Dublin, May 05, 2021 (GLOBE NEWSWIRE) -- The "COVID-19 Testing Market Update 2021: Molecular & Antigen Markets, Procedures, Mutations, Home Tests, and Other Trends" report has been added to ResearchAndMarkets.com's offering.
As the unfortunate milestone of one full year of the global COVID-19 pandemic worldwide is reached, the diagnostic industry has been changed, perhaps permanently.
Hundreds of test products are on the market to detect the virus, both for its presence and immune response. And billions of dollars have been added to the in vitrodiagnostic market. Companies have doubled and tripled revenues, bought new companies, increased manufacturing, shifted focus to infectious diseases and launched new products.
New features have been added to tests, such as variant and mutation detection, combination with flu and RSV, more specific [neutralizing] antibody detection, or ultra-large volume capacities. A new category of testing has been created that in a year is rivaling all others in the volume. And with it, the market changes a shift of top categories in IVD towards infectious disease testing and other COVID-19 related tests. This report, COVID-19 Testing Update 2021, provides the most current analyst assessment of the market for COVID-19 testing.
As part of its report data, the report includes:
Overview of disease progress, trends, developments
Mutations: What to Expect
The Arrival and Potential of Home Testing
Markets for COVID-19 Antigen Tests, 2020 and 2021
Markets for COVID-19 Molecular Test, 2020 and 2021
Markets for COVID-19 Antibody Tests, 2020 and 2021
Markets by Geography (US, Europe, Asia, ROW)
Antigen Products on the Market
PCR and Other Molecular Products on the Market
Vaccine Impact on Market
FDA Emergency Authorized Tests: Molecular, Antigen and Antibody
New companies have entered the diagnostics market sensing opportunities and to contribute to the emergency need. And some companies have grown and make expansions and acquisitions. The analyst looks at these companies and also the major IVD players and how COVID-19 has affected their performance.
Key Trends Examined in the Report
Biden Administration Plans - Already billions of dollars in spending are, and laboratory associations are asking for more. What impact will this have on no test markets?
Home Testing - Once a rarely thought of possibility in major IVD markets [outside of glucose, ovulation and a few infectious tests of low volume], COVID-19 has brought the idea of testing at home to reality, and manufacturers are developing systems and considering plans that may extend beyond this disease alone. Government financing is fueling this trend as well.
Mutations - changes to SARS-COV-2 may change the diagnostic response. The analyst examines that in a special section on variants and mutations. COVID-19 like any virus has some variants and mutations. These can affect testing results in various ways. Currently, there is no widespread emergency necessitating changes in major tests. But of note is that the U.S. is setting up protocols. On Monday, February 22, 2021, the FDA issued new guidance for SARS-CoV-2 test developers. The agency made it clear they are to consider the impact of mutations on their tests using sequencing to determine any impact.
Vaccines - As millions are vaccinated, where does that leave testing companies. IVD companies have weighed in, and we review their predictions and assess the impact vaccines have had on testing markets for other conditions such as cervical cancer and influenza.
Endemic Status - There are increasing predictions of a possible endemic status of COVID-19. That is to say, a disease with recurring outbreaks in humans. After all the endemic betacoronavirus that causes mild respiratory illness generally sees immunity last only a year.
Supply Shortages - The global pandemic demonstrated that molecular testing methods have particular supply needs that can be challenged in large-scale use. Supply shortages have plagued the U.S. response to COVID-19 testing, and the federal government is open to new ideas for solutions. The former head of COVID-19 testing response described the U.S. supply chain at the start of the pandemic as a "wreck." What are the implications for future testing?
Larger Test Volumes - As with society generally, some of the changes that have swept over lab medicine in the last year are likely to be lasting, regardless of how quickly the pandemic gets under control. This report looks at the trends in COVID-19 as they stand currently, with market estimates for 2020 and forecast for 2021 with a variety of formats.
Companies Adjust to COVID-19
Just in the last two months, COVID-19 has affected considerable change at diagnostic companies. One company has acquisitions, fortified with cash from increased sales of test kits. Others launched home testing kits.
One cash-negative company was made cash-positive, while another doubled its test capacity and yet another tripled sales of instruments. Companies not in infectious disease testing are quickly pivoting to it. The first test for asymptomatic patients was approved, and new innovative features such as saliva sampling or ultra-high throughput even CRISPR are being added to tests.
Key Topics Covered:
CHAPTER ONE: EXECUTIVE SUMMARY
SCOPE AND METHODOLOGY
MARKET OVERVIEW AND POTENTIAL
A YEAR OF COVID-19
Antigen Tests Arrive
SIZE AND GROWTH OF MARKET
CHAPTER TWO: OVERVIEW, TESTS ON THE MARKET, VENDOR DEVELOPMENTS
COVID-19 ACCELERATING POC USAGE
RECENT VENDOR DEVELOPMENTS IN COVID-19 TESTING
Urgent Care and COVID-19
CHAPTER THREE: TESTS ON THE MARKET
CHAPTER FOUR: COVID-19 TESTING MARKET
MOLECULAR TEST MARKET
ANTIGEN TEST MARKET
For more information about this report visit https://www.researchandmarkets.com/r/gg0axv
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