Owing to the Increasing Disposable Incomes and Life Style Changes in Asia and Latin America Fueling the Growth for Rapid Medical Diagnostic Kits (MDKs) Market
Industry Experts has today published the new market research report on Rapid Medical Diagnostic Kits. As per the new global market report ‘Global Rapid Medical Diagnostic Kits Market – Applications and Technologies’ , Asia-Pacific is expected to be the fastest growing Rapid MDKs market with a 2014-2020 CAGR of 7.9% to reach a market worth US$5.7 billion by 2020. North America estimated to be the largest market with 2015 market reaching to US$7.7 billion. The global market for Rapid Medical Diagnostic Kits (MDKs) has been witnessing steady, albeit not rapidly accelerated, growth over the past few years, and this trend is likely to sustain over the coming years. One of the major factors that can be attributed to this is the quick time, typically inside of 30 minutes, within which test results can be made available. This helps physicians in expediting the therapy process for individuals by prescribing the appropriate medications within a short period of time. Gone are the days when doc