The global COVID Testing Kit market, which was valued at $15.08 billion in 2020, is projected to decline to $1.36 billion by 2028, reflecting a compound annual growth rate (CAGR) of -33.3% from 2021 to 2028. Despite this overall decline, the market is anticipated to experience substantial growth between 2020 and 2023. This growth can be attributed to various macro and microeconomic factors, including substantial government and private funding, as well as strong support for research and development initiatives.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Rapid Test Kit, RT-PCR, Others)
By Application (Hospitals, Clinics, Others)
Key players
Abbott
BioMérieux
Bio-Rad Laboratories, Inc
Hoffmann-La Roche Ltd
Siemens
Biomedomics Inc
Zhejiang Orient Gene Biotech Co. Ltd
Cellex
Qiagen
Guangzhou Wondfo Biotech
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