Asia-Pacific (APAC) - Coronavirus Test Kits Market by End-user and Type - Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 149

SKU: IRTNTR43239

Snapshot

Asia-Pacific (APAC) - Coronavirus Test Kits Market 2023-2027

The Asia-Pacific (APAC) - Coronavirus test kits market size is estimated to decline at a CAGR of 24.44% between 2022 and 2027. The market size is forecast to decrease by USD -12.48 billion. The growth of the market depends on several factors that play a crucial role in the market's growth, such as the rise in availability of various types of test kits in APAC, the growing awareness and importance of early detection, and the Implementation of mass testing programs by governments.

This APAC coronavirus test kits market report extensively covers market segmentation by end-user (government and non-government), and type (rapid test kit, RT-PCR, and others). The report also covers an in-depth analysis of drivers, trends, and challenges.

APAC Coronavirus Test Kits Market Overview

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Key APAC Coronavirus Test Kits Market Driver

Growing awareness and importance of early detection is the key factor driving the market growth. The APAC region has been witnessing a growing awareness and emphasis on the early detection of the coronavirus, leading to an increased demand for test kits. This trend can be attributed to several factors, including the rising number of COVID-19 cases, government initiatives, and public awareness campaigns. Governments have been actively working toward expanding testing capacity and ensuring that test kits are readily available to the public.

Furthermore, the growing importance of early detection can be seen through the increasing demand for Asia-Pacific (APAC) - Coronavirus test kits market. Several local Asia-Pacific - coronavirus test kits market players have witnessed a surge in sales of test kits as the public becomes more aware of the benefits of early detection. For example, in January 2022, Mylab Discovery Solutions Pvt Ltd (Mylab Discovery Solutions) reported a sale of 0.5 million rapid test kits between 1 and 7 January 2022 in Mumbai. Therefore, these factors are expected to grow the demand for coronavirus test kits, which will propel the growth of the coronavirus APAC - test kits market during the forecast period.

Key APAC Coronavirus Test Kits Market Trends

The advent of SARS-CoV-2 mutation is the primary trend in the market. The population of circulating viral strains, also known as lineages, has undergone genetic diversity as a result of the gradual mutation of the SARS-CoV-2 virus. This genetic variation may impact the properties of the virus, such as transmission or the severity of symptoms in infected individuals. A SARS-CoV-2 coronavirus variation known as omicron first surfaced in November 2021. The WHO classified it as a variant of concern that drives the Asia-Pacific - coronavirus test kits market.

Furthermore, the omicron variant is responsible for the largest surge since 2019. Thus, the increasing number of COVID-19 variants will drive the demand for APAC - coronavirus test kits market. Thus, such factors will fuel the growth of the market in focus during the forecast period.

Key APAC Coronavirus Test Kits Market Challenge

Threats associated with counterfeit testing kits is a challenge that affects the growth of the market. Widespread testing has emerged as the need of the hour in several countries to combat the COVID-19 pandemic. However, the APAC - coronavirus test kits market is facing challenges due to the availability and sales of counterfeit products. Private clinics, labs, and go-between distributors in several countries, such as Italy, India, the UK, the US, and Spain, are engaged in the illegal trading of counterfeit coronavirus testing kits.

Furthermore, the complex nature of the supply chain and the fragmented wholesale Asia-Pacific (APAC) - COVID testing kit market are the major reasons for the sales of counterfeit test kits in several countries. Such testing kits enter diversified geographies across APAC through online sales and arrive mainly via postal or courier services in containers with forged certificates. Thus, such factors may impede the growth of the market during the forecast period.

APAC Coronavirus Test Kits Market Largest Segment Analysis

End-user

The government segment is estimated to witness significant growth during the forecast period. Government support to expedite COVID-19 diagnosis in APAC countries such as Singapore, China, South Korea, and India is likely to boost the growth of the government segment in the Asia-Pacific (APAC) - COVID testing kit market. Government regulatory authorities have eased regulatory compliance by establishing provisional authorization for new launches. This has allowed the rapid entry of new and improved testing kits in APAC.

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However, YoY growth for testing in 2021 and onwards will be low as compared to 2020. With the increasing incidences of COVID-19 owing to the COVID-19 variants, the testing will continue, which will fuel the demand for coronavirus test kits in the APAC region from government segments, which will propel the growth of the coronavirus test kits market in APAC during the forecast period.

Who are the Major APAC Coronavirus Test Kits Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3D Biomedicine Science and Technology Co. Ltd.: The company offers coronavirus test kits such as ANDiS SARS -Cov-2 RT-qPCR Detection Kit, ANDiS SARS -Cov-2 and Influenza A B RT-qPCR Detection Kit, and ANDis 350 automated nucleic acid extraction system.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The APAC coronavirus test kits market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

End-user Outlook
- Government
- Non-government

Type Outlook
- Rapid test kit
- RT-PCR
- Others

APAC Coronavirus Test Kits Market Scope
Report Coverage	Details
Page number	149
Base year	2022
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of 24.44%
Market growth 2023-2027	USD -12.48 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	-15.64
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	3D Biomedicine Science and Technology Co. Ltd., Abbott Laboratories, altona Diagnostics GmbH, BGI Group, Bio Rad Laboratories Inc., CAMTECH DIAGNOSTICS, Co Diagnostics Inc., Danaher Corp., Denka Co. Ltd., Edinburgh Genetics Ltd., F. Hoffmann La Roche Ltd., Genes2Me Pvt. Ltd., Guangzhou Wondfo Biotech Co. Ltd., Hologic Inc., JN Medsys Pte. Ltd., KogeneBiotech, Kurabo Industries Ltd., Maccura Biotechnology Co. Ltd., Mylab Discovery Solutions Pvt Ltd., QIAGEN NV, Sd Biosensor Inc., Seegene Inc., SolGent Co. Ltd., Sysmex Corp., Tata Sons Pvt. Ltd., and Thermo Fisher Scientific Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this APAC Coronavirus Test Kits Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on APAC: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)

5.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user

5.3 Government - Market size and forecast 2022-2027
- Exhibit 29: Chart on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Government - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Government - Year-over-year growth 2022-2027 (%)

5.4 Non-government - Market size and forecast 2022-2027
- Exhibit 33: Chart on Non-government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Non-government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Non-government - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Non-government - Year-over-year growth 2022-2027 (%)

5.5 Market opportunity by End-user
- Exhibit 37: Market opportunity by End-user ($ billion)
- Exhibit 38: Data Table on Market opportunity by End-user ($ billion)

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 39: Chart on Type - Market share 2022-2027 (%)
- Exhibit 40: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 41: Chart on Comparison by Type
- Exhibit 42: Data Table on Comparison by Type

6.3 Rapid test kit - Market size and forecast 2022-2027
- Exhibit 43: Chart on Rapid test kit - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Data Table on Rapid test kit - Market size and forecast 2022-2027 ($ billion)
- Exhibit 45: Chart on Rapid test kit - Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Rapid test kit - Year-over-year growth 2022-2027 (%)

6.4 RT-PCR - Market size and forecast 2022-2027
- Exhibit 47: Chart on RT-PCR - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on RT-PCR - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on RT-PCR - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on RT-PCR - Year-over-year growth 2022-2027 (%)

6.5 Others - Market size and forecast 2022-2027
- Exhibit 51: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type
- Exhibit 55: Market opportunity by Type ($ billion)
- Exhibit 56: Data Table on Market opportunity by Type ($ billion)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)

8.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison

8.3 India - Market size and forecast 2022-2027
- Exhibit 62: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 63: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on India - Year-over-year growth 2022-2027 (%)

8.4 China - Market size and forecast 2022-2027
- Exhibit 66: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2022-2027 (%)

8.5 Japan - Market size and forecast 2022-2027
- Exhibit 70: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2022-2027 (%)

8.6 South Korea - Market size and forecast 2022-2027
- Exhibit 74: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Chart on South Korea - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

8.7 Rest of APAC - Market size and forecast 2022-2027
- Exhibit 78: Chart on Rest of APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Data Table on Rest of APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Chart on Rest of APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Rest of APAC - Year-over-year growth 2022-2027 (%)

8.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
- Exhibit 83: Data Table on Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption

10.4 Industry risks
- Exhibit 87: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 88: Vendors covered

11.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification

11.3 3D Biomedicine Science and Technology Co. Ltd.
- Exhibit 90: 3D Biomedicine Science and Technology Co. Ltd. - Overview
- Exhibit 91: 3D Biomedicine Science and Technology Co. Ltd. - Product / Service
- Exhibit 92: 3D Biomedicine Science and Technology Co. Ltd. - Key offerings

11.4 Abbott Laboratories
- Exhibit 93: Abbott Laboratories - Overview
- Exhibit 94: Abbott Laboratories - Business segments
- Exhibit 95: Abbott Laboratories - Key news
- Exhibit 96: Abbott Laboratories - Key offerings
- Exhibit 97: Abbott Laboratories - Segment focus

11.5 altona Diagnostics GmbH
- Exhibit 98: altona Diagnostics GmbH - Overview
- Exhibit 99: altona Diagnostics GmbH - Product / Service
- Exhibit 100: altona Diagnostics GmbH - Key offerings

11.6 BGI Group
- Exhibit 101: BGI Group - Overview
- Exhibit 102: BGI Group - Product / Service
- Exhibit 103: BGI Group - Key offerings

11.7 Bio Rad Laboratories Inc.
- Exhibit 104: Bio Rad Laboratories Inc. - Overview
- Exhibit 105: Bio Rad Laboratories Inc. - Business segments
- Exhibit 106: Bio Rad Laboratories Inc. - Key news
- Exhibit 107: Bio Rad Laboratories Inc. - Key offerings
- Exhibit 108: Bio Rad Laboratories Inc. - Segment focus

11.8 Co Diagnostics Inc.
- Exhibit 109: Co Diagnostics Inc. - Overview
- Exhibit 110: Co Diagnostics Inc. - Product / Service
- Exhibit 111: Co Diagnostics Inc. - Key news
- Exhibit 112: Co Diagnostics Inc. - Key offerings

11.9 Denka Co. Ltd.
- Exhibit 113: Denka Co. Ltd. - Overview
- Exhibit 114: Denka Co. Ltd. - Business segments
- Exhibit 115: Denka Co. Ltd. - Key news
- Exhibit 116: Denka Co. Ltd. - Key offerings
- Exhibit 117: Denka Co. Ltd. - Segment focus

11.10 Edinburgh Genetics Ltd.
- Exhibit 118: Edinburgh Genetics Ltd. - Overview
- Exhibit 119: Edinburgh Genetics Ltd. - Product / Service
- Exhibit 120: Edinburgh Genetics Ltd. - Key offerings

11.11 F. Hoffmann La Roche Ltd.
- Exhibit 121: F. Hoffmann La Roche Ltd. - Overview
- Exhibit 122: F. Hoffmann La Roche Ltd. - Business segments
- Exhibit 123: F. Hoffmann La Roche Ltd. - Key news
- Exhibit 124: F. Hoffmann La Roche Ltd. - Key offerings
- Exhibit 125: F. Hoffmann La Roche Ltd. - Segment focus

11.12 Guangzhou Wondfo Biotech Co. Ltd.
- Exhibit 126: Guangzhou Wondfo Biotech Co. Ltd. - Overview
- Exhibit 127: Guangzhou Wondfo Biotech Co. Ltd. - Product / Service
- Exhibit 128: Guangzhou Wondfo Biotech Co. Ltd. - Key offerings

11.13 Hologic Inc.
- Exhibit 129: Hologic Inc. - Overview
- Exhibit 130: Hologic Inc. - Business segments
- Exhibit 131: Hologic Inc. - Key news
- Exhibit 132: Hologic Inc. - Key offerings
- Exhibit 133: Hologic Inc. - Segment focus

11.14 Maccura Biotechnology Co. Ltd.
- Exhibit 134: Maccura Biotechnology Co. Ltd. - Overview
- Exhibit 135: Maccura Biotechnology Co. Ltd. - Product / Service
- Exhibit 136: Maccura Biotechnology Co. Ltd. - Key offerings

11.15 Mylab Discovery Solutions Pvt Ltd.
- Exhibit 137: Mylab Discovery Solutions Pvt Ltd. - Overview
- Exhibit 138: Mylab Discovery Solutions Pvt Ltd. - Product / Service
- Exhibit 139: Mylab Discovery Solutions Pvt Ltd. - Key offerings

11.16 QIAGEN NV
- Exhibit 140: QIAGEN NV - Overview
- Exhibit 141: QIAGEN NV - Product / Service
- Exhibit 142: QIAGEN NV - Key news
- Exhibit 143: QIAGEN NV - Key offerings

11.17 Thermo Fisher Scientific Inc.
- Exhibit 144: Thermo Fisher Scientific Inc. - Overview
- Exhibit 145: Thermo Fisher Scientific Inc. - Business segments
- Exhibit 146: Thermo Fisher Scientific Inc. - Key news
- Exhibit 147: Thermo Fisher Scientific Inc. - Key offerings
- Exhibit 148: Thermo Fisher Scientific Inc. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 149: Inclusions checklist
- Exhibit 150: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 151: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 152: Research methodology
- Exhibit 153: Validation techniques employed for market sizing
- Exhibit 154: Information sources

12.5 List of abbreviations
- Exhibit 155: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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