Global COVID-19 Antigen Test Market is anticipated to reach US$ 9.13 Bn by 2029 from US$ 5.76 Bn in 2022 at a CAGR of 6.8% during a forecast period.COVID-19 Antigen Test Market Overview
In the medical equipment sector, companies that make in-vitro quick diagnostic tests create COVID-19 antigen tests. The companies that make these fast test kits are largely involved in the design, research, and manufacture of rapid test kits that are used in hospitals, clinics, home health care, diagnostic laboratories, and research institutes.To know about the Research Methodology :- Request Free Sample Report
COVID-19 Antigen Test Market Dynamics
The growing demand for antibody testing is likely to boost the market for market kits. Rapid antigen testing helps public health organizations to identify people who have had COVID-19 disease in the past, learn how the disease spreads, and plan public health treatments. Abbott is known to be the largest manufacturer of Covid-19 rapid antigen testing. Abbott reported 35.3 percent year-over-year growth in the first quarter, fueled by rapid diagnostics, which increased 302.8 percent year-over-year globally. In countries like India, for example, some state governments have requested commercial and government entities to begin utilizing antigen testing as a means of preventing transmission as the country's unlock stages begin. This is expected to drive demand for the market during the forecast period. Artificial intelligence is rapidly being integrated with antigen test kits to improve diagnosis efficiency. To improve the chances of early infection diagnosis, artificial intelligence algorithms are being utilized to combine the findings of chest CT with clinical symptoms, exposure history, and laboratory tests. Thus, artificial Intelligence aids in the early detection of COVID-19 patients, improving the chance of a positive result. Antigen-based testing has moved the focus of many operational organizations from traditional PCR-based testing to antigen-based testing, which they see as a profitable source of revenue during the forecast period. Other reasons boosting the market include a scarcity of molecular testing materials, a reduced requirement for supplies, and an increase in demand for mass testing to stop SARS-CoV-2 from spreading throughout the globe.COVID-19 Antigen Test Market Segmentation Analysis
By Product & Service, in 2022, the services segment dominated the market for COVID-19 antigen testing, accounting for 49 percent of total revenue. This is due to the extensive use of fast antigen testing in a variety of contexts, including clinical laboratories, hospitals, and home health care. Various service providers began offering rapid antigen testing services in response to the rising need to combat the COVID-19 virus.Regional Insights
The Asia Pacific accounted for 37.0 percent of overall sales in 2022. The region's dominance originates from the presence of local major corporations, the active development of SARS-CoV-2 antigen testing, and the introduction of several other new products by growing start-ups. The market's growth is further aided by the region's huge population, favorable government regulations, and the entry of several new companies. The United States has launched various antigen testing efforts in response to the rising number of SARS-CoV-2 cases in the country. For example, the Centers for Disease Control and Prevention (CDC) permitted overseas visitors coming to the United States to utilize at-home SARS-CoV-2 antigen testing in May 2021. Antigen testing is expected to become more popular as a result of these reasons, resulting in increased income.COVID-19 Antigen Test Market Scope: Inquire before buying
COVID-19 Antigen Test Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.76 Bn. Forecast Period 2023 to 2029 CAGR: 6.8% Market Size in 2029: US $ 9.13 Bn. Segments Covered: by Product & Service Platforms Reagents & Kits Services by End-use Clinics & Hospitals Home Care Diagnostic Labs Others by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)COVID-19 Antigen Test Market Key Players:
1. Abbott 2. SD Biosensor Inc. 3. Mylab Discovery Solutions Pvt. Ltd 4. F. Hoffmann-La Roche AG 5. GenBody Inc. 6. Access Bio., Inc. 7. ADS biotech Inc. 8. PerkinElmer, Inc. 9. Princeton BioMeditech Corporation 10. Becton, Dickinson, and Company 11. Diasorin S.P.A 12. Quidel Corporation 13. Laboratory Corporation of America 14. F. Hoffmann-La Roche AG 15. SD Biosensor Inc Frequently Asked Questions: 1. Which region has the largest share in Global COVID-19 Antigen Test Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global COVID-19 Antigen Test Market? Ans: The Global COVID-19 Antigen Test Market is growing at a CAGR of 6.8% during forecasting period 2023-2029. 3. What is scope of the Global COVID-19 Antigen Test market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global COVID-19 Antigen Test market? Ans: The important key players in the Global COVID-19 Antigen Test Market are – Abbott, SD Biosensor Inc., Mylab Discovery Solutions Pvt. Ltd, F. Hoffmann-La Roche AG, GenBody Inc., Access Bio., Inc., ADS biotech Inc., 5. What is the study period of this market? Ans: The Global COVID-19 Antigen Test Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global COVID-19 Antigen Test Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the COVID-19 Antigen Test Market 3.4. Geographical Snapshot of the COVID-19 Antigen Test Market, By Manufacturer share 4. Global COVID-19 Antigen Test Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global COVID-19 Antigen Test Market 5. Supply Side and Demand Side Indicators 6. Global COVID-19 Antigen Test Market Analysis and Forecast, 2022-2029 6.1. Global COVID-19 Antigen Test Market Size & Y-o-Y Growth Analysis. 7. Global COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 7.1.1. Platforms 7.1.2. Reagents & Kits 7.1.3. Services 7.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 7.2.1. Clinics & Hospitals 7.2.2. Home Care 7.2.3. Diagnostic Labs 7.2.4. Others 8. Global COVID-19 Antigen Test Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 9.1.1. Platforms 9.1.2. Reagents & Kits 9.1.3. Services 9.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 9.2.1. Clinics & Hospitals 9.2.2. Home Care 9.2.3. Diagnostic Labs 9.2.4. Others 10. North America COVID-19 Antigen Test Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 12. Canada COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 13. Mexico COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 14. Europe COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 15. Europe COVID-19 Antigen Test Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 17. France COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 18. Germany COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 19. Italy COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 20. Spain COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 21. Sweden COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 22. CIS Countries COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 23. Rest of Europe COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 24. Asia Pacific COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 25. Asia Pacific COVID-19 Antigen Test Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 27. India COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 28. Japan COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 29. South Korea COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 30. Australia COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 31. ASEAN COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 32. Rest of Asia Pacific COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 33. Middle East Africa COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 34. Middle East Africa COVID-19 Antigen Test Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 36. GCC Countries COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 37. Egypt COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 38. Nigeria COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 39. Rest of ME&A COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 40. South America COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 41. South America COVID-19 Antigen Test Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 43. Argentina COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 44. Rest of South America COVID-19 Antigen Test Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product & Service, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End-use, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global COVID-19 Antigen Test Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile: Key Players 45.3.1. Abbott 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Abbott 45.5. SD Biosensor Inc. 45.6. Mylab Discovery Solutions Pvt. Ltd 45.7. GenBody Inc. 45.8. F. Hoffmann-La Roche AG 45.9. Access Bio., Inc. 45.10. ADS biotech Inc. 45.11. PerkinElmer, Inc. 45.12. Princeton BioMeditech Corporation 45.13. Becton, Dickinson, and Company 45.14. Diasorin S.P.A 45.15. Quidel Corporation 45.16. Laboratory Corporation of America 45.17. F. Hoffmann-La Roche AG 45.18. SD Biosensor Inc