Russia Covid-19 Diagnostics Market Size & Outlook
Russia covid-19 diagnostics market, 2020-2030 (US$M)
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Russia covid-19 diagnostics market highlights
- The Russia covid-19 diagnostics market generated a revenue of USD 451.5 million in 2023 and is expected to reach USD 63.2 million by 2030.
- The Russia market is expected to grow at a CAGR of -24.5% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 451.5 million |
| Market revenue in 2030 | USD 63.2 million |
| Growth rate | -24.5% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, Russia accounted for 1.4% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK covid-19 diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 115.0 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 67.11% in 2023. Horizon Databook has segmented the Russia covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
Russia was among the worst hit countries during the pandemic. This has resulted in significant increase in number of tests conducted in the country. As of June 2022, approximately 297.3 million tests of coronavirus have been performed in the country.
This was the third highest in Europe and the fifth highest across the world. Moreover, the country's COVID-19 testing rate per million population is one of the highest across the globe. In April 2021, the Russian authorities announced travel regulations for citizens returning from foreign countries.
The citizens are supposed to provide PCR test 3 days after arrival in Russia and self-isolate until the test results are received. The citizens are also expected to post results of a second PCR test within 5 days on Unified Portal for State and Municipal services.
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Target buyers of Russia 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 country-level data and insights on the Russia covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Russia covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Russia covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Russia COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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