The Global Coronavirus Diagnostics Market is anticipated to grow at a substantial CAGR during the forecast period 2020-2025. The global market is witnessing a spike in the growth rate owing to sudden outbreak of COVID-19 across different parts of the globe. Also, lack of primary testing kits in the market as per the rapidly growing market demand is also adding an impetus to the global market growth over the forecast period.
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As per some studies, it was anticipated that SARS-COV-2 is responsible for the novel coronavirus disease (COVID-19) worldwide and the disease causing virus can be transferred in human being through respiratory droplets and contact routes, through direct or indirect contact with infected person that include toughing contaminated surfaces and in some cases of it can be transmitted through faeces—where a COVID-19 patient suffers from intestinal infections, as per the scientific brief published by the World Health Organization on 29th March 2020.
As per the Our World in Data, on January 21, 2020, there were 392 total confirmed cases recorded at global level, which on April 3, 2020, there were ~1 million confirmed cases of COVID-19 at global level. Reportedly, the world is facing a rapid growth in number of infected patients with this contagious disease. There is a huge a rapid demand in testing kits—a type of diagnostic method to detect COVID-19. Various research organizations, government organizations, private companies and other related organizations are aggressively working to invent and manufacture various kinds of coronavirus diagnostic kits.
Segmentation Overview of the Global Coronavirus Diagnostics Market
TheGlobal Coronavirus Diagnostics Market is segmented on the basis of User, Type of Test, Time Duration and End Use. These major segments are further categorized into various sub-segments to study the market in detail.
The User Segment of the Global Coronavirus Diagnostics Market is Sub-Segmented into:
The Type of Test Segment of the Global Coronavirus Diagnostics Market is Sub-Segmented into:
The Time Duration Segment of the Global Coronavirus Diagnostics Market is Sub-Segmented into:
- Less Than 20 Minutes
- 20-60 Minutes
- 1 Hours to 12 Hours
- 13 Hours to 24 Hours
- More than 24 Hours
The End Use Segment of the Global Coronavirus Diagnostics Market is Sub-Segmented into:
- Public Health Labs
- Private Labs
- Physician Labs
Geographical Overview of the Global Coronavirus Diagnostics Market
Region wise, the global coronavirus diagnostics market is analysed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Turkey, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, ASEAN and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). As per the analysis, the North American market is estimated to witness significant regional growth during the forecast period, owing to the presence of numerous research laboratories, and biotechnology and pharmaceutical companies in the region.
Key Players Insights
Altona Diagnostics, Mylab, Thermo Fischer Scientific, Ortho-Clinical Diagnostics, PerkinElmer, GSK Biologicals, Qiagen, Hologic, Mammoth Biosciences, bioMérieux, Lonza, Beckman Coulter, Roche Diagnostics, Becton, Dickinson and Company, Bio-Rad Laboratories, Abbott and Cepheid Inc., are some major players included in the research study of the global coronavirus diagnostics market. These market players are adopting various competitive strategies to get a competitive edge in the global market. The market players are launching novel services and developing advanced technologies to compete in the global market.
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