Japan Rapid Medical Diagnostic Kits Market Size & Outlook
Japan rapid medical diagnostic kits market, 2018-2030 (US$M)
Related Markets
Japan rapid medical diagnostic kits market highlights
- The Japan rapid medical diagnostic kits market generated a revenue of USD 711.7 million in 2023 and is expected to reach USD 1,181.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 711.7 million |
| Market revenue in 2030 | USD 1,181.1 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, Japan accounted for 3.7% of the global rapid medical diagnostic kits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China rapid medical diagnostic kits market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 680.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 63.14% in 2023. Horizon Databook has segmented the Japan rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in collaborations among new market entrants is anticipated to boost market growth during the forecast period. For instance, in July 2019, Chembio Diagnostics collaborated with Shire Human Genetic Therapies, Inc. to develop a new diagnostic test.
This is a blood test that would help detect biomarkers or substances that show an infection or disease in the body. Shire is a subsidiary of Takeda Pharmaceuticals; therefore, this project will be funded by Takeda itself. Thus, rise in collaborations among new market entrants to develop new diagnostic tests is anticipated to fuel the market during the forecast period.
Increase in investments from a private organization to develop diagnostic tests is expected to boost market growth during the forecast period. For instance, in September 2018, the Global Health Innovative Technology Fund announced an investment of USD 3.8 million to Fujifilm Corporation based in Japan as well as Switzerland’s Foundation for Innovative New Diagnostics to develop a highly sensitive rapid diagnostic test TB-LAM for detection of TB.
Reasons to subscribe to Japan rapid medical diagnostic kits market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Japan rapid medical diagnostic kits market databook
-
Our clientele includes a mix of rapid medical diagnostic kits market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into Japan rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
Japan Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
