The rapid test market, in terms of value, was valued at USD 10.14 Billion in 2016. It is projected to reach USD 15.71 Billion by 2022, at a CAGR of 7.7% from 2017.

The growing demand for faster as well as quantitative test results to ensure food safety is driving the market for rapid test. The market players are responding to these new opportunities by expanding their global presence and service offerings.

The increasing international trade activities helps to drive the growth of the rapid test industry.