Rapid Immunoassay Test Strips Cassettes Market Expected to Grow USD 53.97 billion by 2030, Drivers, Types, and Forecast to 2023

Rapid Immunoassay Test Strips Cassettes Market research report has the most recent market information with which companies can get in depth analysis of Rapid Immunoassay Test Strips Cassettes Market industry and future trends. With the market statistics included in the industry analysis report, getting a global perspective for the international business has become quite easy. By knowing the marketing strategies of rivals, businesses can decide upon innovative ideas and striking sales targets. All this ultimately helps them achieve competitive advantage over competitors. Thus, the significant Rapid Immunoassay Test Strips Cassettes Market report helps with the rises in business activities, qualitative work done and superior profits.

Data Bridge Market Research analyses that the rapid immunoassay test strips/cassettes market which is USD 28.1 billion in 2022, is expected to reach USD 53.97 billion by 2030, at a CAGR of 8.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Test for Rapid Immunoassay an immunoassay called cassette/strip is designed to find and distinguish between IgM and IgG antibodies to SARS-CoV-2 in human venous blood, plasma, or serum. It is a low-cost, self-contained, disposable, lateral flow, hand-held, point-of-care immunoassay cassette.

Siemens (Germany), Hologic, Inc. (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Abbott (U.S.), BD (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Thermo Fisher Scientific (U.S.), Koninklijke Philips N.V. (Netherlands), NeuroLogica Corp. (U.S.), Shimadzu Medical (India) pvt. Ltd. (Japan), General Electric (U.S.), Quest Diagnostics Incorporated (U.S.), Sysmex India Pvt. Ltd. (Japan), Hitachi, Ltd. (Japan), Canon Inc. (Japan), FUJIFILM Holdings Corporation (U.K.)

Global Rapid Immunoassay Test Strips/Cassettes Market Dynamics

Drivers

• Increase in COVID-19 cases

The rapid spread of the virus across countries in which the WHO declared to be pandemic, forced governments to rely on extensive testing, which led to a significant increase in demand for COVID-19 test kits. The lack of a viable therapy up to now, which has led people to think that diagnostic testing is a way to stop the pandemic has helped to support the demand for these tests.

Opportunities

• Need for test kits in hospitals likely to pave the way for global market growth

The need for coronavirus test kits has risen steeply since the coronavirus first appeared. It is now more crucial than ever to identify coronaviruses using test kits in order to stop the infection’s spread and grow the market. Only specialized labs with the required licences are capable of performing the molecular and serology tests contained in this kit. The need for the industry has surged due to the global coronavirus outbreak.

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Recent Developments

• In 2020, A quick point-of-care immunoassay for SARS-CoV-2 developed by True Diagnostics, a prominent US Point of Care (POC) company, in collaboration with Veravas and Infectolab Americas. Called the VeraTest SARS-CoV-2 IgA / IgG Fast Test, it will be able to identify immunoglobulin A and immunoglobulin G antibodies to SARS-CoV-2 in blood within 15 minutes.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The rapid immunoassay test strips/cassettes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for rapid immunoassay test strips/cassettes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the rapid immunoassay test strips/cassettes market. The data is available for historic period 2011-2021.

Major Points Covered in Table of Contents:

An Overview of the Rapid Immunoassay Test Strips Cassettes Market Industry

Manufacturers’ Market Share Production Market Share by Regions

Consumption in Different Regions

Trends in Production, Revenue, and Price by Type

Analysis of the Rapid Immunoassay Test Strips Cassettes Market by Applications

Rapid Immunoassay Test Strips Cassettes Market Industry Company Profiles and Key Figures Rapid Immunoassay Test Strips Cassettes Market Manufacturing Cost Analysis

Customers, Distributors, and Marketing Channel

Market Trends

Research Findings and Conclusions on the Rapid Immunoassay Test Strips Cassettes Market

Data Source and Methodology

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