Global Covid-19 Diagnostics Market Size & Outlook

The covid-19 diagnostics industry worldwide is expected to reach a projected revenue of US$ 6,252.1 million by 2030. A compound annual growth rate of -21.2% is expected of the worldwide covid-19 diagnostics industry from 2024 to 2030.
Revenue, 2023 (US$M)
$33,030.7
Forecast, 2030 (US$M)
$6,252.1
CAGR, 2024 - 2030
-21.2%
Report Coverage
Worldwide

Global covid-19 diagnostics market, 2020-2030 (US$M)

Global covid-19 diagnostics market highlights

  • The global covid-19 diagnostics market generated a revenue of USD 33,030.7 million in 2023 and is expected to reach USD 6,252.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of -21.2% by 2030.
  • In terms of segment, reagents & kits accounted for a revenue of USD 21,636.4 million in 2023.
  • Services is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 33,030.7 million
Market revenue in 2030USD 6,252.1 million
Growth rate-21.2% (CAGR from 2023 to 2030)
Largest segmentReagents & kits
Fastest growing segmentServices
Historical data covered2020 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInstruments, Reagents & Kits, Services

Other key industry trends

  • In terms of revenue, the North America accounted for 31.6% of the global covid-19 diagnostics market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Japan is the fastest growing regional market and is projected to reach USD 59.2 million by 2030.

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COVID-19 Diagnostics Market Companies

Name Profile # Employees HQ Website

Global covid-19 diagnostics 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 diagnostics market will help companies and investors design strategic landscapes.


Reagents & kits was the largest segment with a revenue share of 65.5% in 2023. Horizon Databook has segmented the Global covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.


  • Global COVID-19 Diagnostics Product Outlook (Revenue, USD Million, 2020-2030)
    • Instruments
    • Reagents & Kits
    • Services
  • Global COVID-19 Diagnostics Sample Type Outlook (Revenue, USD Million, 2020-2030)
    • Nasopharyngeal (NP) Swabs
    • Oropharyngeal (OP) Swabs
    • Nasal Swabs
    • Blood Swabs
    • Other Types of Sample Swabs
  • Global COVID-19 Diagnostics Test Type Outlook (Revenue, USD Million, 2020-2030)
    • Molecular (PCR) Testing
    • Antigen-based Testing
    • Antibody (Serology) Testing
    • Other Test Types
  • Global COVID-19 Diagnostics Mode Outlook (Revenue, USD Million, 2020-2030)
    • Point-of-Care (PoC)
    • Non Point-of-Care (Non-PoC)
  • Global COVID-19 Diagnostics End Use Outlook (Revenue, USD Million, 2020-2030)
    • Laboratories
    • Hospitals
    • Diagnostic Centers and Clinics
    • Other End Use

Reasons to subscribe to Global covid-19 diagnostics market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Global covid-19 diagnostics market databook

  • Our clientele includes a mix of covid-19 diagnostics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 diagnostics market , including forecasts for subscribers. This global databook contains high-level insights into Global covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.

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Global covid-19 diagnostics market size, by regions, 2020-2030 (US$M)

Top 10 countries: Covid-19 diagnostics market size, 2023 (US$M)

Global covid-19 diagnostics market share, by product, 2023 & 2030 (%, US$M)

Covid-19 diagnostics market: Opportunity assessment by country

Global covid-19 diagnostics market, by region, 2023 (US$M)

Global covid-19 diagnostics market size, by regions, 2020-2030 (US$M)

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