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COVID-19 Detection Kits Market Size
- Report ID: GMI4610
- Published Date: Mar 2022
- Report Format: PDF
COVID-19 Detection Kits Market Size
COVID-19 Detection Kits Market size surpassed USD 32.3 billion in 2021 and is expected to witness -17.8% CAGR from 2022 to 2028. The robust spread of coronavirus will increase the cases of infectious disease globally and thus will propel the market statistics.
Furthermore, the variations in COVID-19 strains have increased its infection rate. Such scenario increases the demand for COVID-19 detection kits and upsurges the market growth. Along with this, introduction of new cutting-edge testing methods to reduce the adverse effects of the ongoing pandemic is expected to boost the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| COVID-19 Detection Kits Market Size in 2021: | USD 32.3 Billion |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | -17.8% |
| 2028 Value Projection: | USD 6.2 Billion |
| Historical Data for: | 2020 to 2021 |
| No. of Pages: | 190 |
| Tables, Charts & Figures: | 306 |
| Segments covered: | Product, Specimen Type, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The COVID-19 detection kits are intended for in-vitro diagnosis and detection of SARS-CoV-2. These kits provide faster results, within a few minutes or hours and help in proper patient treatment. Thus, help in proper patient care, continuous technological innovations and rising demand for COVID-19 detection kits will boost the market growth over the analysis timeframe. However, as many people are vaccinated in most countries, the number of new COVID-19 cases is decreasing. Such an aspect will limit the market expansion over the coming years.
Frequently Asked Questions (FAQ) :
COVID-19 Detection Kits Market Scope
