Asia Pacific Covid-19 Detection Poc Kits Market Size & Outlook
Asia Pacific covid-19 detection poc kits market, 2020-2030 (US$M)
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Asia Pacific covid-19 detection poc kits market highlights
- The Asia Pacific covid-19 detection poc kits market generated a revenue of USD 1,057.9 million in 2022.
- The market is expected to grow at a CAGR of -3.8% from 2023 to 2030.
- In terms of segment, nasopharyngeal (np) swab was the largest revenue generating type in 2022.
- Oropharyngeal (OP) swab is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,057.9 million |
| Market revenue in 2030 | USD 774.3 million |
| Growth rate | -3.8% (CAGR from 2022 to 2030) |
| Largest segment | Nasopharyngeal (np) swab |
| Fastest growing segment | Oropharyngeal (OP) swab |
| Historical data covered | 2020 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nasopharyngeal (NP) swab, Oropharyngeal (OP) swab, Nasal Swabs, Saliva |
| Key market players worldwide | Abbott Laboratories, Mylab Discovery Solutions, Converge Technology Solutions Corp, Thermo Fisher Scientific Inc, Roche, Danaher Corp, Birks Group Inc Class A, Cue Health Inc, Quest Diagnostics Inc, SD Biosensor |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.1% of the global covid-19 detection poc kits market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 818.3 million by 2030.
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COVID-19 Detection PoC Kits Market Scope
COVID-19 Detection PoC Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific covid-19 detection poc kits 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 detection poc kits market will help companies and investors design strategic landscapes.
Nasopharyngeal (np) swab was the largest segment with a revenue share of 58% in 2022. Horizon Databook has segmented the Asia Pacific covid-19 detection poc kits market based on nasopharyngeal (np) swab, oropharyngeal (op) swab, nasal swabs, saliva covering the revenue growth of each sub-segment from 2020 to 2030.
The increasing pool of local diagnostic kits & reagents manufacturers providing testing solutions for COVID-19 detection contributed to revenue generation in the region. Furthermore, collaborations between countries are expected to boost the adoption of COVID-19 diagnostic products in the region.
In addition, several local companies have entered into partnerships with international companies for developing and manufacturing COVID-19 diagnostic tests. In May 2020, Duke-NUS Medical School from Singapore collaborated with Diagnostics Development Hub & Gen Script Biotech for developing & manufacturing a COVID-19 detection system.
In March 2020, Osaka-based Kurabo Industries launched a 15-minute testing kit to be marketed in Japan. In April 2020, Toyobo Co., a Japanese biotechnology company, developed a COVID-19 testing kit that can generate results within an hour. Similarly, in May 2020, Japanese authorities approved Fuji Rebio, Inc.'s SARS COV-2 antigen test kit.
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Our clientele includes a mix of covid-19 detection poc kits market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific covid-19 detection poc kits market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific covid-19 detection poc kits market size, by country, 2020-2030 (US$M)
Asia Pacific COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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