Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.48 Billion | USD 100.04 Billion | 21.39% | 2023 |
Zion Market Research has published a report on the global Coronavirus Testing Kits Market, estimating its value at USD 17.48 Billion in 2023, with projections indicating that it will reach USD 100.04 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 21.39% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Coronavirus Testing Kits industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The study provides historic data from 2018-2023 along with forecast from 2023 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the coronavirus testing kits market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the coronavirus testing kits market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the coronavirus testing kits market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the coronavirus testing kits market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new type of test launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the coronavirus testing kits market on global and regional basis.
The study provides a crucial view on the coronavirus testing kitsby segmenting the market based on type of test,technology, end user, and region. All the segments of coronavirus testing kits market have been analyzed based on present and future trends and the market is estimated from 2016 to 2026.
Report Attributes | Report Details |
---|---|
Report Name | Coronavirus Testing Kits Market |
Market Size in 2023 | USD 17.48 Billion |
Market Forecast in 2032 | USD 100.04 Billion |
Growth Rate | CAGR of 21.39% |
Number of Pages | 126 |
Key Companies Covered | Roche Diagnostics, Abbott Laboratories, MyLab, Altona Diagnostics, Qiagen, Getein Biotech, BioMednomics, Hangzhou Biotest Biotech, Sensing Self Ltd, Beijing Tigsun Diagnostics Co Ltd, AmonMed Biotechnology Co, CTK Biotech and Biomaxima |
Segments Covered | By Type Of Test, By Technology, By Specimen Type, By End User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on type of test, global coronavirus testing kits market is bifurcated into Molecular, Serology. Based on technology, global coronavirus testing kits market is categorized into RT-PCR, Microneutralization Assaysand ELISA Test. Based on specimen type market is segmented into nose & throat swab, blood, sputum and nasal aspirate. Based on end user market is segmented intoHospitals and Clinics, Public Health Labs, Private or Commercial Labs, and other end users.The regional segment includes North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa.
Global Coronavirus Testing Kits Market: Type of Test
Global Coronavirus Testing Kits Market: By Technology
Global Coronavirus Testing Kits Market: By Specimen Type
Global Coronavirus Testing Kits Market: By End User
Global Coronavirus Testing Kits Market: By Region
FrequentlyAsked Questions
Increasing cases of coronavirus cases across the globe drives the demand for coronavirus testing kits. Increasing need to prevent spread of coronavirus and increasing government funding is expected to further boost the market growth.
North America is projected to be largest regional market for the global coronavirus testing kits in 2020. This large share is attributed tohigh prevalence of coronavirus cases, presence of advanced healthcare infrastructure, increasing health awareness and favorable reimbursement policies. Europe is projected to be second leading regional market.
Major players in coronavirus testing kitsmarket are Roche Diagnostics, Abbott Laboratories, MyLab, Altona Diagnostics, Qiagen, Getein Biotech, BioMednomics, Hangzhou Biotest Biotech, Sensing Self Ltd, Beijing Tigsun Diagnostics Co Ltd, AmonMed Biotechnology Co, CTK Biotechand Biomaximaamong others.
Based on the enduser, the market is divided into hospitals and clinics, public health labs, private or commercial labs, and others.Hospitals and clinics segment will register rapid growth in the coming years.
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