COVID-19 Diagnostics Market size is expected to reach USD 50.1 billion by 2030
COVID-19 Diagnostics Industry Overview The global COVID-19 diagnostics market size was valued at USD 97.4 billion in 2021 and is expected to decline at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The market is driven by rising government initiatives targeted toward the implementation of mass testing. On 1st September 2020, Hong Kong began voluntary mass testing with the help of healthcare personnel from mainland China. Around 1.78 million Hong Kong citizens were tested as of 15th September 2020. Moreover, despite the several criticisms over mass testing, on 11th September 2020, the British government announced its plan for mass coronavirus testing in the U.K. Additionally, increased traction gained by mobile testing market space is expected to open new avenues for market expansion. Transitioning focus of new entrants toward at-home testing and integration of advanced software has been witnessed in the past few months. This is expected ...