Rapid Tests Industry Growth Outlook: 11.3% CAGR and $53.17 Billion by 2029

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What Is the Long-Term Growth Forecast for the Rapid Tests Market Size 2025?
The swift tests market has seen a fast-paced expansion in the recent past. The market is projected to increase from a worth of $31.07 billion in 2024 to an impressive $34.67 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.6%. Several factors have contributed to this significant growth in the historic period, including a growing incidence of infectious diseases, surging demand for point-of-care diagnostics, enhanced awareness for the early detection of diseases, an increased necessity for expeditious and accurate test results, along with a rise in healthcare spending and accessibility.

What CAGR is Forecasted for the Rapid Tests Market Through 2029?
The size of the rapid tests market is set to experience rapid expansion in the next couple of years, increasing to $53.17 billion in 2029, reflecting a compound annual growth rate (CAGR) of 11.3%. The growth predicted during the forecast period can be linked to the rising use of at-home testing kits, a focus on individualized medicine, a surge in demand for quick testing in emerging markets, and the growing utilization of rapid tests in non-traditional environments. Key trends poised to define the forecast period range from the development of microfluidic technologies, enhanced biosensor incorporation in testing kits, innovation in multifold rapid testing platforms, incorporating artificial intelligence (AI) within diagnostic processes, and advancements in handheld diagnostic devices.

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What Are the Critical Factors Driving Rapid Tests Market Development?
The rapid tests market is likely to expand owing to the escalating occurrence of infectious diseases. Such diseases are triggered by harmful organisms like bacteria, viruses, fungi, or parasites that can transmit directly or indirectly among individuals. The growth in infectious diseases is credited to the increase in travel, which allows pathogens to spread quickly across borders. Rapid tests are crucial in fighting these diseases as they provide swift and precise detection at the point of care. This enables immediate treatment and isolation, thus supporting public health initiatives by curtailing diagnostic delays, enhancing disease management, and curbing the propagation of infections. For instance, the UK Health Security Agency, a government agency based in the UK, reported that tuberculosis cases in England, a contagious bacterial infection that primarily affects the lungs, surged to 4,850 in 2023, an increase of 10.7% from 4,380 cases in 2022. Consequently, the soaring incidence of infectious diseases is propelling the growth of the rapid tests market.

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How Does the Rapid Tests Market Break Down Across Major Segments?
The rapid tests market covered in this report is segmented -

1) By Product: Instruments, Consumables, Other Products
2) By Contaminants: Pathogens, Allergens, Meat Speciation, Pesticides, Other Contaminants
3) By Technology: Polymerase Chain Reaction (PCR)-Based, Immunoassay-Based, Chromatography-Based, Spectroscopy-Based
4) By Application: Cardiology, Oncology, Pregnancy And Fertility, Toxicology, Glucose Monitoring, Infectious Disease, Other Applications
5) By End User: Hospitals And Clinics, Diagnostic Laboratories, Home Care, Other End-Users

Subsegments:
1) By Instruments: Portable Analyzers, Benchtop Analyzers, Handheld Devices, Readers Or Scanners, Multiplex Analyzers
2) By Consumables: Test Strips, Test Cassettes Or Cartridges, Reagents, Sample Collection Devices, Control And Calibration Materials
3) By Other Products: Software And Data Management Systems, Accessories, Maintenance And Service Kits, Packaging Materials, Training And Support Materials

What Are the Major Trends Transforming the Rapid Tests Industry?
Leading businesses in the rapid tests market are concentrating on creating cutting-edge solutions like advanced bioluminescence technology, which provides quicker, more precise, and effective detection of pathogens. Advanced bioluminescence technology uses luminous biochemical reactions, often with luciferase enzymes and substrates, to identify the existence of biological markers or microorganisms. Take, for instance, Nelson Labs, a testing services firm based in the U.S., introduced a quick sterility testing procedure in March 2025. This new approach shortens the traditional 14-day culturing period to just six days by using advanced bioluminescence technology. This system identifies microbial adenosine triphosphate (ATP), an indication of living entities, by gauging the light produced during the bioluminescent reaction. The procedure automates the identification of microbial contamination, improves accuracy, ensures adherence to regulations, and facilitates quicker and trustworthy product release while maintaining safety standards.

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Which Players Are Driving Innovation in the Rapid Tests Market?
Major companies operating in the rapid tests market are Pfizer Inc., F. Hoffmann-La Roche AG, Abbott Laboratories, Thermo Fisher Scientific Inc., Siemens Healthineers, BioMérieux SA, Quidel Corporation, Bio-Rad Laboratories Inc., PerkinElmer Inc., OraSure Technologies Inc., SEKISUI Diagnostics LLC, Trivitron Healthcare Pvt. Ltd., Ellume Limited, Access Bio Inc., ACON Laboratories Inc., CTK Biotech Inc., iHealth Labs Inc., Wondfo USA Co. Ltd., InBios International Inc., Lab Care Diagnostics India Pvt. Ltd., Immunostics Inc., Aptitude Medical Systems Inc., Nano-Ditech Corporation, Azure Biotech Inc., Beijing Hotgen Biotech Co. Ltd., CorDx Inc., Genabio Diagnostics Inc., Maxim Biomedical Inc., OSANG LLC, Watmind USA.

Which Regions Are Driving Global Rapid Tests Market Expansion?
North America was the largest region in the rapid tests market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rapid tests market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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