Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global COVID-19 diagnostics industry is anticipated to rise significantly in the forecast period owing to the rising innovation and introduction of new technologies for faster and more efficient testing of SARS-CoV-2. This can be attributed to the rising number of active cases across the continents. The growing focus on at-home testing and integration of advanced software has significantly contributed to the industry growth.
The concept of the switch health mobile rapid testing units is likely to further aid the market as it has a potential to reach on-site factory workers and sport persons. A significant increase in the infected patients has been witnessed post ease of lockdown, owing to the resurgence of building and construction activities, sporting events, and travelling, among others. The travel and tourism industry, which was significantly affected by the pandemic, has propelled the COVID-19 testing initiatives and is likely to further bolster the market growth. The United States is currently leading the market growth as the country has performed more than 390 million tests for COVID-19.
Some of the leading players in the industry are Abbott Laboratories (NYSE: ABT) and Thermo Fisher Scientific Inc (NYSE: TMO). In 2020, companies such as LabCorp (NYSE: LH) have been looking for the U.S FDA approval for their at-home test kits. The testing method developed by LabCorp not only focusses on COVID-19, but can also detect multiple types of infections like flu and RSV. This, coupled with the growing focus of companies towards expanding their capacity and introducing ‘return-to-work’ policies through employer focused COVID-19 testing offerings, is expected to further bolster the market growth.
Market Breakup by Test Type, Product, Sample Type, Business Model, End-Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global COVID-19 diagnostics market are F. Hoffmann-La Roche Ltd, Abbott Laboratories, Thermo Fisher Scientific Inc, Guangzhou Wondfo Biotech Co., Ltd., Altona Diagnostics GmbH, and Mylab Discovery Solutions Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.