Global COVID-19 Diagnostics Market to be Driven by the Growing Number of Corona Virus Cases Across the World in the Forecast Period of 2021-2026

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Global COVID-19 Diagnostics Market to be Driven by the Growing Number of Corona Virus Cases Across the World in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global COVID-19 Diagnostics Market Price, Trends, Growth, Outlook, Industry, Report and Forecast 2021-2026’, gives an in-depth analysis of the global COVID-19 diagnostics market, assessing the market based on its segments like test types, products, sample types, business modes, end-uses, and major regions. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/covid-19-diagnostics-market/requestsample

The key highlights of the report include:

Market Overview (2020-2026)

• Market Size (as of March 2021): 390 million tests for COVID-19 (United States)

The global COVID-19 diagnostics market is being driven by the rising number of COVID-19 cases in regions like the Asia Pacific, where countries like India and China have a huge population base. This factor is leading to an increased demand for COVID-19 diagnostic kits. The rapid expansion of advanced diagnostic facilities and the increasing testing programmes to counter the pandemic are likely to bolster the market growth in the forecast period. A high number of active patients of coronavirus in North America, especially in the United States of America, has led to the increased demand and approval for emergency use authorisation of COVID-19 diagnostic kits, thus, aiding the industry. Additionally, the growing R&D activities and favourable government policies are expected to provide a further impetus to the market.

Industry Definition and Major Segments

COVID-19 diagnostics is the process of analysing test samples to detect the presence of SARS-CoV-2. In response to the infection, the presence of the virus and antibodies are detected through these diagnostic kits. Various studies conducted by the public and private organisations have given evidence that SARS-CoV-2 can invade digestives system and haematological system along with respiratory system.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/covid-19-diagnostics-market

On the basis of test type, the market is segmented into:

• PCR Test
• Antigen Test
• Antibody Test
• Others

By product, the industry is segmented into:

• RT-PCR Assay Kits
• Immunoassay Test Strips
• Others

Based on sample type, the market is divided into:

• Nasopharyngeal Swab
• Oropharyngeal (OP) Swab
• Nasal Swab
• Blood Test
• Others

On the basis of business mode, the market is divided into:

• Point-of-Care (PoC) Testing
• Non-Point-of-Care (PoC) Testing

By end use, the market can be divided into:

• Hospitals
• Diagnostic Centres and Clinics
Laboratories
• Others

Market Trends

The global COVID-19 diagnostics market is expected to be driven by the technological advancements and increasing government funding for research to bolster the virus detection process and curb the spread of the pandemic. The rising number of active cases across the Asia Pacific, North America, and other regions has compelled the key players to focus on the development of diagnostic kits that have better detection capability and can give accurate result. The emergence of the second wave of coronavirus in various countries is likely to foster the process of virus detection in the forecast period, thus, aiding the growth of the industry.

Key Market Players

The major players in the market are F. Hoffmann-La Roche Ltd, Abbott Laboratories, Thermo Fisher Scientific Inc, Guangzhou Wondfo Biotech Co., Ltd., Altona Diagnostics GmbH, and Mylab Discovery Solutions Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com/), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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