The global COVID-19 detection kits and consumables market is expected to reach $5.2 billion by the end of 2020 and reach $6.1 billion by 2021 at a rate of 17.3%. The growth is mainly attributed to the COVID-19 outbreak and the urgent need to diagnose and treat the growing number of cases. The growth was significant in the first quarter; however, it has slightly declined since the end of April 2020 due to the restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. Slowdowns in even one large industrial component can have a domino effect throughout the country. The entire supply chain from production to international trade has been impacted. The current demand has outpaced supply. The market is expected to stabilize and reach $6.8 billion in 2023 at rate of 9.61%.
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The market for COVID19 detection test kits & consumables consists of sales of detection test kits and consumables used for the identification of novel coronavirus (SARS-CoV-2). The market consists of revenue generated by the companies that are manufacturing detection test kits and consumables by the sales of these products.
Global COVID19 Detection Test Kits And Consumables Market Segmentation –
The COVID19 Detection Test Kits And Consumables Market report is segmented:
1) By Kits: Viral Load Testing Kits (qPCR And RT-PCR), Virus Neutralizing Assay Kits, Antibody Detection Kits, (ELISA), Viral Antigen Detection Test Kits, Others.
2) By Consumables: Swabs, Tubes, Viral Transfer Media, Reagents, Other Consumables.
3) By Specimen Type: Nose & Throat Swab, Blood, Sputum, Nasal Aspirate.
4) By End Use: Hospitals, Clinics, Public Health Labs, Private And Commercial Labs, Physicians Labs, Research Institutes, Others.
Global COVID19 Detection Test Kits And Consumables Market Driver –
With the outbreak of COVID-19 (SARS-CoV-2) worldwide, the demand for cost-effective and quick COVID-19 detection kits has escalated.
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Few Points From The Global COVID19 Detection Test Kits And Consumables Market TOC
1. Executive Summary
2. COVID19 Detection Test Kits And Consumables Market Characteristics
3. COVID19 Detection Test Kits And Consumables Market Size And Growth
3.1. Global COVID19 Detection Test Kits And Consumables Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global COVID19 Detection Test Kits And Consumables Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. COVID19 Detection Test Kits And Consumables Market Segmentation
5. COVID19 Detection Test Kits And Consumables Market Regional And Country Analysis
5.1. Global COVID19 Detection Test Kits And Consumables Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global COVID19 Detection Test Kits And Consumables Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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