Immunoassay Technology Dominates Rapid Test Market, Especially in Infectious Disease Diagnosis
The technology landscape of the rapid test market, particularly the dominance of immunoassay techniques, plays a pivotal role in diagnosing infectious diseases. Immunoassay, utilizing the binding of antibodies to antigens, is widely employed in detecting various substances and has become instrumental in diagnosing conditions such as viral hepatitis, HIV, and Lyme disease. The widespread adoption of immunoassay technology further strengthens the market’s position, contributing to its growth trajectory.
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North America Leads Rapid Test Market, Fueled by Awareness and Advanced Testing Availability
North America is poised to maintain its dominance in the global rapid test market, driven by increased awareness of infectious diseases, a rise in healthcare expenditure, and the availability of advanced testing solutions. With the market in Asia Pacific projected to grow at a high CAGR, the global landscape is witnessing a significant shift toward rapid tests for disease diagnosis. Key players, including Abbott Laboratories, Roche, and Danaher Corporation, are actively contributing to the market’s growth through strategic initiatives, such as product launches and partnerships, enhancing their market share and ensuring accessibility to reliable rapid testing solutions.