.4. By Duration
7.3.4.2.5. By Application
7.3.4.2.6. By End Users
7.3.5. South Korea Rapid Test Kit Market Outlook South Korea Rapid Test Kit Market Outlook South Korea Rapid Test Kit Market Outlook
7.3.5.1. Market Size Forecast Market Size Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share Forecast Market Share Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Product Type
7.3.5.2.3. By Technology
7.3.5.2.4. By Duration
7.3.5.2.5. By Application
7.3.5.2.6. By End Users
8. Europe Rapid Test Kit Market Outlook Europe Rapid Test Kit Market Outlook Europe Rapid Test Kit Market Outlook Europe Rapid Test Kit Market Outlook Europe Rapid Test Kit Market Outlook
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8.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value By Value By Value
8.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Type By Type By Type
8.2.2. By Product Type By Product Type By Product Type
8.2.3. By Technology By Technology By Technology
8.2.4. By Duration By Duration By Duration
8.2.5. By Application By Application By Application
8.2.6. By End Users By End Users By End Users
8.2.7. By Country By Country By Country
8.2.8. List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020
8.3. Europe Country Analysis Europe Country Analysis Europe Country Analysis Europe Country Analysis
8.3.1. France Rapid Test Kit Market Outlook France Rapid Test Kit Market Outlook France Rapid Test Kit Market Outlook
8.3.1.1. Market Size Forecast Market Size Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share Forecast Market Share Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Product Type
8.3.1.2.3. By Technology
8.3.1.2.4. By Duration
8.3.1.2.5. By Application
8.3.1.2.6. By End Users
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8.3.2. Germany Rapid Test Kit Market Outlook Germany Rapid Test Kit Market Outlook Germany Rapid Test Kit Market Outlook
8.3.2.1. Market Size Forecast Market Size Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share Forecast Market Share Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Product Type
8.3.2.2.3. By Technology
8.3.2.2.4. By Duration
8.3.2.2.5. By Application
8.3.2.2.6. By End Users
8.3.3. United Kingdom Rapid Test Kit Market Outlook United Kingdom Rapid Test Kit Market Outlook United Kingdom Rapid Test Kit Market Outlook United Kingdom Rapid Test Kit Market Outlook
8.3.3.1. Market Size Forecast Market Size Forecast Market Size Forecast
8.3.3.1.1. By Value By Value
8.3.3.2. Market Share Forecast Market Share Forecast Market Share Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Product Type
8.3.3.2.3. By Technology
8.3.3.2.4. By Duration
8.3.3.2.5. By Application
8.3.3.2.6 By End Users
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8.3.4. Italy Rapid Test Kit Market Outlook Italy Rapid Test Kit Market Outlook Italy Rapid Test Kit Market Outlook
8.3.4.1. Market Size Forecast Market Size Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share Forecast Market Share Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Product Type
8.3.4.2.3. By Technology
8.3.4.2.4. By Duration
8.3.4.2.5. By Application
8.3.4.2.6. By End Users
8.3.5. Spain Rapid Test Kit Market Outlook Spain Rapid Test Kit Market Outlook Spain Rapid Test Kit Market Outlook
8.3.5.1. Market Size Forecast Market Size Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share Forecast Market Share Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Product Type
8.3.5.2.3. By Technology
8.3.5.2.4. By Duration
8.3.5.2.5. By Application
8.3.5.2.6. By End Users
9. North America Rapid Test Kit Market Outlook North America Rapid Test Kit Market Outlook North America Rapid Test Kit Market Outlook North America Rapid Test Kit Market Outlook North America Rapid Test Kit Market Outlook
9.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
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S. No. Contents Contents Contents Contents Contents Page No.
9.1.1. By Value By Value By Value
9.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
9.2.1. By Type By Type By Type
9.2.2. By Product Type By Product Type By Product Type
9.2.3. By Technology By Technology By Technology
9.2.4. By Duration By Duration By Duration
9.2.5. By Application By Application By Application
9.2.6. By End Users By End Users By End Users
9.2.7. By Country By Country By Country
9.2.8. List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020
9.3. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
9.3.1. United States Rapid Test Kit Market Outlook United States Rapid Test Kit Market Outlook United States Rapid Test Kit Market Outlook
9.3.1.1. Market Size Forecast Market Size Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share Forecast Market Share Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Product Type
9.3.1.2.3. By Technology
9.3.1.2.4. By Duration
9.3.1.2.5. By Application
9.3.1.2.6. By End Users
9.3.2. Canada Rapid Test Kit Market Outlook Canada Rapid Test Kit Market Outlook Canada Rapid Test Kit Market Outlook
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S. No. Contents Contents Contents Contents Contents Page No.
9.3.2.1. Market Size Forecast Market Size Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share Forecast Market Share Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Product Type
9.3.2.2.3. By Technology
9.3.2.2.4. By Duration
9.3.2.2.5. By Application
9.3.2.2.6. By End Users
9.3.3. Mexico Rapid Test Kit Market Outlook Mexico Rapid Test Kit Market Outlook Mexico Rapid Test Kit Market Outlook
9.3.3.1. Market Size Forecast Market Size Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share Forecast Market Share Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Product Type
9.3.3.2.3. By Technology
9.3.3.2.4. By Duration
9.3.3.2.5. By Application
9.3.3.2.6. By End Users
10. South America Rapid Test Kit Market Outlook South America Rapid Test Kit Market Outlook South America Rapid Test Kit Market Outlook South America Rapid Test Kit Market Outlook South America Rapid Test Kit Market Outlook
10.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
10.1.1. By Value By Value By Value
10.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
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S. No. Contents Contents Contents Contents Contents Page No.
10.2.1. By Type By Type By Type
10.2.2. By Product Type By Product Type By Product Type
10.2.3. By Technology By Technology By Technology
10.2.4 By Duration By Duration By Duration
10.2.5. By Application By Application By Application
10.2.6. By End Users By End Users By End Users
10.2.7. By Country By Country By Country
10.2.8. List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020
10.3. South America Country Analysis South America Country Analysis South America Country Analysis South America Country Analysis
10.3.1. Brazil Rapid Test Kit Market Outlook Brazil Rapid Test Kit Market Outlook Brazil Rapid Test Kit Market Outlook
10.3.1.1. Market Size Forecast Market Size Forecast
10.3.1.1.1 By Value
10.3.1.2. Market Share Forecast Market Share Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Product Type
10.3.1.2.3. By Technology
10.3.1.2.4. By Duration
10.3.1.2.5. By Application
10.3.1.2.6. By End Users
10.3.2. Argentina Rapid Test Kit Market Outlook Argentina Rapid Test Kit Market Outlook Argentina Rapid Test Kit Market Outlook
10.3.2.1. Market Size Forecast Market Size Forecast
10.3.2.1.1 By Value
10.3.2.2. Market Share Forecast Market Share Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Product Type
10.3.2.2.3. By Technology
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10.3.2.2.4. By Duration
10.3.2.2.5. By Application
10.3.2.2.6. By End Users
10.3.3. Colombia Rapid Test Kit Market Outlook Colombia Rapid Test Kit Market Outlook Colombia Rapid Test Kit Market Outlook
10.3.3.1. Market Size Forecast Market Size Forecast
10.3.3.1.1 By Value
10.3.3.2. Market Share Forecast Market Share Forecast
10.3.3.2.1. By Type
10.3.2.2.2. By Product Type
10.3.3.2.3. By Technology
10.3.3.2.4. By Duration
10.3.3.2.5. By Application
10.3.3.2.6. By End Users
11. Middle East Africa Rapid Test Kit Market Outlook Middle East Africa Rapid Test Kit Market Outlook Middle East Africa Rapid Test Kit Market Outlook Middle East Africa Rapid Test Kit Market Outlook Middle East Africa Rapid Test Kit Market Outlook
11.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
11.1.1. By Value By Value By Value
11.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
11.2.1. By Type By Type By Type
11.2.2. By Product Type By Product Type By Product Type
11.2.3. By Technology By Technology By Technology
11.2.4. By Duration By Duration By Duration
11.2.5. By Application By Application By Application
11.2.6. By End Users By End Users By End Users
11.2.7. By Country By Country By Country
11.2.8. List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020 List of Approved Major Rapid Test Kit Brand, 2020
11.3. Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis
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11.3.1. South Africa Rapid Test Kit Market Outlook South Africa Rapid Test Kit Market Outlook South Africa Rapid Test Kit Market Outlook
11.3.1.1. Market Size Forecast Market Size Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share Forecast Market Share Forecast
11.3.1.2.1. By Type
11.3.1.2.2. By Product Type
11.3.1.2.3. By Technology
11.3.1.2.4. By Duration
11.3.1.2.5. By Application
11.3.1.2.6. By End Users
11.3.2. Saudi Arabia Rapid Test Kit Market Outlook Saudi Arabia Rapid Test Kit Market Outlook Saudi Arabia Rapid Test Kit Market Outlook
11.3.2.1. Market Size Forecast Market Size Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share Forecast Market Share Forecast
11.3.2.2.1. By Type
11.3.2.2.2. By Product Type
11.3.2.2.3. By Technology
11.3.2.2.4. By Duration
11.3.2.2.5. By Application
11.3.2.2.6. By End Users
11.3.3. UAE Rapid Test Kit Market Outlook UAE Rapid Test Kit Market Outlook UAE Rapid Test Kit Market Outlook
11.3.3.1. Market Size Forecast Market Size Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share Forecast Market Share Forecast
11.3.3.2.1. By Type
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11.3.3.2.2. By Product Type
11.3.3.2.3. By Technology
11.3.3.2.4. By Duration
11.3.3.2.5. By Application
11.3.3.2.6. By End Users
11.3.4. Kuwait Rapid Test Kit Market Outlook Kuwait Rapid Test Kit Market Outlook Kuwait Rapid Test Kit Market Outlook
11.3.4.1. Market Size Forecast Market Size Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share Forecast Market Share Forecast
11.3.4.2.1. By Product Type
11.3.4.2.2. By Technology
11.3.4.2.3. By Duration
11.3.4.2.4. By Application
11.3.4.2.5. By End Users
11.3.4.2.6. By Product Type
12. Market Dynamics Market Dynamics Market Dynamics Market Dynamics Market Dynamics
12.1. Drivers Drivers Drivers Drivers
12.2. Challenges Challenges Challenges Challenges
13. Market Trends Developments Market Trends Developments Market Trends Developments Market Trends Developments Market Trends Developments
14. Competitive Landscape Competitive Landscape Competitive Landscape Competitive Landscape Competitive Landscape
14.1. F. Hoffmann-La Roche AG F. Hoffmann-La Roche AG F. Hoffmann-La Roche AG F. Hoffmann-La Roche AG
14.2. Abbott Laboratories Ltd. Abbott Laboratories Ltd. Abbott Laboratories Ltd. Abbott Laboratories Ltd.
14.3. Siemens Healthineers AG Siemens Healthineers AG Siemens Healthineers AG Siemens Healthineers AG
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S. No. Contents Contents Page No.
14.4. OraSure Technologies, Inc. OraSure Technologies, Inc.
14.5. Becton, Dickinson and Company Becton, Dickinson and Company
14.6. Bio-Rad Laboratories, Inc. Bio-Rad Laboratories, Inc.
14.7. Danaher Corporation (Cepheid, Inc.) Danaher Corporation (Cepheid, Inc.)
14.8. Eurofins Scientific SE Eurofins Scientific SE
14.9. Luminex Corporation Luminex Corporation
14.10. PerkinElmer, Inc. PerkinElmer, Inc.
14.11. Cellex, Inc. Cellex, Inc.
14.12. Thermo Fisher Scientific, Inc. Thermo Fisher Scientific, Inc.
14.13. Mesa Biotech, Inc. Mesa Biotech, Inc.
14.14. BioFire Diagnostics, Inc. BioFire Diagnostics, Inc.
14.15. Akers Biosciences, Inc. Akers Biosciences, Inc.
15. Strategic Recommendations Strategic Recommendations Strategic Recommendations
16. About Us Disclaimer About Us Disclaimer About Us Disclaimer
17
RESEARCH METHODOLOGY
18

• Research Methodology

Market Profiling
Data Analysis
Data Collection
Data Validation
Developing List of Respondents
Formulating Questionnaire
In-depth secondary research was conducted to
determine top players in the global rapid test
kit market, overall market size and segmental
market size.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about the global rapid test kit market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of industry players and industry specialists
was developed.
Primary Research
Desk Research
Company Analysis

• Recent Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Conclusion

• Market Participants
• Key Strengths

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

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• Research Methodology

• Baseline Methodology
• Our dedicated team of industry experts has
  monitored and analyzed various aspects of the
  global rapid test kit market. The team has
  analyzed the outlook of various segments of this
  market, while considering the the major
  influencing factors such as growing prevalence of
  various infectious diseases. The study includes
  market forecasting, which would enable our
  clients to take better decisions while planning
  their strategy to achieve sustainability in the
  global rapid test kit market.
• Methodology Followed for Calculation of Market
  Size
• Market Size by Value Market size, in terms of
  value, for the year 2020 was calculated based on
  information collected through exhaustive
  secondary research and primary surveys, with
  various key opinion leaders/stakeholders, such as
  rapid test kit companies, channel partners,
  market influencers end-users, industry experts,
  and other industry participants.
• The team interviewed more than 15 20 rapid test
  kit companies, 100 120 end-users, and 15 20
  industry experts and other value chain
  stakeholders in the global rapid test kit market
  to obtain the overall market size from 2016 to
  2020, which was validated by the Delphi
  technique. Taking standard deviation into
  consideration, the market size was averaged out,
  to arrive at the market size data during
  2016-2020.

20

• Research Methodology

• Respondents were asked about the current and
  future market growth rates, market shares by
  type, by product type, by technology, by
  duration, by application, by end users, by
  company and by region. Removing the outlier
  responses, the geometric mean of growth estimates
  and provider wise revenue shares generated across
  various segments were considered, to arrive at
  the final revenue shares. Revenue shares
  generated across various segments were further
  triangulated from other stakeholders.
• Methodology Followed for Calculation of Market
  Shares
• Market share by type, by product type, by
  technology, by duration, by application, by end
  users, by company and by region were calculated
  based on the responses received through primary
  surveys with industry experts, in which the
  respondents were asked about the market shares or
  revenue generated from various segments of rapid
  test kit markets. The final shares were
  calculated by taking the geometric mean of the
  responses gathered from key opinion leaders after
  eliminating the outliers.
• Methodology Followed for Forecasting
• TechSci Research performed periodical checks on
  data collected through the surveys with logic
  checks and analyzed the survey results in
  SPSS/Tableau Software.
• Data triangulation techniques were applied to
  fill the gaps and to present a more meaningful
  picture of the market. To forecast global rapid
  test kit market, TechSci Research used various
  forecast techniques such as
• Moving Average
• Time Series Analysis
• Regression Analysis
• Econometric and Judgmental Analysis

21

• Research Methodology

TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium and long term period to estimate
the demand and to reach accurate market numbers.
It should be noted that the figures compiled are
only for the organized market including market
share data. The currency used in the report is
the United States Dollar (USD), with the market
size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
F. Hoffmann-La Roche AG Abbott Laboratories Ltd. Siemens Healthineers AG OraSure Technologies, Inc. Becton, Dickinson and Company Bio-Rad Laboratories, Inc. Danaher Corporation (Cepheid, Inc.) Eurofins Scientific SE Luminex Corporation PerkinElmer, Inc. Cellex, Inc. Thermo Fisher Scientific, Inc. Mesa Biotech, Inc. BioFire Diagnostics, Inc. Akers Biosciences, Inc. World Bank TechSci Research Proprietary Database Knowledge Repository Company Annual Reports Industry Magazines Industry Reports News Dailies Credible Paid Databases
22

• Industry Brief

Increasing prevalence of diseases to drive the
growth of global rapid test kit market in the
forecast period, 2022-2026. According to TechSci
Research report, Rapid Test Kit Market - Global
Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2016-2026 the global
rapid test kit market stood at USD23.44 Billion
in 2020 and is expected to grow at a steady CAGR
of 8.14 during the forecast period on account of
growing prevalence of diseases. The growing
demand for rapid test kit from various point of
care diagnostic centers, homecare, among others
is expected to support the market growth through
2026. The growing prevalence of various chronic
diseases such as cancer, diabetes, and
cardiovascular diseases has significantly
increased the patient pool suffering from these
diseases worldwide. This in turn has
significantly increased the demand for various
rapid test kits. These rapid test kits can be
used for disease diagnosis and monitoring at home
and at various healthcare facilities such as
hospitals clinics, point of care centers, etc.
However, the high cost of rapid testing kits
leads to affordability constraints, especially in
Asia Pacific, South America and Middle East
Africa. Also, poor reimbursement scenario related
to rapid test kits across different countries,
especially in the developing and under-developed
countries, is further expected to restrict and
slow down the market growth. Also, stringent
regulatory scenario and policies for launching
and marketing rapid test kits are expected to
significantly hamper the market growth. The US
Food and Drug Administration (FDA) is very strict
when it comes to classifying diagnostic kits and
medical devices in various categories and giving
approvals for them. Also, countries that do not
follow FDA but have their own regulatory
associations are also very strict for product
approvals and their market launch. The regulatory
framework is quite strict when it comes to
product recalls. Furthermore, lack of awareness
pertaining to the availability and use of rapid
test kits among the population, especially in the
developing and under-developed countries, is
expected to hamper the market growth during the
forecast period. The global rapid test kit market
is segmented based on type, product type,
technology, duration, application, end user,
company and regional distribution. In terms of
product type, the market can be divided into
over-the-counter rapid test kit and professional
rapid test kit. The over-the-counter rapid test
kit segment dominated the market in 2020 with a
share of around 69.35 on account of the fact
that these tests are easy to use in the
near-patient setting and are a cost-effective
alternative to expensive laboratory testing. In
terms of technology, the market can be
categorized into lateral flow assays, solid
phase, agglutination and immunospot assay. The
lateral flow assays technology is expected to
dominate the market during the forecast period as
it is simple to perform and has low manufacturing
costs. Lateral flow assays are used across
hospitals clinics, diagnostic centers, and
ambulatory care centers for qualitative and
quantitative identification of specific antigens,
antibodies, and gene amplification products.
Also, the use of lateral flow assays in the early
detection of COVID-19 has further opened
opportunities for growth of this segment. This
has got the focus of various companies in
developing rapid test kits based on lateral flow
assay technology. For instance, in March 2020,
Ozo Life announced the launch of its OZO COVID-19
Rapid Test Kits based on lateral flow assay
technology. Key market players in the rapid test
kit market include F. Hoffmann-La Roche AG,
Abbott Laboratories, Inc, Danaher Corporation,
Becton, Dickinson and Company, PerkinElmer, Inc.,
Siemens Healthineers AG, Thermo Fisher
Scientific, Inc., Bio-Rad Laboratories, Inc.,
OraSure Technologies, Inc., Biomerieux Inc., ACON
Laboratories, Inc., Cellex, Inc., MyMD
Pharmaceuticals Inc., Luminex Corporation,
Eurofins Scientific SE Global rapid test kit
market is consolidated with a lot of
well-established players having presence in
several countries with several domestic players
possessing leadership in certain regions and
countries, among others. F. Hoffmann-La Roche AG
holds the highest market share and is among the
top five market players globally. Abbott
Laboratories, Inc., ranks second in terms of
market share in the overall rapid test kit
market. The company has a strong presence
worldwide and a huge brand value. People in
emerging countries are also aware of the
presence, product portfolio and business of the
company and are preferring it over other
competitor brands. Additionally, there are other
prominent players such as Danaher Corporation,
Becton, Dickinson and Company, PerkinElmer, Inc,
among others, holding a significant position in
the global rapid test kit market. The Asia
Pacific region will register the fastest CAGR
during the forecast period. This can be
attributed to the large and growing geriatric
population in the region, which is susceptible to
different kinds of diseases, especially in
countries like China, India, and Japan.
Additionally, supportive government policies and
healthcare schemes launched by them across
different countries in the region is expected to
support market growth. For instance, in October
2020, Japans Ministry of Health, Labour and
Welfare approved the use of Quick Navi-Flu2, a
rapid diagnostic kit for detecting influenza
virus antigen in the country. This kit is being
manufactured by two Japanese firms Denka Company
Limited and Otsuka Pharmaceutical Co., Ltd.,
said Mr. Karan Chechi, Research Director with
TechSci Research, a research based Global
management consulting firm.
23

• Sample Data Snapshot

Global Rapid Test Kit Market Size, By Value (USD
Million), 2016-2026F
Middle East Africa Rapid Test Kit Market Share,
By Type, By Value, 20162026F
Middle East Africa Rapid Test Kit Market Share,
By Product Type, By Value, 20162026F
South Africa Rapid Test Kit Market Share, By
Duration, By Value, 20162026F
24

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MARKET FORECAST OPPORTUNITIES 2016 2026
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