
Report ID: UCMIG35B2141
Report ID:
UCMIG35B2141 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the global COVID-19 sample collection kits market demonstrated a significant value of USD 6.48 billion. This market is projected to witness a steady expansion with a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030. The rise in demand for sample collection kits can be attributed to the ongoing global pandemic and the need for efficient and accurate testing methods. The increasing adoption of these kits by healthcare facilities and diagnostic laboratories, coupled with advancements in technology, are anticipated to drive market growth during the forecast period. The expanding market indicates the vital role sample collection kits play in the global fight against COVID-19.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35B2141