COVID19 Rapid Test Kits Market Research Report 2020-30: Analysis Of Major Industries And Competitive Dynamics | COVID 19 Implications And Growth

The Business Research Company offers “COVID19 Rapid Test Kits Market Global Report 2020-30: COVID 19 Implications And Growth" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global COVID-19 rapid test kits market is expected to reach $3.52 billion by the end of 2020 and expected to be $4.22 billion by 21 at a compound annual growth rate (CAGR) of 19.7%. The significant growth rate is mainly due to the surge in demand for the rapid test kits for early detection and treatment of COVID-19 globally. The market is then expected to stabilize and reach $4.73 billion in 2023 at a CAGR of 10.36%.

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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, research and production of the rapid test kits which are used in hospitals and clinics, home care, diagnostic laboratories and more.

Product recalls due to quality control issues are expected to hinder the market growth during the forecast period. Rapid medical device approval due to present COVID-19 scenario paves ways to challenges such as product recalls due to safety, efficacy and quality issues.

COVID19 Rapid Test Kits Market Segmentation: -
By Kit Type
1. Equipment and Extraction Kits
2. rRT-PCR Test Kits
3. Reagents

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Few Points From Table Of Content
1. Executive Summary
2. COVID19 Rapid Test Kits Market Characteristics
3. COVID19 Rapid Test Kits Market Size And Growth
4. COVID19 Rapid Test Kits Market Segmentation
5. COVID19 Rapid Test Kits Market Regional And Country Analysis
………………
25. COVID19 Rapid Test Kits Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The COVID19 Rapid Test Kits Market
27. COVID19 Rapid Test Kits Market Trends And Strategies
28. COVID19 Rapid Test Kits Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the COVID-19 rapid test kits market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the COVID-19 rapid test kits market are Thermo Fisher Scientific, Abbott Laboratories, BioMedomics, CTK Biotech, F. Hoffmann-La Roche AG, Cepheid Inc., Cellex Inc., Robert Bosch GmbH, Acumen Research Laboratories, Biolidics, LabCorp

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.