DUBLIN--(BUSINESS WIRE)--The "Global Rapid Diagnostic Kits Market Share - Segmented by Technology (Flow Through, Solid Phase, Lateral Flow, and Agglutination Assays), Application, and Geography - Growth, Trends, and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The rapid diagnostic kits market is expected to register a CAGR of 5.8% during the forecast period.
The increasing incidence of the cardiovascular diseases, sexually transmitted diseases, diabetes, infectious diseases, hepatitis, and gastrointestinal diseases is driving the rapid diagnostic kits market.
The rapidly growing medical diagnostics industry and high demand for the preventive management of infectious diseases caused by viruses and bacteria, worldwide, are some of the factors that are contributing to the growth of the rapid diagnostic testing kits market.
The other driving factors also include rising awareness regarding early diagnosis among people and a shift in the technological and commercial environment.
Light microscopy is still being recommended for diagnosis to guide the clinical management of malaria, despite difficult challenges in rural settings. Microscopy and rapid diagnostic tests has provided effective surveillance for malaria control, and thus, it has been difficult to eliminate microscopy devices, which acts as a restraining factor for the growth of the rapid diagnostic kits market.
Yet another factor that could restrain the market is the lack of awareness regarding newer rapid diagnostic tests.
Major Market Developments
- ACON Laboratories announced FDA clearance of the mission microalbumin/creatinine urine reagent strips.
- Innovus Pharma announced an Agreement with ACON Laboratories Inc. ACON Labs is a San Diego-based diagnostic product manufacturer, who will supply Innovus Pharma with its US FDA-cleared urinary tract infection (UTI) test strips.
Major Players Profiled
- Abbott Laboratories Inc.
- AccuTech LLC
- ACON Laboratories Inc.
- Alfa Scientific Designs Inc.
- Artron Laboratories Inc.
- Becton, Dickinson and Company
- BTNX Inc.
- Creative Diagnostics
- McKesson Medical-Surgical Inc.
- Meridian Bioscience Inc.
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Market Dynamics
7. Market Segmentation
8. Rapid Diagnostic Kits Market Company Profiles & Competitive Landscape
9. Future of the Rapid Diagnostic Kits Market
For more information about this report visit https://www.researchandmarkets.com/research/gdct4t/global_rapid?w=4
