COVID-19 Diagnostics Market Size Trends & Forecast to 2027 by Industry Analysis

Posted by shriya on June 10th, 2021

Global COVID-19 Diagnostics Market: Information by Type (Molecular Tests, Serology Tests), Technology (RT-PCR, Isothermal Amplification, CRISPR, ELISA, Hybridization), End-User (Hospitals, Public Health Labs, Private or Commercial Labs) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2027

Market Dynamics

Business growth is projected to be driven by the growing number of COVID-19 cases and government & private funds, as well as funding for research & development. The industry growth is also projected to be guided by the growing number of emergency use permits (EUAs) for diagnostic kits & equipment as well as innovations & sponsorship from non-medical device / diagnostic firms.

Regional Analysis

The region-based global COVID-19 Diagnostics Market has been split into Europe , the Americas, Asia-Pacific, and the Middle East & Africa.

It is likely that the European region will lead the global demand for COVID-19 diagnostics. The high number of contaminated patients in the area can be attributed to this. As of 19 May 2020, 1,317,267 cases have been registered in the European Union (EU ) and the European Economic Region (EEA) and in the United Kingdom, according to the European Centre for Disease Control and Prevention. Moreover, the high morbidity and mortality rate of COVID-19 recorded among long-term care facility (LTCF) residents in EU / EEA countries poses a major challenge to disease prevention and control in such settings, increasing the need for widespread diagnostic availability for prompt diagnosis of cases of COVID-19.

Key Players

The Prominent Players in the Global COVID-19 Diagnostics Market are Becton, Dickinson & Company (US), Bio-Rad Laboratories (US), Danaher Corporation (US), Abbott (US), F. Hoffmann-La Roche Ltd (Switzerland), Biomerieux SA (France), Genmark Diagnostics (US), Thermo Fisher Scientific (US), Qiagen (Germany), and Siemens AG (Germany).

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/covid-19-diagnostics-market-9710

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