GITNUX MARKETDATA REPORT 2024

Covid Testing Kit Industry Statistics

The global Covid testing kit industry is experiencing significant growth, driven by increased demand due to the ongoing pandemic.

Statistic 1

"By 2027 the global COVID-19 diagnostics market size is projected to reach USD 11.40 billion."

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Statistic 2

"The global COVID-19 detection kits market is expected to exhibit a CAGR of 17.3% from 2021 to 2028."

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Statistic 3

"North America dominated the COVID-19 diagnostics market due to their developed healthcare infrastructure, with a market share of 38.5% in 2020."

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Statistic 4

"Asia Pacific COVID-19 diagnostics market is projected to witness a robust CAGR of 21.4% till 2027."

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Statistic 5

"India is expected to register highest growth rate in the Asia Pacific region by 2027 at a CAGR of 25.8%."

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Statistic 6

""PCR (Polymerase Chain Reaction) testing kits" dominated the market with a share of 62.9% in 2020."

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Statistic 7

"By end-user, the hospitals and clinics segment accounted for the largest share of 44.0% in the COVID-19 detection kits market."

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Statistic 8

"Rapid antigen test kits are expected to show significant growth at a CAGR of 19.7% from 2021 to 2028."

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Statistic 9

"Europe accounted for the second largest market share in the COVID-19 diagnostics market with 27.6% in 2020."

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Statistic 10

"RT-PCR detection kits contributed to the highest revenue in 2020 with USD 2.70 billion."

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Statistic 11

"The COVID-19 testing kit industry witnessed a surge in demand, causing global revenue to increase by 23.4% in 2020."

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Statistic 12

"The home/self-test segment in the COVID-19 testing kits market is projected to grow at a CAGR of 20.3% from 2021 to 2028."

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Statistic 13

"More than 15 companies have launched rapid COVID-19 testing kits since March 2020."

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Statistic 14

"The Africa COVID-19 diagnostic market size is set to exceed USD 685 million by 2025."

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Statistic 15

"The demand for COVID-19 testing kits for commercial use is anticipated to increase at a CAGR of 16.2% from 2021 to 2028."

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Statistic 16

"The global COVID-19 home test kit market is anticipated to grow significantly at a CAGR of 24.6% over the forecast period."

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Statistic 17

"Lateral flow assays (LFA) contributed the second largest revenue of USD 1.3 billion in 2020."

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Statistic 18

"The serology test is set to experience the highest growth rate with a CAGR of 19.6% from 2021 to 2028."

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Statistic 19

"The Asia Pacific region excluding China's testing kit market is expected to grow at a significant CAGR of 23.1% from 2021 to 2028."

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Statistic 20

"The global COVID-19 detection kits market size was valued at USD 3.3 billion in 2020."

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