COVID-19 Diagnostics Market Size 2022 Global Industry Size, Trends, Share And Growth Forecast to 2029 report provides comprehensive information on current scenario which includes historical and projected COVID-19 Diagnostics Market Size insights. COVID-19 Diagnostics Market Size is expected to expand at the highest growth rate by 2029.
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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Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the COVID-19 Diagnostics Market Size.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the COVID-19 Diagnostics Market Size.
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 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
COVID-19 Diagnostics Market Size Regional Analysis:
This study provides an overview of the Global COVID-19 Diagnostics Market Size, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global COVID-19 Diagnostics Market Size by its Type, Applications, End User and Region.
COVID-19 Diagnostics Market Size Industry Competitive Analysis:
The COVID-19 Diagnostics Market Size report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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Key questions answered in the report:
- What will the market growth rate of COVID-19 Diagnostics Market Size in 2029?
- 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 Content:
Report Overview: It includes the COVID-19 Diagnostics Market Share study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: This section of the report gives information about trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.
Profiles of International Players: Here, key players of the COVID-19 Diagnostics Market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.
Regional Study: All of the regions and countries analyzed in the report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Company Profiles: Almost all leading players of the global COVID-19 Diagnostics Market are profiled in this section. The analysts have provided information about their recent developments in the global COVID-19 Diagnostics Market, products, revenue, production, business, and company.
Market Forecast by Production: The production and production value forecasts included in this section are for the global as well as for key regional markets.
Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the global COVID-19 Diagnostics Market as well as for key regional markets.
Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and the value chain of the global.
Key Findings: This section gives a quick look at the important findings of the research study.
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