U.S. Rapid Medical Diagnostic Kits Market Size & Outlook
U.S. rapid medical diagnostic kits market, 2018-2030 (US$M)
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U.S. rapid medical diagnostic kits market highlights
- The U.S. rapid medical diagnostic kits market generated a revenue of USD 6,392.7 million in 2023 and is expected to reach USD 8,953.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.9% 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 6,392.7 million |
| Market revenue in 2030 | USD 8,953.4 million |
| Growth rate | 4.9% (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, U.S. accounted for 33.0% 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 North America, U.S. rapid medical diagnostic kits market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,259.9 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 64.04% in 2023. Horizon Databook has segmented the U.S. rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
The outbreak of novel coronavirus (COVID-19) has created an urgent demand for rapid diagnostic tests in the U.S. According to the data published by Worldometer, as of June 10, 2020, there have been 2,048,518 confirmed cases of COVID-19 in the U.S., which has led to around 114,255 deaths. Rapid testing allows detection of viruses and helps prevent further transmission by isolating the patient.
To meet this growing demand, numerous diagnostics companies are involved in the development of novel COVID-19 rapid diagnostic tests and are striving to gain approval from the FDA to launch these tests in the U.S.
For instance, on May 8, 2020, Quidel Corporation, an American diagnostic healthcare company, received Emergency Use Authorization (EUA) from the FDA for its new Sofia 2 SARS Antigen FIA for rapid diagnosis of COVID-19.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into U.S. rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
U.S. Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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