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26-Apr-2021

COVID-19 Detection Kits Market CAGR, Revenue Value(USD Mn), Size, Share and Forecast (2021-2030)

Summary

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.
Editor: Krutika Bhoot Last Updated: 27-Apr-2021

Overview:

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.

Dynamics:

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.

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.

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.

Key Players: 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

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.

Browse Detailed Insights Of COVID-19 Detection Kits Market : https://marketresearch.biz/report/covid-19-detection-kits-market/