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 size is expected to decline from $21.57 billion in 2021 to $6.57 billion in 2022 at a compound annual growth rate (CAGR) of -69.5%. The global COVID-19 rapid test kit market size is further expected to decline to $0.01 billion in 2026 at a CAGR of -80.8%.

Government regulations and steps to provide diversified diagnostic approaches are expected to boost the market growth during the forecast period.

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The COVID-19 rapid test kits market consists of sales of rapid test kits used for COVID-19 diagnosis and detection. The COVID-19 rapid test kits are either rapid antigen test kits or rapid antibody test kits 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 designing, researching, and production of the rapid test kits which are used in hospitals and clinics, home care, diagnostic laboratories, and more.

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-User: 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.

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

TBRC’s COVID-19 Rapid Test Kits Market report covers:

Major Market Players: Thermo Fisher Scientific, Abbott Laboratories, BioMedomics, CTK Biotech, F. Hoffmann-La Roche AG, Cepheid Inc., Cellex Inc., Acumen Research Laboratories, Biolidics, and LabCorp

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 (2016-21) and ten years forecast (2022-2026-2031)

The COVID-19 Rapid Test Kits Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides COVID-19 Rapid Test Kits Market overviews, analyzes 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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