COVID-19 Antigen Test Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theCOVID-19 Antigen Test Market?
The growing trend of self-applied test kits is projected to fuel the expansion of the COVID-19 antigen test market. These kits are medical or diagnostic aids meant to be used by individuals independently of healthcare professionals or skilled staff to conduct tests at home. The broader use of such kits enhances the accessibility of COVID-19 antigen tests, curtails virus propagation, and facilitates the early detection of infected people in their own homes. For example, the Centers for Disease Control and Prevention reported a notable increase in the utilization of home-based COVID-19 tests among US adults 18 years and older from the Delta-dominant phase (August to December 2021) to the Omicron-dominant phase (December to March 2022) in April 2022. At-home test usage among respondents exhibiting COVID-19-like symptoms grew from 5.7% to 20.1. Thus, the burgeoning trend of self-applied test kits is fuelling the COVID-19 antigen test market’s growth. The COVID-19 Antigen Test Market is being driven by an upsurge in testing, propelling its growth. Testing rates essentially indicate the frequency of diagnostic tests like COVID-19 being conducted within a specific population or over a particular time frame. An escalation in testing rates consequently leads to a heightened demand for COVID-19 testing mechanisms, including antigen tests. This sudden increase in demand directly boosts market expansion, as manufacturers and suppliers must manufacture and supply additional tests to cater to the escalating requirements. The National Institutes of Health (NIH), a health organization based in the US, provided an example by stating in October 2023 that the overall COVID-19 testing rate hovered between 5.13 and 22,386.63 per 1,000 individuals from October 2022 to October 2023. Accordingly, the increase in testing rates is fuelling the COVID-19 antigen test market’s growth.
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#How Will the CAGR of the COVID-19 Antigen Test Market Influence Its Overall Growth by 2034?
The market size for the COVID-19 antigen test has seen substantial expansion in the past few years. Its projection includes an increase from $7.13 billion in 2024 to $7.65 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.3%. This trajectory during the historic period is due to the onset of the pandemic, expedited regulatory approvals, complications in supply chain, government actions, and worldwide vaccination campaigns.
In the upcoming years, the market for COVID-19 antigen tests is poised for robust expansion, with projections indicating a growth to $10.19 billion in 2029, corresponding to a compound annual growth rate (CAGR) of 7.4%. Several factors like increased point-of-care testing, monitoring new variants, public health initiatives, market competition, presence of upcoming variants, and the persistent threat contribute to this progress in the forecast period. The main trends anticipated in this period are the creation and authorization of innovative antigen tests, incorporation of digital technology and mobile devices for the transmission of test results, enhancing the testing infrastructure in vulnerable environments, rising demand for home-based antigen test kits, focus on cost-effective and accessible testing options, and ongoing research for variant-specific antigen tests.
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What Are the Current Market Growth and Trends in theCOVID-19 Antigen Test Market That Industry Players Should Watch?
What Are the Major Market Players Making an Impact on theCOVID-19 Antigen Test Market Growth?
Major companies operating in the COVID-19 antigen test market report are F. Hoffmann-La Roche AG, Abbott Laboratories, Becton And Dickinson and Company, Laboratory Corporation Of America, PerkinElmer Inc., Quidel Corporation, SD Biosensor Inc., Diasorin S.P.A, Biosynex Swiss SA, iHealth Labs Inc., Everlywell Inc., JOYSBIO Biotechnology Co. Ltd., Mylab Discovery Solutions Pvt. Ltd., Access Bio Inc., RayBiotech Life Inc., CTK Biotech Inc., Artron Laboratories Inc., Princeton BioMeditech Corporation, ACON Laboratories Inc., BioLytical Laboratories Inc., BioNote Inc., Assure Tech (Hangzhou) Co. Ltd., ADS biotech Inc., ANP Technologies Inc., BTNX Inc., Cellspect Co.Ltd., Empowered Diagnostics LLC, GenBody Inc., Beijing Wantai Biologicalpharmacy Enterprise Co. Ltd.
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How Are the Key Segments of the COVID-19 Antigen Test Market Driving Opportunities and Innovations?
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 Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theCOVID-19 Antigen Test Market?# Market Expansion?
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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