Published on: December 15, 2020

Mono Rapid Testing Market by Product and Geography - Forecast and Analysis 2020-2024 Market Analysis

Cardinal Health, ELITech Group, Sekisui Diagnostics, Thermo Fisher Scientific, Cortez Diagnostic, Quidel, and Abbott are some of the major vendors in the mono rapid testing market.

This report analyzes the market’s competitive landscape and provides information on the competencies and capacities of these companies. The report also analyzes the market by product (Lateral Flow Assay Kit and Agglutination Assay Kits) and geography (North America, Europe, Asia, and ROW).

What will the Mono Rapid Testing Market Size be in 2020?

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Parent Market - Global Life Sciences Tools & Services Market

The market for mono rapid testing is categorized as a part of the global life sciences tools & services market.

In 2019, the life science tools and services market was valued at USD 120.13 billion and is expected to grow at a moderate pace during the forecast period. The growth will be driven by factors such as:

Expanding access to improved healthcare in emerging economies:
Increase in cases of chronic conditions
Growing R&D spend of pharma and biotech companies and research institutions:
Global growth expected due to the increasing number of tests for infectious and chronic diseases

What are the Key Factors Influencing Mono Rapid Testing Market Growth?

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The rising prevalence of infectious mononucleosis diseases due changes in lifestyle will influence the growth of this market during the forecast period. In-house laboratory for clinical testing in the physician office, one of the key mono rapid testing market trends, will also drive market growth.

Mono rapid testing provides only qualitative detection of infectious mononucleosis and quantitative analysis of antigens is not possible. This will challenge the growth of the market.

Who are the Key Mono Rapid Testing Companies?

The market is fragmented with the presence of several competitors. Key vendors covered in this mono rapid testing market report include:

Cardinal Health
ELITech Group
Sekisui Diagnostics
Thermo Fisher Scientific
Cortez Diagnostic
Quidel
Abbott

With favorable conditions for growth, the level of competition among companies in the market will intensify further. To help companies take more effective decisions and make the most of the increasing market size, this report provides a detailed analysis of the factors that will accelerate and hinder market growth, threat from new entrants and substitutes, and the market positioning of vendors.

Key Questions Answered in this Mono Rapid Testing Market Analysis Report

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the mono rapid testing industry across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of mono rapid testing vendors

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