Market Overview:
The global rapid diagnostics test reader market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for point-of-care (POC) testing, rising prevalence of infectious diseases, and growing awareness about early diagnosis and treatment. Based on type, the global rapid diagnostics test reader market is segmented into handheld rapid diagnostic readers and desktop rapid diagnostic readers. The handheld segment is expected to grow at a higher CAGR than the desktop segment during the forecast period. This can be attributed to the increasing demand for portable devices for POC testing. Based on application, the global rapid diagnostics test reader market is divided into infectious diseases, endocrinology, hematology, fertility testing, drugs of abuse detection kits (DOD), and others segments. The infectious diseases segment accounts for a major share of this market owing to rising incidence rates of various infections across different geographies worldwide.
Product Definition:
A rapid diagnostics test reader is a device used to read test results from rapid diagnostics tests. These devices are important because they allow health care professionals to quickly and easily interpret test results, which can help them make decisions about treatment.
Handheld Rapid Diagnostic Readers:
Handheld rapid diagnostic readers are portable devices that help in performing various tests such as blood gas, electrolytes, coagulation profile and complete blood count. These devices also offer a wide range of additional tests including urinalysis, hemoglobinopathies (HbA1C), thyroid function test along with other comprehensive metabolic panel tests.
Desktop Rapid Diagnostic Readers:
Desktop rapid diagnostic readers are electronic devices used to read the results of rapid diagnostic tests. These devices are connected to computers through a USB port and help in performing diagnosis on the computer. The desktop reader is an essential component for any healthcare facility that requires point-of-care testing or wants to expand its reach by adding new locations where USB-based readers can be installed.
These devices have gained popularity among end users as they provide easy access, improved workflow,.
Application Insights:
The infectious diseases segment dominated the global market in 2017. The growing prevalence of chronic conditions, such as cancer, diabetes and cardiovascular diseases is expected to drive the demand for rapid diagnostic tests. According to WHO, globally about 8-12% of deaths occur due to infectious diseases; this percentage is expected to increase by 2030 if urgent corrective measures are not taken. Therefore, increasing government funding & initiatives towards controlling these illnesses is anticipated to boost the growth of this segment over the forecast period.
Endocrinology tests are carried out on a day-to-day basis at outpatient clinics and hospitals across the globe for diagnosing various endocrine disorders including thyroiditis, hyperthyroidism (overactive thyroid), hypothyroidism (underactive thyroid), goiter (enlarged thyroid gland), Cushing¢â‚¬â„¢s syndrome/Cushings disease etc.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of advanced diagnostic technologies and well-established healthcare infrastructure. Moreover, increasing demand for rapid diagnostic tests that are easier to perform is anticipated to drive regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising disposable income and growing target population base in economies such as India and China. Furthermore, government initiatives encouraging R&D investments by private companies coupled with low manufacturing cost are likely fueling factors for industry expansion over this period. ‰â€˜The Diagnostic Imaging Industry Outlook Report 2018’ by IMS Health predicted a CAGR of XX% from 2018 through 2025 which indicates considerable growth potential for rapid diagnostics manufacturers operating within Asia Pacific region.
Growth Factors:
- Increasing demand for rapid diagnostics tests: The global market for rapid diagnostics tests is expected to grow at a CAGR of 9.5% from 2016 to 2021. This growth can be attributed to the increasing demand for fast and accurate diagnostic tests, especially in developed countries.
- Technological advancements: Rapid diagnostics test readers are becoming more sophisticated with each passing day, thanks to technological advancements. This is resulting in better performance and accuracy of these devices, which is driving their adoption across the globe.
- Growing awareness about benefits of using rapid diagnostics test readers: There is growing awareness among people about the benefits of using rapid diagnostics test readers over traditional lab-based testing methods. This is helping fuel the growth of this market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rapid Diagnostics Test Reader Market Research Report
By Type
Handheld Rapid Diagnostic Readers, Desktop Rapid Diagnostic Readers
By Application
Infectious Diseases, Endocrinology, Hematology, Fertility Testing, Drugs of Abuse, Others
By Companies
Abbott laboratories, QIAGEN, DCN Diagnostics, Detekt Biomedical LLC, Reagena Oy Ltd, Thermo Fisher Scientific Inc, Becton, Dickinson and Company, Danaher Corporation, Chembio Diagnostic Systems, Erba Mannheim, Now Diagnostic, Nanjing Norman Biological Technology, Atals Medical, Shanghai Chemtron Biotech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Rapid Diagnostics Test Reader Market Report Segments:
The global Rapid Diagnostics Test Reader market is segmented on the basis of:
Types
Handheld Rapid Diagnostic Readers, Desktop Rapid Diagnostic Readers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infectious Diseases, Endocrinology, Hematology, Fertility Testing, Drugs of Abuse, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott laboratories
- QIAGEN
- DCN Diagnostics
- Detekt Biomedical LLC
- Reagena Oy Ltd
- Thermo Fisher Scientific Inc
- Becton, Dickinson and Company
- Danaher Corporation
- Chembio Diagnostic Systems
- Erba Mannheim
- Now Diagnostic
- Nanjing Norman Biological Technology
- Atals Medical
- Shanghai Chemtron Biotech
Highlights of The Rapid Diagnostics Test Reader Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld Rapid Diagnostic Readers
- Desktop Rapid Diagnostic Readers
- By Application:
- Infectious Diseases
- Endocrinology
- Hematology
- Fertility Testing
- Drugs of Abuse
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rapid Diagnostics Test Reader Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rapid Diagnostics Test Reader is a software application that allows users to read diagnostic test results from various medical devices.
Some of the major companies in the rapid diagnostics test reader market are Abbott laboratories, QIAGEN, DCN Diagnostics, Detekt Biomedical LLC, Reagena Oy Ltd, Thermo Fisher Scientific Inc, Becton, Dickinson and Company, Danaher Corporation, Chembio Diagnostic Systems, Erba Mannheim, Now Diagnostic, Nanjing Norman Biological Technology, Atals Medical, Shanghai Chemtron Biotech.
The rapid diagnostics test reader market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rapid Diagnostics Test Reader Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rapid Diagnostics Test Reader Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rapid Diagnostics Test Reader Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rapid Diagnostics Test Reader Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rapid Diagnostics Test Reader Market Size & Forecast, 2020-2028
4.5.1 Rapid Diagnostics Test Reader Market Size and Y-o-Y Growth
4.5.2 Rapid Diagnostics Test Reader Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Handheld Rapid Diagnostic Readers
5.2.2 Desktop Rapid Diagnostic Readers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Infectious Diseases
6.2.2 Endocrinology
6.2.3 Hematology
6.2.4 Fertility Testing
6.2.5 Drugs of Abuse
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rapid Diagnostics Test Reader Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rapid Diagnostics Test Reader Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Handheld Rapid Diagnostic Readers
9.6.2 Desktop Rapid Diagnostic Readers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Infectious Diseases
9.10.2 Endocrinology
9.10.3 Hematology
9.10.4 Fertility Testing
9.10.5 Drugs of Abuse
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Handheld Rapid Diagnostic Readers
10.6.2 Desktop Rapid Diagnostic Readers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Infectious Diseases
10.10.2 Endocrinology
10.10.3 Hematology
10.10.4 Fertility Testing
10.10.5 Drugs of Abuse
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Handheld Rapid Diagnostic Readers
11.6.2 Desktop Rapid Diagnostic Readers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Infectious Diseases
11.10.2 Endocrinology
11.10.3 Hematology
11.10.4 Fertility Testing
11.10.5 Drugs of Abuse
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Handheld Rapid Diagnostic Readers
12.6.2 Desktop Rapid Diagnostic Readers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Infectious Diseases
12.10.2 Endocrinology
12.10.3 Hematology
12.10.4 Fertility Testing
12.10.5 Drugs of Abuse
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Handheld Rapid Diagnostic Readers
13.6.2 Desktop Rapid Diagnostic Readers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Infectious Diseases
13.10.2 Endocrinology
13.10.3 Hematology
13.10.4 Fertility Testing
13.10.5 Drugs of Abuse
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rapid Diagnostics Test Reader Market: Competitive Dashboard
14.2 Global Rapid Diagnostics Test Reader Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott laboratories
14.3.2 QIAGEN
14.3.3 DCN Diagnostics
14.3.4 Detekt Biomedical LLC
14.3.5 Reagena Oy Ltd
14.3.6 Thermo Fisher Scientific Inc
14.3.7 Becton, Dickinson and Company
14.3.8 Danaher Corporation
14.3.9 Chembio Diagnostic Systems
14.3.10 Erba Mannheim
14.3.11 Now Diagnostic
14.3.12 Nanjing Norman Biological Technology
14.3.13 Atals Medical
14.3.14 Shanghai Chemtron Biotech
