COVID-19 Diagnostics - Global Market Outlook (2020-2027)
According to Stratistics MRC, the Global COVID-19 Diagnostics Market is accounted for $16.80 billion in 2020 and is expected to reach $31.18 billion by 2027 growing at a CAGR of 9.2% during the forecast period. Rise in number of cases of COVID-19 patients across the globe and requirement to ensure accurate test results are the major factors driving the market growth. However, lack of knowledge about corona virus, its symptoms, and its ability to spread is restraining the market growth.
COVID-19 is an infectious disease caused due to Corona virus. Its symptoms include mild to moderate respiratory discomfort. While most may recover without any need for special treatment, the virus can cause major issues or serious illness and even death in older individuals and persons with underlying medical problems such as diabetes and cancers. As it have been the cause of numerous deaths, and infections in the past there is a urgent need for accurate diagnostic methods.
Based on test type, the molecular segment is likely to have a huge demand as it involves the extraction of viral RNA from a patient’s sample and synthesis of the complementary DNA (cDNA) followed by amplification of the viral genome. By geography, North America is going to have a lucrative growth during the forecast period due to the well-established healthcare system and several pharmaceutical companies.
Some of the key players profiled in the COVID-19 Diagnostics Market include Alveo Technologies, Accelerate Diagnostics, Abbott Diagnostics, Aus Diagnostics, Ador Diagnostics, Akkoni Biosystems , Applied BioCode, BD Diagnostics, Cue Health, Biocartis, Co-Diagnostics , BioFire Diagnostics, Cepheid, bioMerieux, Bosch Healthcare Solutions GmbH, Bio-Rad Laboratories , Curetis, GenePOC Diagnostics , Diagenode Diagnostics and GenMark Dx.
Quantity of Users Covered:
Test Types Covered:
End Users Covered:
• Public Health Labs
• Private or Commercial Labs
• Physician Labs
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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