Global COVID-19 Detection Kits Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global COVID-19 Detection Kits Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global COVID-19 detection kits market has been segmented on the basis of product & service, sample type, mode, end-use, as well as regions and countries.
A COVID-19 detection kit is a one-step, real-time test intended for the qualitative detection of nucleic acid from SARS-COV-2 in oropharyngeal and nasopharyngeal swab specimens, anterior nasal and mid-turbinate nasal swabs, nasopharyngeal washes/aspirates or nasal aspirates, as well as bronchoalveolar lavage and sputum samples from individuals who are suspected of COVID-19 by a healthcare provider.
The development and use of kits and apps in conjunction with tracking programs for mass testing, and the implementation of centralized approaches to gather detailed data concerning the symptoms and risks of infection is a primary factor that is expected to fuel the revenue growth of the global COVID-19 detection kits market in the foreseeable future. Moreover, the utility of serology tests has risen greatly in recent times, and this is also expected to contribute to the future market growth of this global industry.
Another factor that is slated to have a profound impact on the revenue growth of the global COVID-19 detection kits market is the opening-up of mobile testing centers in various respective countries as an approach to curb the trajectory of this virus, which in turn, is resulting in the increased demand for products such as these.
However, in light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global COVID-19 detection kits industry is no different, and experienced a fair amount of difficulty in the initial phase of the pandemic. Although, as more private and government bodies were roped-in to tackle this issue, the blow dealt by the pandemic has been drastically lessened, and product demand increased exponentially. This factor is expected to have a profound influence on the revenue growth of this global market in the near future.
Furthermore, the incorporation of advanced technologies by key industry players to develop improved and more effective detection kits, as well as the numerous collaborations among players to increase their respective manufacturing and supply capabilities are factors that are anticipated to boost the revenue growth of the global COVID-19 detection kits market in the coming years.
Segmentation of the global COVID-19 detection kits market is as follows:
In terms of product, the RT-PCR assay kits segment accounted for the maximum number of revenue shares of the global COVID-19 detection kits market in 2020, owing to their ability to offer a rapid, less painful detection method with higher volume testing. The immunoassays test strips segment is slated to index the fastest rate of revenue growth over the forecast period, due to benefits such as no requirement for expensive equipment, and chemicals or trained specialists.
On the basis of sample, the nasopharyngeal swabs segment constituted the majority number of revenue shares of the global COVID-19 detection kits market in 2020, owing to the high usage of these types of tests.
With respect to mode, the centralized or laboratory testing segment accounted for the highest number of revenue shares in 2020, as a greater number of samples can be processed using this approach, while ensuring that the quality and integrity of the tests carried out are maintained. The PoC testing segment is also slated to register high revenue growth over the next decade.
Based on end-use, the laboratories segment accounted for the maximum number of revenue shares of the global COVID-19 detection kits market in 2020, and is anticipated to continue to do so over the forecast period. The diagnostic centers & clinics segment is slated to index the fastest rate of revenue growth in the coming years.
Regional Segmentation and Analysis:
The markets in the Asia Pacific region accounted for the highest number of revenue shares of the global COVID-19 detection kits market in 2020. This can be attributed to the implementation of mass testing programs and the increase in the number of diagnostic testing facilities in this region. However, North America is anticipated to register the fastest rate of revenue growth in the near future, as this region has accounted for the highest number of COVID-19 positive cases in the world, as of the first week of September, 2020.
Segmentation of the Global COVID-19 Detection Kits Market:
Segmentation by Product & Service:
- RT-PCR Assay Kits
- Immunoassay Test Strips/ Cassettes
Segmentation by Sample Type:
- Nasopharyngeal (NP) Swab
- Oropharyngeal (OP) Swab
- Nasal Swab
Segmentation by Mode:
- Decentralized or Point-of-Care (PoC) Testing
- Centralized Testing (Non-PoC)
Segmentation by End-Use:
- Diagnostic Centers and Clinics
Segmentation by Regions:
- North America
- South America
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- F. Hoffmann-La Roche AG
- Perkin Elmer Inc.
- Thermo-Fisher Scientific Inc.
- Veredus Laboratories
- DiaSorin S.p.A.
- altona Diagnostics GmbH
- Mylab Discovery Solutions Pvt Ltd.
- Abbott Laboratories
- Luminex Corporation
- Quidel Corporation
- Becton, Dickinson and Company
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