Welcome!

News Feed Item

Rapid Medical Diagnostic Kits Market Expected to Reach USD 25.76 Billion Globally in 2019: Transparency Market Research

ALBANY, New York, March 6, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Rapid Medical Diagnostic Kits Market (Applications: Clinical Testing, Home-Use, Infectious Disease and Veterinary; Technologies: Lateral Flow Technology, Agglutination Assays, Flow-through and Solid-phase Assays) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the market for rapid medical diagnostic kits was valued at USD 17.65 billion in 2012 and is expected to reach a value of USD 25.76 billion in 2019, growing at a CAGR of 5.5% from 2013 to 2019.

Browse Global Rapid Medical Diagnostic Kits Market Report with Full TOC at http://www.transparencymarketresearch.com/rapid-medical-diagnostic-kits.html

The advent of new technologies enabling better accuracy and rapid results will boost the market growth for rapid medical diagnostic kits. Further, increase in its widespread availability would attract end-users in order to contain the rising incidences of infectious diseases. In addition, rising demand for quick tests in the hospitals, clinical laboratories and home-use is fueling the growth of this market. Other driving factors include rising base of geriatric population, presence of high unmet medical needs and rising worldwide incidences of infectious diseases.

The global rapid medical diagnostic kits market by applications was dominated by the home-use market with a market share of approximately 77.7% in 2012 and will maintain its position till 2019. Presence of untapped population and elevated adoption of rapid diagnostic test (RDT) kits in the developing nations such as India, China, Bhutan, Myanmar, Brazil and Nigeria will be driving the market for home - use RDT kits. However, global clinical testing is the fastest growing application segment for RDT kits on account of factors such as rising patient demand for rapid point-of-care diagnostics, confirming the results from home-use tests and effective testing done by trained professionals. The RDT kits market for infectious disease, cholesterol monitoring, substance abuse testing, pregnancy and fertility testing and blood glucose testing will lead to further expansion of the RDT clinical testing market globally.

Lateral flow technology market dominated the global rapid medical diagnostic kits market by technology on account of factors such as its ease of use and rapid testing technology along with multiple sample testing. Lateral flow technology is used majorly in malarial and home pregnancy testing and is expected to maintain its position till 2019. The fastest growing technology segment is, however, the solid-phase technology, growing at a CAGR of over 6% from 2012 - 2019. The solid phase RDT kits provide quick results with a single strip able to test multiple parameters. These tests find major applications in HIV testing which is one of the major healthcare industry focus for diagnosis and treatment.

North America dominated the market in 2012 and is expected to maintain its market position till 2019. However, the Asia-Pacific market is estimated to grow at a faster pace (CAGR of more than 8% from 2013 to 2019).Europe is expected to grow at a relatively higher rate compared to North America owing to constantly improving regulatory framework, economic conditions in the region and rising investments in healthcare infrastructure.

Related & Recently Published Reports by Transparency Market Research


Some of the key players in the global rapid medical diagnostic kits market include Abbott Laboratories, Abaxis, Inc., Alere, Inc., Becton Dickinson & Company, BioRad Laboratories, F. Hoffmann La Roche, MegaCor, Trinity Biotech, Zoetis, Inc. and others.

The global rapid medical diagnostic kits market is categorized into the following segments:

  1. Rapid Medical Diagnostic Kits Market by Application:

    Clinical Testing


Rapid Medical Diagnostic Kits Market by Technology:

Lateral Flow

Flow-through

Solid-phase

Agglutination Assays


Browse Rapid Medical Diagnostic Kits Market Report http://www.transparencymarketresearch.com/rapid-medical-diagnostic-kits.html

  1. Rapid Medical Diagnostic Kits Market by Geography:

    North America

    Europe

    Asia-Pacific

    Rest of the World (RoW)


Browse all Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: [email protected]

Web: http://www.transparencymarketresearch.com/

Blog: http://www.tmrblog.com/

   Blog: http://transparencymarketresearch.areavoices.com/


SOURCE http://www.transparencymarketresearch.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.