The global COVID-19 Diagnostics Market report 2021 Will Provide You With Analysis Of Impact Of Latest Market Disruptions Such As Russia-Ukraine War And Covid-19 On The Market. COVID-19 Diagnostics Market Report Includes In-Depth Segmentation And Market Size Data By Categories, Product Types, Applications, And Geographies. Report Also Includes Comprehensive Analysis, Trends And Drivers, Restraints And Challenges, Competitive Landscape Etc.
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.
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Major COVID-19 Diagnostics Market Manufacturers covered in the market report include:
- 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
COVID-19 Diagnostics Market Main Drivers:
High-impact rendering factors and drivers have been studied in this report to assist readers in understanding general development. In addition, the report includes restraints and challenges that can serve as stumbling blocks in the path of players. This will help users to make business-related informed decisions. Industry experts also focused on the upcoming business prospects.
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).
Key segments, including types and applications, were detailed in this report. Market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period (2016-2021) and forecast period (2021-2028).
This Report Also Includes:
- Fortune Business Insights™ Methodology
- Tactics and suggestions for new entrants
- Segmentation analysis
- Economic indices
- Companies strategic developments
- Market growth drivers and restraints
- Selected illustrations of the market penetrations and trends
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The COVID-19 Diagnostics Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global COVID-19 Diagnostics Market industry by breaking it into region-wise assessments. The consultation and business analysis will help interested stakeholders, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
What Information does this report contain?
- Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2029.
- 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.
Estimation of Market Size
The total size of the COVID-19 Diagnostics 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.
Key Questions Answered In The Report:
- What Will The Market Growth Rate Of COVID-19 Diagnostics MarketI n 2028?
- What Are The Key Factors Driving The Global Market?
- Who Are The Key Manufacturers In Space?
- What Are The Market Opportunities, Market Risk And Market Overview Of The Global Market?
- What Are Sales, Revenue, And Price Analysis Of Top Manufacturers Of Global Market?
Table Of Contents :
1 Market Overview
1.1 COVID-19 Diagnostics Market Introduction
1.2 Market Analysis By Type
1.3 Market Analysis By Applications
1.4 Market Analysis By Regions
1.4.1 North America (United States, Canada And Mexico)
220.127.116.11 United States Market States And Outlook (2021-2028)
18.104.22.168 Canada Market States And Outlook (2021-2028)
22.214.171.124 Mexico Market States And Outlook (2021-2028)
1.4.2 Europe (Germany, France, Uk, Russia And Italy)
126.96.36.199 Germany Market States And Outlook (2021-2028)
188.8.131.52 France Market States And Outlook (2021-2028)
184.108.40.206 Uk Market States And Outlook (2021-2028)
220.127.116.11 Russia Market States And Outlook (2021-2028)
18.104.22.168 Italy Market States And Outlook (2021-2028)
1.4.3 Asia-Pacific (China, Japan, Korea, India And Southeast Asia)
22.214.171.124 China Market States And Outlook (2021-2028)
126.96.36.199 Japan Market States And Outlook (2021-2028)
188.8.131.52 Korea Market States And Outlook (2021-2028)
184.108.40.206 India Market States And Outlook (2021-2028)
220.127.116.11 Southeast Asia Market States And Outlook (2021-2028)
1.4.4 South America, Middle East And Africa
18.104.22.168 Brazil Market States And Outlook (2021-2028)
22.214.171.124 Egypt Market States And Outlook (2021-2028)
126.96.36.199 Saudi Arabia Market States And Outlook (2021-2028)
188.8.131.52 South Africa Market States And Outlook (2021-2028)
184.108.40.206 Turkey Market States And Outlook (2021-2028)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
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