COVID-19 Diagnostics Market Size, Share & Growth Chart by 2033

Research Methodology – COVID-19 Diagnostics Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the COVID-19 Diagnostics Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the COVID-19 Diagnostics Market is developed by integrating key market indicators and macroeconomic variables. These include:

1 Factors considered while calculating market size and share

The number of COVID-19 test kits produced and sold worldwide.
Revenue acquired from the sale of COVID-19 diagnostic kits, laboratory services, and home testing kits.
Distribution and adoption rate of these test kits across various regions.
Government policies regarding the COVID-19 testing and steps taken for mass testing.
Cost of the COVID-19 diagnostic tests.
Availability of different types of diagnostic tests (Antigen test, Antibody test, RT-PCR, etc.).
Nature of the competition in the COVID-19 diagnostics market.
Presence of relevant substitute products or services.

2 Key Market Indicators

The increasing number of confirmed COVID-19 cases globally.
Level of COVID-19 testing and positivity rate in various countries.
Technological advancements in COVID-19 diagnostic testing methods.
Funding and investment in COVID-19 research and diagnostic development.
Introduction of rapid testing and home testing kits in the market.
Trends in procuring COVID-19 diagnostic resources in the healthcare sector.
Growth in telehealth and remote patient monitoring systems during the pandemic.

3 Growth Trends

The increased demand for rapid diagnostic testing kits.
Expansion of production capacity by leading diagnostic kit manufacturers due to high demand.
Increased research and development activities in the COVID-19 diagnostic segment.
Continued demand for COVID-19 testing kits due to the emergence of new virus strains.
The rise in home testing kits and point-of-care testing options.
Growth of digital health and remote services to monitor quarantined and isolated patients.
Integration of advanced technologies such as Artificial Intelligence and Machine Learning for faster and accurate diagnosis.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the COVID-19 Diagnostics Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the COVID-19 Diagnostics Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: