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Global Markets for Rapid Medical Diagnostic Kits (Mdks) to Surpass $24.2 Billion by 2017: BCC Research
Date:7/30/2013

Wellesley, MA (PRWEB) July 30, 2013

According to a new technical market research report, GLOBAL MARKETS FOR RAPID MEDICAL DIAGNOSTIC KITS (Report code: HLC007H) from BCC Research (http://www.bccresearch.com), the global market for rapid medical diagnostic kits (MDKs) was valued at nearly $18.4 billion in 2012. BCC Research expects the market to reach more than $24.2 billion by 2017 and register a five-year compound annual growth rate (CAGR) of 5.7% for the period 2012 to 2017.

The global market for rapid medical diagnostic kits is being driven by the need to quickly identify infectious diseases, potential cardiac and cancer problems, and women’s health issues such as pregnancy and menopause. Additionally, the explosion of Type 2 diabetes globally has increased the need for blood glucose monitoring systems that provide rapid and accurate results.

The use of rapid tests enables the clinician and the patient to receive test results quickly, usually within 30 minutes, and allows the clinician to prescribe the appropriate medications to treat an identified problem. The rapid diagnostic market, as defined in this report, includes MDKs that provide results in less than two hours without the use of automated equipment. These tests are especially useful in clinic, field, and home settings.

The clinical segment comprises rapid MDKs used in hospitals, clinics, physicians’ offices, and field work. According to BCC Research, the global market value for this segment was $3 billion in 2012. The market is expected to reach nearly $4.5 billion by 2017, registering a CAGR of
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