Dublin, July 15, 2021 (GLOBE NEWSWIRE) -- The "Global Coronavirus Testing Kits Market, By Type of Test (Molecular v/s Serological), By Use (Multiple Test v/s Single Test), By Full Test Time, By Technology, By Specimen Type, By Mobility, By End Use, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Coronavirus Testing Kits Market was valued USD50697.36 million in 2020 due to the rising cases and need for testing
The Global Coronavirus Testing Kits Market is driven by the increasing prevalence of infectious diseases across different parts of the globe. Additionally, governments across the globe are trying to avail testing kits in the shortest time so that they can quickly test for the disease and take necessary precautions and provide treatment to combat its spread.
Furthermore, various pharmaceutical and biotechnology companies are collaborating to increase the production of coronavirus testing kits. This in turn is anticipated to positively impact the market growth.
The ongoing novel coronavirus disease (COVID-19) is caused due to SARS-COV-2 and generally spreads from animals to humans and then from humans to humans. The disease usually spreads from saliva droplets or the nose discharges of the infected person when they cough or sneeze. The first case of the disease was reported in December 2019 in Wuhan, China and since then it has spread to various parts of the world, infecting millions.
The Global Coronavirus Testing Kits Market is segmented based on type of test, use, full test time, technology, specimen type, mobility, end-user, company and region. Based on technology, the market can be categorized into RT-PCR, Rapid Diagnostics Test, ELISA test and others. The RT-PCR segment is anticipated to dominate the market during the forecast period on account of its accuracy, specificity and sensitivity.
Additionally, RT-PCR can detect as little as one virus particle present in the swab. Based on end-user, the market can be fragmented into public health labs, hospitals, private or commercial labs, physician labs, others. The private or commercial labs segment is expected to register significant growth since such laboratories have got approval in many countries for aggressive COVID-19 testing.
Europe dominates the Global Coronavirus Testing Kits Market owing to the presence of many pharmaceutical and biotechnology companies such as Altona Diagnostics GmbH, Roche Holding AG, Siemens, among others in the region, which are rapidly manufacturing and supplying coronavirus testing kits. Additionally, Europe was the first region to develop RT-PCR based coronavirus testing kits.
Companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in March 2020, Abbott Laboratories announced the launch of a small and portable coronavirus test kit, which can detect if someone is infected, in just 5 minutes and can be used in almost any healthcare setting.
Major players operating in the Global Coronavirus Testing Kits Market include
Altona Diagnostics GmbH
Roche Holding AG
Getein Biotech Inc.
Hangzhou Biotest Biotech Company Ltd.
AmonMed Biotechnology Co. Ltd.
Beijing Tigsun Diagnostics Co. Ltd.
CTK Biotech Inc.
Hunan Lituo Biotechnology Co. Ltd.
Vivacheck Labaratories Inc.
Thermo Fisher Scientific Inc.
Seegene Technologies Inc.
FastSense Diagnostics Pvt. Ltd.
Quest Diagnostics Inc.
Becton Dickinson and Company
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026F
Key Target Audience:
Coronavirus testing kits manufacturers, suppliers, distributors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to coronavirus testing kits
Market research and consulting firms
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Coronavirus Testing Kits Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness (Aided/Unaided)
5.2. Customer Satisfaction Analysis
5.3. Pricing Analysis
6. Global Coronavirus Testing Kits Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type of Test (Molecular v/s Serological)
6.2.2. By Use (Multiple Test v/s Single Test)
6.2.3. By Full Test Time (5 Hours-12Hours, 1 Hours- 5 Hours,15-60Minutes, Less than 15 Minutes,12 Hours-24Hours, More Than 1 Day)
6.2.4. By Technology (RT-PCR, Rapid Diagnostic Test, ELISA test, Others)
6.2.5. By Specimen Type (Nasopharyngeal specimen, Oropharyngeal specimen, Blood, Sputum, Others)
6.2.6. By Mobility (Stationary v/s Mobile)
6.2.7. By End Use (Public Health Labs, Hospitals, Private or commercial Labs, Physician Labs, Others)
6.2.8. By Company (2020)
6.2.9. By Region
6.3. Product Market Map
7. Europe Coronavirus Testing Kits Market Outlook
8. Asia-Pacific Coronavirus Testing Kits Market Outlook
9. North America Coronavirus Testing Kits Market Outlook
10. Middle East and Africa Coronavirus Testing Kits Market Outlook
11. South America Coronavirus Testing Kits Market Outlook
12. Market Dynamics
13. Market Trends & Developments
14. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/ib73o2
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