MARKET OVERVIEW
The rapid test is used as a tool for food companies to validate and verify the efficacy of their food product. The rapid test helps in the detection of foodborne pathogens and toxins. It comprises the testing of food products for several contaminants such as pesticides, meat speciation, heavy metals, allergens, pathogens, mycotoxins, GMOs, and others. Rapid test methods are less time consuming than conventional methods used to detect the foodborne pathogen.
MARKET SCOPE
The "Global Rapid Test (Services) Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the rapid test (services) market with detailed market segmentation by contaminant, technology, food tested, and geography. The report provides key statistics on the market status of the leading rapid test (services) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on contaminant, the market is segmented into pathogens, meat speciation, GMOS, allergens, pesticides, mycotoxins, heavy metals and others.
- On the basis of the technology the market is segmented into PCR-based, immunoassay-based, chromatography-based and spectroscopy-based.
- On the basis of the food tested the market is segmented into meat & seafood products, dairy products, processed food, fruits & vegetables, cereals & grains, nuts, seeds, and spices, crops and others.
MARKET DYNAMICS
Drivers:
- Increasing the number of foodborne disease across the globe
- Growth in demand for faster and reliable test results in the food and beverage industry
- Increasing awareness among consumers about food safety worldwide
- Active measure taken by the government and regulatory bodies for food safety
Restraints:
- High cost of instruments
- Lack of skilled professionals
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rapid test (services) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rapid test (services) market in these regions.
IMPACT OF COVID-19 ON RAPID TEST (SERVICES) MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the rapid test (services) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere F5acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from rapid test (services) market are anticipated to lucrative growth opportunities in the future with the rising demand for rapid test (services) in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rapid test (services) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ALS Limited
- AsureQuality Limited
- Bureau Veritas S. A.
- Eurofins Scientific
- Genetic ID Inc.
- Intertek Group plc
- Merieux NutriSciences
- Microbac Laboratories, Inc.
- SGS SA
- TUV SUD South Asia Pvt. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
