Global Coronavirus Diagnostics Market 2020-2029

Coronavirus (Cov) is a type of virus belongs to the family of viruses i.e. Coronavirinae or Torovirinae. Coronavirus is responsible for causing various illnesses ranging from a simple infection such as cold and flu to severe disease illnesses like Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS). There are few types of coronaviruses such as NL63, OC43, 229E, MERS-COV, SARS-COV, SARS-COV2, and HKU1. COVID-19 is a new strain of this family of viruses which is recently discovered in humans. Coronavirus spreads easily through the small liquid droplets from their mouth or nose which may contain virus while someone sneezes or coughs. Coronavirus is zoonotic in nature and can be transmitted between humans and animals. The indication of the coronavirus disease may include sneezing, fatigue, sore throat, runny nose, fever, cough, headaches, pneumonia, difficulty breathing or shortness of breath, persistent pain or pressure in the chest, new confusion or inability to arouse, etc.
The person's immune system plays a major role in determining the recovery from the virus. According to research, people with low immunity or those who are above 55 years of age or having major health problems are more prone to dying from this virus.

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Advancement in the biology of coronaviruses have resulted in better understanding of their capacity for adaptation to transspecies infection, new environments, and the emergence of new diseases. New technologies of cell and molecular biology have led to increased understanding of viral cell biology and intracellular replication, and the initiation in the previous five years of reverse genetic approaches to analyze and understand coronaviruses has made it possible to initiate to define the causes of transpecies adaptation, viral replication, and human disease.
The increasing research and development activities in the molecular diagnostics is the major factor expected to bolster the growth of the global Coronavirus diagnostics market over the long run. The robust initiative and favorable policies of various governments to prevent the outbreak of coronavirus is also anticipated to boost growth of the global market over the forecast period. However, high cost of research and development activities and poorly developed medical infrastructure in developing and non-developed countries may restrain growth of the global market over the forecast period.

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The global coronavirus diagnostics market is segmented on the basis of technology and end user.
Among the technology type, PCR segment is expected register a significant growth in the target market over the forecast period due to technological advancements such as highly sensitivity and more specificity than plate-based immunoassays and other technologies.
On the basis of end users, the target market is segmented into hospitals, research institutes, diagnostics centers and others.
The global coronavirus diagnostics market is segmented on the basis of region which include North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The North America contributes major share in the global market and expected to register a significant growth rate over the forecast period owing to developed medical infrastructure and favorable medical reimbursement policies in most of countries in the region and presence of leading manufacturers in the region. Europe is also expected to register moderate growth rate in the global market followed by North America. Asia Pacific is also contributed a descent share in the global market and anticipated to register a lucrative growth rate over the long run.

Global Coronavirus Diagnostics Market: Segmentation
Segmentation by Technology
RT-PCR
Others
Segmentation by End User
Hospitals
Research Institutes
Diagnostics Centers
Others

Segmentation by Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
others

Global Coronavirus Diagnostics Market: Key Players
Roche Diagnostics
Danaher
Thermo Fisher Scientific
Biom?rieux
Becton, Dickinson and Company
Novacyt Group
Co-Diagnostics, Inc.
Bio-Rad Laboratories
PerkinElmer
Epitope Diagnostics, Inc.

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