Press release
What's driving the COVID-19 Detection Kits Market trends? Abbott Laboratories, F. Hoffmann-La Roche AG, Strategy dashboard, BGI, BioFire Diagnostics, Cepheid, Co-Diagnostics, Inc, GenMark Diagnostics, Guangzhou Wondfo Biotech Co., Ltd, Mylab Discovery Sol
COVID-19 Detection Kits Market
The COVID-19 detection kits market is slated to witness immense growth owing to the rising incidences of coronavirus infections, which is creating a substantial need for rapid testing. Give the reports of incubation period, which is of 14 days for the COVID-19, the chances of transmission of virus among people proves hard to contain, even before the symptoms are shown.
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As per the advice of health authorities, molecular based tests are generally performed if an individual is showing symptoms of COVID-19 or has arrived from a high-risk country. Rapid test kit for COVID-19 is a lateral flow of immunochromatographic assay for detecting IgG and IgM antibodies to SARS-CoV-2 in human whole blood, plasma, or serum samples. It is meant to be used as a tool in assisting the diagnosis of SARS-CoV-2 infections. It is also used as a tool for carrying out investigations that are serological epidemiological in nature.
To test the infection with SARS-CoV-2 there are two important ways. The first way is a sensitive one which looks for the RNA of the virus by using a technique namely RT-PCR. This product is useful in detecting a small virus particle in swabs which is taken from inside of nose or mouth. The second type of test usually measures the response of antibody to virus in blood serum. COVID-19 detection kits market is bifurcated in terms of product, specimen type, end-use, and regional landscape.
With respect to product, the market is classified into immunoassay test strips/cassettes and RT-PCR assay kits. Immunoassay test strips/cassettes segment is slated to exhibit around 14% CAGR between 2020 and 2026, owing to the growing cases of COVID-19 and need for rapid testing. These products are based on the principles that certain antigens will encourage very unique immune responses and that the proteins called antibodies which are produced by the immune response can further be used to signal the occurrence of a target compound in a sample.
Based on specimen type, the market is categorized into oropharyngeal swab, nasopharyngeal swab, nasal swab, and others. Oropharyngeal swab segment holds around 28% market share in 2020, owing to wide availability of test swabs. These are used for throat specimen, wherein specimen is collected by swabbing out the posterior pharynx and tonsillar area of patient.
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With respect to end-use, the market is segmented into diagnostic centers, hospitals, and others. Among these, the hospitals segment will witness around 15% CAGR between 2020 to 2026, owing to the availability of advance facilities for diagnosis. From a regional frame of reference, the Latin America COVID-19 detection kits market registered a market value of around $71 million in 2020, attributable to the rising COVID-19 incidences in Brazil and Mexico.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. COVID-19 detection kits industry 360 degree synopsis, 2020 - 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Specimen type trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. COVID-19 Detection Kits Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2020 - 2026
3.3. Industry impact forces
Chapter 4. COVID-19 detection kits Market, By Product
4.1. Key segment trends
4.2. RT-PCR assay kits
4.2.1. RT-PCR assay kits market, by region, 2020 - 2026 (USD Million)
4.2.2. RT-PCR assay kits market, by region, 2020 - 2026 (Units)
4.3. Immunoassay test strips/cassettes
4.3.1. Immunoassay test strips/cassettes market, by region, 2020 - 2026 (USD Million)
4.3.2. Immunoassay test strips/cassettes market, by region, 2020 - 2026 (Units)
Chapter 5. COVID-19 detection kits Market, By Specimen Type
5.1. Key segment trends
5.2. Nasopharyngeal swab
5.2.1. Nasopharyngeal swab market, by region, 2020 - 2026 (USD Million)
5.3. Oropharyngeal swab
5.3.1. Oropharyngeal swab market, by region, 2020 - 2026 (USD Million)
5.4. Nasal swab
5.4.1. Nasal swab market, by region, 2020 - 2026 (USD Million)
5.5. Others
5.5.1. Others market, by region, 2020 - 2026 (USD Million)
Chapter 6. COVID-19 detection kits Market, By End-use
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