Rapid Influenza Diagnostic Test (RIDT) Market Is Expected To Reach USD 689.0 Million By 2026
ID : ME_062010 Format : PDF November, 2019 Pages : 222
The Rapid Influenza Diagnostic Test (RIDT) market is projected to see a considerable amount of development in the coming. The growth in the country is accredited to recent technological developments and advancements in the field of influenza diagnostics, the occurrence of well-developed and advanced healthcare infrastructure as well as experienced professionals. Also, increasing the prevalence of influenza in the country is likely to further propel the market development.
Rapid Influenza Diagnostic Test Market Size – USD 130.6 million in 2016, Market Growth - CAGR of 9%, RIDT Market Trends- Augment in influenza occurrence across the world will increase at the rapid influenza diagnostic tests (RIDT) market development in the coming future.
The global Rapid Influenza Diagnostic Test (RIDT) market is projected to reach around USD 689.0 million by 2026, according to a new report by Reports and Data. The market is projected to witness a major development in the year’s future. Rapid influenza diagnostic tests (RIDTs) majorly refer to the method of assessment of antigen detection, which identifies influenza viral antigens with a very short period of time, within 15 to 20 minutes, with high accuracy. Influenza is considered a significant reason for morbidity and mortality in the human population. As such, the requirement for development and use of diagnostics planned at lessening subsequent economic and health impacts arises. This is expected to add momentum to the global rapid influenza diagnostic tests (RIDT) market in the years to come. In addition, a quick rise in the occurrence of influenza and chronic diseases also propel the global rapid influenza diagnostic tests (RIDT) market.
In terms of region, North America is expected to be the primary growth market for rapid influenza diagnostic test (RIDT). Several government initiatives, growth in healthcare expenditure, accessibility of technological developments, as well as increasing awareness among people are some of the significant factors propelling the global Rapid Influenza Diagnostic Test (RIDT) market. Furthermore, Europe is projected to be the second significant market for Rapid Influenza Diagnostic Test (RIDT) followed by the Asia Pacific due to growth in diagnostic tests. Latin America is expected to grow at a reasonable rate in the coming years and the Middle East is likely to develop at a slow rate due to poor health care infrastructure as well as poverty.
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Further key findings from the report suggest
- The global Rapid Influenza Diagnostic Test (RIDT) share of USD 130.6 million in 2016 and forecast to grow at a CAGR of 9% during the forecast period.
- In terms of application, the global rapid influenza diagnostic test (RIDT) market is classified into POCT, Hospitals, and Others. In the global Rapid Influenza Diagnostic Test (RIDT) market, the Hospital segment is expected to hold a considerable share on the basis of application, and it is estimated to grow at a CAGR of 9% during 2016 and 2026.
- The U.S. is likely to occupy a significant market share in the North America region due to the high patient population. According to the Center for Disease Control and Prevention (CDC), around 32,000 Americans were admitted to the hospitals for influenza from 2017 to 2018. Increasing several government initiatives in order to put off influenza occurrence in the region is likely to fuel the rapid expansion in the influenza diagnostics tests market development.
- Key participants include DiaSorin S.p, BD, SA Scientific, CorisBioconcep among other players
Global Rapid Influenza Diagnostic Tests (RIDT) Market: Product (Revenue, USD Billion; 2016-2026)
Antibodies Market, by Type
- Primary Antibodies
- Secondary Antibodies
Antibodies Market, by Source
Antibodies Market, by Research Area
- Infectious Diseases
- Stains & Dyes
- Media & Sera
Global Rapid Influenza Diagnostic Tests Market: By Technology (Revenue, USD Billion; 2016-2026)
- Western Blotting
- Flow Cytometry
- Enzyme-linked Immunosorbent Assay
Global Rapid Influenza Diagnostic Tests Market: By Application (Revenue, USD Billion; 2016-2026)
- Drug Development
- Other Applications
Global Rapid Influenza Diagnostic Tests Market: By End User (Revenue, USD Billion; 2016-2026)
- Pharmaceutical & Biotechnological Companies
- Academic & Research Institutes
- Contract Research Organizations
Regional Outlook (Revenue, USD Billion; 2016-2026)
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