China Covid-19 Detection Poc Kits Market Size & Outlook
China covid-19 detection poc kits market, 2020-2030 (US$M)
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China covid-19 detection poc kits market highlights
- The China covid-19 detection poc kits market generated a revenue of USD 317.2 million in 2022 and is expected to reach USD 223.8 million by 2030.
- The China market is expected to grow at a CAGR of -4.3% 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.
Covid-19 detection poc kits market data book summary
| Market revenue in 2022 | USD 317.2 million |
| Market revenue in 2030 | USD 223.8 million |
| Growth rate | -4.3% (CAGR from 2022 to 2030) |
| Largest segment | Nasopharyngeal (np) swab |
| Fastest growing segment | Oropharyngeal (OP) swab |
| Historical data | 2020 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 9.0% of the global covid-19 detection poc kits market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India covid-19 detection poc kits market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 272.5 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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China 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 57.6% in 2022. Horizon Databook has segmented the China 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 Chinese government rapidly implemented a large-scale testing campaign throughout the country. As a part of this initiative, 11 million people from Wuhan were tested for the infection, where the emergence of COVID-19 was first reported.
Such mass testing initiatives increased the demand for diagnostic products in the country. China is a major exporter of COVID-19 test kits; more than 100 companies from China are exporting these kits. As of March 2020, 102 Chinese companies received approval to market their products in European markets.
Nanjing Liming Bio-products & BGI are two of the key companies exporting COVID-19 testing kits to France, Italy, Austria, Spain, Hungary, Iran, Japan, South Korea, and Saudi Arabia. In September 2020, BGI received an order for 1.5 million COVID-19 test kits from Ethiopia.
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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 country-level data and insights on the China covid-19 detection poc kits market , including forecasts for subscribers. This country databook contains high-level insights into China covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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China covid-19 detection poc kits market size, by type, 2020-2030 (US$M)
China COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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