[October 30, 2017]

Rapid Test Market (Services) 2017 by Technology, Contaminant, Food Tested, and Region - Global Forecast to 2022 - Research and Markets

The "Rapid Test Market (Services) by Technology (PCR, Immunoassay, HPLC, GC-MS, LC-MS/MS), Contaminant (Pathogens, Meat speciation, GMO, Allergens, Pesticides, Mycotoxin, Heavy Metals), Food Tested (Processed, Crops), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

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 bloodborne 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.

Factors such as complexity in testing technologies and the lack of standardization in regulations across various regions are restraining the market growth.

The North American region dominated the rapid test market in 2016. The market for rapid test n North America is driven by the growth in the US market, as it is a large producer, importer, and exporter of different types of meat, food products, and producer of various crops. The US has been implementing various regulations to certify and assure the quality and safety of food from biological and chemical threats.

Market Dynamics

Drivers

• Growth in Demand for Faster And Reliable Test Results
• Increase in R&D Activities
• Increase in the Number of Foodborne Illness
• Increase in Food Recalls
• Globalization of Food Trade
• Implementation of Stringent Food Safety Regulations in Developed Countries

Restraints

• Lack of Food Control Infrastructure & Resources in Developing Countries
• Complexity in Testing Techniques
• Lack of Harmonization of Food Safety Regulations

Opportunities

• Active Involvement of Government, Non-Government, And Regulatory Bodies for Food Safety
• Growth in Awareness Among Consumers About Food Safety
• Emerging Markets in Asian, African, And Other Developing Countries

Challenges

• High Cost Associated With Technologies
• Difficulty in Sample Collection

Companies Mentioned

• Als Limited
• Asurequality
• Bureau Veritas
• Eurofins
• Genetic Id
• Intertek (News - Alert)
• Merieux Nutrisciences
• Microbac Laboratories
• Omic Usa
• Romer Labs
• SGS
• Tuv Sud

For more information about this report visit https://www.researchandmarkets.com/research/3nr3c7/rapid_test_market

View source version on businesswire.com: http://www.businesswire.com/news/home/20171030006084/en/

[ Back To TMCnet.com's Homepage ]