Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!

The COVID-19 rapid test kit market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than -80 %, as per The Business Research Company’s market report!

Read More On The COVID-19 Rapid Test Kit Market Report 2022 – https://www.thebusinessresearchcompany.com/report/covid-19-rapid-test-kits-global-market-report

The COVID-19 Rapid Test Kit Market Size In 2022 And Forecast

The global COVID-19 rapid test kit market is expected to grow from $21.57 billion in 2021 to $6.57 billion in 2022 at a compound annual growth rate (CAGR) of -69.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The COVID-19 rapid test kits market is expected to decline to $0.01 billion in 2026 at a CAGR of -80.8%.

The COVID-19 rapid test kits market consists of sales of rapid test kits used for COVID-19 diagnosis and detection.

Request for A Sample Of The Global COVID-19 Rapid Test Kit Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=4013&type=smp

Rapid And Innovative Development Of Diagnostics For COVID-19 Is Driving The Growth Of The COVID-19 Rapid Test Kit Market

In March 2020, the FDA has approved decentralized testing platforms to enlarge the testing capabilities across healthcare centers in the US. FDA issued a policy, under which, states can set up their platforms for authorizing the tests developed and the laboratories developing these tests need not engage with the FDA instead will engage with the respective state authorities. National Institutes of Health (NIH) has announced a Rapid Acceleration of Diagnostics (RADx), which is a fast track program for COVID-19 test development and distribution procedure under which it will be funding up to $500 million for the development of innovative SARS-CoV-2 diagnostic tests. Robust funding and investments by the public as well as private agencies for the rapid and innovative development of diagnostics for COVID-19 are expected to further boost the market.

Competitive Landscape And The Regional Analysis Of The COVID-19 Rapid Test Kit Market

Major players in the COVID-19 rapid test kit market are Thermo Fisher Scientific, Abbott Laboratories, BioMedomics, CTK Biotech, F. Hoffmann-La Roche AG, Cepheid Inc., Cellex Inc., Acumen Research Laboratories, Biolidics, and LabCorp.

The COVID-19 Rapid Test Kit Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the COVID-19 rapid test kit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the COVID-19 rapid test kit market.

Artificial Intelligence Algorithms – A Key Trend In The COVID-19 Rapid Test Kit Market

The incorporation of Artificial Intelligence (AI) algorithms with the rapid diagnostic test kits are expected to boost market growth during the forecast period.

COVID-19 Rapid Test Kit Market Segmentation By The Business Research Company

1) By Test Type: Rapid Antigen Test, Rapid Antibody Test, Other Test Types

2) By Kit Type: Equipment and Extraction Kits, rRT-PCR Test Kits, Reagents

3) By Specimen Type: Nasopharyngeal swab, Oropharyngeal swab, Nasal swab, Other Specimen Types

4) By End-Users: Hospitals and Clinics, Diagnostic laboratories, Home Care, Other End-Users

Here Are Some Reports Related To The COVID-19 Rapid Test Kit Market –

COVID-19 Detection Test Kits And Consumables Global Market Report 2022

Rapid Microbiology Testing Kits Global Market Report 2022

Pharma Microbiology Testing Kits Global Market Report 2022

Get In Touch With Us – Call us at:

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Found This Article Helpful? Share It On: