Rapid Test Kit Market to Grow at a Steady CAGR of 8.14% During the Forecast Period
Increasing prevalence of diseases to drive the growth of global rapid test kit market in the forecast period, 2022-2026. According to TechSci Research report, “ Rapid Test Kit Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026” t he global rapid test kit market stood at USD23.44 Billion in 2020 and is expected to grow at a steady CAGR of 8.14% during the forecast period on account of growing prevalence of diseases. The growing demand for rapid test kit from various point of care diagnostic centers, homecare, among others is expected to support the market growth through 2026. The growing prevalence of various chronic diseases such as cancer, diabetes, and cardiovascular diseases has significantly increased the patient pool suffering from these diseases worldwide. This in turn has significantly increased the demand for various rapid test kits. These rapid test kits can be used for disease diagnosis and monitoring a...