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)
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 segmentation & scope
Nasopharyngeal (NP) Swabs
Oropharyngeal (OP) Swabs
Nasal Swabs
Blood Swabs
Other Types of Sample Swabs
Molecular (PCR) Testing
Antigen-based Testing
Antibody (Serology) Testing
Other Test Types
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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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.
Partial client list
Global covid-19 diagnostics market statistics, by regions, 2020-2030 (US$M)
Top 10 countries: Covid-19 diagnostics market size, 2023 (USD Million)
Top 10 countries: Covid-19 diagnostics market size, 2023 (USD Million)
Global covid-19 diagnostics market, by region, 2023 (US$M)
Related regional statistics
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