Which are major players in the COVID-19 detection kits business?

Leading companies across the COVID-19 detection kits industry include Quidel Corporation, BioFire Diagnostics, Mylab Discovery Solutions, Abbott Laboratories, Thermo Fisher Scientific, GenMark Diagnostics, BGI, and others.

Why is the RT-PCR assay kits market revenue rising?

RT-PCT assay kits market accounted for nearly 76% of the industry share in 2021 and will grow with an upsurge in the launch of technologically advanced products.

What factors will drive COVID-19 detection kits market value in North America?

North America market for COVID-19 detection kits held around 17% of the overall industry size in 2021 and is expected to record lucrative growth driven by the presence of sophisticated healthcare facilities in Canada and the U.S.

How large is the COVID-19 detection kits market?

Global market for COVID-19 detection kits exceeded USD 32.3 billion in 2021 and is anticipated to exhibit a CAGR of -17.8% between 2022 and 2028 owing to the increasing cases of infectious diseases across the globe.

COVID-19 Detection Kits Market Size

Report ID: GMI4610

Published Date: March 2022

Report Format: PDF

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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.

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.

Authors: Mariam Faizullabhoy ,

Frequently Asked Question(FAQ) :

Which are major players in the COVID-19 detection kits business?: Leading companies across the COVID-19 detection kits industry include Quidel Corporation, BioFire Diagnostics, Mylab Discovery Solutions, Abbott Laboratories, Thermo Fisher Scientific, GenMark Diagnostics, BGI, and others.
Why is the RT-PCR assay kits market revenue rising?: RT-PCT assay kits market accounted for nearly 76% of the industry share in 2021 and will grow with an upsurge in the launch of technologically advanced products.
What factors will drive COVID-19 detection kits market value in North America?: North America market for COVID-19 detection kits held around 17% of the overall industry size in 2021 and is expected to record lucrative growth driven by the presence of sophisticated healthcare facilities in Canada and the U.S.
How large is the COVID-19 detection kits market?: Global market for COVID-19 detection kits exceeded USD 32.3 billion in 2021 and is anticipated to exhibit a CAGR of -17.8% between 2022 and 2028 owing to the increasing cases of infectious diseases across the globe.

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Authors: Mariam Faizullabhoy ,

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Base Year: 2021

Companies covered: 17

Tables & Figures: 306

Countries covered: 38

Pages: 190

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COVID-19 Detection Kits Market Size

COVID-19 Detection Kits Market Size

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