Coronavirus Rapid Testing Kits Market: By Test Type (RT PCR Test, Rapid Antigen Test, Rapid Antibody Test, and Others), By Test Components (PCR Machines and Equipment, Extraction Kits and Reagents, and Others), By Sample Type (Nasopharyngeal Swab, Oropharyngeal Swab, Nasal Swab, Blood, and Others), By End-Users (Hospitals and Clinics, Diagnostic Laboratories, Home Care, and Others), and Geography

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Coronavirus rapid testing kits Market size was valued at USD 17,936.5 million in 2022 and is anticipated to grow at a CAGR of -11.6 % over 2023-2029. Coronavirus rapid testing kits are diagnostic tools designed to detect the presence of the coronavirus quickly and efficiently, specifically the virus responsible for the COVID-19 disease caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). These testing kits are used to identify active infections in individuals by detecting viral genetic material or specific proteins associated with the virus. Rapid testing kits are designed to provide results in a shorter timeframe compared to traditional laboratory-based testing methods, allowing for swift and timely identification of potential infections.

The increasing number of COVID-19 cases and the emergence of different variants worldwide have significantly fueled the growth of the coronavirus rapid testing kits market. As the pandemic continues to evolve, the demand for rapid testing solutions has intensified. The higher prevalence of cases necessitates efficient and widespread testing to identify infections promptly, especially in areas with surges in transmission. Additionally, the emergence of new variants of the virus has highlighted the need for rapid testing to quickly identify and track these variants. Moreover, timely detection and containment are instrumental drivers behind the revenues generated in the coronavirus rapid testing kits market. By detecting infections in a matter of minutes to hours, these testing kits facilitate the rapid isolation and treatment of infected individuals, effectively curtailing the spread of the virus within communities and high-risk environments. This quick containment helps reduce the strain on healthcare resources, prevents overwhelming hospital capacities, and minimizes the impact on public health systems.

However, false-negative or false-positive results can lead to misdiagnoses and potential consequences for patient care and public health efforts. These accuracy and sensitivity concerns significantly hamper the market growth. Meanwhile, developing rapid testing kits that can detect specific variants of the virus creates lucrative opportunities for the growth of the coronavirus rapid testing kits market. Key market players have developed novel solutions to cater to the rising demand from the healthcare industry. For example, in July 2021, Abbott launched a COVID-19 home test kit in India for detecting the SARS-CoV-2 virus in both adults and children, with or without symptoms.

Coronavirus Rapid Testing Kits Market Key Developments:        
  • In June 2022, Genes2Me launched CoviEasy, a self-test rapid antigen kit for COVID-19 that provides results within 10 minutes and is easy to use.
  • In May 2021, Mylab Discovery Solutions received the Indian Council of Medical Research’s (ICMR) approval for the country’s first self-use rapid antigen test for Covid-19, CoviSelf.

Coronavirus Rapid Testing Kits Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

11.6%

Largest Market

North America

Fastest Growing Market

North America

Coronavirus Rapid Testing Kits Market Dynamics

Convenience and accessibility are the significant drivers of growth of the coronavirus rapid testing kits market revenues. The development of COVID-19 rapid testing kits that can be used in several settings such as workplaces, hospitals, homes, and other places makes testing for COVID-19 convenient and accessible. Therefore, as the cases of COVID-19 increase, the demand for these rapid testing kits surges. In addition, the reopening of schools and educational institutions further increased the demand for coronavirus rapid testing kits. The government is providing free rapid testing kits to schools and other educational organizations for regular testing of the students and staff to keep all the schools open and stop the spreading of COVID-19. This new initiative by the government is significantly increasing the demand for the coronavirus rapid testing kits, ultimately surging the market growth. 

Coronavirus Rapid Testing Kits Market Segmentation

By Test Type

  • RT PCR Test
  • Rapid Antigen Test
  • Rapid Antibody Test
  • Others

By Test Components

  • PCR Machines and Equipment
  • Extraction Kits and Reagents
  • Others

By Sample Type

  • Nasopharyngeal Swab
  • Oropharyngeal Swab
  • Nasal Swab
  • Blood
  • Others

By End User

  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Home Care
  • Others

Frequently Asked Questions

The coronavirus rapid testing kits market size was valued at USD 17,936.5 million in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

New variant detection and expanding the availability of user-friendly home testing kits are some of the key opportunities for companies to enhance their revenue over the forecast years.

The creation of more accurate, sensitive, and reliable rapid testing technologies, addressing concerns about false-negative and false-positive results stands out as a significant trend within the coronavirus rapid testing kits market.

Abbott, Hoffmann-La Roche AG, Danaher Corporation, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Qiagen, BioMérieux SA, Siemens AG, GenMark, BGI Group, Genes2Me are a few companies operating in coronavirus rapid testing kits market.

Key Features of the Report

  • The coronavirus rapid testing kits market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Coronavirus Rapid Testing Kits Market Introduction 
2.1.Global Coronavirus Rapid Testing Kits Market  - Taxonomy
2.2.Global Coronavirus Rapid Testing Kits Market  - Definitions
2.2.1.By Test Type
2.2.2.By Test Components
2.2.3.By Sample Type
2.2.4.By End User
2.2.5.By Region
3.Global Coronavirus Rapid Testing Kits Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Coronavirus Rapid Testing Kits Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Coronavirus Rapid Testing Kits Market  By Test Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. RT PCR Test
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Rapid Antigen Test
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Rapid Antibody Test
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Coronavirus Rapid Testing Kits Market  By Test Components, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. PCR Machines and Equipment
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Extraction Kits and Reagents
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Others
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Coronavirus Rapid Testing Kits Market  By Sample Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Nasopharyngeal Swab
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Oropharyngeal Swab
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Nasal Swab
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Blood
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Coronavirus Rapid Testing Kits Market  By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Hospitals and Clinics
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Diagnostic Laboratories
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Home Care
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Others
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
9.Global Coronavirus Rapid Testing Kits Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Coronavirus Rapid Testing Kits Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Test Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.RT PCR Test
10.1.2.Rapid Antigen Test
10.1.3.Rapid Antibody Test
10.1.4.Others
10.2.  Test Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.PCR Machines and Equipment
10.2.2.Extraction Kits and Reagents
10.2.3.Others
10.3.  Sample Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Nasopharyngeal Swab
10.3.2.Oropharyngeal Swab
10.3.3.Nasal Swab
10.3.4.Blood
10.3.5.Others
10.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Hospitals and Clinics
10.4.2.Diagnostic Laboratories
10.4.3.Home Care
10.4.4.Others
10.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Coronavirus Rapid Testing Kits Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Test Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.RT PCR Test
11.1.2.Rapid Antigen Test
11.1.3.Rapid Antibody Test
11.1.4.Others
11.2.  Test Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.PCR Machines and Equipment
11.2.2.Extraction Kits and Reagents
11.2.3.Others
11.3.  Sample Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Nasopharyngeal Swab
11.3.2.Oropharyngeal Swab
11.3.3.Nasal Swab
11.3.4.Blood
11.3.5.Others
11.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Hospitals and Clinics
11.4.2.Diagnostic Laboratories
11.4.3.Home Care
11.4.4.Others
11.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Coronavirus Rapid Testing Kits Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Test Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.RT PCR Test
12.1.2.Rapid Antigen Test
12.1.3.Rapid Antibody Test
12.1.4.Others
12.2.  Test Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.PCR Machines and Equipment
12.2.2.Extraction Kits and Reagents
12.2.3.Others
12.3.  Sample Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Nasopharyngeal Swab
12.3.2.Oropharyngeal Swab
12.3.3.Nasal Swab
12.3.4.Blood
12.3.5.Others
12.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Hospitals and Clinics
12.4.2.Diagnostic Laboratories
12.4.3.Home Care
12.4.4.Others
12.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Coronavirus Rapid Testing Kits Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Test Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.RT PCR Test
13.1.2.Rapid Antigen Test
13.1.3.Rapid Antibody Test
13.1.4.Others
13.2.  Test Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.PCR Machines and Equipment
13.2.2.Extraction Kits and Reagents
13.2.3.Others
13.3.  Sample Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Nasopharyngeal Swab
13.3.2.Oropharyngeal Swab
13.3.3.Nasal Swab
13.3.4.Blood
13.3.5.Others
13.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Hospitals and Clinics
13.4.2.Diagnostic Laboratories
13.4.3.Home Care
13.4.4.Others
13.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Coronavirus Rapid Testing Kits Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
14.1. Test Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.RT PCR Test
14.1.2.Rapid Antigen Test
14.1.3.Rapid Antibody Test
14.1.4.Others
14.2.  Test Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.PCR Machines and Equipment
14.2.2.Extraction Kits and Reagents
14.2.3.Others
14.3.  Sample Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Nasopharyngeal Swab
14.3.2.Oropharyngeal Swab
14.3.3.Nasal Swab
14.3.4.Blood
14.3.5.Others
14.4.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Hospitals and Clinics
14.4.2.Diagnostic Laboratories
14.4.3.Home Care
14.4.4.Others
14.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Abbott
15.2.2.Hoffmann-La Roche AG
15.2.3.Danaher Corporation
15.2.4.Bio-Rad Laboratories, Inc.
15.2.5.Thermo Fisher Scientific Inc.
15.2.6.Qiagen
15.2.7.BioMérieux SA
15.2.8.Siemens AG
15.2.9.GenMark
15.2.10.BGI Group
15.2.11.Genes2Me
16. Research Methodology 
17. Appendix and Abbreviations 
  • Abbott
  • Hoffmann-La Roche AG
  • Danaher Corporation
  • Bio-Rad Laboratories, Inc.
  • Thermo Fisher Scientific Inc.
  • Qiagen
  • BioMérieux SA
  • Siemens AG
  • GenMark
  • BGI Group
  • Genes2Me

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