Global Rapid Tests Market Size & Outlook, 2022-2030
Global rapid tests market, 2018-2030 (US$M)
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Global rapid tests market highlights
- The global rapid tests market generated a revenue of USD 1,289.2 million in 2022 and is expected to reach USD 2,495.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.6% by 2030.
- In terms of segment, consumables accounted for a revenue of USD 886.0 million in 2022.
- Consumables 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 2022.
- Country-wise, Norway is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,289.2 million |
| Market revenue in 2030 | USD 2,495.4 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Consumables |
Other key industry trends
- In terms of revenue, the North America accounted for 49.8% of the global rapid tests market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 17.2 million by 2030.
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Rapid Tests Market Scope
Rapid Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global rapid tests 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 tests market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 68.72% in 2022. Horizon Databook has segmented the Global rapid tests market based on instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Rapid Tests Product Outlook (Revenue, USD Million, 2018-2030)
- Instruments
- Consumables
- Others
- Global Rapid Tests Technology Outlook (Revenue, USD Million, 2018-2030)
- Molecular Diagnostics
- Immunoassay
- Others
- Global Rapid Tests Application Outlook (Revenue, USD Million, 2018-2030)
- Antibiotic resistant infections
- Upper respiratory tract infections
- Influenza and Parainfluenza virus
- Streptococcus
- Respiratory syncytial virus
- Sepsis
- Bacterial Sepsis
- Fungal Sepsis
- Others
- Global Rapid Tests End-Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals & clinics
- Laboratories
- At-home testing and others
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Our clientele includes a mix of rapid tests 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 tests market , including forecasts for subscribers. This global databook contains high-level insights into Global rapid tests market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global rapid tests market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Rapid tests market report size, 2022 (US$M)
Global rapid tests market report share, by product, 2022 & 2030 (%, US$M)
Rapid tests market: Opportunity assessment by country
Global rapid tests market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 287.9 | 303.8 | 322.5 | 540.6 | 642.2 | 693.0 | 753.6 | 821.6 | 892.9 | 962.0 | 1,033.4 | 1,092.3 | 1,149.8 | 7.6% |
| Europe | 148.3 | 157.5 | 168.4 | 284.2 | 339.9 | 369.4 | 404.5 | 444.2 | 486.3 | 527.8 | 571.1 | 608.2 | 645.1 | 8.3% |
| Asia Pacific | 91.8 | 99.9 | 109.4 | 189.3 | 232.1 | 258.7 | 290.6 | 327.4 | 367.8 | 409.7 | 455.3 | 498.0 | 542.7 | 11.2% |
| Latin America | 18.1 | 19.5 | 21.2 | 36.4 | 44.2 | 48.8 | 54.3 | 60.6 | 67.5 | 74.5 | 82.0 | 88.8 | 95.8 | 10.2% |
| MEA | 13.0 | 13.9 | 15.0 | 25.5 | 30.7 | 33.6 | 37.1 | 41.0 | 45.3 | 49.5 | 54.0 | 58.0 | 62.0 | 9.2% |
| Overall | 559.1 | 594.6 | 636.4 | 1,075.8 | 1,289.2 | 1,403.5 | 1,540.0 | 1,694.9 | 1,859.8 | 2,023.4 | 2,195.8 | 2,345.3 | 2,495.4 | 8.6% |
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