Rapid Test Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Rapid Test Market highlights key players such as SGS, Eurofins, Intertek, Bureau Veritas, ALS Limited, Merieux Nutrisciences, TUV SUD, Asurequality, Microbac Laboratories, Genetic ID, Romer Labs, OMIC USA.
The rapid test market is projected to reach USD 15.71 billion by 2022, at a CAGR of 7.7% from 2017. The market is driven by factors such as the establishment of stringent regulations in the food industry by developed as well as emerging countries due to increasing food product recalls and cases of blood borne illness & hospitalizations caused by contaminated food.
The growth in the market is also attributed to the technological advancements due to increased R&D investments by companies.
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Factors such as complexity in testing technologies and the lack of standardization in regulations across various regions are restraining the market growth.
The meat speciation segment is projected to grow at the highest CAGR among the all contaminants for rapid test market from 2017 to 2022. Increasing incidences of meat adulterations in higher value meat products in fueling growth of the market.
Consumers must be correctly informed about the materials used in the product through the labeling act before they make any purchase decision. As the inclusion of meat is increasing in modern food, a convenient method of verifying the labeling of commercial food products is important to ensure food safety and gain consumers' trust.
PCR is DNA-based molecular technology. The technology amplifies fragments of DNA extracted from the food product samples to accurately identify the DNA of each species in the product, resulting in enabled cross-checking of the product’s quality and confirmation of the claims that the product makes.
PCR technology provides assurance of reliability, quality, and faster test results, which in turn drives its market.
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Key Points From Table Of Content:
7 Rapid Test Market, By Contaminant
7.3 Meat Speciation
7.8 Heavy Metals
8 Rapid Test Market, By Technology
9 Rapid Test Market, By Food Tested
9.2 Meat & Seafood Products
9.3 Dairy Products
9.4 Processed Food
9.5 Fruits & Vegetables
9.6 Cereals & Grains
9.7 Nuts, Seeds, and Spices
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The report focuses on rapid test services for different materials and regions. It aims at estimating the market size and future growth potential of this market across different segments—contaminants, technology, food tested, and region.
Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
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