Europe Covid-19 Detection Poc Kits Market Size & Outlook
Europe covid-19 detection poc kits market, 2020-2030 (US$M)
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Europe covid-19 detection poc kits market highlights
- The Europe covid-19 detection poc kits market generated a revenue of USD 900.6 million in 2022.
- The market is expected to grow at a CAGR of -3.3% 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.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 900.6 million |
| Market revenue in 2030 | USD 688.8 million |
| Growth rate | -3.3% (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, Europe region accounted for 25.6% 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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Europe 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 57.72% in 2022. Horizon Databook has segmented the Europe 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.
Europe accounted for a major revenue share in the market in 2021. This can be attributed to high number of COVID-19 cases, coupled with rapid scaling of COVID-19 testing in the region. During the start of the pandemic, Europe had a very high incidence of COVID-19, which resulted in rapid adoption of COVID-19 diagnostic tests.
In June 2021, Abbott received a CE mark for Panbio COVID-19 self-antigen test for COVID-19 diagnosis. This OTC approval enabled access to rapid and reliable self-testing kits throughout Europe to curb COVID-19 transmission.
Furthermore, in Germany and France, Panino self-test was already authorized for diagnosis use as part of national testing programs in schools, colleges, and universities for diagnosis of disease. In France, the Ministry of Education provided Panino testing kits to schools and universities to support its prevention and control strategy.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe covid-19 detection poc kits market , including forecasts for subscribers. This continent databook contains high-level insights into Europe covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Europe covid-19 detection poc kits market size, by country, 2020-2030 (US$M)
Europe COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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