Coronavirus diagnostic market is expected to gain market growth in the forecast period of 2021 to 2028.
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COVID-19 is an extremely infectious disease which is caused by the newly discovered coronavirus. Rising symptoms and conditions of the disease include mild to moderate respiratory discomfort. The virus is spread from animals to humans, and thereafter from humans to humans. Coronavirus strains have been the cause of numerous deaths, and infections in the past. The numerous regions and countries continue to face challenges in suppressing this contagion, while a sizable volume of the global population are yet to be examined or tested for this deadly virus. The sufficient availability of functional and effective COVID-19 diagnostic kits has still not been met, while the race to hinder the trajectory of this virus has become a primary need for several respective governments all over the globe.
Rising unavailability of specific medicines/ vaccines is the vital factor escalating the market growth, also increase in patient population across the globe, rising number of deaths across the world due to coronavirus have increased the demand for coronavirus diagnostic kits, rising integration of novel technologies and software solutions with COVID-19 testing, rising funding by the several governments of various countries towards the manufacture of products that are needed to diagnose, treat, and prevent spread of the COVID-19 virus and increasing safety concerns and the need to diagnose and isolate infected individuals are the major factors among others driving the coronavirus diagnostic market. Moreover, rising growth opportunities in emerging economies and rising research and development activities to further enhance the production of coronavirus diagnostics kits will further create new opportunities for coronavirus diagnostic market in the forecasted period of 2021-2028.
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Coronavirus Diagnostic Market Scope and Market Size
Coronavirus diagnostic market is segmented on the basis of type, application, technology type, product and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the coronavirus diagnostic market is segmented into molecular tests and serology tests.
- Based on application, the coronavirus diagnostic market is segmented into hospitals, public health labs, private or commercial labs and physician labs.
- Based on technology type, the coronavirus diagnostic market is segmented into antibody testing and PCR testing.
- Based on product, the coronavirus diagnostic market is segmented into PCR kits, POC kits and immunoassay.
- The coronavirus diagnostic market is also segmented on the basis of end-user into hospitals, physician's office and urgent care clinics and diagnostic labs.
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Global Coronavirus Diagnostic Market Country Level Analysis
Coronavirus diagnostic market is analysed and market size insights and trends are provided by country, type, application, technology type, product and end-user as referenced above.
The countries covered in the coronavirus diagnostic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Coronavirus Diagnostic Market Share Analysis
Coronavirus diagnostic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coronavirus diagnostic market.
The major players covered in the coronavirus diagnostic market report are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Inc., Perkin Elmer, Inc, Neuberg Diagnostics, 1DROP Diagnostics, Veredus Laboratories, ADT Biotech, altona Diagnostics GmbH, bioMérieux SA, Danaher., Mylab Discovery Solutions Pvt. Ltd., ALDATU BIOSCIENCES, Quidel Corporation., Quest Diagnostics Incorporated., Hologic, Inc, Seegene Inc., Laboratory Corporation of America Holdings., Luminex Corporation, Cepheid and Abbott. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
