Global Rapid Medical Diagnostic Kits Market Size & Outlook
Global rapid medical diagnostic kits market, 2018-2030 (US$M)
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Global rapid medical diagnostic kits market highlights
- The global rapid medical diagnostic kits market generated a revenue of USD 19,354.3 million in 2023 and is expected to reach USD 28,832.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.9% by 2030.
- In terms of segment, otc rdt accounted for a revenue of USD 12,241.0 million in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 19,354.3 million |
| Market revenue in 2030 | USD 28,832.2 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
Other key industry trends
- In terms of revenue, the North America accounted for 36.9% of the global rapid medical diagnostic kits market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 1,296.0 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global rapid medical diagnostic kits market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 63.25% in 2023. Horizon Databook has segmented the Global rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Rapid Medical Diagnostic Kits Product Outlook (Revenue, USD Million, 2018-2030)
- OTC RDT
- Professional RDT
- Global Rapid Medical Diagnostic Kits Technology Outlook (Revenue, USD Million, 2018-2030)
- Lateral Flow
- Agglutination
- Solid Phase
- Other Technologies
- Global Rapid Medical Diagnostic Kits Application Outlook (Revenue, USD Million, 2018-2030)
- Blood Glucose Testing
- Cardiometabolic Testing
- Pregnancy and Fertility Testing
- Fecal Occult Blood Testing
- Coagulation Testing
- Toxicology Testing
- Lipid Profile Testing
- Other Applications
- Infectious Disease Testing
- COVID-19
- Hepatitis
- HIV
- Influenza
- Others
- Global Rapid Medical Diagnostic Kits End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals & Clinics
- Home Care
- Diagnostic Laboratories
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Our clientele includes a mix of rapid medical diagnostic kits market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global rapid medical diagnostic kits market , including forecasts for subscribers. This global databook contains high-level insights into Global rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global rapid medical diagnostic kits market size, by region, 2018-2030 (US$M)
Top 10 countries: Rapid medical diagnostic kits market size, 2023 (US$M)
Global rapid medical diagnostic kits market share, by product, 2023 & 2030 (%, US$M)
Rapid medical diagnostic kits market: Opportunity assessment by country
Global rapid medical diagnostic kits market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,152.1 | 4,294.8 | 6,902.8 | 7,525.3 | 8,161.2 | 7,147.6 | 7,089.6 | 7,359.7 | 7,729.4 | 8,194.9 | 8,759.0 | 9,428.4 | 10,213.3 | 5.2% |
| Europe | 3,240.4 | 3,355.5 | 5,231.3 | 5,718.1 | 6,221.9 | 5,528.2 | 5,523.4 | 5,756.9 | 6,065.5 | 6,447.6 | 6,906.6 | 7,448.5 | 8,081.9 | 5.6% |
| Asia Pacific | 2,300.7 | 2,413.3 | 3,876.4 | 4,300.8 | 4,748.9 | 4,239.1 | 4,271.5 | 4,500.0 | 4,792.8 | 5,150.8 | 5,578.6 | 6,083.1 | 6,674.0 | 6.7% |
| Latin America | 1,006.7 | 1,040.5 | 1,248.8 | 1,354.2 | 1,468.5 | 1,472.1 | 1,548.0 | 1,646.2 | 1,760.1 | 1,890.9 | 2,040.9 | 2,212.5 | 2,409.0 | 7.3% |
| MEA | 621.9 | 640.7 | 858.1 | 939.3 | 1,026.8 | 967.3 | 988.7 | 1,038.1 | 1,097.7 | 1,168.0 | 1,249.9 | 1,344.7 | 1,454.0 | 6.0% |
| Overall | 11,321.9 | 11,744.8 | 18,117.4 | 19,837.7 | 21,627.4 | 19,354.3 | 19,421.3 | 20,300.9 | 21,445.5 | 22,852.2 | 24,535.0 | 26,517.2 | 28,832.2 | 5.9% |
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