NEW YORK, Oct. 11, 2022 /PRNewswire/ -- Technavio has been monitoring the test kits market for coronavirus testing market and it is expected to decrease by USD -13.39 bn during 2021-2026, decelerating at a CAGR of -4.57% during the forecast period.
The increasing spread of COVID-19 globally, increasing screening of passengers in airports, and government regulations for healthcare service providers will offer immense growth opportunities. However, poor healthcare settings in developing countries, inaccuracy associated with rapid diagnostic tests, and threats associated with counterfeit testing kits will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.
Test Kits Market for Corona Virus Testing Market Segmentation
Test Kits Market for Corona Virus Testing Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our test kits market for coronavirus testing market report covers the following areas:
This study identifies Increasing initiatives from start-ups as one of the prime reasons driving the test kits market for coronavirus testing market growth during the next few years. Buy Sample Report.
Test Kits Market for Corona Virus Testing Market Vendor Analysis
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
To find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.
Test Kits Market for Corona Virus Testing Market Key Highlights
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Test Kits Market For Corona Virus Testing Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Decelerate at a CAGR of -4.57%
Market growth 2022-2026
$-13.39 billion
Market structure
Fragmented
YoY growth (%)
25.0
Regional analysis
Europe, Asia, North America, and Rest of World (ROW)
Performing market contribution
Rest of World (ROW) at 10%
Key consumer countries
US, UK, Spain, Russia, and India
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Abbott Laboratories, Advaite Inc., Beijing Innotec Biotechnology Co. Ltd., BGI Group, Bio Rad Laboratories Inc., Biomedomics Inc., bioMerieux SA, Cellex Inc., Chembio Diagnostics Inc., Danaher Corp., Dynamiker Biotechnology Tianjin Co. Ltd., F. Hoffmann La Roche Ltd., Henry Schein Inc., Mayo Medical Laboratories, Mylab Discovery Solutions Pvt Ltd., Ortho Clinical Diagnostics plc, QIAGEN NV, Robert Bosch GmbH, Safecare Biotech Hangzhou Co. Ltd, Siemens AG, and Thermo Fisher Scientific Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/
SOURCE Technavio
Link:
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