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MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL RAPID TEST KIT MARKET FORECAST & OPPORTUNITIES 2016 2026

Global Rapid Test Kit Market Size, Share and Forecast 2026 | TechSci Research

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According to #TechSci Research report, Global Rapid Test Kit Market was valued at USD 23.44 Billion in 2020 and is expected to grow at a formidable rate of 8.14% during the forecast period. Report URL- https://bit.ly/3vEVaM0

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Page 1: Global Rapid Test Kit Market Size, Share and Forecast 2026 | TechSci Research

MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

GLOBAL RAPID TEST KIT MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

Page 2: Global Rapid Test Kit Market Size, Share and Forecast 2026 | TechSci Research

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Scope of ReportProduct of Interest (POI): Rapid Test Kit

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

REGION

• Asia-Pacific

• Europe

• North America

• South America

• Middle East & Africa

A rapid diagnostic test is a medical diagnostic test that is quick and easy to perform. RDTs are suitable forpreliminary or emergency medical screening and for use in medical facilities with limited resources.

Market Segmentation

TYPE

• Rapid Antigen Test

• Rapid Antibody Test

• Hospitals & Clinics

• Diagnostic Centers

• Home Care

• Others

END USERSAPPLICATION

• Infectious Disease

• Cardiology

• Oncology

• Pregnancy & Fertility

• Toxicology

• Glucose Monitoring

• Others

TECHNOLOGY

• Lateral Flow Assays

• Agglutination

• Immunospot Assay

• Solid Phase

PRODUCT TYPE

• Over-the-

counter (OTC)

Rapid Test Kit

• Professional

Rapid Test Kit

DURATION

• Less than 10 minutes

• Less than 30 minutes

• Less than 1 hour

• 1 hour-2 hour

• Others

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Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Rapid Test Kit Market

4. Executive Summary

5. Voice of Customer

6. Global Rapid Test Kit Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Rapid Antigen Test v/s Rapid Antibody Test)

6.2.2. By Product Type (Over-the-counter (OTC) Rapid Test Kit v/s Professional Rapid Test Kit)

6.2.3. By Technology (Lateral Flow Assays, Agglutination, Immunospot Assay, Immunospot Assay, Solid Phase)

6.2.4. By Duration (Less than 10 minutes, Less than 30 minutes, Less than 1 hour, 1 hour-2 hour, Others)

6.2.5.By Application (Infectious Disease, Cardiology, Oncology, Pregnancy & Fertility, Toxicology, Glucose Monitoring, Others)

6.2.6. By End Users (Hospitals & Clinics, Diagnostic Centers, Home Care, Others)

6.2.7. By Company (2020)

6.2.8. By Region

6.3. Product Market Map

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Table of Contents

S. No. Contents Page No.

7. Asia-Pacific Rapid Test Kit Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Product Type

7.2.3. By Technology

7.2.4. By Duration

7.2.5. By Application

7.2.6. By End Users

7.2.7. By Country

7.2.8. List of Approved Major Rapid Test Kit Brand, 2020

7.3. Asia-Pacific: Country Analysis

7.3.1. China Rapid Test Kit Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Product Type

7.3.1.2.3. By Technology

7.3.1.2.4. By Duration

7.3.1.2.5. By Application

7.3.1.2.6. By End Users

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Table of Contents

S. No. Contents Page No.

7.3.2. India Rapid Test Kit Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Product Type

7.3.2.2.3. By Technology

7.3.2.2.4. By Duration

7.3.2.2.5. By Application

7.3.2.2.6. By End Users

7.3.3. Australia Rapid Test Kit Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Product Type

7.3.3.2.3. By Technology

7.3.3.2.4. By Duration

7.3.3.2.5. By Application

7.3.3.2.6. By End Users

7.3.4. Japan Rapid Test Kit Market Outlook

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Table of Contents

S. No. Contents Page No.

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Product Type

7.3.4.2.3. By Technology

7.3.4.2.4. By Duration

7.3.4.2.5. By Application

7.3.4.2.6. By End Users

7.3.5. South Korea Rapid Test Kit Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Product Type

7.3.5.2.3. By Technology

7.3.5.2.4. By Duration

7.3.5.2.5. By Application

7.3.5.2.6. By End Users

8. Europe Rapid Test Kit Market Outlook

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Table of Contents

S. No. Contents Page No.

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Product Type

8.2.3. By Technology

8.2.4. By Duration

8.2.5. By Application

8.2.6. By End Users

8.2.7. By Country

8.2.8. List of Approved Major Rapid Test Kit Brand, 2020

8.3. Europe: Country Analysis

8.3.1. France Rapid Test Kit Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Product Type

8.3.1.2.3. By Technology

8.3.1.2.4. By Duration

8.3.1.2.5. By Application

8.3.1.2.6. By End Users

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S. No. Contents Page No.

8.3.2. Germany Rapid Test Kit Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Product Type

8.3.2.2.3. By Technology

8.3.2.2.4. By Duration

8.3.2.2.5. By Application

8.3.2.2.6. By End Users

8.3.3. United Kingdom Rapid Test Kit Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Product Type

8.3.3.2.3. By Technology

8.3.3.2.4. By Duration

8.3.3.2.5. By Application

8.3.3.2.6 By End Users

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8.3.4. Italy Rapid Test Kit Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Product Type

8.3.4.2.3. By Technology

8.3.4.2.4. By Duration

8.3.4.2.5. By Application

8.3.4.2.6. By End Users

8.3.5. Spain Rapid Test Kit Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Product Type

8.3.5.2.3. By Technology

8.3.5.2.4. By Duration

8.3.5.2.5. By Application

8.3.5.2.6. By End Users

9. North America Rapid Test Kit Market Outlook

9.1. Market Size & Forecast

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Table of Contents

S. No. Contents Page No.

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Product Type

9.2.3. By Technology

9.2.4. By Duration

9.2.5. By Application

9.2.6. By End Users

9.2.7. By Country

9.2.8. List of Approved Major Rapid Test Kit Brand, 2020

9.3. North America: Country Analysis

9.3.1. United States Rapid Test Kit Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Product Type

9.3.1.2.3. By Technology

9.3.1.2.4. By Duration

9.3.1.2.5. By Application

9.3.1.2.6. By End Users

9.3.2. Canada Rapid Test Kit Market Outlook

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Table of Contents

S. No. Contents Page No.

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Product Type

9.3.2.2.3. By Technology

9.3.2.2.4. By Duration

9.3.2.2.5. By Application

9.3.2.2.6. By End Users

9.3.3. Mexico Rapid Test Kit Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Product Type

9.3.3.2.3. By Technology

9.3.3.2.4. By Duration

9.3.3.2.5. By Application

9.3.3.2.6. By End Users

10. South America Rapid Test Kit Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

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S. No. Contents Page No.

10.2.1. By Type

10.2.2. By Product Type

10.2.3. By Technology

10.2.4 By Duration

10.2.5. By Application

10.2.6. By End Users

10.2.7. By Country

10.2.8. List of Approved Major Rapid Test Kit Brand, 2020

10.3. South America: Country Analysis

10.3.1. Brazil Rapid Test Kit Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1 By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Product Type

10.3.1.2.3. By Technology

10.3.1.2.4. By Duration

10.3.1.2.5. By Application

10.3.1.2.6. By End Users

10.3.2. Argentina Rapid Test Kit Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1 By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Product Type

10.3.2.2.3. By Technology

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10.3.2.2.4. By Duration

10.3.2.2.5. By Application

10.3.2.2.6. By End Users

10.3.3. Colombia Rapid Test Kit Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1 By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.2.2.2. By Product Type

10.3.3.2.3. By Technology

10.3.3.2.4. By Duration

10.3.3.2.5. By Application

10.3.3.2.6. By End Users

11. Middle East & Africa Rapid Test Kit Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Product Type

11.2.3. By Technology

11.2.4. By Duration

11.2.5. By Application

11.2.6. By End Users

11.2.7. By Country

11.2.8. List of Approved Major Rapid Test Kit Brand, 2020

11.3. Middle East & Africa : Country Analysis

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S. No. Contents Page No.

11.3.1. South Africa Rapid Test Kit Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Product Type

11.3.1.2.3. By Technology

11.3.1.2.4. By Duration

11.3.1.2.5. By Application

11.3.1.2.6. By End Users

11.3.2. Saudi Arabia Rapid Test Kit Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Product Type

11.3.2.2.3. By Technology

11.3.2.2.4. By Duration

11.3.2.2.5. By Application

11.3.2.2.6. By End Users

11.3.3. UAE Rapid Test Kit Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

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S. No. Contents Page No.

11.3.3.2.2. By Product Type

11.3.3.2.3. By Technology

11.3.3.2.4. By Duration

11.3.3.2.5. By Application

11.3.3.2.6. By End Users

11.3.4. Kuwait Rapid Test Kit Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Product Type

11.3.4.2.2. By Technology

11.3.4.2.3. By Duration

11.3.4.2.4. By Application

11.3.4.2.5. By End Users

11.3.4.2.6. By Product Type

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. F. Hoffmann-La Roche AG

14.2. Abbott Laboratories Ltd.

14.3. Siemens Healthineers AG

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S. No. Contents Page No.

14.4. OraSure Technologies, Inc.

14.5. Becton, Dickinson and Company

14.6. Bio-Rad Laboratories, Inc.

14.7. Danaher Corporation (Cepheid, Inc.)

14.8. Eurofins Scientific SE

14.9. Luminex Corporation

14.10. PerkinElmer, Inc.

14.11. Cellex, Inc.

14.12. Thermo Fisher Scientific, Inc.

14.13. Mesa Biotech, Inc.

14.14. BioFire Diagnostics, Inc.

14.15. Akers Biosciences, Inc.

15. Strategic Recommendations

16. About Us & Disclaimer

Page 17: Global Rapid Test Kit Market Size, Share and Forecast 2026 | TechSci Research

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global rapid test kit

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global rapid test kit

market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global rapid test kit market. The team has analyzed

the outlook of various segments of this market, while considering the the major influencing factors such as growing prevalence of various

infectious diseases. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy

to achieve sustainability in the global rapid test kit market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as rapid test kit companies, channel partners,

market influencers & end-users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 rapid test kit companies, 100 – 120 end-users, and 15 – 20 industry experts and other value chain

stakeholders in the global rapid test kit market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-

2020.

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Research Methodology

• Respondents were asked about the current and future market growth rates, market shares by type, by product type, by technology, by

duration, by application, by end users, by company and by region. Removing the outlier responses, the geometric mean of growth estimates

and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue

shares generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

Market share by type, by product type, by technology, by duration, by application, by end users, by company and by region were calculated

based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market

shares or revenue generated from various segments of rapid test kit markets. The final shares were calculated by taking the geometric mean of

the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global rapid

test kit market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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21

Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

• F. Hoffmann-La Roche AG

• Abbott Laboratories Ltd.

• Siemens Healthineers AG

• OraSure Technologies, Inc.

• Becton, Dickinson and Company

• Bio-Rad Laboratories, Inc.

• Danaher Corporation (Cepheid, Inc.)

• Eurofins Scientific SE

• Luminex Corporation

• PerkinElmer, Inc.

• Cellex, Inc.

• Thermo Fisher Scientific, Inc.

• Mesa Biotech, Inc.

• BioFire Diagnostics, Inc.

• Akers Biosciences, Inc.

• World Bank

• TechSci Research Proprietary Database & Knowledge Repository

• Company Annual Reports

• Industry Magazines

• Industry Reports

• News Dailies

• Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Rapid Test Kit Market By Type (Rapid Antigen Test v/s Rapid Antibody Test), By Product Type (Over-

the-counter (OTC) Rapid Test Kit v/s Professional Rapid Test Kit), By Technology (Lateral Flow Assays, Agglutination, Immunospot Assay, Solid

Phase), By Duration (Less than 10 minutes, Less than 30 minutes, Less than 1 hour, 1 hour-2 hour, Others), By Application (Infectious Disease,

Cardiology, Oncology, Pregnancy & Fertility, Toxicology, Glucose Monitoring, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Home

Care, Others), By Region, Forecast & Opportunities, 2026”, the global rapid test kit market was valued at USD 23.44 Billion in 2020 and is expected to

grow at a formidable rate of 8.14% during the forecast period on account of the widespread adoption of these kits across major healthcare facilities.

Additionally, growing popularity of preliminary screening procedures is further expected to propel the market growth through 2026. Furthermore,

growing prevalence of different diseases has led to an increase in demand for diagnostic tests, thereby fueling the market growth over the next few

years. Besides, increasing healthcare costs are further expected to increase the demand for affordable rapid testing procedures. Moreover, increasing

investment on R&D and new product launches by the major biotechnology and pharmaceutical giants is expected to create lucrative opportunities for

the market growth. Also, dynamic marketing and advertising policies followed by major market players, especially for glucose monitoring and pregnancy

kits, is further expected to drive the market growth. However, stringent regulatory norms for the approval of test kits might hamper the market growth

through 2026. Also, sometimes a few test kits are called back since they deliver false results. This is also expected to restrict the market growth during

the forecast period. Furthermore, lack of awareness especially in the emerging world might further impede the market growth. Additionally, these are

good for preliminary screening or tests but cannot be completely relied upon. Hence, confirmatory or secondary tests are required after using rapid test

kits.

The global rapid test kit market is segmented based on type, product type, technology, duration, application, end-user, company and region. Based on

product type, the marker can be split into over-the-counter (OTC) rapid test kit and professional rapid test kit. Among these, the over-the-counter (OTC)

rapid test kit segment is expected to grow significantly through 2026 due to the growing prevalence of chronic diseases such as diabetes. Based on

application, the market can be fragmented into infectious disease, cardiology, oncology, pregnancy & fertility, toxicology, glucose monitoring, and

others. Among these, the infectious disease segment is dominating the market owing to the widespread use of these kits in preliminary screening of

various infectious diseases such as hepatitis, HIV, among others. Furthermore, sudden outbreak of pandemic novel coronavirus disease has increased

the demand for rapid test kits for screening and identifying the positive and suspected coronavirus cases.

F. Hoffmann-La Roche AG, Abbott Laboratories Ltd., Siemens Healthineers AG, OraSure Technologies, Inc., Becton, Dickinson and Company, Bio-Rad

Laboratories, Inc., Danaher Corporation (Cepheid, Inc.), Eurofins Scientific SE, Luminex Corporation, PerkinElmer, Inc., Cellex, Inc., Thermo Fisher

Scientific, Inc., Mesa Biotech, Inc., BioFire Diagnostics, Inc., Akers Biosciences, Inc. and others are some of the leading players operating in global

rapid test kit market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to

boost their share.

“Asia-Pacific is expected to register the highest growth in the global rapid test kits market owing to the increasing patient pool in the region suffering

from various chronic and infectious diseases. Additionally, increasing healthcare awareness has led to an increase in the R&D activities especially in

countries such as China, India and Japan. Furthermore, increasing international trade is expected to create lucrative opportunities for the market

growth. Also, major market players are expanding their facilities in the region owing to the availability of low cost manufacturing and labor, thereby

creating more growth opportunities in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global

management consulting firm.

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Sample Data - Snapshot

Global Rapid Test Kit Market Size, By Value (USD Million), 2016-2026F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

CAGR BY VALUE: XX% CAGR BY VALUE: XX%

Middle East & Africa Rapid Test Kit Market Share, By Type, By Value, 2016–2026F

50%50%50%50%50%50%50%50%50%50%50%

50%50%50%50%50%50%50%50%50%50%50%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Rapid Antigen Test Rapid Antibody Test

South Africa Rapid Test Kit Market Share, By Technology, By Value, 2016–2026F

30%30%30%30%30%30%30%30%30%30%30%

30%30%30%30%30%30%30%30%30%30%30%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Lateral Flow Assays Agglutination Immunospot Assay Solid Phase

Page 24: Global Rapid Test Kit Market Size, Share and Forecast 2026 | TechSci Research

24

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Report Name: GLOBAL RAPID TEST KIT MARKET

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