COVID-19 Diagnostic Testing Market 2020 Expert Reviews and Therapeutic Research Outlook 2025 | Abbott Diagnostics, Accelerate Diagnostics, Ador Diagnostics, Akkoni Biosystems, Alveo Technologies, Applied BioCode

The Global COVID-19 Diagnostic Testing Market is estimated to be valued at USD 44481.8 million for the year 2020 owing to rapid increase in number of coronavirus cases across the globe which boosts the demand for COVID-19 diagnostic tests. The COVID-19 diagnostic tests are critical in the management of the current pandemic for accurate diagnosis as well as to tackle the spread of the infection. Also, Global COVID-19 Diagnostic Testing market in terms of COVID-19 Tests is expected to reach the number of 329.17 million in year 2020.

In March 2020, the Food and Drug Administration (FDA) gave Emergency Use Authorization (EUA) to the first POC test-Xpert Xpress test made by Cepheid-for COVID-19 analysis. Abbott and Chembio Diagnostics are among the dynamic market players working for the purpose of care commercial center. The WHO has encouraged healthcare organizations to focus on COVID-19 indicative testing in light of this emergency.

The companies are also adopting profitable strategic moves to gain a competitive edge in the market. For example, in May 2020, Quest Diagnostics announced its collaboration with Ortho Clinical Diagnostics aimed at expansion of COVID-19 antibody testing across more than 20 laboratories of Quest throughout U.S. The company applied VITROS Immunodiagnostic Products Anti-SARS-CoV-2 IgG Test of Ortho to ramp up the coronavirus testing in patients.

Among the Test Type segment in the COVID-19 Diagnostic Testing market (Molecular Tests, Serology Tests), Molecular Test type segment has been gaining popularity among other segments. Robust funding and speculations by public as well as private organizations are relied upon to impel molecular diagnostic organizations to create COVID-19 symptomatic products, in this way driving the market. Based on End-User segment, Private or Commercial labs segment holds the major share in the COVID-19 diagnostic testing market followed by Public health labs and hospitals. Due to the growing number of COVID-19 cases across the globe, it has become imperative for the government of the various countries to involve a greater number of private or commercial firms in providing diagnostic testing in order to enhance the testing capacity to detect the virus.

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The prominent players in the global COVID-19 Diagnostic Testing market are:

Abbott Diagnostics, Accelerate Diagnostics, Ador Diagnostics, Akkoni Biosystems, Alveo Technologies, Applied BioCode, Aus Diagnostics, BD Diagnostics, Biocartis, BioFire Diagnostics, bioMrieux, Bio-Rad Laboratories, Bosch Healthcare Solutions GmbH, Cepheid, Co-Diagnostics, Cue Health, Curetis, Diagenode Diagnostics, Diascopic, Diasorin, Expedeon, Fusion Genomics., GenePOC Diagnostics, GenMark Dx, Hologic, Immunexpress, Inflammatix, Invetech, Janssen Diagnostics

Market segment by Types:

Immunoassay
Genomic and WGS Role
rRT-PCR

Market segment by Applications:
Hospital
Laboratory
 Top of FormMarket Segmentation by Region:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America

Global COVID-19 Diagnostic Testing Market Overview

The report considers the various factors based on secondary sources, market size, key data parameters such as the market positioning of key players in terms of the regional revenue, segmental revenue. Geographic penetration also shows the market potential, market risk, industry trends, and opportunities. Secondary sources mainly include journals, companies’ annual reports, website, public and paid databases, and press releases.

There are some useful suggestions and recommendations provided in the report that will help players to strengthen their market position. The report serves its readers both ways, i.e. by offering quick data and information and by providing comprehensive analysis. This helps the report to cater to the needs or expectations of different buyers. Moreover, the report can be customized according to the requirements of buyers. Market players use it to plan out new strategies or amend their existing ones for improving sales and profit margins.

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Furthermore, Global COVID-19 Diagnostic Testing Market following points are involved along with a detailed study of each point: –

– Global COVID-19 Diagnostic Testing Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global COVID-19 Diagnostic Testing Market competition by Manufacturers (2020-2026)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers (2020-2026)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global COVID-19 Diagnostic Testing Market Effect Factors Analysis (2020-2026)

– Global COVID-19 Diagnostic Testing Market Forecast (2020-2026)

– Global COVID-19 Diagnostic Testing Market Research Findings and Conclusion

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

The research includes historic data from 2015 to 2020, and forecast to 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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