Article -> Article Details
| Title | COVID Testing Kit Market Outlook, Size, Share, Analysis and Forecast 2022 – 2030 |
|---|---|
| Category | Fitness Health --> Health Articles |
| Meta Keywords | COVID Testing Kit Market Outlook |
| Owner | Vaibhav |
| Description | |
|
COVID Testing Kit Market Share is expected to reach USD 122,820.67 Million by 2030 at a CAGR of 7.20%
during the forecast period 2022-2030, The COVID
testing kits market has witnessed massive growth in recent times. The market
growth is being driven by the developments & support by non-medical
device/diagnostic companies, increasing number of emergency use authorizations
for diagnostic kits & devices, government & private funds, support for
research & development, and a rising number of COVID-19 cases. However, the
market growth is anticipated to be restricted by the accuracy of tests and
restrictions on the export of diagnostic kits. Major Key Players: MRFR
recognizes the following Key Market Players are —
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), 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),
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. Segment Analysis Based on type:
The rapid test kit and Rt Pcr are the sub-segments of the Covid testing kit
under the segment of type. Rapid test kits hold the maximum share in the Covid
testing kit market as compared to Rt Pcr. Based on
application: Based on application, the Covid testing kit market has been sub-segmented
into hospitals, clinics and others. The hospital holds the largest share in the
Covid testing kit market because of its advanced diagnostic technologies and
facilities. Based on the
region: The Covid testing kit market has been sub-segmented based on region
into- Asia-Pacific, Middle East, Europe, America and Africa. Regional Analysis Global COVID Testing Kit Market Outlook, based on
region, has been divided into Europe, the Americas, Asia-Pacific, and Middle
East & Africa. The European market for the COVID
testing kit market, by country, been divided into Russia, Germany, Spain,
Italy, the UK, France, and the Rest of Europe. Europe accounted for the largest
market share in the global COVID testing kit market The Americas COVID testing kit
market has been divided, by country, into North America and Latin America. The
North American COVID testing kit market has been further divided into the US
and Canada, whereas the Latin American COVID testing kit market is sub-segmented
into Brazil, Argentina, Mexico, Colombia, and the rest of Latin America.
Regulatory bodies such as the Food and Drugs Administration (FDA) have given
emergency use authorizations (EUA) for various diagnostics kits and devices to
manage the shortage of diagnostic devices. For instance, in March 2020, the US
FDA issued a EUA for a molecular point of care test kit by Abbott for the rapid
detection of COVID-19. The Asia-Pacific market for the
COVID testing kit market has been further divided into India, Australia, South
Korea, Japan, China, Malaysia, Thailand, Vietnam, Indonesia, Philippines,
Taiwan, and Rest of Asia-Pacific. The Middle East & Africa
COVID testing kit market has been bifurcated into the Middle East and Africa.
The Middle Eastern market for the COVID testing kit has been further divided
into Turkey, the United Arab Emirates, Saudi Arabia, and the Rest of the Middle
East. Rising cases in the UAE, Saudi Arabia, and other countries are set to
push the demand for diagnostic kits. For instance, as on 8th June 2020, the
total cases in Saudi Arabia were 105,283. About Market Research
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