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

The global COVID-19 rapid test kits market is expected to reach a value of nearly $14,941.3 million in 2020. The COVID-19 rapid test kits market is expected to decline from $14,941.3 million in 2020 to $1,367.3 million in 2023 at a rate of -54.9%. The COVID-19 rapid test kits market is expected to cease from 2024 due to the vaccination of global population by the end of 2023.

The rising demand for antibody tests is expected to drive innovation in COVID-19 rapid test kits manufacturing, thus driving the market during the forecast period.

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The COVID-19 rapid test kits market consists of sales of COVID-19 rapid test kits and related services by entities (organizations, sole traders and partnerships) that offer kits aimed at the detection of COVID-19. COVID-19 rapid test kits are usually available as RT PCR test kits, rapid antigen test kits, or rapid antibody test kits and are manufactured by the entities that manufacture in-vitro rapid diagnostic tests in the medical equipment industry. The companies involved in manufacturing these rapid test kits are primarily engaged in the design, research and production of the rapid test kits which are used in hospitals and clinics, home care, diagnostic laboratories, and research institutions.

Global COVID-19 Rapid Test Kits Market Segments Include:

By Test Type: Rapid Antigen Test, Rapid Antibody Test, Others

By Kit Type: Equipment and Extraction Kits, RT-PCR Test Kits, Reagents

By Specimen Type: Nasopharyngeal Swab, Oropharyngeal Swab, Nasal Swab, Others

By End-Users: Hospitals And Clinics, Diagnostic Laboratories, Home Care, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global COVID-19 rapid test kits market, accounting for 27.6% of the total in 2020.

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

TBRC’s COVID-19 rapid test kits market report covers:

Major Market Players: Abbott Laboratories, F. Hoffmann-La Roche AG, Quidel Corporation, Thermo Fisher Scientific Inc., Becton, Dickinson and Company.

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 Rapid Test Kits Global Market Report 2022: Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides COVID-19 rapid test kits market overviews, analyses and forecasts market size, share, COVID-19 rapid test kits market players, COVID-19 rapid test kits market segments and geographies, leading competitor revenues, profiles and market shares.

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

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