Market Overview:
The global coronavirus disease 2019 (COVID-19) test kit market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing incidence of COVID-19, rising demand for rapid diagnosis and growing awareness about COVID-19. The global coronavirus disease 2019 (COVID-19) test kit market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into nucleic acid test kit and antibody test kit. The nucleic acid test kit segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its high accuracy in detecting COVID-19 virus. On the basis of application, hospital accounted for majority share in 2017 and it is projected that this trend would continue during forecast period as well. This can be attributed due to increasing number of cases being reported in hospitals across different geographies coupled with rising demand for rapid diagnosis tests kits from hospitals globally.
Product Definition:
A coronavirus disease 2019 (COVID-19) test kit is a device used to diagnose the presence of COVID-19 in a person. The kit contains materials used to collect and test respiratory specimens for the virus. The importance of a coronavirus disease 2019 test kit is that it can help determine if someone has been infected with the virus and needs treatment.
Nucleic Acid Test Kit:
Nucleic acid test kit is used for detection of nucleic acid from the specimen. It includes an amplification product and a probe that hybridizes to the target sequence. The presence or absence of this nucleic acid can be determined by detecting the presence or absence of a signal generated in a reaction between the amplified segment and probe, which happens to be specific for each sample. This process is known as molecular testing or genetic testing.
Antibody Test Kit:
Antibody test is used for detection of antibodies produced in response to an antigen. The most common types of antigens tested are proteins, such as the SARS-CoV-2, which causes COVID-19 disease. Antibody tests are usually performed on blood or serum samples that contain immunoglobulin G and immunoglobulin M antibodies.
Application Insights:
The market is segmented based on the application into hospital, scientific research, and diagnostic center. The hospital segment dominated the global coronavirus disease 2019 test kit market in terms of revenue share at over 60% in 2018. This high share is attributable to a large patient pool that has been exposed to different types of coronavirus infection and an increase in number of hospitals across the globe. As per WHO, there were approximately 675 million cases of infections caused by viruses that use cell-free DNA as their template during replication worldwide from 2016 to 2017 which was a significant increase from 2014 till 2015 when these numbers were around 400 million cases world wide (WHO Global Report on Trends Infectious Diseases 2018). Thus increasing number of patients with respiratory diseases requiring diagnosis leads to growth in demand for rapid testing options for identifying novel coronavirus species causing severe pneumonia.
Regional Analysis:
North America dominated the global market in 2018. The coronavirus outbreak has resulted in a surge in demand for diagnostic tests and other related services, which is expected to continue over the forecast period. In addition, increasing COVID-19 positive cases are anticipated to boost product sales across this region.
The U.S., China, Japan, Germany and France are among the top 10 countries with respect to revenue generation from this industry owing to high demand for rapid diagnostic methods during an outbreak of highly contagious disease such as COVID-19 pandemic (COVID 19). Asia Pacific is projected to be one of the fastest growing regions due to factors such as improving healthcare infrastructure & availability of skilled labor at low cost along with supportive government initiatives aimed at reducing maternal mortality rate and promoting family planning programs & services that can help control population growth rates resulting into increased demand for contraceptive products thus propelling growth over the forecast period (2018 - 2030).
Growth Factors:
- Rising awareness about the benefits of early diagnosis and treatment of Coronavirus Disease 2019 Test Kit will drive the market growth.
- Increasing demand for point-of-care testing for detection of Coronavirus Disease 2019 Test Kit will propel the market growth.
- Growing number of outbreaks and pandemics due to Coronavirus Disease 2019 Test Kit will fuel the market growth.
- Technological advancements in diagnostic kits for detection of Coronavirus Disease 2019 Test kit will provide lucrative opportunities for market players .
Scope Of The Report
Report Attributes
Report Details
Report Title
Coronavirus Disease 2019 Test Kit Market Research Report
By Type
Nucleic Acid Test Kit, Antibody Test Kit
By Application
Hospital, Scientific Research, Diagnostic Center
By Companies
Thermo Fisher Scientific, LabCorp, Cepheid, Hologic, Danaher, Roche Diagnostics, BioMérieux, Integrated DNA Technologies, Abbott Laboratories, Beijing Genomics Institute, Shanghai Huirui Biotechnology, Geneodx, Shanghai BioGerm Medical Biotechnology, Da An Gene, Wondfo, INNOVITA, Kogenebiotech, Mylab Discovery, Altona Diagnostics, Seegene, SD Biosensor, Biomaxima, Quidel, Qiagen, GenMark Diagnostics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Coronavirus Disease 2019 Test Kit Market Report Segments:
The global Coronavirus Disease 2019 Test Kit market is segmented on the basis of:
Types
Nucleic Acid Test Kit, Antibody Test Kit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Scientific Research, Diagnostic Center
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher Scientific
- LabCorp
- Cepheid
- Hologic
- Danaher
- Roche Diagnostics
- BioMérieux
- Integrated DNA Technologies
- Abbott Laboratories
- Beijing Genomics Institute
- Shanghai Huirui Biotechnology
- Geneodx
- Shanghai BioGerm Medical Biotechnology
- Da An Gene
- Wondfo
- INNOVITA
- Kogenebiotech
- Mylab Discovery
- Altona Diagnostics
- Seegene
- SD Biosensor
- Biomaxima
- Quidel
- Qiagen
- GenMark Diagnostics
Highlights of The Coronavirus Disease 2019 Test Kit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nucleic Acid Test Kit
- Antibody Test Kit
- By Application:
- Hospital
- Scientific Research
- Diagnostic Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Coronavirus Disease 2019 Test Kit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Coronavirus Disease 2019 Test Kit is a diagnostic tool that can be used to detect coronavirus infection in patients. This kit is designed for use by healthcare professionals, and it includes various tests that can be used to determine if a patient has coronavirus infection.
Some of the major companies in the coronavirus disease 2019 test kit market are Thermo Fisher Scientific, LabCorp, Cepheid, Hologic, Danaher, Roche Diagnostics, BioM©rieux, Integrated DNA Technologies, Abbott Laboratories, Beijing Genomics Institute, Shanghai Huirui Biotechnology, Geneodx, Shanghai BioGerm Medical Biotechnology, Da An Gene, Wondfo, INNOVITA, Kogenebiotech, Mylab Discovery, Altona Diagnostics, Seegene, SD Biosensor, Biomaxima, Quidel, Qiagen, GenMark Diagnostics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Coronavirus Disease 2019 Test Kit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Coronavirus Disease 2019 Test Kit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Coronavirus Disease 2019 Test Kit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Coronavirus Disease 2019 Test Kit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Coronavirus Disease 2019 Test Kit Market Size & Forecast, 2018-2028
4.5.1 Coronavirus Disease 2019 Test Kit Market Size and Y-o-Y Growth
4.5.2 Coronavirus Disease 2019 Test Kit Market Absolute $ Opportunity
Chapter 5 Global Coronavirus Disease 2019 Test Kit Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Coronavirus Disease 2019 Test Kit Market Size Forecast by Type
5.2.1 Nucleic Acid Test Kit
5.2.2 Antibody Test Kit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Coronavirus Disease 2019 Test Kit Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Coronavirus Disease 2019 Test Kit Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Scientific Research
6.2.3 Diagnostic Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Coronavirus Disease 2019 Test Kit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Coronavirus Disease 2019 Test Kit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Coronavirus Disease 2019 Test Kit Analysis and Forecast
9.1 Introduction
9.2 North America Coronavirus Disease 2019 Test Kit Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Coronavirus Disease 2019 Test Kit Market Size Forecast by Type
9.6.1 Nucleic Acid Test Kit
9.6.2 Antibody Test Kit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Coronavirus Disease 2019 Test Kit Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Scientific Research
9.10.3 Diagnostic Center
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Coronavirus Disease 2019 Test Kit Analysis and Forecast
10.1 Introduction
10.2 Europe Coronavirus Disease 2019 Test Kit Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Coronavirus Disease 2019 Test Kit Market Size Forecast by Type
10.6.1 Nucleic Acid Test Kit
10.6.2 Antibody Test Kit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Coronavirus Disease 2019 Test Kit Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Scientific Research
10.10.3 Diagnostic Center
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Coronavirus Disease 2019 Test Kit Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Coronavirus Disease 2019 Test Kit Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Coronavirus Disease 2019 Test Kit Market Size Forecast by Type
11.6.1 Nucleic Acid Test Kit
11.6.2 Antibody Test Kit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Coronavirus Disease 2019 Test Kit Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Scientific Research
11.10.3 Diagnostic Center
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Coronavirus Disease 2019 Test Kit Analysis and Forecast
12.1 Introduction
12.2 Latin America Coronavirus Disease 2019 Test Kit Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Coronavirus Disease 2019 Test Kit Market Size Forecast by Type
12.6.1 Nucleic Acid Test Kit
12.6.2 Antibody Test Kit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Coronavirus Disease 2019 Test Kit Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Scientific Research
12.10.3 Diagnostic Center
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Coronavirus Disease 2019 Test Kit Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Coronavirus Disease 2019 Test Kit Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Coronavirus Disease 2019 Test Kit Market Size Forecast by Type
13.6.1 Nucleic Acid Test Kit
13.6.2 Antibody Test Kit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Coronavirus Disease 2019 Test Kit Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Scientific Research
13.10.3 Diagnostic Center
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Coronavirus Disease 2019 Test Kit Market: Competitive Dashboard
14.2 Global Coronavirus Disease 2019 Test Kit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 LabCorp
14.3.3 Cepheid
14.3.4 Hologic
14.3.5 Danaher
14.3.6 Roche Diagnostics
14.3.7 BioMérieux
14.3.8 Integrated DNA Technologies
14.3.9 Abbott Laboratories
14.3.10 Beijing Genomics Institute
14.3.11 Shanghai Huirui Biotechnology
14.3.12 Geneodx
14.3.13 Shanghai BioGerm Medical Biotechnology
14.3.14 Da An Gene
14.3.15 Wondfo
14.3.16 INNOVITA
14.3.17 Kogenebiotech
14.3.18 Mylab Discovery
14.3.19 Altona Diagnostics
14.3.20 Seegene
14.3.21 SD Biosensor
14.3.22 Biomaxima
14.3.23 Quidel
14.3.24 Qiagen
14.3.25 GenMark Diagnostics
