Global COVID-19 Detection Test Kits and Consumables Market Report 2022 : Size, Share, Growth Rate, Business Module, Product Scope And Expansion 2031 | Cepheid, BGI, Abbott Laboratories, BioFire Diagnostics, F. Hoffmann-La Roche

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The global COVID-19 detection test kits & consumables market report by the business research company identifies he escalating demand for cost-effective and quick COVID-19 detection kits coupled with the easing of regulatory processes for COVID-19 detection kits contributed to the growth of the COVID-19 detection kits and consumables market. With the increasing incidence of COVID-19 (SARS-CoV-2) worldwide, the outbreak was declared as a Public Health Emergency of International Concern (PHEIC) by WHO. The WHO called for research on point of care diagnostics such as Rapid Diagnostic Tests (RTDs), which are small, simple stand-alone tests for use at the community level, and that can be carried out at the site of triage and outside the hospital, by minimally trained staff, round the clock, and on single samples, providing test results within 15 minutes. In the support of the research, regulatory bodies such as US FDA have eased the COVID-19 detection kits regulatory approval process allowing manufacturers to introduce COVID-19 detection kits in the market on a fast-track basis. Therefore, with the growing number of cases globally and the immense need for rapid diagnosis, the demand for cost-effective and quick COVID-19 detection kits is growing. This factor coupled with ease of the regulatory process for COVID-19 detection kits is driving the market.

The global COVID-19 detection test kits and consumables market is expected to grow from $6.21 billion in 2021 to $6.70 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The COVID-19 detection test kits and consumables market is expected to grow to $8.94 billion in 2026 at a CAGR of 7.5%.

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The regions covered in the COVID-19 detection test kits and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the COVID-19 detection test kits and consumables market are Cepheid, BGI, Abbott Laboratories, BioFire Diagnostics, F. Hoffmann-La Roche, GenMark Diagnostics, Mylab Discovery Solutions, Qiagen, Quidel Corporation, and Randox Laboratories.

The global COVID-19 detection test kits & consumables market is segmented -
1) By Kits: Viral Load Testing Kits (qPCR and RT-PCR), Virus Neutralizing Assay Kits, Antibody Detection Kits (Elisa), Viral Antigen Detection Test Kits, Other Kits
2) By Consumables: Swabs, Tubes, Viral Transfer Media, Reagents, Other Consumables
3) By Specimen Type: Nose & Throat Swab, Blood, Sputum, Nasal Aspirate
4) By End Use: Hospitals, Clinics, Public Health Labs, Private And Commercial Labs, Physicians Labs, Research Institutes, Other End Uses

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The COVID-19 detection test kits & consumables Market Report Contents Include
1. Executive Summary
2. COVID-19 Detection Test Kits & Consumables Market Characteristics
3. COVID-19 Detection Test Kits & Consumables Market Trends And Strategies
4. COVID-19 Detection Test Kits & Consumables - Macro Economic Scenario
5. COVID-19 Detection Test Kits & Consumables Market Size And Growth
.........
28. Key Mergers And Acquisitions In The COVID-19 Detection Test Kits & Consumables Market
29. COVID-19 Detection Test Kits & Consumables Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the COVID-19 detection test kits & consumables 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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