Global Covid-19 Diagnostics Market Size & Outlook
Global covid-19 diagnostics market, 2020-2030 (US$M)
Related Markets
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 2023 | USD 33,030.7 million |
| Market revenue in 2030 | USD 6,252.1 million |
| Growth rate | -21.2% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Services |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, 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 Scope
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
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Target buyers of Global covid-19 diagnostics market databook
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Our clientele includes a mix of covid-19 diagnostics 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 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)
| Product | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 15,261.8 | 26,507.0 | 16,648.6 | 10,431.2 | 6,104.7 | 5,277.4 | 4,516.6 | 3,826.6 | 3,209.3 | 2,664.1 | 2,188.9 | -20.0% |
| Europe | 8,897.8 | 24,417.9 | 15,993.9 | 10,623.2 | 5,992.7 | 5,071.5 | 4,277.2 | 3,597.9 | 3,022.1 | 2,538.8 | 2,137.6 | -20.5% |
| Asia Pacific | 7,740.6 | 17,250.9 | 14,065.4 | 9,818.5 | 6,933.7 | 5,843.9 | 4,782.8 | 3,809.1 | 2,915.7 | 2,093.7 | 1,333.4 | -24.8% |
| Latin America | 1,381.3 | 2,268.1 | 1,514.8 | 952.4 | 572.1 | 503.4 | 444.4 | 394.0 | 350.8 | 314.0 | 282.6 | -15.9% |
| MEA | 991.6 | 689.8 | 654.0 | 1,205.5 | 705.0 | 570.3 | 503.1 | 444.2 | 392.7 | 348.0 | 309.6 | -17.7% |
| Overall | 34,273.0 | 71,133.7 | 48,876.6 | 33,030.7 | 20,308.2 | 17,266.4 | 14,524.1 | 12,071.7 | 9,890.5 | 7,958.5 | 6,252.1 | -21.2% |
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