The Business Research Company’s COVID-19 Rapid Test Kits Global Market Report 2022 – Market Size, Trends, And Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 22, 2022 /EINPresswire.com/ — According to ‘COVID-19 Rapid Test Kits Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the COVID-19 rapid test kits market size is expected to decline from $21.57 billion in 2021 to $6.57 billion in 2022 at a compound annual growth rate (CAGR) of -69.5%. As per TBRC’s COVID-19 rapid test kit market research the market size is further expected to decline to $0.01 billion in 2026 at a CAGR of -80.8%. Government regulations and steps to provide diversified diagnostic approaches are expected to boost the COVID-19 rapid test kit market growth during the forecast period.
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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, researching, and production of the rapid test kits which are used in hospitals and clinics, home care, diagnostic laboratories, and more.
Global COVID-19 Rapid Test Kits Market Trends
The incorporation of Artificial Intelligence (AI) algorithms with the rapid diagnostic test kits are expected to boost market growth during the forecast period.
Global COVID-19 Rapid Test Kits Market Segments
The global COVID-19 rapid test kit market is segmented:
By Test Type: Rapid Antigen Test, Rapid Antibody Test, Others
By Kit Type: Equipment and Extraction Kits, rRT-PCR Test Kits, Reagents
By Specimen Type: Nasopharyngeal Swab, Oropharyngeal Swab, Nasal Swab, Others
By End-User: Hospitals and Clinics, Diagnostic Laboratories, Home Care, Others
By Geography: The global COVID-19 rapid tests market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read more on the global COVID-19 rapid test kits market report at:
COVID-19 Rapid Test Kits Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides COVID-19 rapid test kits market overviews, COVID-19 rapid test kit market analysis and forecasts market size and growth for the global COVID-19 rapid test kits market, COVID-19 rapid test kits market share, COVID-19 rapid test kits market segments and geographies, COVID-19 rapid test kits market players, COVID-19 rapid test kits market leading competitor revenues, profiles and market shares. The COVID-19 rapid test kits market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s COVID-19 Rapid Test Kits Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Thermo Fisher Scientific, Abbott Laboratories, BioMedomics, CTK Biotech, F. Hoffmann-La Roche AG, Cepheid Inc., Cellex Inc., Acumen Research Laboratories, Biolidics, and LabCorp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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