COVID-19 Diagnostics Market Size 2022 industry report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, and product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the COVID-19 Diagnostics Market
The global COVID-19 diagnostics market size was valued at USD 46.76 billion in 2021. For this market, we have considered two scenarios. As per the first scenario, the market size is projected to fall from USD 23.79 billion in 2022 to USD 8.91 billion by 2029, exhibiting a CAGR of -13.1% during the forecast period.
The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. The worldwide market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study. It is a phenomenal compilation of qualitative and quantitative aspects that explore the competitive landscape, segmentation, geographical expansion, sales and revenue, production, and consumption growth of the global market.
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COVID-19 Diagnostics Market Drivers:
The sudden rise in the communicable coronavirus disease leading to a global pandemic has resulted in the escalating demand for COVID-19 diagnostic procedures and products. According to the Worldometer statistics, there has been a continuous rise in new daily cases across the globe. According to the World Health Organization (WHO), as of 18th May 2021, 163,312,429 people globally are affected with COVID-19. Such rapid daily rise in cases has surged the adoption of COVID-19 diagnostic tests so as to provide early treatment to patients. Moreover, a surge in coronavirus infection has also been recorded in growing economies. For example, Brazil’s total number of cases stands at 15.9 million as of May 2021. This is likely to increase the sales of reagents & kits used in the detection of the virus. Additionally, rising R&D activities are likely to drive market growth during the forecast period. Also, higher investments are being made by several companies to support the development of diagnostic solutions. For instance, in July 2020, the National Institutes of Health (NIH) invested USD 248.7 million in new technologies to address challenges associated with COVID-19 diagnostics (which detects SARS-CoV-2 coronavirus).
Top Companies present in the COVID-19 Diagnostics Market Size Report are:
- Abbott (Illinois, U.S.)
- Danaher Corporation (Washington D.C, U.S.)
- Siemens Healthcare GmbH (Germany, Europe)
- F. Hoffmann-La Roche Ltd (Switzerland, Europe)
- Quidel Corporation (California, U.S.)
- bioMérieux SA (France, Europe)
- Quest Diagnostics Incorporated (New Jersey, U.S.)
- Thermo Fisher Scientific Inc. (Massachusetts, U.S.)
- PerkinElmer Inc. (Massachusetts, U.S.)
- Other Prominent Players
What Information does this report contain?
- Historical data coverage: 2018-2020; Growth Projections: 2021-2028.
- Expert analysis: Industry, governing, innovation, and technological trends; factors impacting development; drawbacks, SWOT.
- 6-7 year performance forecasts Major segments covering applications, top products, and geographies.
- Competitive landscape reporting: COVID-19 Diagnostics Market leaders and important players, competencies, and capacities of these companies in terms of production as well as sustainability and prospects.
With the given market data, Fortune Business Insights offers customizations as per the company’s specific requirements. The following customization options are available for the report:
- Product matrix provides detailed product information and comparison
- Further breakdown of the North American North America Emergency Shower & Eye Wash Station Market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
- Detailed analysis and profiling of additional market players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the North America Emergency Shower & Eye Wash Station Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
Frequently Asked Questions?
- What is the COVID-19 Diagnostics Market size?
- What is the CAGR for COVID-19 Diagnostics Market worldwide industry?
- What are the segments covered in the COVID-19 Diagnostics Market report?
- Who are the key players in the COVID-19 Diagnostics Market?
- Which region is more attractive for vendors in the COVID-19 Diagnostics Market?
- What are the key markets for higher education?
- What are the key factors driving the growth of COVID-19 Diagnostics Market worldwide industry?
- Which segment has the largest share in the COVID-19 Diagnostics Market?
Table Of Contents :
1.1. Moreover, Research Scope
1.2. Moreover, Market Segmentation
1.3. Moreover, Research Methodology
1.4. Moreover, Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Moreover, Market Drivers
3.2. Moreover, Market Restraints
3.3. Moreover, Market Opportunities
- Moreover, Key Insights
4.1. Key Industry Developments – Moreover, Merger, Acquisitions, and Partnerships
4.2. Porter’s Five Forces Moreover, Analysis
4.3. Moreover, SWOT Analysis
4.4. Moreover, Technological Developments
4.5. Moreover, Value Chain Analysis
4.6. Moreover, Impact of COVID-19 on Market
- Key Findings / Moreover, Summary
5.1 North America Sales, Revenue and Market Share by Country
5.1.1 North America Sales and COVID-19 Diagnostics Market Share by Country (2021-2028)
5.1.2 North America Revenue and Market Share by Country (2021-2028)
5.2 United States Sales and Growth Rate (2021-2028)
5.3 Canada Sales and Growth Rate (2021-2028)
5.4 Mexico Sales and Growth Rate (2021-2028)
8 South America by Country
8.1 South America Sales, Revenue and COVID-19 Diagnostics Market Share by Country
8.1.1 South America Sales and Market Share by Country (2021-2028)
8.1.2 South America Revenue and Market Share by Country (2021-2028)
8.2 Brazil Sales and Growth Rate (2021-2028)
8.3 Argentina Sales and Growth Rate (2021-2028)
8.4 Colombia Sales and Growth Rate (2021-2028)
9 Middle East and Africa by Countries
9.1 Moreover, Middle East and Africa Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Sales and Market Share by Country (2021-2028)
9.1.2 Moreover, Middle East and Africa Revenue and Market Share by Country (2021-2028)
9.2 Saudi Arabia Sales and Growth Rate (2021-2028)
9.3 Moreover, Turkey Sales and Growth Rate (2021-2028)
9.4 Egypt Sales and Growth Rate (2021-2028)
9.5 Moreover, Nigeria Sales and Growth Rate (2021-2028)
10 COVID-19 Diagnostics Market in Developing Countries
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