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COVID-19 Self-Testing Kit Market

COVID-19 Self-Testing Kit Market Size, Share, and Growth Report By Availability (Over the Counter, and Prescription Based, By Testing Technology (Molecular/PCR/RNA Test, Antigen Test, and Antibody Test), By Sample Type (Nasopharyngeal & Throat Swab, and Blood Test), By Collection Kit (Nasal or Cheek Swab Test, and Saliva Test), By Application (Drugstores, Supermarkets, and Convenience Stores, Online Shopping, Medical Institutions), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

COVID-19 Self-Testing Kit Market: Overview

The global COVID-19 self-testing kit market size was worth USD xx billion in 2022 and is estimated to grow to USD xx billion by 2030, with a CAGR of approximately xx % over the forecast from 2023 to 2030.

The World Health Organization (WHO) has declared a pandemic due to the novel coronavirus known as SARS-CoV2, or severe acute respiratory syndrome. It has spread throughout the world. RT-PCR and nucleic acid amplification assays (NAAT) are used to check for viral genetic material in the patient’s sample to identify the virus. During the pandemic’s early stages, NAAT was a popular testing option, but, these days, RT-PCR tests are frequently employed because of their adaptable pricing, convenience, and other advantages. As of April 25, 2022, there had been 509,909,397 confirmed cases of COVID-19, causing 6 219,996 recorded deaths worldwide. Self-testing kits are quite popular because they are more dependable, effective, high yielding, and compatible with a wide variety of input samples, including blood, cells, tissues, plasma, saliva, and microorganisms. There has been a huge increase in investments in this field due to the widespread use of at-home self-testing kits in identifying numerous illness indications. As a result, it is predicted that these factors will fuel market expansion over the projection period.

COVID-19 Impact:

The COVID-19 outbreak is anticipated to have a modest effect on the market during the forecasted timeframe. The market expansion was probably destined to be slowed down by research and development efforts to determine the harm that the SARS-CoV-2 virus poses to sick individuals. The COVID-19 outbreak has significantly hampered the ability of the global healthcare system to address non-communicable diseases. Providing effective care is difficult. Governments worldwide are working to offer patients outstanding, high-quality healthcare due to being aware of the unsettling healthcare trends. Lockdowns across the country, postponed or canceled elective surgeries, refusal of wound care services, an increase in COVID-19, and a rise in COVID may cause a fall during the anticipated timeline. On the other hand, the forecast’s second half is expected to see a sharp increase.

COVID-19 Self-Testing Kit Market Drivers:

In the past, even for simple issues, people frequently visited hospitals. However, this habit has changed, and the tendency has reversed as awareness of several items has expanded. Instead of going to the doctor, individuals perform their basic tests at home with test kits. Since more people are choosing COVID-19 self-testing kits due to the restrictions in place, this has become even more obvious due to the epidemic. Since hospitals are already overburdened, they can now focus just on COVID-19 patients, and patients may avoid expensive doctor visits and medication costs; it has turned out to be a blessing in disguise for both hospitals and patients. Thus, all these factors

COVID-19 Self-Testing Kit Market: Restraints

The results’ correctness is never completely certain. Self-testing COVID-19 kits may be more convenient than visiting a hospital or doctor’s office. Additionally, it will lessen the chance that you’ll contract or spread the coronavirus during your screening. Even if a test result is falsely positive, the person may experience fear and anxiety. Receiving misleading positive or negative findings can be extremely upsetting and disturbing to the person. Numerous businesses now create COVID-19 rapid diagnostic test kits that may be used at home; however, due to several accuracy-related problems, their distribution has been halted while their dependability is tested.

COVID-19 Self-Testing Kit Market: Segmentation

The global COVID-19 self-testing kit market is segregated based on availability, testing technology, sample type, collection kit, Application, and region.

Based on availability, the market is divided into over-the-counter and prescription based. Among these, the over-the-counter category led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Due to the test’s ease of use and affordability compared to PCR testing, COVID-19 self-test kits are currently a widely available over-the-counter option that will lead to a considerable increase in testing. Thus, compared to PCR testing alone, over-the-counter assays can detect a lot more COVID-19 cases overall. Over-the-counter (OTC) testing is expanding due to the rise in viral illnesses and other diseases like diabetes. These tests are easily available and cheaply priced at any hospital or pharmacy facility. These exams now offer a significantly higher degree of accuracy and dependability. The development of the global OTC test market is also significantly influenced by people’s growing health consciousness. A growing number of people worldwide are increasingly concerned with their physical health and fitness.

Based on sample type, the market is divided into nasopharyngeal & throat swabs, and blood tests. The nasopharyngeal & throat swab category dominated the market in 2021 because NP swabs are frequently used for molecular testing. The service providers have contracted with swab producers for many swabs, enabling them to increase their testing capacity. For instance, in August 2020, the Commonwealth of Virginia and the UVA School of Engineering worked together to acquire 60,000 nasopharyngeal swabs each week to support high-priority coronavirus testing.

COVID-19 Self-Testing Kit Market: Regional Landscape

In 2021, North America dominated the market for COVID-19 self-testing kits because a growing number of healthcare organizations are employing these self-testing kits to identify various dangerous ailments brought on by viruses. The profitability is backed up by the function self-testing home kits play in value-based healthcare. Inadequate testing of COVID-19 in North America is also probably caused by testing backlogs, reagent shortages, and limited hospital access. On the other hand, the US Food and Drug Administration (FDA) is swiftly approving COVID-19 self-testing kits.

COVID-19 Self-Testing Kit Market: Competitive Landscape

Some of the main competitors dominating the global COVID-19 self-testing kit market include- Cue Health, Quidel, Abbott, Lucira, Ellume, SD Biosensor, Roche, Bione, Bosch, Vitagene, Vault Health, 1Health.io, Phosphorus Diagnostics, Everlywell, PrivaPath Diagnostics, LabCorp, Fulgent Genetics, Spectrum Solutions, Detect, and Quest Diagnostics.

Recent Developments:

  • October 2020: Recently, Abbott Laboratories developed a rapid point-of-care (POC) testing kit for COVID-19 identification that will function on the business’ ID NOWTM platform and deliver prompt results in various healthcare settings, including urgent care centers, doctor’s offices, and hospital emergency rooms.
  • April 2020: A quick at-home COVID-19 self-testing kit from Bione was just released, and it is essential for quick coronavirus screening as it provides accurate results in minutes.

Global COVID-19 Self-Testing Kit Market is segmented as follows:

COVID-19 Self-Testing Kit Market by Availability

  1. Over the Counter
  2. Prescription Based

COVID-19 Self-Testing Kit Market by Testing Technology

  1. Molecular/PCR/RNA Test
  2. Antigen Test
  3. Antibody Test

COVID-19 Self-Testing Kit Market by Sample Type

  1. Nasopharyngeal & Throat Swabs
  2. Blood Test

COVID-19 Self-Testing Kit Market by Collection Kit

  1. Nasal or Cheek Swab Test
  2. Saliva Test

COVID-19 Self-Testing Kit Market by Application

  1. Drugstores
  2. Supermarkets and Convenience Stores
  3. Online Shopping
  4. Medical Institutions
  5. Others

COVID-19 Self-Testing Kit Market by Region

  1. North America
    • The U.S.
    • Canada
    • Mexico
  2. Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  3. Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Southeast Asia
  4. The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  5. Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Frequently Asked Questions

There has been a huge increase in investments in this field due to the widespread use of at-home self-testing kits in identifying numerous illness indications. As a result, it is predicted that these factors will fuel market expansion over the projection period.
According to the report, the global COVID-19 self-testing kit market size was worth USD xx billion in 2022 and is estimated to grow to USD xx billion by 2030, with a compound annual growth rate (CAGR) of approximately xx % over the forecast period.
In 2021, North America dominated the market for COVID-19 self-testing kits because a growing number of healthcare organizations are employing these self-testing kits to identify various dangerous ailments brought on by viruses.
Some of the main competitors dominating the global COVID-19 self-testing kit market include- Cue Health, Quidel, Abbott, Lucira, Ellume, SD Biosensor, Roche, Bione, Bosch, Vitagene, Vault Health, 1Health.io, Phosphorus Diagnostics, Everlywell, PrivaPath Diagnostics, LabCorp, Fulgent Genetics, Spectrum Solutions, Detect, and Quest Diagnostics.

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