Coronavirus Test Kits Market 2024-2028
The coronavirus test kits market is forecasted to grow by USD -6807.7 mn during 2023-2028, decelerating at a CAGR of -72.6% during the forecast period. The report on the coronavirus test kits market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of rapid coronavirus test kits, fastrack approval of diagnostic kits, and adoption of business strategies by vendors.
Technavio's coronavirus test kits market is segmented as below:
- By End-user
- Government
- Non government
- By Type
- Rapid test kit
- RT-PCR
- Others
- By Geographical Landscape
- Asia
- Europe
- North America
- Rest of World (ROW)
This study identifies the increasing demand for point-of-care diagnostics as one of the prime reasons driving the coronavirus test kits market growth during the next few years. Also, launch of new COVID-19 test kits and advent of SARS-cov-2 mutation will lead to sizable demand in the market.
The report on the coronavirus test kits market covers the following areas:
- Coronavirus test kits market sizing
- Coronavirus test kits market forecast
- Coronavirus test kits market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading coronavirus test kits market vendors that include Abbott Laboratories, Advaite Inc., BGI Group, Bio Rad Laboratories Inc., Biomedomics Inc, BioMerieux SA, Cellex Inc., Chembio Diagnostics Inc., Cue Health Inc., Danaher Corp., Dynamiker Biotechnology Tianjin Co. Ltd., F. Hoffmann La Roche Ltd., Mylab Discovery Solutions Pvt Ltd., QIAGEN N.V., QuidelOrtho Corp., Robert Bosch GmbH, Safecare Biotech Hangzhou Co. Ltd., Siemens AG, Thermo Fisher Scientific Inc., and Unisys Corp.. Also, the coronavirus test kits market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.