Europe Rapid Diagnostic Tests Market - Industry Trends and Forecast to 2031
Europe Rapid Diagnostic Tests (RDT) market is expected to reach USD 21.64 billion by 2031 from USD 12.04 billion in 2023, growing with a healthy CAGR of 8.2% in the forecast period of 2024 to 2031.
Market SegmentationEurope Rapid Diagnostic Tests (RDT) Market, By Product Type (Consumables and Kits, Instruments, and Others), Mode (Professional Rapid Diagnostic Test Product and Over-The-Counter [OTC] Rapid Diagnostic Test Product), Technology (PCR-Based, Flow-Through Assays, Lateral Flow Immunochromatographic Assays, Agglutination Assay, Microfluidics, Substrate Technology, and Others), Modality (Laboratory Based Test and Non-Laboratory Based Test), Age Group (Adult and Pediatric), Test Type (Determining Confirmation, Serological Testing, and Viral Sequencing), Approach (In-Vitro Diagnostic and Molecular Diagnostic), Specimen (Swab, Blood, Urine, Saliva, Sputum, and Others), Application (Infectious Disease Testing, Glucose Monitoring, Cardiology Testing, Oncology Testing, Cardiometabolic Testing, Drugs-of-Abuse Testing, Pregnancy & Fertility Testing, Toxicology Testing, and Others), End User (Hospital & Clinic, Diagnostic Laboratory, Home Care Setting, Research and Academic Institutes, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others) Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe) - Industry Trends & Forecast to 2031
Overview of Europe Digital Health Market Dynamics
Driver• Increase in incidence of chronic diseases
Restraint • High cost associated with the rapid diagnostic kits
Opportunity • Strategic initiation and product launches by market players
Market PlayersSome of the market players operating in the Europe Rapid Diagnostic Tests (RDT) market are listed below:
• Cardinal Health,
• Siemens Healthcare Gmbh,
• MEGACOR DIAGNOSTIK,
• PerkinElmer Inc.,
• Sekisui Diagnostics,
• PTS Diagnostics,
• LamdaGen Corporation,
• werfen,
• Nova Biomedical,
• Trinity Biotech
• Abbott