COVID-19 Detection Test Kits and Consumables Market
Medical Equipment

Global COVID-19 Detection Test Kits and Consumables Market Overview And Prospects

Learn about the global covid-19 detection test kits and consumables market through The Business Research Company, which provides information on covid-19 detection test kits and consumables market size, covid-19 detection test kits and consumables market drivers and restraints, covid-19 detection test kits and consumables market players, the COVID-19 impact on the covid-19 detection test kits and consumables market, and more.

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The global COVID-19 detection test kits and consumables market is expected to grow from $5.2 billion in 2020 to $6.1 billion in 2021 at a compound annual growth rate (CAGR) of 17.3%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The COVID-19 detection test kits & consumables market is expected to reach $8.02 billion in 2025 at a CAGR of 7%.

The escalating demand for cost-effective and quick COVID-19 detection kits coupled with the easing of regulatory processes for COVID-19 detection kits is expected to drive innovation in covid-19 detection test kits and consumables manufacturing, thus driving the market during the forecast period.

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The market for COVID-19 detection test kits & consumables consists of sales of detection test kits and consumables used for the identification of novel coronavirus (SARS-CoV-2). The market consists of revenue generated by the companies that are manufacturing detection test kits and consumables by the sales of these products.

Global covid-19 detection test kits and consumables market segments include:

By Kits: Viral Load Testing Kits (qPCR and RT-PCR), Virus Neutralizing Assay Kits, Antibody Detection Kits (Elisa), Viral Antigen Detection Test Kits, Others

By Consumables: Swabs, Tubes, Viral Transfer Media, Reagents, Other Consumables

By Specimen Type: Nose & Throat Swab, Blood, Sputum, Nasal Aspirate

By End Use: Hospitals, Clinics, Public Health Labs, Private And Commercial Labs, Physicians Labs, Research Institutes, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

CRISPR, a new diagnostic test for COVID-19 is based on CRISPR technology and can run on nasal swabs. CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) based technologies are genomic editing technologies used for the exact detection of COVID-19 cases in an hour`s time. The US FDA has granted Sherlock Biosciences an emergency use authorization (EUA) for the CRISPR test. The Sherlock Biosciences CRISPR, therefore becomes the first FDA-authorized CRISPR technology on the market. Mammoth Biosciences is another company that is extensively working on this technology.

TBRC’s covid-19 detection test kits and consumables market report covers:

Major Market Players: Cepheid, BGI, Abbott Laboratories, BioFire Diagnostics, F. Hoffmann-La Roche, GenMark Diagnostics, Mylab Discovery Solutions, Qiagen, Quidel Corporation, and Randox Laboratories.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The COVID-19 Detection Test Kits and Consumables Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides covid-19 detection test kits and consumables market overviews, analyzes and forecasts market size, share, covid-19 detection test kits and consumables market players, covid-19 detection test kits and consumables market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s covid-19 detection test kits and consumables market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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