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COVID-19 Testing Kits Market 2022 Size with Top Countries Industry Chain Structure, Competitive Landscape, Future Trends, New Projects and Forecasts up to 2027
The COVID-19 Testing Kits Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global COVID-19 Testing Kits Market Size is Projected to Reach at a CAGR of 24% during 2022-2027.
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Market Overview:
The immunoassay test strips segment garnered over 29% market share in 2020 owing to surging demand for a rapid diagnostic test. These are antibody or antigen-based testing and take a few minutes to show the test result. The higher necessity for test strips/cassettes is also due to easy to conduct test procedures and ease in access that do not entail extremely trained authorities. However, positive results are usually precise but negative outcomes may need to be confirmed with a molecular test. Since the test results are not fully reliable, these tests are mostly used for surveillance testing in suspected portions of the population. The oropharyngeal swab segment held around 27% COVID-19 detection kits market share in 2020, due to the wide availability and high sensitivity of the oropharyngeal swab. A high number of different viral contaminations are identified in the oropharyngeal swab as compared to other samples. The high yield of oropharyngeal swabs is crucial for appropriate pathogen detection.
Top Leading Companies:
Beijing Genomics Institute, Zhijiang biology, Sansure, Shanghai Huirui Biotechnology, Geneodx, Shanghai BioGerm Medical Biotechnology, Da An Gene, Wondfo, INNOVITA
Recent Development:
BGI-Shenzhen ("BGI") and Complete Genomics, Inc. (Nasdaq: GNOM) ("Complete") announced today that they have obtained clearance from the Committee on Foreign Investment in the United States ("CFIUS") regarding BGI's proposed acquisition of Complete pursuant to the previously announced Agreement and Plan of Merger, dated as of September 15, 2012, among BGI, Beta Acquisition Corporation and Complete. BGI's financial advisor is Citi, and its legal counsel is O'Melveny & Myers LLP. Complete's financial adviser is Jefferies & Company, and its legal counsel is Latham & Watkins LLP.
Sansure Biotech Inc is a company mainly engaged in research and development, production and sales of diagnostic reagents and instruments. The Company's diagnostic reagent products are comprised of viral hepatitis series, reproductive tract infection and genetic series, pediatric infection series and nucleic acid blood screening series. The instrument products include automatic nucleic acid detection reaction system construction series and fluorescent polymerase chain reaction (PCR) monitoring and analysis software. The Company also provides related inspection services, including medical inspection and scientific research services which are provided for medical institutions.
COVID-19 Testing Kits Market Segmentation by Type:
Hospital
Scientific Research
Diagnostic Center
COVID-19 Testing Kits Market Segmentation by Application:
igM
Others
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North America COVID-19 Testing kits market:
North America COVID-19 Testing kits market size was over USD 4.8 billion in 2020. Regional market demand is primarily credited to the strong foothold of COVID-19 detection kits manufacturers in the region along with a large number of COVID-19 diseased patients. Moreover, increasing healthcare expenditure to provide better healthcare facilities and technological advancements will foster market growth.
Regional COVID-19 Testing Kits Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the COVID-19 Testing Kits Market Report:
Detailed overview of COVID-19 Testing Kits Market
Changing the COVID-19 Testing Kits market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected COVID-19 Testing Kits market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of COVID-19 Testing Kits Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the COVID-19 Testing Kits Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. COVID-19 Testing Kits industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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