Rapid Diagnostics Market Research Report—Global Forecast till 2032

Rapid Diagnostics Market Research Report Information By Product (Over the Counter (OTC) Kits and Professional Kits), By Application (Blood Glucose Testing, Infectious Disease Testing, Cardiometabolic Testing, Pregnancy & Fertility Testing, Fecal Occult Blood Testing, Coagulation Testing, and Toxicology Testing), And By Region (North America, Europe, Asia-Pacific, and Rest Of The World) –Market Forecast Till 2032

ID: MRFR/HC/10167-HCR | 128 Pages | Author: Kinjoll Dey | May 2023         

Global Rapid Diagnostics Market Overview


The Rapid Diagnostics Market Size was valued at USD 31.2 billion in 2022 and is projected to grow from USD 37.84 Billion in 2023 to USD 177.37 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.3% during the forecast period (2023 - 2032). The rise in the frequency of chronic diseases, increasing government initiatives, and growing awareness regarding rapid diagnostic test kits for fast and easy diagnosis are key market drivers propelling the market forward.
Rapid Diagnostics Market Overview
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Rapid Diagnostics Market Trends



  • Emerging technological advancements and innovations in rapid diagnostic testing to drive market growth


Rapid diagnostic testing (RDT) is mostly used in preliminary or emergency medical screening and facilities with limited resources. RDTs provide point-of-care testing in primary care by allowing for rapid and simple operations. Rapid diagnostics is used in various traditional diagnostic procedures, including rapid antibody testing, such as the rapid HIV test, rapid plasma regain, and rapid antigen tests, such as the rapid influenza diagnostic test and malaria antigen detection assays. Rapid diagnostic tests are widely used in diagnosis, medical care, epidemiology, and screening. The primary factors driving the market CAGR include increased demand for rapid diagnostic tests in decentralized settings and increased public awareness about the need for early diagnosis.


The rapid diagnostics market is experiencing significant technological advancements and innovations. The development of new and advanced diagnostic tools has resulted in increased accuracy, specificity, sensitivity, and speed of diagnosis. Technological advancements, such as microfluidics, lab-on-a-chip, and biosensors, have developed portable, user-friendly devices for point-of-care testing. Besides, using AI and ML has improved the interpretation of test results, resulting in more accurate and reliable diagnoses. These advancements have enhanced the quality of patient care and improved the efficiency of healthcare systems by reducing the time and cost associated with traditional diagnostic methods.


Researchers employ new medical technology to create or alter rapid medical test kits in home health care settings, hospitals, clinics, and health care centers, providing accurate test findings. Based on market requirements, highly qualified specialists build speedy medical diagnostic kits. For example, In June 2021, scientists from SANKEN at Osaka University revealed that machine learning is accurate enough to recognize a single virus particle traveling through a nanopore. They devised test platforms that were so sensitive that they could distinguish between coronaviruses that cause SARS, the common cold, MERS, and COVID. This research leads to speedy, simple, and extremely accurate diagnostic assays for COVID-19 and other viral illnesses. The rising global prevalence of chronic diseases combined with an aging population, the increasing need for rapid decision-making in emergency departments, and growing technological innovations are the key growth factors driving the rapid diagnostics market revenue.


Rapid Diagnostics Market Segment Insights


Rapid Diagnostics Product Insights


Based on product, the Rapid Diagnostics Market segmentation includes over-the-counter (OTC) and professional kits. The over-the-counter (OTC) segment dominated the global market, accounting for 61% of market revenue (19 billion). These tests are simple to employ in the ‘near-patient setting’ and are a less expensive alternative to expensive laboratory testing. These tests are commonly utilized in home care settings, providing a simple, cost-effective alternative to laboratory testing. Rapid diagnostic tests (RDTs) frequently use saliva, urine, and blood to identify diseases. As per the Consumer Healthcare Products Association, clinical cost savings from OTC diagnostic items were more than USD 77 billion. These tests can also help diagnose infectious and chronic diseases with few or no symptoms, allowing for early treatment and lowering other problems. While these tests are mostly used in home care settings, they are also used in hospitals, clinics, and diagnostic laboratories.


Figure 1: Rapid Diagnostics Market by Product, 2022 & 2032 (USD billion)
Rapid Diagnostics Market by Product, 2022 & 2032
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


The professional kits segment is expected to grow at the fastest CAGR in the rapid diagnostics industry in the coming years. These tests frequently employ techniques like PCR & molecular diagnostics, which provide greater test sensitivity and specificity. Professional laboratory tests are often conducted following a positive RDT to confirm disease diagnosis. Professional tests are used in diagnostic settings since RDTs have low sensitivity and frequently give false negative results, making them the gold standard. The growing portfolio of disease-specific professional kits for the early diagnosis of chronic diseases, as well as technological advancements, are further driving the growth of this segment.


Rapid Diagnostics Application Insights


The Rapid Diagnostics Market segmentation is based on the application that includes blood glucose testing, infectious disease testing, cardiometabolic testing, pregnancy & fertility testing, fecal occult blood testing, coagulation testing, and toxicology testing. In 2022, the infectious disease testing category had the highest revenue share of approximately 38%. The new coronavirus outbreak has produced an urgent need for quick diagnostic tools critical to managing the COVID-19 pandemic. More than 99 million COVID-19 patients had been reported globally as of January 2022, contributing to the segment's revenue generation capacity. The United States, Brazil, Russia, the United Kingdom, Spain, Italy, India, Germany, Turkey, and Colombia have recorded the highest COVID-19 instances. Multiple diagnostics businesses are devoting R&D efforts to developing novel COVID-19 rapid medical diagnostic kits and obtaining approval from various regulatory agencies to meet this expanding demand.


The blood glucose testing segment is expected to increase fastest over the projection period. The sheer volume of rapid blood glucose tests marketed and used is the primary driver of segment expansion. In addition, the widespread adoption of these tests to immediately measure elevated blood cholesterol levels in assisted living facilities, home care, clinics, and laboratories is expected to drive segment growth.


Rapid Diagnostics Regional Insights


By region, the report provides market insights into Europe, North America, Asia-Pacific, and the Rest of the World. The North American rapid diagnostics market accounted for USD 14.29 billion in 2022 and will likely exhibit a significant CAGR growth in the study period. The North American region is the largest market for rapid diagnostics due to well-established healthcare infrastructure, the increasing prevalence of infectious diseases, and the rising demand for point-of-care testing. The United States dominates the market in this region due to the high demand for early diagnosis and treatment. In the United States, chronic diseases are the primary cause of death and disability. As per the Centers for Disease Control & Prevention (CDC), 6 in 10 Americans have at least one chronic illness as of February 2021. These and other chronic diseases are the leading causes of death and disability in the United States and the major cause of healthcare costs.


Also, the major countries studied in the market report are the U.S., German, Canada, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: RAPID DIAGNOSTICS MARKET SHARE BY REGION 2022 (%)
RAPID DIAGNOSTICS MARKET SHARE BY REGION 2022
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


The European rapid diagnostics market accounts for the second-largest global market share. Europe is a key market for rapid diagnostics owing to the rising incidence of chronic diseases, the expanding need for personalized medication, and the growing understanding of the value of early diagnosis. The region also sees the introduction of novel technologies such as lab-on-a-chip and microfluidics, boosting market growth. Further, the German market of rapid diagnostics held the largest market share, and the U.K. market of rapid diagnostics was the fastest-growing market in the European region.


The Asia Pacific Rapid Diagnostics Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the increasing burden of infectious diseases, rising healthcare expenditure, and growing demand for affordable and accessible diagnostic testing. Emerging economies such as China and India are driving market growth in this region due to their large patient pool and increasing healthcare spending. The region also offers significant opportunities for market players owing to a large untapped market. Moreover, the China market of rapid diagnostics held the largest market share, and the Indian market of rapid diagnostics was the fastest-growing market in the Asia-Pacific region.


Rapid Diagnostics Key Market Players & Competitive Insights


Leading market players, such as Abbott Laboratories, Roche Diagnostics, and Danaher Corporation, invest heavily in R&D to expand their product portfolios and gain a competitive advantage. With the increasing demand for rapid diagnostics due to the COVID-19 pandemic, global rapid diagnostics industry players are investing in capacity expansion and production scale-up to meet the rising demand. New product releases, strategic alliances, collaborations, and mergers and acquisitions among leading competitors are key market developments in the rapid diagnostics sector.


Major players in the rapid diagnostics market, such as Bio-Rad Laboratories Inc, Becton, Dickinson & Company, Bio-Rad Laboratories, and Quidel Corporation, also focus on expanding their global presence through acquisitions and collaborations with local players in emerging markets. Moreover, the trend towards personalized medicine and point-of-care testing propels the rapid diagnostics industry forward, with companies focusing on developing innovative and cutting-edge products to fulfill increasing demands.


Roche Diagnostics is a branch of F. Hoffmann-La Roche Ltd, a Swiss multinational healthcare firm. The firm is a market leader in in vitro diagnostics and medical imaging equipment. Roche Diagnostics employs about 120,000 people worldwide and operates in over 150 countries. Roche Diagnostics provides a wide range of products, including point-of-care testing solutions, fast antigen tests, and molecular assays for infectious disease detection. Roche introduced its Cobas Pulse System in certain countries that accept the CE Mark in January 2022. This is the latest generation of integrated point-of-care solutions for professional blood glucose management.


ACON Laboratories Inc. is a privately held firm in San Diego, California. The company was created in 1996 to develop reliable, high-quality, cost-effective medical diagnostic and healthcare solutions. ACON produces and distributes medical diagnostic devices such as rapid diagnostic tests for infectious diseases, fertility, illicit drugs, hematology instruments, and reagents. ACON Laboratories has increased its global presence, opening offices and subsidiaries in China, Canada, Mexico, and Germany. ACON Laboratories announced the release of their new rapid test, the Flowflex SARS-CoV-2 Antigen Rapid Test, in 2021. This test is intended to detect the presence of the SARS-CoV-2 virus in patients with COVID-19 symptoms, and it offers results in as little as 15 minutes.


Key Companies in the market of rapid diagnostics include



  • Abaxis

  • Becton

  • Dickinson & Company

  • Bio-Rad Laboratories

  • Accriva Diagnostics

  • ACON Laboratories Inc

  • Hologic Inc

  • Abbott Laboratories

  • Roche Diagnostics

  • Bayer HealthCare Pharmaceuticals LLC

  • Cepheid Inc


Rapid Diagnostics Industry Developments


March 2022: Brain Chemistry Labs, a non-profit research center, and Arlington Scientific, a medical test kit company based in Utah, agreed to collaborate on developing an easy-to-use rapid test kit. This test will detect the presence of -methylamino-L-Alanine (BMAA), a toxin found in cyanobacterial blooms that causes Amyotrophic Lateral Sclerosis (ALS).


March 2022: Boditech Med formed a strategic alliance with Novo Integrated Sciences Inc to develop its biomarker-based rapid diagnostic product line throughout North America.


January 2021: Innova Medical Group Inc announced the release of the INNOVA SARS-CoV-2 Antigen Rapid Qualitative Test Kit for the US market, to produce 5 million daily test kits by the end of the month and expand to 50 million rapid test kits per day in its developed Orange County facility.


Rapid Diagnostics Market Segmentation


Rapid Diagnostics Product Outlook



  • Over the Counter (OTC) Kits

  • Professional Kits


Rapid Diagnostics Application Outlook



  • Blood Glucose Testing

  • Infectious Disease Testing

  • Cardiometabolic Testing

  • Pregnancy & Fertility Testing

  • Fecal Occult Blood Testing

  • Coagulation Testing

  • Toxicology Testing


Rapid Diagnostics Regional Outlook



  • North America

    • The U.S.

    • Canada



  • Europe

    • Germany

    • France

    • The U.K.

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 31.2 billion
Market Size 2023 USD 37.84 billion
Market Size 2032 USD 177.37 billion
Compound Annual Growth Rate (CAGR) 21.3% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Application, and Region
Geographies Covered Europe, Asia Pacific, North America, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Abaxis, Becton, Dickinson & Company, Bio-Rad Laboratories, Accriva Diagnostics, ACON Laboratories Inc, Hologic Inc, Abbott Laboratories, Roche Diagnostics, Bayer HealthCare Pharmaceuticals LLC, Cepheid Inc
Key Market Opportunities Rise in demand for point-of-care testing with multiplexing capabilities
Key Market Dynamics Growing prevalence of infectious diseases across the globe Increased government initiatives to promote rapid diagnostic testing


Frequently Asked Questions (FAQ) :

The Rapid Diagnostics Market size was valued at USD 31.2 Billion in 2022.

The global market is estimated to grow at a CAGR of 21.3% over the forecast period, 2023-2032.

North America had the largest revenue share of the global market.

The key players in the market are Abaxis, Becton, Dickinson & Company, Bio-Rad Laboratories, Accriva Diagnostics, ACON Laboratories Inc, Hologic Inc, Abbott Laboratories, Roche Diagnostics, Bayer HealthCare Pharmaceuticals LLC, Cepheid Inc.

The over-the-counter (OTC) kits category dominated the market in 2022.

Infectious disease testing had the largest share of the global market.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players’ financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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