Spain Covid-19 Diagnostics Market Size & Outlook
Spain covid-19 diagnostics market, 2020-2030 (US$M)
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Spain covid-19 diagnostics market highlights
- The Spain covid-19 diagnostics market generated a revenue of USD 488.9 million in 2023 and is expected to reach USD 115.0 million by 2030.
- The Spain market is expected to grow at a CAGR of -18.7% 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 488.9 million |
| Market revenue in 2030 | USD 115.0 million |
| Growth rate | -18.7% (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, Spain accounted for 1.5% 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 |
|---|
Spain 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 67.21% in 2023. Horizon Databook has segmented the Spain covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
Spain has been one of the severely hit countries in Europe and has been ramping up testing for COVID19. Several companies in the country are entering into strategic alliances for product development and commercialization of the products.
For instance, in September 2020, Cer Test Biotec and Plex Medical collaborated for development, manufacturing, and supply of COVID-19 tests. Cer Test Biotec is involved in the production and development of COVID-19 PCR & rapid antigen test.
In March and April 2020, the Spanish government stopped use of Chinese testing kits in the country due to their poor accuracy rates. This created an opportunity for other companies operating in the country to increase the production of testing kits and ensure disease containment.
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Target buyers of Spain 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 Spain covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Spain covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Spain covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Spain COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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