Global COVID-19 Testing Kit market predicted to grow with a noteworthy rate during the forecast period, 2020-2027. It is due to testing provided by clinical and epidemiological factors and linked to an assessment of the likelihood of infection. These testing provide an assessment of individuals who have had contact with a COVID-19 case. In addition to confirming the presence of the virus, regular sequencing of a percentage of specimens from clinical cases can be useful to monitor for viral genome mutations that might affect the performance of medical countermeasures, including diagnostic tests.
Moreover, technological advancement in the COVID-19 testing kit, such as allowing doctors to screen patients for the virus within 15 minutes at clinics and hospitals coupled with shortages of testing kits for testing a growing number of the affected person across the world would lead the growth of COVID-19 Testing Kit industry. According to WHO, the latest coronavirus cases worldwide are 339,182. According to WHO, there are currently 339,182 confirmed cases and 14,703 deaths from the coronavirus COVID-19 outbreak as of March 23, 2020.
Type Overview in the Global COVID-19 Testing Kit Market
Based on type, the global COVID-19 Testing Kit market classified into Equipment and Extraction Kits, rRT-PCR Test Kits, and Reagents9 (rRT-PCR Enzyme Mastermix, Human Specimen Control, and EUA Positive Control. The rRT-PCR Test Kits segment expected to lead the market owing to its help in the detection and diagnosis of 2019-nCoV and is based on widely used nucleic acid amplification technology.
Application Overview in the Global COVID-19 Testing Kit market
Based on the application, the global COVID-19 Testing Kit market classified into Detecting Virus, Monitoring, and Others. The Detecting Virus segment likely to lead the market by 2027 due to its application for the detection of 2019-nCoV in the early stages of affected patients from regions of the virus nucleocapsid (N) gene.
End-User Overview in the Global COVID-19 Testing Kit Market
Based on end-user, the global COVID-19 Testing Kit market categorized into Hospitals, Clinics, Pharmacy stores, Pathology centers, and Others. Hospitals segments estimated to dominate the market by 2027 due to the rise in the number of patients affected by COVID-19 virus coupled growing demand of the COVID-19 Testing Kit in hospitals to detect and diagnose the virus in early stages.
Regional Overview in the Global COVID-19 Testing Kit Market
By geography, the Global COVID-19 Testing Kit Market segmented into North America, Asia Pacific, Europe, South America and Middle East & Africa. North America expected dominating the market owing to the presence of significant testing kit manufacturing companies along with the USA government surge in the expenses on the healthcare system.
Global COVID-19 Testing Kit Market: Competitive Landscape
Companies such as Cepheid Inc., AlphaBiolabs Ltd, Thermo Fisher Scientific, Primerdesign Ltd, Hologic, Inc., Roche Holding AG, Cosara Diagnostics Pvt Ltd, Abbott Laboratories, Quidel Corporation, and QIAGEN are the key players in the Global COVID-19 Testing Kit Market.
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