China Covid-19 Sample Collection Kits Market Size & Outlook
China covid-19 sample collection kits market, 2020-2030 (US$M)
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China covid-19 sample collection kits market highlights
- The China covid-19 sample collection kits market generated a revenue of USD 295.4 million in 2022 and is expected to reach USD 73.1 million by 2030.
- The China market is expected to grow at a CAGR of -16% 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.
Covid-19 sample collection kits market data book summary
| Market revenue in 2022 | USD 295.4 million |
| Market revenue in 2030 | USD 73.1 million |
| Growth rate | -16% (CAGR from 2022 to 2030) |
| Largest segment | Swabs |
| Fastest growing segment | Swabs |
| Historical data | 2020 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 5.1% of the global covid-19 sample collection kits market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China covid-19 sample collection kits market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 54.3 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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China 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 42.82% in 2022. Horizon Databook has segmented the China 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.
The first case of COVID-19 was detected in Wuhan, China, in November 2019. Since then, the demand for COVID-19 testing swabs, transport mediums, and testing kits is increasing. The number of cases in the country had increased drastically in early 2020, which created a major demand for sample collection products.
Furthermore, China is one of the major exporters of COVID-19 test kits to other countries, which is anticipated to contribute to Asia Pacific’s overall market growth and increased production of swabs & transport mediums in the country.
More than 100 companies from China are exporting COVID-19 test kits. As of March 2020, 102 Chinese companies received approval to market their products in the European market. Nanjing Liming Bio-products and BGI are two of the leading companies exporting COVID-19 testing kits to France, Italy, Austria, Spain, Hungary, Iran, Japan, South Korea, and Saudi Arabia.
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Our clientele includes a mix of covid-19 sample collection kits market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China covid-19 sample collection kits market , including forecasts for subscribers. This country databook contains high-level insights into China covid-19 sample collection kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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China covid-19 sample collection kits market size, by product, 2020-2030 (US$M)
China Covid-19 Sample Collection Kits Market Outlook Share, 2022 & 2030 (US$M)
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