Market Overview:
The global rapid covid test machine market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of Covid-19, rising demand for point-of-care testing, and technological advancements in rapid covid test machines. Based on type, the global rapid covid test machine market is segmented into nasal swabs, throat swabs, and nasopharyngeal swabs. The nasal swab segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. This growth can be attributed to factors such as easy availability and low cost as compared with other types of tests. Based on application, the global rapid covid test machine market is divided into hospital settings, clinic settings, residential settings (including home care), and other applications (including military camps/bases).
Product Definition:
A rapid covid test machine is a device used to quickly and accurately detect the presence of the coronavirus in a person's blood or other bodily fluid. The importance of this type of machine is that it can provide results within minutes, which can help healthcare professionals to make decisions about how best to treat someone who may be infected with the virus.
Nasal Swabs:
Nasal swabs are samples that are taken from the nose. It is a thin layer of tissue that covers the inside of the nose as well as the roof of mouth. Nasal swab sample is collected by using a special device called nasal probe or rapid covid test machine, which is also known as nasopharyngeal (NP) probe or rhino-nasopharyngo-fluid (RNDF).
Throat Swabs:
Throat swabs are samples that are taken from the inside of a person's throat. They are used in rapid cevid machine tests to detect viruses, bacteria, and other microorganisms that may be present in a patient's mouth. These tests determine whether or not the patient has been recently exposed to an infectious disease.
These swabs can also be used for testing purposes after surgery as they provide immediate results without any further processing.
Application Insights:
The other application segment includes commercial testing centers and home healthcare settings. In most cases, these are based on the basis of hospital or clinic setting. The hospital dominated the market in 2017 due to its ability to detect a wider range of pathogens compared to other settings at a same time maintaining cost-efficiency. However, with growing number of clinics across various regions, residential settings are expected to witness lucrative growth over the forecast period owing to reduced costs associated with it as compared to clinics and hospitals.
Regional Analysis:
Europe dominated the global market in 2017. The presence of well-developed healthcare infrastructure and high adoption rate of COVID-19 are some factors responsible for its large share. In addition, government initiatives to improve testing efficiency and reduce waiting time are expected to drive the regional market further. For instance, in April 2018, Public Health England launched a mobile rapid diagnostic test that can be performed on any portable device using off-the shelf components available in Covid-19 laboratories within two days. Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing COVID adoption by countries such as China and India along with rising awareness about early diagnosis among people living in these regions. Moreover, governments from various countries have been continuously working towards improving laboratory infrastructure for faster diagnosis & response efforts during pandemics like COVID 19 so as to prevent significant economic losses or loss of life due to lack of timely care (LOTL).
Growth Factors:
- Increasing demand for rapid Covid Test Machine due to increasing incidence of coronavirus (Covid-19) across the globe.
- Rising awareness about the benefits of using rapid Covid Test Machine for early diagnosis and treatment of coronavirus (Covid-19).
- Technological advancements in the field of rapid Covid Test Machine that are helping to improve accuracy and speed of diagnosis.
- Growing number of private and public sector initiatives to promote use of rapid Covid Test Machine for early detection and prevention of coronavirus (Covid-19).
Scope Of The Report
Report Attributes
Report Details
Report Title
Rapid Covid Test Machine Market Research Report
By Type
Nasal Swabs, Throat Swabs, Nasopharyngeal Swabs
By Application
Hospital, Clinic, Residential, Other
By Companies
Abbott, Becton，Dickinson and Company, Quidel Corporation, Bosch, Lucira Health
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Rapid Covid Test Machine Market Report Segments:
The global Rapid Covid Test Machine market is segmented on the basis of:
Types
Nasal Swabs, Throat Swabs, Nasopharyngeal Swabs
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, Clinic, Residential, Other
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:
- Abbott
- Becton，Dickinson and Company
- Quidel Corporation
- Bosch
- Lucira Health
Highlights of The Rapid Covid Test Machine 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:
- Nasal Swabs
- Throat Swabs
- Nasopharyngeal Swabs
- By Application:
- Hospital
- Clinic
- Residential
- Other
- 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 Rapid Covid Test Machine 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?
Rapid Covid Test Machine is a machine that can help in the diagnosis of co-vascular diseases. It uses ultrasound technology to measure blood flow and function in the arteries and veins. This information can help in making a diagnosis of co-vascular diseases, as well as providing information on how best to treat them.
Some of the major companies in the rapid covid test machine market are Abbott, Becton，Dickinson and Company, Quidel Corporation, Bosch, Lucira Health.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rapid Covid Test Machine 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 Rapid Covid Test Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rapid Covid Test Machine 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 Rapid Covid Test Machine 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 Rapid Covid Test Machine Market Size & Forecast, 2020-2028
4.5.1 Rapid Covid Test Machine Market Size and Y-o-Y Growth
4.5.2 Rapid Covid Test Machine Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Nasal Swabs
5.2.2 Throat Swabs
5.2.3 Nasopharyngeal Swabs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Residential
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rapid Covid Test Machine 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 Rapid Covid Test Machine 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Nasal Swabs
9.6.2 Throat Swabs
9.6.3 Nasopharyngeal Swabs
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 Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Residential
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Nasal Swabs
10.6.2 Throat Swabs
10.6.3 Nasopharyngeal Swabs
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 Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Residential
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Nasal Swabs
11.6.2 Throat Swabs
11.6.3 Nasopharyngeal Swabs
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 Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Residential
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Nasal Swabs
12.6.2 Throat Swabs
12.6.3 Nasopharyngeal Swabs
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 Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Residential
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Nasal Swabs
13.6.2 Throat Swabs
13.6.3 Nasopharyngeal Swabs
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) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Residential
13.10.4 Other
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 Rapid Covid Test Machine Market: Competitive Dashboard
14.2 Global Rapid Covid Test Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Becton，Dickinson and Company
14.3.3 Quidel Corporation
14.3.4 Bosch
14.3.5 Lucira Health
