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Rapid Tests Market Size, Share | Analysis and Growth Forecast - 2022

The global market for rapid test has grown exponentially in the last few years. The market size is projected to reach USD 15.71 Billion by 2022, growing at a CAGR of around 7.7% from 2017. Emerging countries such as India, China, India, Brazil, and Argentina are the potential primary markets of the industry. Factors such as rising demand for rapid test result to enhance productivity, increasing food recalls to ensure consumer safety, stringent regulatory environment, and the emergence of new technologies are the major driving factors for this market.

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Rapid Tests Market Size, Share | Analysis and Growth Forecast - 2022

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  1. MarketsandMarkets™ Presents Rapid Test Market - Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/rapid-testing-market-161522931.html

  2. The report "Rapid Test Market (Services) by Technology (PCR, Immunoassay, HPLC, GC-MS, LC-MS/MS), Contaminant (Pathogens, Meat speciation, GMO, Allergens, Pesticides, Mycotoxin, Heavy Metals), Food Tested (Processed, Crops), and Region - Global Forecast to 2022“, The rapid test market, in terms of value, was valued at USD 10.14 Billion in 2016. It is projected to reach USD 15.71 Billion by 2022, at a CAGR of 7.7% from 2017. Rapid test includes the testing of food products for various contaminants such as pathogens, meat speciation, GMOs, allergens, pesticides, mycotoxins, heavy metals, and others. The growing demand for faster as well as quantitative test results to ensure food safety is driving the market for rapid test. Browse 99 Market Data Tables and 48 Figures spread through 225 Pages and in-depth TOC on "Rapid Test Market - Global Forecast to 2022“ Significant growth for rapid test is observed in the Asia-Pacific region The requirement for rapid test has grown in the region in recent years, owing to an increase in consumer awareness in the Asia-Pacific region regarding the safety of food products. The growth in this market is fueled by the economic development in countries such as China and India. Food safety procedure compliance in Europe (a major importer) is severe, and in order to hold the food trade, Chinese food producers have to comply with the food standards and regulations. China is a potential market for rapid test due to various factors such as unhygienic food practices, human negligence, regulatory violations, and fraudulent practices growing incidences of foodborne illness due to contaminated food. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=161522931

  3. The years considered for the study are as follows: • Base Year: 2016 • Estimated Year: 2017 • Projected Year: 2022 • Forecast Period: 2017 to 2022 • The objectives of the study are: • To define, segment, and forecast the size of the rapid test market with respect to contaminant, technology, food tested, and region • To analyze the market structure by identifying various subsegments of the rapid test market • To forecast the size of the market and its various submarkets with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW) • To provide detailed information about crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and challenges) • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders • To strategically profile key players and comprehensively analyze their market share and core competencies • To analyze competitive developments such as expansions & investments, acquisitions, new product/service & technology launches, agreements, collaborations, and partnerships in the rapid test market • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=161522931

  4. Pathogens testing dominated the market in 2016 In developing and under-developed countries, pathogens are major causes of foodborne illnesses and death whereas in developed countries, millions of cases of infectious gastrointestinal diseases are reported each year due to foodborne pathogens, costing billions of dollars in medical care and lost productivity. Traditional methods, which have been widely used in pathogen testing of food, are very time consuming and take as high as 7 to 8 days to provide the results due to which this segment dominated the market in 2016. PCR-based segment projected to grow at the highest CAGR, by technology, from 2017 to 2022 PCR is the dominant rapid test technology applied in food testing; the market for the same is projected to grow at a significant rate in the next five years. The market for PCR-based technology in rapid test is growing due to the automated, faster, and accurate results with low level of detection. Meat & seafood products segment projected to grow at the highest CAGR, by food tested, from 2017 to 2022 Meat & seafood products are tested by means of rapid test technologies for various contaminants. Meat speciation testing, in its different forms, is a routine practice conducted to safeguard consumer interest and health, especially against malpractices such as adulterations. This segment is expected to grow at a high rate primarily due to increasing stringency of regulations for meat products along with increasing cases of contaminated meat. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=161522931

  5. Target Audience: • R&D institutes • Technology providers • Rapid test service providers • Intermediary suppliers • Wholesalers • Dealers • Consumers • Available Customizations: • The following customization options are available for the report: • Segmental Analysis • Segmental analysis, which provides further breakdown of the in the pathogens, meat speciation, GMOs, allergens, pesticides, mycotoxins, and heavy metals in contaminant segment. • Geographic Analysis • Further breakdown of the Rest of Asia-Pacific rapid test market, by country • Further breakdown of other countries in the Rest of the World rapid test market, by key country • Company Information • Detailed analyses and profiling of additional market players (up to five) • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=161522931

  6. Contact Us Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.comBlog @ https://mnmblog.org/market-research/agriculture Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

  7. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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