Press release
COVID-19 Rapid Test Kits Market: Steep Decline Expected post 2024 Amid Concerns over Sensitivity, Specificity and Supply Chain Disruptions
COVID-19 Rapid Test Kits Market
What Is The Projected Market Size Of The Global COVID-19 Rapid Test Kits Market And Its Growth Rate?
•The COVID-19 rapid test kits market is expected to decline significantly from $918.74 billion in 2024 to $79.35 billion in 2025.
•The market is projected to experience a steep compound annual growth rate (CAGR) of -91.4% during the forecast period.
•Growth drivers in the historic period include regulatory challenges, supply chain disruptions, and concerns related to sensitivity and specificity, among others.
What Is Driving The Growth In The COVID-19 Rapid Test Kits Market?
Government regulations and initiatives to diversify diagnostic approaches are the primary growth drivers for the COVID-19 rapid test kits market. The continuous increase in global COVID-19 cases, especially among the geriatric population, has necessitated improved diagnostic facilities. For example, the US-based Food and Drug Administration issued new draft guidance in April 2022 to boost enrollment of underrepresented racial and ethnic populations in clinical trials for developing better ways to fight diseases. Additionally, robust funding from public and private agencies for the innovative and rapid development of COVID-19 diagnostics is expected to stimulate market growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=4013&type=smp
Who Are the Key Players Driving COVID-19 Rapid Test Kits Market Growth?
•Abbott Laboratories
•F. Hoffmann-La Roche Ag
•Becton, Dickinson and Company
•Siemens Healthineers Ag
•Quidel Corporation
•Thermo Fisher Scientific Inc.
•Quest Diagnostics, QIAGEN N.V.
•DiaSorin S.p.A., Mylab Discovery Solutions
•Kalbe Farma
•He Qi Group Foundation
•Beijing Jinwofu Bioengineering Technology Company
•Zhejiang Orient Gene Biotech Co. Ltd
•Transasia Bio Medicals
•Vanguard Diagnostics
•HLL Lifecare Limited
•Voxtur Bio Ltd
•LAB-CARE Diagnostics
•ImmunoScience, CPC Diagnostics
•Seegene, SD Biosensor, Getein Biotech
•Hangzhou Biotest Biotech
•Boditech Med, Inc.
•Beijing Tigsun Diagnostics
•Hunan Lituo Biotechnology
•Vivacheck Lab
•Fujirebio, Sysmex Corporation
•Atomo Diagnostics, Cellmid Limited
•Senova, CerTest Biotec
•Omega Diagnostics
•Abingdon Health, Babylon
•Novacyt Group, BioMaxima S.A
•SensDx S.A, OraSure Technologies, Inc
•Sorrento Therapeutics, Monocent Inc
•Aurora Biomed, Hologic
•LabCorp, GenMark Diagnostics
•BioFire Diagnostics, Mesa Biotech
•Perkin Elmer, Healgen Scientific Limited Liability Company
•NTBIO Diagnostics
•Victory Square Health, Motologic
•LetsGetChecked, ACRO Biotech
•Cellex Inc, Advagen Biotech Ltd
•BATM, BioMedomics QuantLease, CapeBio
What Are The Key Trends In The COVID-19 Rapid Test Kits Market?
•Major companies are developing new products such as Antigen Rapid Test Kits for faster and more efficient detection of the virus, ultimately controlling the spread of infections.
•Antigen Rapid Test Kits detect viral proteins related to infections like COVID-19 and provide results within 15-30 minutes from a nasal or throat swab.
What Are The Segments Of The Global COVID-19 Rapid Test Kits Market?
•By Test Type: RT PCR Test, Rapid Antigen Test, Rapid Antibody Test, Others
•By Test Components: PCR Machines, Equipment And Extraction Kits, Reagents
•By Specimen Type: Nasopharyngeal Swab, Oropharyngeal Swab, Nasal Swab, Blood, Others
•By End-Users: Hospitals And Clinics, Diagnostic Laboratories, Home Care, Others
Which Region Leads The COVID-19 Rapid Test Kits Market?
In 2024, North America was the largest region in the COVID-19 rapid test kits market, followed by Western Europe. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/covid-19-rapid-test-kits-global-market-report
What Is Covered In The COVID-19 Rapid Test Kits Market Global Market Report?
- Market Size Analysis: Analyze the COVID-19 Rapid Test Kits Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the COVID-19 Rapid Test Kits Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall COVID-19 Rapid Test Kits Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the COVID-19 Rapid Test Kits Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=4013&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release COVID-19 Rapid Test Kits Market: Steep Decline Expected post 2024 Amid Concerns over Sensitivity, Specificity and Supply Chain Disruptions here
News-ID: 3835998 • Views: …
More Releases from The Business Research Company
Competitive Analysis: Leading Companies and New Entrants in the Wire Arc Additiv …
The wire arc additive manufacturing cell market is rapidly gaining traction as industries increasingly embrace advanced metal 3D printing technologies. With significant investments and technological breakthroughs, this sector is set to experience remarkable growth, transforming manufacturing processes across multiple fields. Let's explore the market's size, influential players, key trends, and segmentation to understand its future trajectory.
Projected Expansion of the Wire Arc Additive Manufacturing Cell Market
The wire arc additive manufacturing cell…
Future Perspectives: Key Trends Shaping the Viscosupplementation Treatment for A …
The viscosupplementation treatment for arthritis market is on the verge of significant expansion, driven by advances in medical technology and a growing demand for effective arthritis therapies. With increasing awareness around early intervention and new treatment options, this sector is poised for rapid development over the coming years. Let's explore the market size, key players, emerging trends, and segment-wise forecasts that define this growing industry.
Projected Market Growth and Size of…
Segmentation, Major Trends, and Competitive Overview of the Viral Vector Develop …
The viral vector development service market is set to experience substantial growth in the coming years, driven by technological progress and increasing demand from various sectors. As gene therapies and advanced treatments gain prominence, the need for efficient viral vector production and development is becoming more critical. Let's explore the market size projections, key players, emerging trends, and the segment structure shaping this industry's future.
Projected Expansion and Market Size of…
Competitive Landscape: Leading Companies and New Entrants in the Transient Elast …
The transient elastography market is poised for substantial expansion as advancements in healthcare diagnostics continue to evolve. Increasing emphasis on non-invasive techniques and early disease detection is driving widespread adoption, setting the stage for strong market growth in the coming years. Let's explore the current market valuation, leading players, emerging innovations, and key segments shaping this industry.
Projected Market Value and Growth of the Transient Elastography Market
The transient elastography market is…
More Releases for Test
Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami …
12.04.2024: Vitamin Test Market Overview
The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,…
CAGR 8.1% Homecare Pregnancy Test Kits Market By Type of Test (Urine Test For H …
The Homecare Pregnancy Test Kits market report by Reports and Data provides an extensive overview of the vital elements of the Homecare Pregnancy Test Kits market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. Further, it mentions the market shares associated with the market in terms of both value and volume along with the segmentation. Space-age industrial and digitalization tools are…
Home Safety Test Kits Market, Home Safety Test Kits Market Trends, Home Safety T …
“Home Safety Test Kits Market” 2020-2025 Research Report is a professional and in-depth study on the current state of the market. Global Home Safety Test Kits market containing a complete view of the market size, business share, profit estimates, SWOT analysis and the regional landscape of the Industry. The report explains key challenges and future development prospects of the market. The Global Home Safety Test Kits analysis is provided for…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Hearing Screening and Diagnostic Devices Market Demands with Major Tests: pure T …
New Market Research Reports Title "Hearing Screening And Diagnostic Devices Market 2018" Has Been Added to Crystal Market Research Report database.
Hearing Screening and Diagnostic Devices - Competitive Insights:
The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. The major players in the market are profiled in detail…
Global Low Temperature Test Equipment Market Outlook 2017 : Ektron Tek, IEC Test …
Global Low Temperature Test Equipment Market 2017-2022
A market study ” Global Low Temperature Test Equipment Market ” examines the performance of the Low Temperature Test Equipment market 2017. It encloses an in-depth Research of the Low Temperature Test Equipment market state and the competitive landscape globally. This report analyzes the potential of Low Temperature Test Equipment market in the present and the future prospects from various angles in detail.
The Global…
