Asia Pacific Covid-19 Sample Collection Kits Market Size & Outlook
Asia Pacific covid-19 sample collection kits market, 2020-2030 (US$M)
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Asia Pacific covid-19 sample collection kits market highlights
- The Asia Pacific covid-19 sample collection kits market generated a revenue of USD 1,454.5 million in 2022.
- The market is expected to grow at a CAGR of -16.4% from 2023 to 2030.
- In terms of segment, swabs was the largest revenue generating product in 2022.
- Swabs is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,454.5 million |
| Market revenue in 2030 | USD 347.6 million |
| Growth rate | -16.4% (CAGR from 2022 to 2030) |
| Largest segment | Swabs |
| Fastest growing segment | Swabs |
| Historical data covered | 2020 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Viral Transport Media, Blood Collection Kits, Other Consumables Products, Swabs |
| Key market players worldwide | Becton Dickinson & Co, Thermo Fisher Scientific Inc, Labcorp Holdings Inc, Trinity Biotech PLC ADR, QuidelOrtho Corp, Quest Diagnostics Inc, Danaher Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.0% of the global covid-19 sample collection kits market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 347.6 million by 2030.
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Covid-19 Sample Collection Kits Market Scope
Covid-19 Sample Collection Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific covid-19 sample collection kits 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 sample collection kits market will help companies and investors design strategic landscapes.
Swabs was the largest segment with a revenue share of 42.53% in 2022. Horizon Databook has segmented the Asia Pacific covid-19 sample collection kits market based on viral transport media, blood collection kits, other consumables products, swabs covering the revenue growth of each sub-segment from 2020 to 2030.
With the increasing number of cases, the demand for sample collection kits is also increasing in the region. As the pandemic of SARS-CoV-2 virus started from China, the demand for sample collection kits (swabs and transport mediums) has been significantly high in the region.
Many companies operating in the region have developed COVID-19 molecular diagnostics testing kits that require testing swabs for collection of sample. These companies include Seegene, Inc., Wuxi Nest Biotechnology, Titan Biotech, Thermo Fisher Scientific, and Quidel Corporation.
The companies offering products for sample collection include Seegene, Inc., SD Biosensor, and Becton Dickinson. Such companies are anticipated to witness healthy growth by increased demand for testing swabs and transport medium.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific covid-19 sample collection kits market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific covid-19 sample collection kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific covid-19 sample collection kits market size, by country, 2020-2030 (US$M)
Asia Pacific Covid-19 Sample Collection Kits Market Outlook Share, 2022 & 2030 (US$M)
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