GITNUX MARKETDATA REPORT 2024

Covid Testing Industry Statistics

The Covid testing industry has experienced significant growth, with millions of tests being conducted worldwide each day to monitor and control the spread of the virus.

Statistic 1

"As of November 2021, the global COVID-19 diagnostics market size was valued at USD 84.4 billion."

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Statistic 2

"The covid testing industry is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2028."

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Statistic 3

"Asia Pacific dominated the COVID-19 diagnostics market in terms of revenue in 2020."

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Statistic 4

"Molecular diagnostics accounted for the largest revenue share in 2020 which was over 60%."

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Statistic 5

"North America accounted for the second-largest revenue share in the COVID-19 diagnostics market in 2020."

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Statistic 6

"Point of Care testing is expected to show the highest growth at a CAGR of 4.1% from 2022 to 2028."

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Statistic 7

"As of August 2021, Europe has conducted over 1.4 billion tests."

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Statistic 8

"As of January 24, 2022, over 860 million tests have been conducted in the United States."

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Statistic 9

"COVID-19 testing market is projected to reach USD 200 billion by 2027."

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Statistic 10

"Serological testing is projected to exhibit a CAGR of 28.3% during the forecast period."

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Statistic 11

"Using frequent, inexpensive, rapid tests could decrease COVID-19 infectiousness by 89%."

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Statistic 12

"It is estimated that by 2022, Asia Pacific is set to surpass Europe and constitute over 18% of the global test volume for COVID-19."

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Statistic 13

"It is projected that by 2025, COVID-19 testing demand in North America will be around 90 million tests."

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Statistic 14

"In 2021, COVID-19 testing accounted for nearly 52 percent of all molecular diagnostics revenue in high-income countries."

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Statistic 15

"As of August 2021, India has conducted over 540 million tests."

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Statistic 16

"As of August 2021, Africa conducted fewer than 63 million tests for a population well over one billion during the pandemic."

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