openPR Logo
Press release

COVID-19 Diagnostics Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027

04-28-2021 06:36 PM CET | Health & Medicine

Press release from: Orion Market Research

Global COVID-19 Diagnostics market is estimated to reach $9.4 billion in 2027, by growing at a CAGR of -21.6% during the forecast period (2021-2027). The global COVID-19 diagnostic market is expected to grow significantly owing to the increasing number of COVID-19 cases, cohesive government initiatives and investment, development of new diagnostic tests, and the regional government approvals. A massive surge in testing will be witnessed in all the affected economies around the globe. Moreover, an increment in testing will be witnessed in emerging economies such as India, China, Brazil, among others, as compared to the 2020 YoY level. However, a downfall is expected to be witnessed in 2020 in developed economies, including the US, Germany, UK, France, Spain, Italy, Canada, among others. It is due to the control on the COVID-19 cases by these economies, rapid manufacturing, and distribution of the vaccine among its population, and decrement in the overall cost of diagnostic tests all across the globe.

(Get 15% Discount on Buying this Report)

A full report of COVID-19 Diagnostics Market is available at: https://www.omrglobal.com/industry-reports/covid-19-diagnostics-market

Expansion of COVID-19 testing facilities
In terms of increasing the accessibility of testing at several locations, the government of the countries is particularly focusing on the expansion of their testing centers. Apart from aiming to increase access to testing among the population, this initiative aims to prevent further spread of novel coronavirus. For instance, on 24th April 2020, as part of the UK government initiative to expand testing for thousands of more key workers at the National Health Service (NHS) and others, the COVID-19 mobile testing facility was opened on the Isle of Wight.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/covid-19-diagnostics-market

This facility has been arranged through close collaboration working with the Local Resilience Forum (LRF) to support key workers who have started to experience symptoms of COVID-19 in the past five days, to access local facilities, instead of having to travel to the mainland. The free testing facility is also provided by the government to encourage suspected people to know the status of their condition. On 30th June 2020, Bavaria (German state) declared that it is offering free of charge COVID-19 tests to all its residents. Under the rules, free tests are available in the country for people with symptoms including fever and the country’s 16 states performed frequent tests among high-risk groups such as hospitals, retirement homes, and daycare centers.

Scope of the Global COVID-19 Diagnostics Market

Market Coverage

• Market number available - 2021-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Type, Technology and End user
• Regions Covered- North America (US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World (Middle East and Africa, Latin America)
• Competitive Landscape- Abbott Laboratories Inc., biomérieux SA, Cellex Inc., Cepheid Inc., F. Hoffman-La Roche AG, Laboratory Corp. of America Holdings, Luminex Corp., PerkinElmer Inc., Mylab Discovery Solutions Pvt Ltd., Thermo Fisher Scientific Inc.

Recent Strategic Initiatives in the Global COVID-19 Diagnostics Market

• In the first week of August 2020, Abbott reported that it has shipped 6.5 million of its rapid ID NOW coronavirus tests, 5.6 million of its molecular lab tests (m2000 and Alinity m), and more than 13 million ARCHITECT and Alinityi COVID-19 antibody tests, which were launched in mid-April 2020, as its third COVID-19 tests, to customers across the US.
• In April 2020, ADT Biotech received a license for the LyteStar 2019-nCoV RT-PCR Kit and the LyteStar SARS-CoV-2 RT-PCR Kit S for import in India after receiving validation by the ICMR (Indian Council of Medical Research), Ministry of Health & Family Welfare, India, and CDSCO (Central Drugs Standard Control Organisation).

Global COVID-19 Diagnostics Market-Segmentation

By Technology

• Polymerase Chain Reaction (PCR)
• Antibody or Enzyme-Linked Immunosorbent Assay (ELISA)
• Serology

By Type

• Instruments
• Reagents & Kits

By End user

• Hospitals
• Diagnostic Centers & Urgent Care Clinics
• Research Labs

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/covid-19-diagnostics-market

Global COVID-19 Diagnostics Market– Segment by Country

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• Abbott Laboratories Inc.
• biomérieux SA
• Cellex Inc.
• Cepheid Inc.
• F. Hoffman-La Roche AG
• Laboratory Corp. of America Holdings
• Luminex Corp.
• PerkinElmer Inc.
• Mylab Discovery Solutions Pvt Ltd.
• Thermo Fisher Scientific Inc
• Quidel Corp.
• Seegene Inc.
• SureScreen Diagnostics Ltd.
• Veredus Laboratories

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release COVID-19 Diagnostics Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027 here

News-ID: 2277011 • Views:

More Releases from Orion Market Research

Eggshell Membrane Market Set to Witness Significant Growth by 2033 | Eggnovations LLC (US), Park Premium Ingredients (US)
Eggshell Membrane Market Set to Witness Significant Growth by 2033 | Eggnovation …
The global Eggshell Membrane Market was valued at approximately USD 173.78 million in 2024, and is projected to reach USD 396.55 million by 2033, growing at a compound annual growth rate (CAGR) of 9.6% from 2025 to 2033. Eggshell Membrane Market Overview The Eggshell Membrane Market is experiencing significant growth, driven by increasing consumer awareness of its health benefits, particularly in joint health and skin care. This natural biopolymer, rich in proteins
Printable Solar Cells Market Set to Witness Significant Growth by 2033 | Armor Group, Dyesol Ltd (Greatcell Solar), Eight19 Ltd, Toshiba Corporation
Printable Solar Cells Market Set to Witness Significant Growth by 2033 | Armor G …
The global Printable Solar Cells Market was valued at approximately USD 1.2 billion in 2024, and is projected to reach USD 4.8 billion by 2033, exhibiting a strong compound annual growth rate (CAGR) of 16.7% from 2025 to 2033. Printable Solar Cells Market Overview The Printable Solar Cells Market is on a rapid upward trajectory, led by rising demand for flexible, lightweight, and cost-effective energy solutions. Printable photovoltaic technologies-including organic, perovskite,
Sales Enablement Software Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Sales Enablement Software Market Size Analysis, Competitive Insights, Leading Pl …
The Sales Enablement Software Market was valued at approximately USD 3.4 billion in 2024 and is projected to reach around USD 13.1 billion by 2033, growing at a compound annual growth rate (CAGR) of 14.7% from 2025 to 2033. Sales Enablement Software Market Overview The Sales Enablement Software Market is experiencing significant growth, driven by the increasing need for businesses to enhance their sales processes and improve team performance. These platforms
Feed management software Market Set to Witness Significant Growth by 2033 | Prairie Systems, Dairy Records Management Systems (DRMS)
Feed management software Market Set to Witness Significant Growth by 2033 | Prai …
The global Feed Management Software Market was estimated to be around USD 0.6 billion in 2024, and is projected to reach approximately USD 1.2 billion by 2033, growing at a compound annual growth rate (CAGR) of about 7.5% from 2025 to 2033. Feed Management Software Market Overview The Feed Management Software Market is expanding steadily as the agriculture and livestock industries shift toward digital transformation to optimize feed formulation and reduce

All 5 Releases


More Releases for Diagnostic

Rubella Diagnostic Testing Market Report 2024 - Rubella Diagnostic Testing Marke …
"The Business Research Company recently released a comprehensive report on the Global Rubella Diagnostic Testing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive
Diagnostic Electrocardiograph Market - Elevating Cardiac Care: Diagnostic Electr …
Newark, New Castle, USA: The "Diagnostic Electrocardiograph Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Diagnostic Electrocardiograph Market: https://www.growthplusreports.com/report/diagnostic-electrocardiograph-market/7804 This latest report researches the industry structure, sales, revenue,
Diagnostic Imaging Market - Empowering Precision Medicine: Harnessing the Potent …
Newark, New Castle, USA: The "Diagnostic Imaging Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Diagnostic Imaging Market: https://www.growthplusreports.com/report/diagnostic-imaging-market/7688 This latest report researches the industry structure, sales, revenue,
Rubella Diagnostic Testing Market - Advancing Rubella Control: Innovating Diagno …
Newark, New Castle, USA - new report, titled Rubella Diagnostic Testing Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Rubella Diagnostic Testing market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Rubella Diagnostic Testing market. The report offers an overview of
Tenet Diagnostic: Reshaping the Diagnostic Industry in India
Tenet Diagnostic was incorporated in 2018 with an aim to establish high-quality diagnostics laboratories across India. The company caters to both B2B and B2C. They have seven different verticals namely: End Customer (B2C), Lab to Lab Test Outsourcing, Corporates and Institutions, large management (Hospitals, Medical Colleges, and other healthcare institutions), Clinical Trials, Home Sample Collection, and Government PPP Projects. Tenet Diagnostics got its NABL certification in the fastest time and is
Diagnostic Imaging Services Market 2019 Analyzed by Top Key Players PH3 Healthca …
Big Market Research has added a report, titled, "Diagnostic Imaging Services" The report not only provides a comprehensive analysis of market overview and dynamics for the historical period, 2019-2026, but also offers global and regional forecasts on market value, volume production, and consumption during the future period, 2019-2026. The report also analyzes the key market players, especially the distributors, along with the industrial chain structure. The evolution of market trends