Diagnostic and Biotech

Global Rapid Diagnostics Market 2016-2020

  • TEC584606
  • 71 Pages
  • April 2016
  • Diagnostic and Biotech
About Rapid Diagnostics

Rapid diagnostic tests are diagnostic assays designed for low-resource settings that provide faster results. These can be carried out either at a patient's bedside or in a clinical setting. These devices are simple to operate and read, have a low cost, and are specific, sensitive, and stable at extreme temperatures. They also provide quick results. Rapid diagnostics is the fastest-growing segment in in vitro diagnostics (IVD). Rapid diagnostic tests include agglutination, lateral flow, flow through, solid phase, and nucleic-acid amplification tests. Diagnostic devices are used to detect and measure blood glucose and coagulation levels, cardiac biomarkers, infectious diseases, hemoglobin concentration, five-part differential blood count, and pregnancy and fertility status. These tests can be used at patient's bedside, and in physician's clinics, ICUs, operating rooms, emergency rooms, and inpatient wards. The healthcare professional attending to the patient obtains the specimen, performs an analysis, and records the result.

Technavios analysts forecast the global rapid diagnostics market to grow at a CAGR of 7.27% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global rapid diagnostics market for 2016-2020. To calculate the market size, revenue generated from the sales of rapid diagnostics products, including over-the-counter (OTC) rapid diagnostics tests (self-testing kits, glucose meters, and strips) and professional rapid diagnostics tests (test kits, handheld devices, and small analyser) have been considered.

The market is divided into the following segments based on geography:

Technavio's report, Global Rapid Diagnostics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Alere Inc.
Beckman Coulter Inc.
Abbott Laboratories
Roche Diagnostics
Siemens Healthcare

Other prominent vendors
Accriva Diagnostics
ACON Laboratories
A. Menarini Diagnostics
Bayer HealthCare
Bio-Rad Laboratories
Chembio Diagnostic Systems
Clarity Diagnostics
DiagCor Bioscience
Eiken Chemical
Helena Laboratories
Humor Diagnostica
Meridian Life Sciences
Nipro Diagnostics
Oasis Diagnostics
OPKO Health
OraSure Technologies
Randox Laboratories
Trinity Biotech
Trivitron Healthcare

Market driver
Increase in incidence of chronic and infectious diseases
For a full, detailed list, view our report

Market challenge
Pricing pressures
For a full, detailed list, view our report

Market trend
Use of digital platforms in rapid diagnostics
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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