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The global COVID-19 rapid test kits market is expected to decline from $14.94 billion in 2020 to $8.81 billion in 2021 at a compound annual growth rate (CAGR) of -41%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The COVID-19 rapid test kits market is expected to reach $0.27 billion in 2025 at a CAGR of -58%.
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The COVID-19 rapid test kits market consists of sales of rapid test kits used for COVID-19 diagnosis and detection. The COVID-19 rapid test kits are either rapid antigen test kits or rapid antibody test kits manufactured by the entities that manufacture in-vitro rapid diagnostic tests in the medical equipment industry. The companies involved in manufacturing these rapid test kits are primarily engaged in designing, research and production of the rapid test kits which are used in hospitals and clinics, home care, diagnostic laboratories and more.
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The covid-19 rapid test kits market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the covid-19 rapid test kits market are Thermo Fisher Scientific, Abbott Laboratories, BioMedomics, CTK Biotech, F. Hoffmann-La Roche AG, Cepheid Inc., Cellex Inc., Acumen Research Laboratories, Biolidics, and LabCorp.
The global COVID-19 rapid test kits market is segmented –
1) By Test Type: Rapid Antigen Test, Rapid Antibody Test, Others
2) By Kit Type: Equipment and Extraction Kits, rRT-PCR Test Kits, Reagents
3) By Specimen Type: Nasopharyngeal Swab, Oropharyngeal Swab, Nasal Swab, Others
4) By End-Users: Hospitals And Clinics, Diagnostic Laboratories, Home Care, Others
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The covid-19 rapid test kits market report describes and explains the global covid-19 rapid test kits market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The covid-19 rapid test kits report evaluates the market across each region and for the major economies within each region.
The countries covered in the global covid-19 rapid test kits market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global covid-19 rapid test kits market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- COVID-19 Rapid Test Kits Market Characteristics
- COVID-19 Rapid Test Kits Market Product Analysis
- COVID-19 Rapid Test Kits Market Supply Chain
- Key Mergers And Acquisitions In The COVID-19 Rapid Test Kits Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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