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COVID-19 Rapid Test Kits Global Market Opportunities And Strategies To 2023 | F. Hoffmann-La Roche AG; Thermo Fisher Scientific Inc.; Abbott Laboratories; Quidel Corporation; BGI Genomics

12-08-2020 12:53 PM CET | Health & Medicine

Press release from: Premium Market Insights

COVID-19 Rapid Test Kits Global Market

COVID-19 Rapid Test Kits Global Market

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

Going forward, impact of COVID-19, aging population, technological advances, increase in healthcare access and rising prevalence of chronic diseases are expected to drive the market. High costs of tests, product recalls, geopolitical tensions, growing corruption, launch of vaccines, use of masks, and low awareness/reluctance of testing, low healthcare access are major factors that could hinder the growth of the COVID-19 rapid test kits market in the future.

Top Companies Covered in this Report:
F. Hoffmann-La Roche AG; Thermo Fisher Scientific Inc.; Abbott Laboratories; Quidel Corporation; BGI Genomics

Get sample copy of “COVID-19 Rapid Test Kits Market” at: https://bit.ly/3ozDqhi

The COVID-19 rapid test kits market is segmented by test type into rapid antigen test, rapid antibody test, RT-PCR test and others. The RT-PCR wil be the largest segment of the COVID-19 rapid test kits market by test type, accounting for 84.3% of the total market in 2020.

The COVID-19 rapid test kits market is also segmented by kit type into equipment and extraction kits, PCR machines, and reagents. The PCR machines will be the largest segment of the COVID-19 rapid test kits market by kit type, accounting for 72.3% of the total market in 2020.

The COVID-19 rapid test kits market is also segmented by specimen type into nasopharyngeal swab, oropharyngeal swab, nasal swab, blood and others. The nasopharyngeal swab will be the largest segment of the COVID-19 rapid test kits market by specimen type, accounting for 55.2% of the total market in 2020

The COVID-19 rapid test kits market is also segmented by end-users into hospitals and clinics, diagnostic laboratories, home care and others. The hospitals and clinics will be the largest segment of the COVID-19 rapid test kits market by end-users, accounting for 57.1% of the total market in 2020.
North America was the largest region in the global COVID-19 rapid test kits market, accounting for 27.6% of the total in 2020. It was followed by the Asia Pacific, Western Europe, and then the other regions.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type       
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 COVID-19 Rapid Test Kits Market Size
2.2 COVID-19 Rapid Test Kits Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 COVID-19 Rapid Test Kits Market Size by Manufacturers
3.2 COVID-19 Rapid Test Kits Key Players Head office and Area Served
3.3 Key Players COVID-19 Rapid Test Kits Product/Solution/Service
3.4 Date of Enter into COVID-19 Rapid Test Kits Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global COVID-19 Rapid Test Kits Sales by Product
4.2 Global COVID-19 Rapid Test Kits Revenue by Product
4.3 COVID-19 Rapid Test Kits Price by Product

5 Breakdown Data by End User                            
5.1 Overview
5.2 Global COVID-19 Rapid Test Kits Breakdown Data by End User

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