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Global COVID-19 Detection PoC Kits Market to reach USD 1.97 billion by 2028.

Global COVID-19 Detection PoC Kits Market Size study, by Sample Handling {RNA Extraction System (Rapid Testing Kits, RT-PCR Testing)}, By Sample Type (Nasopharyngeal (NP) swab, Oropharyngeal (OP) swab, Nasal Swabs, Saliva), By End-use (Hospitals, Home Care, Diagnostic Centers and Clinics, Others) and Regional Forecasts 2022-2028

Product Code: HLSMD-20753786
Publish Date: 14-08-2022
Page: 200

Global COVID-19 Detection PoC Kits Market is valued approximately USD 3.45 billion in 2021 and is anticipated to grow with a healthy growth rate of more than -7.7% over the forecast period 2022-2028. The rising product approvals by regulatory bodies, the enormous demand for quick diagnostics, and government testing for coronavirus are the primary factors driving the COVID-19 market expansion. There has been an upsurge in demand for diagnostic solutions since the outbreak of the new coronavirus illness. Confirmatory tests detect viruses quickly and aid in avoiding spread by isolating a patient. The WHO had authorized almost 400 tests and collection kits as of July 2022, including 235 molecular, 88 antibody, and 34 antigen assays. Furthermore, the paradigm change toward PoC testing is projected to boost the market for COVID-19 detection PoC kits forward. PoC testing provides accurate, real-time, lab-quality diagnostic findings in patient care environments such as hospitals, urgent care centres, clinics, and emergency rooms. In response to the SARS-CoV-2 pandemic, various diagnostic test inventors have been working on cheap and speedy PoC COVID-19 diagnostic assays to allow testing outside of laboratory settings. IIT Kharagpur will introduce COVIRAP, a nucleic acid-based proof-of-concept diagnostic device for viral diseases such as SARS-CoV-2, in April 2021. This proof-of-concept gadget created by main researcher Dr. Arindam Mondal, prof. Suman Chakraborty, and their research team has been licensed for commercialization by Bramerton Holdings LLC in the United States and the Rapid Diagnostic Group of Companies in India. This gadget provides results in 45 minutes utilizing saliva/nasal swab samples. Furthermore, a rise in financing and investment by various commercial and governmental entities to accelerate the development of POC SARS-CoV-2 diagnostic tests is expected to enhance the growth of the COVID-19 detection PoC kit market. Various groups, for example, banded together to aid Africa in its fight against COVID-19. The World Bank announced plans to deliver USD 39 billion in financial support to African countries in April 2021. It also announced a USD 2.9 billion investment for the acquisition and deployment of mRNA vaccines in 41 African nations. The development of Covid-19 Vaccines, on the other hand, stifles market growth throughout the projection period of 2022-2028.

The key regions considered for the Global COVID-19 Detection PoC Kits Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe held a significant revenue share of the market. This is due to the large number of COVID-19 cases combined with the quick scaling of COVID-19 testing in the region. According to statistics provided by the WHO in June 2022, the number of daily COVID-19 cases in the region has increased by 6%. The European Centre for Disease Prevention and Control predicts a fresh wave of omicron infection that will spread across the EU. As with earlier waves, an increase in coronavirus infections might lead to an increase in hospitalizations and fatalities. This would expand testing in the region, increasing demand for COVID-19 diagnostic technology.

Major market player included in this report are:s
Abbott Laboratories
Mylab Discovery Solutions Pvt. Ltd.
Convergent Technologies
Thermo Fisher Scientific, Inc.
F. Hoffmann-La Roche
Cue health Inc.
SD Biosensor Inc.
Quest Diagnostics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sample Handling:
RNA Extraction System
Rapid Testing Kits
RT-PCR Testing
By Sample Type:
Nasopharyngeal (NP) swab
Oropharyngeal (OP) swab
Nasal Swabs
By End-use:
Home Care
Diagnostic Centers and Clinics

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global COVID-19 Detection PoC Kits Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. COVID-19 Detection PoC Kits Market, by Region, 2020-2028 (USD Billion)
1.2.2. COVID-19 Detection PoC Kits Market, by Sample Handling, 2020-2028 (USD Billion)
1.2.3. COVID-19 Detection PoC Kits Market, by Sample Type, 2020-2028 (USD Billion)
1.2.4. COVID-19 Detection PoC Kits Market, by End Use, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global COVID-19 Detection PoC Kits Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global COVID-19 Detection PoC Kits Market Dynamics
3.1. COVID-19 Detection PoC Kits Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing product approvals by a regulatory body Government testing towards coronavirus
3.1.2. Market Challenges Development of COVID-19 Vaccines
3.1.3. Market Opportunities Paradigm shift toward PoC testing
Chapter 4. Global COVID-19 Detection PoC Kits Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global COVID-19 Detection PoC Kits Market, by Sample Handling
6.1. Market Snapshot
6.2. Global COVID-19 Detection PoC Kits Market by Sample Handling, Performance – Potential Analysis
6.3. Global COVID-19 Detection PoC Kits Market Estimates & Forecasts by Sample Handling 2018-2028 (USD Billion)
6.4. COVID-19 Detection PoC Kits Market, Sub Segment Analysis
6.4.1. RNA Extraction System Rapid Testing Kits RT-PCR Testing
Chapter 7. Global COVID-19 Detection PoC Kits Market, by Sample Type
7.1. Market Snapshot
7.2. Global COVID-19 Detection PoC Kits Market by Sample Type, Performance – Potential Analysis
7.3. Global COVID-19 Detection PoC Kits Market Estimates & Forecasts by Sample Type 2018-2028 (USD Billion)
7.4. COVID-19 Detection PoC Kits Market, Sub Segment Analysis
7.4.1. Nasopharyngeal (NP) swab
7.4.2. Oropharyngeal (OP) swab
7.4.3. Nasal Swabs
7.4.4. Saliva
Chapter 8. Global COVID-19 Detection PoC Kits Market, by End Use
8.1. Market Snapshot
8.2. Global COVID-19 Detection PoC Kits Market by End Use, Performance – Potential Analysis
8.3. Global COVID-19 Detection PoC Kits Market Estimates & Forecasts by End Use 2018-2028 (USD Billion)
8.4. COVID-19 Detection PoC Kits Market, Sub Segment Analysis
8.4.1. Hospitals
8.4.2. Home Care
8.4.3. Diagnostic Centers and Clinics
8.4.4. Others
Chapter 9. Global COVID-19 Detection PoC Kits Market, Regional Analysis
9.1. COVID-19 Detection PoC Kits Market, Regional Market Snapshot
9.2. North America COVID-19 Detection PoC Kits Market
9.2.1. U.S. COVID-19 Detection PoC Kits Market Sample Handling breakdown estimates & forecasts, 2018-2028 Sample Type breakdown estimates & forecasts, 2018-2028 End Use breakdown estimates & forecasts, 2018-2028
9.2.2. Canada COVID-19 Detection PoC Kits Market
9.3. Europe COVID-19 Detection PoC Kits Market Snapshot
9.3.1. U.K. COVID-19 Detection PoC Kits Market
9.3.2. Germany COVID-19 Detection PoC Kits Market
9.3.3. France COVID-19 Detection PoC Kits Market
9.3.4. Spain COVID-19 Detection PoC Kits Market
9.3.5. Italy COVID-19 Detection PoC Kits Market
9.3.6. Rest of Europe COVID-19 Detection PoC Kits Market
9.4. Asia-Pacific COVID-19 Detection PoC Kits Market Snapshot
9.4.1. China COVID-19 Detection PoC Kits Market
9.4.2. India COVID-19 Detection PoC Kits Market
9.4.3. Japan COVID-19 Detection PoC Kits Market
9.4.4. Australia COVID-19 Detection PoC Kits Market
9.4.5. South Korea COVID-19 Detection PoC Kits Market
9.4.6. Rest of Asia Pacific COVID-19 Detection PoC Kits Market
9.5. Latin America COVID-19 Detection PoC Kits Market Snapshot
9.5.1. Brazil COVID-19 Detection PoC Kits Market
9.5.2. Mexico COVID-19 Detection PoC Kits Market
9.6. Rest of The World COVID-19 Detection PoC Kits Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Abbott Laboratories Key Information Overview Financial (Subject to Data Availability) Sample Handling Summary Recent Developments
10.2.2. Mylab Discovery Solutions Pvt. Ltd.
10.2.3. Convergent Technologies
10.2.4. Thermo Fisher Scientific, Inc.
10.2.5. F. Hoffmann-La Roche
10.2.6. Cepheid
10.2.7. BGI
10.2.8. Cue health Inc.
10.2.9. SD Biosensor Inc.
10.2.10. Quest Diagnostics
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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