Prevalence of different diseases is expected to increase exponentially worldwide due to change in lifestyles, malnutrition or genetic mutations. Therefore, rapid diagnosis of diseases is essential to start off treatment at an early stage. Rapid test strips readers are used to provide quantitative clinical diagnosis and can also be applied in drugs of abuse tests, fertility tests, etc. Rapid test strips readers provide detection platforms for rapid test applications. The readers support customization according to user needs.
Growth of the global rapid test strips readers market can be primarily ascribed to the rise in demand for point-of-care diagnostics across the world. Moreover, increase in adoption rate of advanced diagnostic instruments that are highly flexible, easy to use, and portable for use in hospitals, laboratories, etc. in order to generate quick and accurate results is another driver of the global rapid test strips readers market.
Based on product type, the global rapid test strips readers market can be classified into portable test strips readers and desktop test strips readers. The portable test strips readers segment is projected to account for a significant share of the market in the near future, as these strips are highly flexible, provide wide area diagnostic data collection facility via cloud service, have compact design, are easy to use on extremely small instrument platform. These features make portable test strips highly useful for point-of-care diagnosis. Based on application, the global rapid test strips readers market can be segmented into drugs of abuse test, fertility test, infectious diseases test, and others. The infectious diseases test segment is expected to grow significantly during the forecast period as the prevalence of infectious diseases, which need a point-of-care testing in order to be treated in time, is increasing across the world. Moreover, increasing research and development activities on various rare infectious diseases make the segment more attractive. In terms of end-user, the global rapid test strips readers market can be categorized into hospitals, diagnostic laboratories, research institutes, and others. The hospitals segment is expected to constitute a considerable share of the market during the forecast period, as patients prefer to visit hospitals for both tests and treatment available under one roof.
In terms of region, the global rapid test strip readers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global rapid test strip readers market. The region is projected to account for a significant share of the global rapid test strip readers market during the forecast period due to high incidence of infectious diseases that need point-of-care diagnosis and growing research and development activities in the region. Technological advancement, increasing demand of accurate and rapid diagnosis, and rising number of diagnostic laboratories are some of the key factors that are projected to drive the rapid test strips readers market in Europe. Developing health care infrastructure, increasing awareness of various diseases and the importance of early detection, and growing focus of major players on Asia are estimated to propel the market for rapid test strip readers in Asia Pacific in the near future.
Leading players operating in the global rapid test strip readers market include Axxin, CELLMIC LLC, QIAGEN, Esterline Technologies Corporation, Hangzhou Allsheng Instruments CO., Ltd., and Detekt Biomedical LLC.
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