The global rapid diagnostics market to grow at a CAGR of 7.56% during the period 2018-2022.
Global Rapid Diagnostics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Increasing incidence of chronic and infectious diseases. Various chronic diseases such as heart diseases, diabetes, stroke, cancers, obesity, and kidney diseases are increasing across the globe which resulted in the greater demand for diagnostic procedures like rapid diagnostics and technologically advanced treatment options. These chronic diseases can be easily diagnosed using point of care (POC) products.
The latest trend gaining momentum in the market is Growing presence of OEMs. The OEM provides equipment's to the manufacturers that develop, distribute, and sell the final furnished goods. Generally, OEM develops certain components of the products however, sometimes the OEM may manufacture complete device. The OEMs are working with contract manufacturing organizations (CMOs) due to increasing number of combination products such as drug delivery and smart devices. There is growing focus towards forward integration by the OMEs involved in providing diagnostics components.
Further, the report states that one of the major factors hindering the growth of this market is High cost of rapid diagnostic products. The rapid diagnostics products such as analyzers, assays and frequent usage of the consumables and reagents are associated with higher costs which are incurred by the end user such as hospitals, clinics, diagnostics laboratories. Moreover, POC diagnostics test products have faster turnaround time (TAT) which leads to high cost however, the testing products other than POC cost are comparatively lower.
Key vendors
Abbott
BD
bioMrieux
Danaher
F. Hoffmann-La Roche
Siemens Healthcare
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Blood glucose testing- Market size and forecast 2017-2022
Cardiometabolic testing - Market size and forecast 2017-2022
Infectious disease testing - Market size and forecast 2017-2022
Pregnancy and fertility testing - Market size and forecast 2017-2022
Fecal occult testing - Market size and forecast 2017-2022
Toxicology testing - Market size and forecast 2017-2022
Coagulation testing - Market size and forecast 2017-2022
Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Hospitals and clinics
Clinical diagnostic laboratories
Home care settings
PART 10: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
Rapid diagnostics market in Americas
Rapid diagnostics market in EMEA
Rapid diagnostics market in APAC
Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 13: MARKET TRENDS
Growing presence of OEMs
Use of digital health in rapid diagnostics for POC
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