The global demand for Rapid Immunoassay Test Strips/Cassettes Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028.
Rapid Immunoassay Test Cassette/strip is an immunoassay intended to detect and differentiate IgM and IgG antibodies to SARS-CoV-2 in human venous blood, plasma, or serum. It is an inexpensive, lateral flow, hand-held, point-of-care, disposable, self-contained, immunoassay cassette. It comprises air pouches for pumping, reagents storage chambers, a mixer, a metering chamber, and a lateral flow strip. A cassette for testing has several advantages like easy sample preprocessing, integrated storage of reagents, fast diagnostics, and automated operation that can reduce operator errors and the need for training. Testing must be performed immediately after specimen collection, and only fresh samples are recommended.
Market Dynamics
The continually increasing cases of CoVid-19 and the need for smart testing solutions will be the critical stimulants for the growth of this market. The demand for Immunoassay test strips will continue to show a steady increase since they are up-and-coming tools with many benefits like faster test results, easy to use, affordable, expensive equipment, or trained professionals' operation. The ability to use these cassettes in regions where sophisticated laboratory facilities lack will be a market booster. The market will witness lucrative opportunities for growth since these cassettes can be extended to detect biomarkers of other diseases in body fluids and other fluids at the point of care. A constant increase in laboratory capacity by expanding testing portfolios in existing centers and establishing new, high-capacity laboratories maximizes the adoption of detection kits. The main challenge the immunoassay test cassette/strip market faces is introducing better and efficient alternate test kits.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of rapid immunoassay test strips/cassettes.
Market Segmentation
This section of the rapid immunoassay test strips/cassettes market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Specimen Type
- Nasopharyngeal Swab
- Oropharyngeal Swab
- Nasal Swab
- Others
By End-Use
- Hospitals
- Clinics
- Public Health Labs
- Private and Commercial Labs
- Physicians Labs and Research Institutes
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Rapid Immunoassay Test Strips/Cassettes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Rapid Immunoassay Test Strips/Cassettes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the rapid immunoassay test strips/cassettes market include BGI Group, Abbott, BioFire Diagnostics, Cepheid, Co-Diagnostics, Inc., F. Hoffmann-La Roche AG, GenMark Diagnostics, Inc., Guangzhou Wondfo Biotech, QIAGEN, Mylab Discovery Solutions Pvt. Ltd., Quidel Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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