Rapid Test Kits Market Growth, Analysis, Size, Share by 2030

Rapid Test Kits Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rapid Antigen Testing, Rapid Antibody Testing, and Others), Product (Over-the-Counter Rapid Testing Kit and Professional Rapid Testing Kit), Technology (Lateral Flow Assay, Solid Phase, Agglutination, Immunospot Assay, and Cellular Component-Based), Application (Blood Glucose Testing, Infectious Disease Testing, Pregnancy and Fertility, Cardiometabolic Testing, and Others), End User (Hospital and Clinics, Home Care, Diagnostics Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

Publication Month : Feb 2024

  • Report Code : TIPRE00038954
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 279
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[Research Report]The rapid test kits market is projected to grow from US$ 17.72 billion in 2022 to US$ 26.63 billion by 2030, recording a CAGR of 5.2% during 2022–2030.

Market Insights and Analyst View:

The rapid test kits market forecast can help stakeholders in this marketplace plan their growth strategies. The report includes growth prospects owing to the current rapid test kits market trends and their foreseeable impact during the forecast period.

Rapid tests are simple to use and provide quick results; they are often referred to as rapid diagnostic tests (RDTs). Rapid tests are performed at the point of care, in contrast to the majority of routine tests, which have to be submitted to a lab; moreover, they generate results at the point of care. These kits aid in the identification and monitoring of underlying illnesses in living things. Although rapid test kits serve the primary purpose of initial screening, they prove highly beneficial in situations with scanty resource availability. The prime application of rapid test kits is to diagnose infectious disorders such as COVID-19, HIV, malaria, strep throat, and flu. Thus, factors such as the rising prevalence of genetic and infectious diseases, along with strategic initiatives by manufacturers, contribute to the expansion of the rapid test kits market size. However, uncertainties related to the accuracy of results impede the growth of the market.

Growth Drivers:

Rising Prevalence of Genetic and Infectious Diseases Drives Rapid Test Kits Market

According to an Institute for Health Metrics and Evaluation study, national incidence rates of sickle cell disease were relatively stable during 2000–2021, but total births of babies with this disease increased globally by 13.7%. This surge is primarily due to population growth in various regions, more notably in the Caribbean, and western and central sub-Saharan Africa. The estimate of people suffering from sickle cell disease increased by 41.4% worldwide, reaching 7.74 million in 2021 from 5.46 million in 2000. Sickle SCAN is a rapid test for the identification of sickle cell anemia with high sensitivity and specificity.

RDTs help diagnose malaria by detecting the presence of malarial parasites in human blood. Where access to high-quality microscopy services is limited, radiological diagnosis techniques are used as an alternative for clinical or microscope-based diagnosis. The COVID-19 pandemic had a significant impact on the rapid test kits market. Nearly all diagnostic tests for this disease used real-time PCR for testing people who showed symptoms of SARS-CoV-2 infection. Rapid test kits are nearly ubiquitous, robust, and reliable. Rapid testing techniques that involve the amplification of specific stretches of DNA for genotyping, cloning, and single nucleotide variation analysis are used in most molecular biology labs. Thus, the increasing incidence of genetic and infectious diseases propels the rapid test kits market growth.

Rapid tests are not sent to diagnostic laboratories. Also, the accuracy of fast antigen tests differs among test kits provided by different vendors. For example, the majority of rapid tests designed for HIV diagnosis detect HIV antibodies. The p24 antigen is not detectable by several rapid test kits. However, the Determine HIV Early Detect and Determine HIV-1/2 kits can detect p24 antigen. Particularly while detecting recent infections, the precision of point-of-care diagnostics is not necessarily the same as that of laboratory testing procedures. Moreover, rapid antigen tests for COVID-19 are substantially less accurate when they are used in people with no symptoms of infection, but they function better in people who have been in contact with COVID-19 patients. Thus, limitations related to test accuracy hinder the rapid test kits market growth.

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Rapid Test Kits Market: Strategic Insights

rapid-test-kits-market
Market Size Value inUS$ 17.72 billion in 2022
Market Size Value byUS$26.63 billion by 2030
Growth rateCAGR of 5.2% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Report Segmentation and Scope:

The rapid test kits market analysis has been carried out by considering the following segments: type, product, technology, application, and end user.

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Segmental Analysis:

By type, the rapid test kits market is segmented into rapid antigen testing, rapid antibody testing, and others. The rapid antigen testing segment held the largest market share in 2022. It is anticipated to register the highest CAGR of 6.0% during 2022– 2030. An antigen can cause an immunological reaction upon entering the host body. Any nonhost materials such as chemicals, viruses, bacteria, or toxins can trigger an immunological response in the body. Antigens found in body tissues and cells can also cause immune responses. The mechanism of a rapid antigen test involves detecting such antigens in collected samples. Speedy results and ease of use are the primary benefits of rapid antigen test kits. For instance, the iHealth COVID-19 Antigen Rapid Test is an FDA-authorized, over-the-counter, self-administered test that delivers results in 15 minutes.

By technology, the market is segmented into lateral flow assay, solid phase, agglutination, immunospot assay, and cellular component-based. The lateral flow assay segment held the largest rapid test kits market share in 2022, and it is anticipated to register the highest CAGR of 5.7% during 2022– 2030. A lateral flow assay (LFA) is a paper-based platform embedded in test equipment to detect or quantify analytes in complex mixtures. Visible results are obtained within the window of 5–30 minutes. In hospitals, doctor's offices, and clinical laboratories, LFA-based assays are frequently utilized for the qualitative and quantitative detection of particular antigens, antibodies, and gene/DNA amplification products. LFAs can be used to examine a wide range of biological samples, such as whole blood, serum, plasma, perspiration, saliva, and urine. Lateral flow assays are a valuable and adaptable diagnostic tool for point-of-care settings.

Rapid Test Kits Market, by Technology – 2022 and 2030

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The rapid test kits market, by product, is divided into over-the-counter rapid testing kit and professional rapid testing kit. The over-the-counter rapid testing kit segment held a larger market share in 2022. It is anticipated to register a higher CAGR of 5.7% during 2022–2030. A large number of rapid home tests are now available in the market, offering fast and precise results. The use of over-the-counter rapid testing kits allows users to easily know the infection status at an early stage, which can help prevent the spread of viral infection to others. Presently, all FDA-approved COVID-19 antigen tests that may be performed at home are permitted for serial testing. Mylab CoviSelf, Genabio COVID-19 Rapid Self-Test Kit, FlowFlex COVID-19 Antigen Home Test, and Boson Rapid SARS-CoV-2 Antigen Test Card are some of the examples of over-the-counter rapid testing kit.

The market, by application, is categorized into blood glucose testing, infectious disease testing, cardiometabolic testing, pregnancy and fertility, and others. The blood glucose testing segment held the largest rapid test kits market share in 2022 and is anticipated to register the highest CAGR of 5.7% during 2022–2030. The quantity of blood glucose, which is the primary source of energy in the human body, is determined via a blood glucose test. Insulin is a naturally occurring hormone that facilitates the uptake of glucose into cells from blood. Many people with diabetes find that blood sugar testing aids in managing their disease as well as preventing complications. Many methods can be employed to measure blood sugar. A continuous glucose monitor (CGM) uses a small sensor to detect blood sugar levels 24/7. Blood glucose monitoring facilitates the identification of trends in blood glucose (sugar) fluctuations resulting from dietary changes, physical activity, medication interactions, and pathological processes such as diabetes mellitus.

The rapid test kits market, by end user, is categorized into hospitals and clinics, diagnostics centers, home care, and others. The hospital and clinics segment held the largest market share in 2022. The home care segment is anticipated to register the highest CAGR of 5.7% during 2022–2030. Hospitals and clinics have access to modernized equipment, which allows staff appointed in these facilities to provide effective and upgraded healthcare services such as diagnostics and disease treatment. The increasing number of hospital admissions, along with the rising prevalence of chronic diseases, fuel the growth of the global rapid test kits market for the hospital segment. Moreover, emerging nations are experiencing high demand generation for advanced hospital settings to address the needs of a huge patient pool and public health concerns.

Regional Analysis:

The geographic scope of the rapid test kits market report includes North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In 2022, North America accounted for the largest market share. The market growth in this region is driven by increasing demand for innovative products from bioanalytical instrument manufacturers. The increasing focus on incorporating advanced diagnostic methods in government-aided and private healthcare facilities promotes the adoption of rapid test kits.

Competitive Landscape and Key Companies:

F. Hoffmann-La Roche Ltd, Becton Dickinson and Co, ARKRAY Inc, Sysmex Partec GmbH, Fujirebio Europe NV, bioMerieux SA, Cepheid, Meril Life Sciences Pvt Ltd, QIAGEN NV, OraSure Technologies Inc, Guangzhou Wondfo Biotech Co Ltd, Denka Co Ltd, Abbott Laboratories, Trinity Biotech Plc, SD Biosensor Inc, Bio-Rad Laboratories Inc, Hologic Inc, DiaSorin SpA, Premier Medical Corp Pvt Ltd, and Beckman Coulter Inc. are among the prominent companies profiled in the rapid test kits market report. These companies focus on developing new technologies, upgrading existing products, and expanding their geographic presence to meet the growing consumer demand worldwide.

  • In June 2021, DiaSorin SpA introduced the LIAISON Murex AntiHEV IgG & IgM test, the first fully automated high-throughput CLIA test for the diagnosis of hepatitis E (HEV). The test was made available on LIAISON platforms in all countries that recognize the CE mark.
  • In November 2022, OraSure Technologies launched its InteliSwab COVID-19 Rapid Test, which is available on Amazon's online store in the US. The test is simple and easy to use, as it requires only a swab of the lower nostrils and a swirl of a pre-measured solution.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Product, Technology, Application, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which region is the fastest growing the rapid test kits market?

Asia Pacific is expected to be the fastest growing region in the rapid test kits market. The rapid test kits market in Asia Pacific is expected to register the highest CAGR during the forecast period. Market growth in the region is attributed to a surge in the use of antigen testing methods due to a rise in the number of cases of infectious diseases. Influenza, hepatitis B, AND infectious diarrhea are among the common infectious diseases in China, while India records typhoid, malaria, jaundice, tuberculosis, and AIDS cases in huge numbers.

Which end user segment is dominating the rapid test kits market?

The rapid test kits market by end user is categorized into hospitals and clinics, diagnostics centers, home care, and others. The hospital and clinics segment held the largest market share in 2022. The home care segment is anticipated to register the highest CAGR of 5.7% during 2022–2030.

Which application segment is dominating the rapid test kits market?

The rapid test kits market by application, is categorized into blood glucose testing, infectious disease testing, cardiometabolic testing, pregnancy and fertility, and others. The blood glucose testing segment held the largest rapid test kits market share in 2022 and is anticipated to register the highest CAGR of 5.7% during 2022–2023.

Which technology segment is dominating the rapid test kits market?

The rapid test kits market by technology is segmented into lateral flow assay, solid phase, agglutination, immunospot assay, and cellular component-based. The lateral flow assay segment held the largest rapid test kits market share in 2022, and it is anticipated to register the highest CAGR of 5.7% during 2022– 2023.

Which product segment is dominating the rapid test kits market?

The rapid test kits market by product, is divided into over-the-counter rapid testing kit and professional rapid testing kit. The over-the-counter rapid testing kit segment held a larger market share in 2022. It is anticipated to register a higher CAGR of 5.7% during 2022–2023.

Which type segment is dominating the rapid test kits market?

The rapid test kits market, based on type, is segmented into rapid antigen testing, rapid antibody testing, and others. The rapid antigen testing segment held the largest market share in 2022. It is anticipated to register the highest CAGR of 6.0% during 2022– 2023.

Which country is dominated the rapid test kits market?

US holds the largest market share in rapid test kits market. There was a rapid increase in the use of at-home tests after the outbreak of the SARS-CoV-2 Delta- and Omicron variants. According to the CDC, in April 2023, more than 70 million test kits were shipped across the US. Moreover, the country is investing significantly in the establishment and operations of small biotechnology startups to provide support innovation through new analytical technologies such as real-time PCR.

Who are the major players in the rapid test kits market?

The rapid test kits market majorly consists of the players such as F. Hoffmann-La Roche Ltd, Becton Dickinson and Co, ARKRAY Inc, Sysmex Partec GmbH, Fujirebio Europe NV, bioMerieux SA, Cepheid, Meril Life Sciences Pvt Ltd, QIAGEN NV, OraSure Technologies Inc, Guangzhou Wondfo Biotech Co Ltd, Denka Co Ltd, Abbott Laboratories, Trinity Biotech Plc, SD Biosensor Inc, Bio-Rad Laboratories Inc, Hologic Inc, DiaSorin SpA, Premier Medical Corp Pvt Ltd, and Beckman Coulter Inc. among others.

What are the driving factors for the rapid test kits market across the globe?

The factors that are driving growth of the market are the rising prevalence of genetic and infectious diseases and strategic initiatives by manufacturers.

What is rapid test kits?

Rapid tests are simple to use and provide quick results; they are often referred to as rapid diagnostic tests (RDTs). Rapid tests are performed at the point of care, in contrast to the majority of routine tests, which have to be submitted to a lab; moreover, they generate results at the point of care. These kits aid in the identification and monitoring of underlying illnesses in living things. Although rapid test kits serve the primary purpose of initial screening, they prove highly beneficial in situations with scanty resource availability. The prime application of rapid test kits is to diagnose infectious disorders such as COVID-19, HIV, malaria, strep throat, and flu.

The List of Companies - Rapid Test Kits Market

  1. F. Hoffmann-La Roche Ltd
  2. Becton Dickinson and Co 
  3. ARKRAY Inc 
  4. Sysmex Partec GmbH 
  5. Fujirebio Europe NV
  6. bioMerieux SA
  7. Cepheid 
  8. Meril Life Sciences Pvt Ltd
  9. QIAGEN NV
  10. OraSure Technologies Inc 
  11. Guangzhou Wondfo Biotech Co Ltd
  12. Denka Co Ltd
  13. Abbott Laboratories
  14. Trinity Biotech Plc
  15. SD Biosensor Inc 
  16. Bio-Rad Laboratories Inc 
  17. Hologic Inc
  18. DiaSorin SpA
  19. Premier Medical Corp Pvt Ltd
  20. Beckman Coulter Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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