COVID-19 Diagnostics Market Development Trends, Key Manufacturers and Competitive Analysis 2020 - 2030

The presence of the novel Coronavirus has created panic among the general public and also huge pressure among the healthcare professionals worldwide. To test patients for COVID-19 virus, doctors make use of a long swab to obtain sample from throat or nose. The samples obtained are then sent for laboratory testing. If the patient coughs sputum, this sample may also be sent for laboratory testing. The FDA (Food and Drug Administration) has approved few at-home tests for Coronavirus. But these at-home tests are available only through the doctor’s prescription. However, factors for testing COVID-19 virus may differ from place to place. Hence, on the basis of location, the patient may required to be screened by the clinic.

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Major Key Players of the COVID-19 Diagnostics Market are:
Seegene Inc., F. Hoffmann-La Roche Ltd, altona Diagnostics GmbH, SD BIOSENSOR, Abbott, BIOMEDOMICS INC., Bio-Rad Laboratories, Inc., VivaChek Biotech (Hangzhou) Co., Ltd., Sensing Self, PTE. Ltd, Thermo Fisher Scientific, PerkinElmer Inc., among others.

However, serologic immunoassays which include rapid testing kits to detect antigens or antibodies, are gradually witnessing a surge in adoption. The growth of serological immunoassays can be attributed to the simple design of the kits which permits it to be mass-produced and make it widely available for community testing, or door-to-door testing. Moreover, the cost-effectiveness of these kits as compared to RT-PCR-based assays, are also playing a pivotal role in bolstering the growth of the serological immunoassay technique.

To keep up to the demand for testing kits used for the detection of COVID-19, pharmaceutical, and biotech companies have substantially increased production capabilities. Moreover, these companies, along with research & medical institutes, and researchers & scientists worldwide, are inventing novel technologies to speed up the testing processess further. Government bodies across the globe have also taken several initiatives to fast-track the development of such products by providing necessary grants, permissions, clearances& approvals. For instance, on March 27, 2020, the U.S. Food and Drug Administration (FDA) granted "emergency use authorization" approval to Abbott's ID NOW COVID-19 test. The ID NOW COVID-19 test provides positive results in as little as five minutes and negative results in 13 minutes and can be used for point-of-caresettings.

Major Test Types of COVID-19 Diagnostics Market covered are:
Molecular Assays
Serologic Immunoassays and Ancillary Diagnostic Tests

Major Applications of COVID-19 Diagnostics Market covered are:
Hospitals
Public Health Labs, and Private or Commercial Labs

Research objectives:-

- To study and analyze the global COVID-19 Diagnostics consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the COVID-19 Diagnostics market by identifying its various sub-segments.
- Focuses on the key global COVID-19 Diagnostics manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the COVID-19 Diagnostics with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 COVID-19 Diagnostics Market Size
2.2 COVID-19 Diagnostics Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 COVID-19 Diagnostics Market Size by Manufacturers
3.2 COVID-19 Diagnostics Key Players Head office and Area Served
3.3 Key Players COVID-19 Diagnostics Product/Solution/Service
3.4 Date of Enter into COVID-19 Diagnostics Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global COVID-19 Diagnostics Sales by Product
4.2 Global COVID-19 Diagnostics Revenue by Product
4.3 COVID-19 Diagnostics Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global COVID-19 Diagnostics Breakdown Data by End User

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In the end, COVID-19 Diagnostics industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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- https://www.medgadget.com/2020/07/covid-19-diagnostics-market-2020-research-in-depth-analysis-manufacturers-forecasts-to-2030-market-industry-reports.html

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