Click here to close now.

SYS-CON MEDIA Authors: Ian Goldsmith, Ed Featherston, Elizabeth White, Pat Romanski, Liz McMillan

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
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at DevOps Summit, Alex Gorbachev, President of Intelligent Systems Services Inc., will share foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN st...
Working with Big Data is challenging, especially when decision makers depend on market insights and intelligence from your data but don't have quick access to it or find it unusable. In their session at 6th Big Data Expo, Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia; Zel Bianco, President, CEO and Co-Founder of Interactive Edge of Solgenia; and Ermanno Bonifazi, CEO & Founder at Solgenia, discussed how a revolutionary cloud-based BI along with mobile analytics is already c...
Gartner predicts that the bulk of new IT spending by 2016 will be for cloud platforms and applications and that nearly half of large enterprises will have cloud deployments by the end of 2017. The benefits of the cloud may be clear for applications that can tolerate brief periods of downtime, but for critical applications like SQL Server, Oracle and SAP, companies need a strategy for HA and DR protection. While traditional SAN-based clusters are not possible in these environments, SANless cluste...
Hardware will never be more valuable than on the day it hits your loading dock. Each day new servers are not deployed to production the business is losing money. While Moore's Law is typically cited to explain the exponential density growth of chips, a critical consequence of this is rapid depreciation of servers. The hardware for clustered systems (e.g., Hadoop, OpenStack) tends to be significant capital expenses. In his session at Big Data Expo, Mason Katz, CTO and co-founder of StackIQ, disc...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager – Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, will review next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discuss how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Speaker Bios Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has b...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enter...
SYS-CON Events announced today that DragonGlass, an enterprise search platform, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. After eleven years of designing and building custom applications, OpenCrowd has launched DragonGlass, a cloud-based platform that enables the development of search-based applications. These are a new breed of applications that utilize a search index as their backbone for data...
With worldwide spending on cloud services and infrastructure growing by 23% in 2015 to $118B, it is clear that cloud services are here to stay. Yet, the rate of cloud adoption varies by companies and markets around the world. With thousands of outages and hijacks across the Internet every day, one reason for hesitation is the faith in quality Internet performance. In his session at 16th Cloud Expo, Michael Kane, Senior Manager at Dyn, will explore how Internet performance affects your end-user...
Container frameworks, such as Docker, provide a variety of benefits, including density of deployment across infrastructure, convenience for application developers to push updates with low operational hand-holding, and a fairly well-defined deployment workflow that can be orchestrated. Container frameworks also enable a DevOps approach to application development by cleanly separating concerns between operations and development teams. But running multi-container, multi-server apps with containers ...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal S...
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...