Global COVID-19 Diagnostic Market Value to cross USD 7.5 BN By 202
Posted On July 09, 2020
The report by Value Market Research on the Global COVID-19 Diagnostic Market anticipates the market growth to reach CAGR of 6% during 2020-2026. The market was valued close to USD 5 BN in 2019 and is expected to reach USD 7.5 BN by 2026. The global COVID-19 diagnostics market is driven by the rapid spread of the disease and the huge demand for detection kits. The identification and isolation of positive patients is the uttermost necessity of all the countries to prevent the further spread of the disease. The COVID-19 diagnostic market is anticipated to witness exponential rise owing to increased demand for RT-PCR and ELISA kits, growing investments by government and private sectors, and increasing product approvals by regulatory authorities.
Today, the entire world is facing the most challenging crisis COVID-19 pandemic, a respiratory disease caused by coronavirus SARS-CoV-2. As it is spreading rapidly through human to human contact, there is an urgent need for accurate COVID-19 diagnostic methods to identify and isolate positive patients to prevent the further spread of the disease. COVID-19 diagnostic includes two types of tests, molecular test, and serological test. For molecular testing, the sample taken from nasal or throat swabs is used; and the presence of nucleic acid (DNA) of the virus is detected. The molecular test is done by using the RT-PCR technique. The test shows signs of active infection and symptoms. In serological testing, the patient’s blood sample is collected and the presence of antibodies against the virus is detected. Antibodies are developed in the body as a response to the infections caused by microorganisms. Antibody testing is done by using the ELISA technique.
"Global COVID-19 Diagnostic Market Report By Type (Molecular Tests, Serology Tests), By Application (Hospitals, Public Health Labs, Private or Commercial Labs, Physician Labs) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" is an elaborate report providing market data on the basis of segments and geography. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the covid-19 diagnostic market, thus making the foundation of the report strong and reliable.
By type the covid-19 diagnostic market is divided into molecular tests, serology tests. On the basis of application the market is divided into hospitals, public health labs, private or commercial labs, physician labs.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global COVID-19 Diagnostic Market -
- Molecular Tests
- Serology Tests
- Public Health Labs
- Private or Commercial Labs
- Physician Labs
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
F. Hoffmann-La Roche AG, Seegene Inc., Cepheid, Mylab Lifesolutions Pvt. Ltd., SureScreen Diagnostics Ltd.
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