The Global Coronavirus (COVID-19) Diagnostics Market is anticipated to grow at a substantial CAGR during the forecast period 2020-2025.
COVID-19 Diagnostics refers to a group of diagnostic methods, equipment and machines that are used to detect the presence of COVID-19 in human body which is responsible for COVID-19 disease. COVID-19 is a global pandemic that in currently impacting almost every country in the world with acute respiratory disease.
The Global COVID-19 Diagnostics Market is majorly driven by sudden and rapid outbreak of COVID-19 at global level. As per the World Health Organization, COVID-19 is transmitted through respiratory droplets and contact routes, through direct or indirect contact with infected person and in some cases through faeces. As per now, some scientists published a study that COVID-19 have low mortality rate, if compared with other disease. COVID-19 is a novel disease and organizations, government agencies, scientists and others are still learning and finding the ways and means through which the disease spread.
The Global COVID-19 Diagnostics Market is segmented on the basis of User, Type of Test, Time Duration, End-Use segment and regions. These segments are further categorized into various sub-segments. The User type segment of the market is sub-segmented into Single and Multiple. The Type of Test segment is further categorized into Serology and Molecular. Also, the Time Duration segment of the global market is categorized into Less Than 20 Minutes, 20-60 Minutes, 1 Hours to 12 Hours, 13 Hours to 24 Hours and More than 24 Hours. The End-Use segment of the global coronavirus diagnostics market is sub-segmented into Physicians Labs, Private Labs, Public Health Labs, Hospitals and Others. Moreover, the regional segmentation of the global COVID-19 diagnostics market is sub-segmented into North America, Europe, Asia-Pacific and LAMEA. These regions were studied on the basis of different regions to study the market in detail.
Key Players Insights
The global COVID-19 diagnostic market was studied considering the presence of various market players that are actively contributing in the market growth through various means. Key companies are adopting various novel strategies to withhold the majority of share in the new market. The aggressive strategical developments will help the companies to gain a competitive edge in the market for the long-term. Some of the major key companies included in the research study are:
Thermo Fischer Scientific
Becton, Dickinson and Company
Abbott and Cepheid Inc.
Key Highlights of the Research Study
The research study offers a detailed qualitative and quantitative analysis of the global COVID-19 diagnostics market.
The research report includes market trends, prevailing market opportunities and future estimations through the forecast period.
It is an in-depth market analysis considering various regions that offers a detailed study of the regional market trends to formulate region-specific plans.
This study is an extensive analysis of various market segments to study the market in detail.
The market research study also offers company profiles along with strategical developments which can help companies to take well-informed strategical decision.
The comprehensive market research study also detailed about various market determinants such as growth drivers, restraints, and market challenges.
Publisher : BlueWeave Consulting