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The global COVID-19 diagnostics market is being aided by the growing cases of COVID-19 infections in the United States, which has performed around 390 million tests for COVID-19 as of March 2021.
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The large and growing number of coronavirus patients in nations, such as India, with a huge population base, is leading to a rapid increase in the demand for COVID-19 testing kits and diagnostic tools in the Asia Pacific region. The diagnostic facilities in the Asia Pacific have been witnessing a continuous expansion, with the government initiating mass testing programmes to tackle the pandemic. The implementation of various government initiatives, like the Indian government’s plan to expand the number of rapid action antigen kits for more rigorous detection of COVID-19, have been favourable for the growth of the COVID-19 diagnostics market.
North America is also substantially adding to the demand for COVID-19 testing kits and diagnostic tests, owing to the exorbitant number of active coronavirus patients in the United States. The United States and Canada have granted emergency use authorisation to COVID-19 diagnostic kits in order to expand the testing capacity. This has provided a further thrust to the growth of the COVID-19 diagnostics market.
COVID-19 is a single-stranded RNA coronavirus that infects the respiratory system of the human body and is generally spread through the close contact with an infected patient by coughing or sneezing. COVID-19 diagnostics refer to the processes of analysing test samples to detect either the current or recent presence of SARS-CoV-2. The diagnostic kits detect the presence of the virus or antibodies produced in response to the infection.
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By test type, the market is segmented into:
Based on product, the market is divided into the following:
On the basis of sample type, the market is segmented into:
By business model, the market is divided into:
The end uses for the market are categorised into the following segments:
The regional markets for the COVID-19 diagnostics market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The introduction of new and improved technology has helped in the active detection of coronavirus patients and checked the uncontrolled growth of infections across the world. The key players in the market have invested heavily to produce better COVID-19 testing and diagnostic kits, with improved accuracy and lower time of testing, further propelling the growth of the market. The surge of the second wave of the coronavirus pandemic around the world has alerted governments of different nations and increased the testing to better control the virus, thus, catalysing the growth of the market. The increasing initiation of drive-in and walk-through testing centres, which have made the process of testing convenient, have also accelerated the market growth for COVID-19 diagnostics.
The report gives a detailed analysis of the following key players in the global COVID-19 diagnostics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Test Type |
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Breakup by Product |
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Breakup by Sample Type |
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Breakup by Business Model |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global COVID-19 diagnostics market is being aided by the growing cases of COVID-19 infections in the United States of America, which have performed nearly 390 million tests for COVID-19 as of March 2021.
The major drivers of the market, such as the growing number of COVID-19 cases, favourable government policies, and growing investments into streamlining the diagnostic process, are aiding the market growth.
The key trends guiding the growth of the market include the growing technological advancements and increasing R&D activities.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant test types available in the market are PCR test, antigen test, and antibody test, among others.
The major products available in the market are RT-PCR assay kits and immunoassay test strips, among others.
The major sample types available in the market are nasopharyngeal swab, oropharyngeal (OP) swab, nasal swab, and blood test, among others.
The significant business models in the market are point-of-care (PoC) testing and non-point-of-care (PoC) testing.
The significant end use sectors in the market are hospitals, and diagnostic centres and clinics, laboratories, among others.
The major players in the 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.
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