Global Covid-19 Antigen Test Market Size & Outlook
Global covid-19 antigen test market, 2020-2027 (US$M)
Related Markets
Global covid-19 antigen test market highlights
- The global covid-19 antigen test market generated a revenue of USD 5,297.6 million in 2020 and is expected to reach USD 8,348.5 million by 2027.
- The market is expected to grow at a CAGR (2021 - 2027) of 6.7% by 2027.
- In terms of segment, services accounted for a revenue of USD 2,603.2 million in 2020.
- Reagents & Kits is the most lucrative product & service segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2027.
Global data book summary
| Market revenue in 2020 | USD 5,297.6 million |
| Market revenue in 2027 | USD 8,348.5 million |
| Growth rate | 6.7% (CAGR from 2020 to 2027) |
| Largest segment | Services |
| Fastest growing segment | Reagents & Kits |
| Historical data covered | 2020 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platforms, Reagents & Kits, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 37.0% of the global covid-19 antigen test market in 2020.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 18.0 million by 2027.
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COVID-19 Antigen Test Market Scope
COVID-19 Antigen Test Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global covid-19 antigen test market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to covid-19 antigen test market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 49.14% in 2020. Horizon Databook has segmented the Global covid-19 antigen test market based on platforms, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2027.
- Global COVID-19 Antigen Test Product & Service Outlook (Revenue, USD Million, 2020-2027)
- Platforms
- Reagents & Kits
- Services
- Global COVID-19 Antigen Test End Use Outlook (Revenue, USD Million, 2020-2027)
- Clinics & Hospitals
- Home Care
- Diagnostic Labs
- Other End Users
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Target buyers of Global covid-19 antigen test market databook
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Our clientele includes a mix of covid-19 antigen test market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global covid-19 antigen test market, including forecasts for subscribers. This global databook contains high-level insights into Global covid-19 antigen test market from 2020 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global covid 19 antigen tests market size, by regions, 2020-2027 (US$M)
Top 10 countries: Covid 19 antigen tests market size, 2020 (US$M)
Global covid 19 antigen tests market share, by product & service, 2020 & 2027 (%, US$M)
Covid-19 antigen test market: Opportunity assessment by country
Global covid-19 antigen test market, by region, 2020 (US$M)
| Product & Service | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| North America | 1,960.7 | 2,989.2 | 4,076.1 | 3,924.9 | 3,751.3 | 3,559.3 | 3,353.0 | 3,136.3 | 6.9% |
| Europe | 822.6 | 1,615.2 | 2,156.0 | 1,947.5 | 1,749.4 | 1,562.6 | 1,387.9 | 1,225.8 | 5.9% |
| Asia Pacific | 2,049.6 | 3,533.7 | 4,606.8 | 4,354.4 | 4,104.3 | 3,857.5 | 3,615.2 | 3,378.4 | 7.4% |
| Latin America | 257.6 | 399.0 | 484.6 | 452.4 | 421.7 | 392.6 | 365.0 | 338.9 | 4.0% |
| MEA | 207.1 | 306.6 | 350.7 | 330.9 | 313.0 | 296.9 | 282.3 | 269.1 | 3.8% |
| Overall | 5,297.6 | 8,843.6 | 11,674.2 | 11,010.1 | 10,339.7 | 9,668.9 | 9,003.4 | 8,348.5 | 6.7% |
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