Discover trends, market shifts, and competitive outlooks for the covid-19 antigen test industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Milestones in the COVID-19 Antigen Test Market’s Growth Trajectory From 2025 To 2034?

There has been a robust increase in the size of the COVID-19 antigen test market in the past few years. It is predicted to rise from $7.13 billion in 2024 to $7.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.3%. The notable growth during the historic period can be credited to the onset of the pandemic, immediate regulatory clearances, complications in the supply chain, government-led initiatives, and worldwide vaccination campaigns.

The market size for the COVID-19 antigen test is projected to witness significant growth in the coming years, expanding to $10.19 billion by 2029 at a CAGR of 7.4%. This surge during the forecast period is associated with the growing expansion of point-of-care testing, surveillance of new variants, public health precautions, competitive market dynamics, emerging variants and consistent threat. The predominant trends in the forecast period involve the development and approval of future-generation antigen tests, incorporation of digital and smartphone technologies for the delivery of test results, broadening of testing facilities in high-risk situations, rising demand for at-home antigen test kits, focus on cost-effective and readily available testing solutions, and ongoing investigations for variants-specific antigen tests.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the COVID-19 Antigen Test Market?

The COVID-19 antigen test market is anticipated to grow due to the increasing popularity of self-administered test kits. Such kits are designed to be used by individuals from the comfort of their homes without any assistance from medical professionals or trained personnel. Their usage promotes the availability of COVID-19 antigen tests, thereby helping to control the virus’s spread and identify infections at home. The Centers for Disease Control and Prevention noted a significant surge in the use of at-home COVID-19 tests among U.S. adults aged 18 and above from August 2021’s Delta-heavy phase to March 2022’s Omicron-heavy phase. The rate of using at-home tests among participants reporting COVID-19-like symptoms rose from 5.7% to 20.1. Thus, the attractiveness of self-administered tests is boosting the growth of the COVID-19 antigen test market. The growth of the COVID-19 antigen test market is also being propelled by the surge in testing rates. The term testing rates refer to the frequency of executing diagnostic tests like the ones for COVID-19 within a specific population or a particular duration. Rising testing rates mean a higher demand for COVID-19 testing solutions, including antigen tests. This heightened demand influences the market’s expansion, prompting more production and supply of tests to meet the increased needs. According to records from the National Institutes of Health (NIH), a US-based health organization, in October 2023, the total COVID-19 testing rate fluctuated between 5.13 to 22,386.63 per 1000 people from October 2022 to October 2023. Hence, escalating testing rates are facilitating the growth of the COVID-19 antigen test market.

Which Segments in the COVID-19 Antigen Test Offer the Most Growth?

The COVID-19 antigen test market covered in this report is segmented –

1) By Product And Service: Platforms, Reagents And Kits, Services

2) By Specimen Type: Nasopharyngeal Swab, Oropharyngeal Swab, Nasal Swab

3) By End-Use: Clinics And Hospitals, Home Care, Diagnostic Labs, Other End-Uses

Subsegments:

1) By Platforms: Lateral Flow Platforms, ELISA Platforms, Other Platforms

2) By Reagents And Kits: Test Kits, Reagents

3) By Services: Testing Services, Laboratory Services

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What Are the Fastest-Growing Geographies in the COVID-19 Antigen Test Market?

Asia-Pacific was the largest region in the COVID-19 antigen test market in 2024. The regions covered in the COVID-19 antigen test market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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What Are the Key Elements That Define the COVID-19 Antigen Test Market?

COVID-19 is a contagious respiratory illness caused by Severe Acute Respiratory Syndrome COVID-19 2 (SARS-CoV-2) that infects the respiratory system of humans, causing infections ranging from the common cold to more severe respiratory diseases. The COVID-19 antigen test is a diagnostic test used to detect the presence of specific proteins from the SARS-CoV-2 virus, which causes COVID-19, in a person’s respiratory specimen. The COVID-19 antigen test uses a sample typically collected from a nasal or throat swab.

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