COVID Testing Kit Market Overview
COVID Testing Kit Market is projected to reach USD 122.8 Billion by 2030 at CAGR of 7.20%, says Market Research Future (MRFR). It is due to the rising prevalence of infectious and non-infectious diseases over the world. Furthermore, the unexpected emergence and spread of pandemic COVID-19 have increased demand for quick test kits for COVID-19 diagnosis. As a result, the market is expected to rise in 2020.
Additionally, during the projection period, the COVID testing kit market is likely to benefit from an increase in the global diabetic population, which necessitates monitoring sugar levels to control the condition. Furthermore, rising public awareness of the need of leading a healthy lifestyle and disease prevention and management has resulted in a higher demand for self-diagnostics, bolstering market growth in the subsequent years. Moreover, throughout the projected period, the market is anticipated to increase due to the thriving healthcare industry and rising healthcare expenditure by governments and populations worldwide.
COVID Testing Kit Market Segmentation
Type, end-user, product type, duration, technology, application, company, as well as regional distribution are all used to segment the Global COVID testing kit market. The market could be divided into two types: quick antigen test as well as rapid antibody test. The market could be classified into two categories based on product type: over-the-counter (OTC) rapid test as well as a professional rapid test kit. The market could be divided into four categories based on technology: lateral flow assay, agglutination, solid phase, and immunospot test.
Request Free Sample Copy at:https://www.marketresearchfuture.com/sample_request/9715
The COVID testing kit market could be divided into segments based on duration: less than 30 minutes, less than 1 hour, less than 10 minutes, 1 hour-2 hour, and others. The market could be divided into hospitals & clinics, diagnostic centers, home care, and many others depending on the end-user. Infectious illness, cancer, glucose monitoring, toxicology, pregnancy & fertility, cardiology, and others are some applications that the market may be divided into.
COVID Testing Kit Market Regional Classification
Americas
North America
- US
- Latin America
- Canada
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Europe
- Russia
- Spain
- France
- UK
- Germany
- Italy
- Rest of Europe
Asia-Pacific
- Japan
- India
- Australia
- China
- South Korea
- Malaysia
- Vietnam
- Thailand
- Philippines
- Taiwan
- Indonesia
- Rest of Asia-Pacific
Middle East & Africa
- Middle East
- United Arab Emirates
- Turkey
- Rest of the Middle East
- Saudi Arabia
Africa
COVID Testing Kit Market Competitive Outlook
The Top Key Players in the COVID testing kit market are Siemens AG (Germany), Guangzhou Wondfo Biotech (China), Robert Bosch GmbH (Germany), Cellex (US), Mayo Clinic Laboratories (US), Mount Sinai Laboratory (US), Zhejiang Orient Gene Biotech Co., Ltd. (China), Dynamiker Biotechnology (Tianjin) Co., Ltd (China), Abbott (US), BioMérieux SA (France), Bio-Rad Laboratories, Inc. (US), Chembio Diagnostic Systems, Inc. (US), Danaher Corporation (US), F. Hoffmann-La Roche Ltd (Switzerland), GenMark (US), Henry Schein, Inc. (US), Thermo Fisher Scientific Inc. (US), Qiagen (Germany),Biomedomics Inc. (US), Safecare Biotech (Hangzhou) Co., Ltd (China), Ortho Clinical Diagnostics (US), Innovita Biological Technology Co., Ltd (China), Guangdong Hecin Scientific, Inc. (China), Advaite, Inc. (US), Mylab Discovery Solutions Pvt. Ltd (India), BGI Group (China), and others.
Industry News
Due to the global spread of pandemic COVID-19 and the dread of the virus spreading and infecting people, stringent lockdown and movement restrictions were imposed, forcing people all over the world to turn to home-based healthcare. People opted to use fast test kits at home for diabetes monitoring, pregnancy/fertility testing, as well as other purposes rather than visiting healthcare institutions like hospitals and clinics, diagnostic centers, and so on. People began employing quick antigen and antibody kits for COVID-19 testing at home, which influenced market growth positively.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/covid-testing-kit-market-9715
As per the United Nations Department of Economic and Social Affairs Population Division, there were 702.9 million people aged 65 and up. By 2050, this number is predicted to increase by 120 percent, to 1548.9 million. The expanding geriatric population (those aged 65 and up) is vulnerable to a variety of diseases, both communicable and non-communicable, which is predicted to boost the Global COVID testing kit market’s development.
Browse Related Reports at:
Healthcare Information Systems Market Research Report – Forecast to 2027
Clinical Trials Market Research Report – Forecast to 2027
Patient Access Solutions Market Research Report – Forecast to 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: info@marketresearchfuture.com