We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Technopath Clinical Diagnostics - An LGC Company

Download Mobile App


ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Rapid Test Kits Market Driven by Immunoassay and Chromatography-Based Tests

By LabMedica International staff writers
Posted on 11 May 2022
Print article
Image: Global rapid test kits market will surpass USD 52 billion in 2030 (Photo courtesy of Pexels)
Image: Global rapid test kits market will surpass USD 52 billion in 2030 (Photo courtesy of Pexels)

The global rapid test kits market size was valued at more than USD 25.50 billion in 2021 and is expected to register a CAGR of 8.1% over the 2019-2030 period to surpass USD 52 billion in 2030, driven primarily by the increasing prevalence of various infectious diseases. The market growth is also being fuelled by efforts by governments to strengthen healthcare systems by increasing rapid testing capacity for preliminary screening and modernizing health infrastructure. In addition, increased adoption of convenient home testing kits with fast and accurate results is further driving the growth of the global rapid test kits market.

These are the latest findings of Reports and Data (New York City, NY, USA), a market research and consulting company.

Governments across the world are taking initiatives to boost mandatory testing. For instance, in January 2022, the US government announced the purchase of one billion rapid test kits with the aim of promoting testing capacity and mitigating the spread of COVID-19 across the country. Globally, a steady rise in the number of government-approved testing centers and increase in the number of private points of care centers is driving the growth of the rapid test kits market. Moreover, rapid test kits use advanced technologies and are immunoassay or chromatography based, which delivers prompt results. The demand for such rapid test kits has grown significantly. In most countries, governments have implemented stringent pathogen testing to reduce the spread of COVID-19. Medical firms, mostly diagnostic service providers, are strengthening their foothold in the rapid test kits market, which is expected to drive the market growth during the forecast period.

However, continued dependency on the use of microscopy for more accurate results, and lack of awareness about newer and advanced rapid test kits are hampering the growth of the rapid test kits market. Moreover, several rapid antigen test kits include chemical preservatives such as ProClin and liquids such as Sodium Azide. These fluids are associated with potential risks due to misuse or accidental spillage on the skin or eye and ingestion, resulting in allergic reactions, skin and eye irritation, and serious health hazards. Accidental spillage or misuse of these fluids may not have very serious effects on adults but can prove to be hazardous for children.

Based on test type, the RT-PCR segment accounted for a significant revenue share in the global rapid test kits market in 2021 due to the sudden outbreak of COVID-19 and mandatory testing. Based on specimen type, the pregnancy and fertility segment is expected to register a faster CAGR during the forecast period owing to the high results accuracy and low complexity involved in the use of these kits.

Geographically, the rapid test kits market in Asia Pacific is expected to register a steady growth over the forecast period owing to a rising number of patients with various infectious and chronic diseases. In order to increase the availability of rapid test kits, most medical manufacturers are expanding their manufacturing units in Asia Pacific owing to low-cost labor available in the region, thereby boosting its rapid test kits market. The European rapid test kits market is expected to register a significant revenue growth rate during the forecast period, driven by stringent government regulations for mass testing to curb the spread of COVID-19.

Related Links:
Reports and Data 

Gold Supplier
Microplate Incubator and Shaker
EZ ThermoShake
Microplate Washer
Microplate Reader

Print article


Clinical Chem.

view channel
Image: The analysis pipeline used to investigate associations between blood metabolites, later life brain imaging measures, and genetic risk for Alzheimer’s disease (Photo courtesy of University College London)

Lipid Measurements Show Potential as Alzheimer’s Disease Biomarkers

Brain changes accompanying ageing are varied and can include pathologies that lead to cognitive impairment, the commonest of which is Alzheimer’s disease (AD). Identifying blood-based signatures of brain... Read more

Molecular Diagnostics

view channel
Image: Guidance UTI provides personalized results in less than one day from receipt at lab (Photo courtesy of Pathnostics)

Rapid Result Test for Complicated Urinary Tract Infections Proves Superior to Standard Urine Culture

Complicated urinary tract infections (cUTIs) are a significant burden on individual health and healthcare resources that must be diagnosed and treated early and accurately to reduce the risk of poor outcomes.... Read more


view channel
Image: The CS-2500 analyzer features pre-analytic sample checks and four detection methods simultaneously on a single platform – coagulation end-point, chromogenic kinetic analysis, turbidimetric immunoassay and automated platelet aggregation (Photo courtesy of Sysmex)

Microvascular/Endothelial Dysfunction Contributes to Post-COVID Syndrome Pathogenesis

Post-COVID syndrome (PCS) or Long-COVID is an increasingly recognized complication of acute SARS-CoV-2 infection, characterized by persistent fatigue, reduced exercise tolerance chest pain, shortness of... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.