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COVID-19 Diagnostics Market Share 2021: Global Business Size Analysis by Top Key Players, COVID Impact , Emerging Technology and Growth Forecast to 2027

COVID-19 Diagnostics Market | 2021 Impact of COVID-19, Case Study Analysis, Key Opportunities and Major Players, Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The global “COVID-19 Diagnostics ” Market is projected to reach USD 11.40 billion by 2027, exhibiting a CAGR of 7.9% during the forecast period. Uncontrolled spread of the coronavirus worldwide will be the major factor propelling the growth of this market, shares Fortune Business Insights™ in its report, titled “COVID-19 Diagnostics Market Size, Share & Industry Analysis, By Product (Instruments and Reagents & Kits), By Technology (PCR (Polymerase Chain Reaction), ELISA (Enzyme-linked Immunosorbent Assay), Point-of-care (POC), and Others), By Sample Type (Oropharyngeal and Nasopharyngeal Swabs, Blood, Urine, and Others), By End User (Hospitals & Clinics, Laboratories & Diagnostic Centers, and Research Institutes), and Regional Forecast, 2020-2027”. According to Johns Hopkins University, global COVID-19 infections reached 100,000 in just 60 days, growing to 200,000 in the next 12-14 days, and the recent addition of 100,000 cases has taken only 3 days.

The calculation of the spread of this disease is based on the estimation of the “reproduction number” or R Naught (Ro). The UK Research and Innovation organization states that if the Ro goes above 1, exponential growth will be witnessed. As per a study published in the Journal of Clinical Medicine based on the virus transmission rate in Wuhan, the Ro was computed to be between 2.49 and 2.63. Such rapid transmission of the virus has surged the demand for coronavirus diagnostics tools and kits, which is boosting the growth of this market.

Major COVID-19 Diagnostics Market Key players covered in the report include:

  • PerkinElmer Inc.
  • Quest Diagnostics Incorporated
  • Quidel Corporation
  • Siemens Healthcare GmbH
  • Abbott
  • Thermo Fisher Scientific Inc.
  • bioMérieux SA
  • Hoffmann-La Roche Ltd
  • Danaher Corporation

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COVID-19 Diagnostics Market Analysis 2021:

Concerted Efforts towards Developing COVID Detection Tests to Accelerate Growth

With the COVID-19 pandemic showing no signs of abatement, medical and regulatory bodies are collaborating to encourage innovation and speed up research in developing coronavirus detection tools. For instance, in April 2020, the National Institutes of Health in the US announced the launch of Rapid Acceleration of Diagnostics (RADx) initiative with a funding of USD 1.5 billion to commercialize and widen the accessibility of COVID-19 testing. Similarly, in June 2020, the US Food and Drug Administration (FDA) joined the COVID-19 Diagnostics Evidence Accelerator created by the Friends of Cancer Research and Reagan-Udall Foundation with the aim to evaluate the performance of PCR and antibody tests for COVID. Together, these and similar initiatives are expected to augment the COVID-19 diagnostics market growth throughout 2020.

High Number of COVID-19 Cases to Give North America Leading Market Position

The United States is one of the worst-hit countries in the world by the coronavirus pandemic, with the number of cases as of June 2020 standing at 2.68 million and 129,000 deaths. In response, the US government is injecting more funds into medical research facilities to accelerate development of COVID-19 diagnostics and widen the testing net in the country. The region’s market size in 2019 stood at USD 2.17 billion.

In Europe, the virus is spreading at a furious pace, with the UK, Italy, Spain, France, and Germany having the highest number of cases. Quick adoption of advanced detection tools in the region will enable it to expand its footprint in the COVID-19 diagnostics market share in the immediate future. Heavy investments by governments in Asia Pacific in the healthcare sector are expected to favor market growth in the region.

For More Information In the Analysis of Report: https://www.fortunebusinessinsights.com/covid-19-diagnostics-market-103291

COVID-19 Diagnostics Highlights of the Report:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market

Regulatory Support to Novel Diagnostic Solutions to Encourage Innovation

The coronavirus is tightening its hold on the world and COVID-19 Diagnostics and governments are in a race against time to develop and launch quick and accurate diagnostic tests for this deadly virus. As a result, bodies such as the FDA are providing the necessary support to companies by removing unnecessary regulatory barriers, which is encouraging other players to innovate.

Industry Developments:

May 2020: Sofia 2 SARS Antigen FIA test developed by Quidel was green lit by the FDA, making it the first antigen test approved in the US for the detection of COVID-19. These tests identify unique protein fragments found on the outer walls of the coronavirus and deliver quick results.

March 2020: The US FDA cleared Abbott’s molecular point-of-care test for detection of COVID in patients through its Emergency Use Authorization (EUA). The test promises to deliver positive results in 5 minutes and negative results in 13 minutes.

Key questions answered in the report:

  1. What will the market growth rate of COVID-19 Diagnostics market in 2027?
  2. What are the key factors driving the global COVID-19 Diagnostics market?
  3. Who are the key manufacturers in COVID-19 Diagnostics market space?
  4. What are the market opportunities, market risk and market overview of the COVID-19 Diagnostics market?
  5. What are sales, revenue, and price analysis of top manufacturers of COVID-19 Diagnostics market?
  6. Who are the distributors, traders and dealers of COVID-19 Diagnostics market?
  7. What are the COVID-19 Diagnostics market opportunities and threats faced by the vendors in the global COVID-19 Diagnostics industry?
  8. What are sales, revenue, and price analysis by types and applications of COVID-19 Diagnostics market?
  9. What are sales, revenue, and price analysis by regions of COVID-19 Diagnostics industry?

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Table of Content:

1 COVID-19 Diagnostics Market Overview

1.1 COVID-19 Diagnostics Product Overview

1.2 COVID-19 Diagnostics Market Segment by Type

1.3 Global COVID-19 Diagnostics Market Size by Type (2015-2027)

1.3.1 Global COVID-19 Diagnostics Market Size Overview by Type (2015-2027)

1.3.2 Global COVID-19 Diagnostics Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global COVID-19 Diagnostics Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global COVID-19 Diagnostics Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global COVID-19 Diagnostics Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global COVID-19 Diagnostics Market Size Forecast by Type (2021-2027)

1.3.3.1 Global COVID-19 Diagnostics Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global COVID-19 Diagnostics Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global COVID-19 Diagnostics Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America COVID-19 Diagnostics Sales Breakdown by Type (2015-2027)

1.4.2 Europe COVID-19 Diagnostics Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific COVID-19 Diagnostics Sales Breakdown by Type (2015-2027)

1.4.4 Latin America COVID-19 Diagnostics Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa COVID-19 Diagnostics Sales Breakdown by Type (2015-2027)

2 Global COVID-19 Diagnostics Market Competition by Company

2.1 Global Top Players by COVID-19 Diagnostics Sales (2015-2021)

2.2 Global Top Players by COVID-19 Diagnostics Revenue (2015-2021)

2.3 Global Top Players COVID-19 Diagnostics Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company COVID-19 Diagnostics Manufacturing Base Distribution, Sales Area, Product Type

2.5 COVID-19 Diagnostics Market Competitive Situation and Trends

2.5.1 COVID-19 Diagnostics Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by COVID-19 Diagnostics Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in COVID-19 Diagnostics as of 2019)

2.7 Date of Key Company Enter into COVID-19 Diagnostics Market

2.8 Key Company COVID-19 Diagnostics Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global COVID-19 Diagnostics Status and Outlook by Region (2015-2027)

3.1 Global COVID-19 Diagnostics Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global COVID-19 Diagnostics Market Size Market Share by Region (2015-2021)

3.2.1 Global COVID-19 Diagnostics Sales Market Share by Region (2015-2021)

3.2.2 Global COVID-19 Diagnostics Revenue Market Share by Region (2015-2021)

3.2.3 Global COVID-19 Diagnostics Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global COVID-19 Diagnostics Market Size Market Share by Region (2021-2027)

3.3.1 Global COVID-19 Diagnostics Sales Market Share by Region (2021-2027)

3.3.2 Global COVID-19 Diagnostics Revenue Market Share by Region (2021-2027)

3.3.3 Global COVID-19 Diagnostics Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America COVID-19 Diagnostics Market Size By Growth (2015-2027)

3.4.1 North America COVID-19 Diagnostics Revenue By Growth (2015-2027)

3.4.2 North America COVID-19 Diagnostics Sales By Growth (2015-2027)

3.5 Asia-Pacific COVID-19 Diagnostics Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific COVID-19 Diagnostics Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific COVID-19 Diagnostics Sales By Growth (2015-2027)

3.6 Europe COVID-19 Diagnostics Market Size By Growth (2015-2027)

3.6.1 Europe COVID-19 Diagnostics Revenue By Growth (2015-2027)

3.6.2 Europe COVID-19 Diagnostics Sales By Growth (2015-2027)

3.7 Latin America COVID-19 Diagnostics Market Size By Growth (2015-2027)

3.7.1 Latin America COVID-19 Diagnostics Revenue By Growth (2015-2027)

3.7.2 Latin America COVID-19 Diagnostics Sales By Growth (2015-2027)

3.8 Middle East and Africa COVID-19 Diagnostics Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa COVID-19 Diagnostics Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa COVID-19 Diagnostics Sales By Growth (2015-2027)

4 Global COVID-19 Diagnostics by Application

4.1 COVID-19 Diagnostics Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global COVID-19 Diagnostics Sales by Application: 2015 VS 2021 VS 2027

4.3 Global COVID-19 Diagnostics Historic Sales by Application (2015-2021)

4.4 Global COVID-19 Diagnostics Forecasted Sales by Application (2021-2027)

4.5 Key Regions COVID-19 Diagnostics Market Size by Application

4.5.1 North America COVID-19 Diagnostics by Application

4.5.2 Europe COVID-19 Diagnostics by Application

4.5.3 Asia-Pacific COVID-19 Diagnostics by Application

4.5.4 Latin America COVID-19 Diagnostics by Application

4.5.5 Middle East and Africa COVID-19 Diagnostics by Application

5 North America COVID-19 Diagnostics Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America COVID-19 Diagnostics Sales Market Share by Country (2015-2021)

5.1.2 North America COVID-19 Diagnostics Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America COVID-19 Diagnostics Sales Market Share by Country (2021-2027)

5.2.2 North America COVID-19 Diagnostics Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. COVID-19 Diagnostics Market Size By Growth (2015-2027)

5.3.2 Canada COVID-19 Diagnostics Market Size By Growth (2015-2027)

6 Europe COVID-19 Diagnostics Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe COVID-19 Diagnostics Sales Market Share by Country (2015-2021)

6.1.2 Europe COVID-19 Diagnostics Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe COVID-19 Diagnostics Sales Market Share by Country (2021-2027)

6.2.2 Europe COVID-19 Diagnostics Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany COVID-19 Diagnostics Market Size By Growth (2015-2027)

6.3.2 France COVID-19 Diagnostics Market Size By Growth (2015-2027)

6.3.3 U.K. COVID-19 Diagnostics Market Size By Growth (2015-2027)

6.3.4 Italy COVID-19 Diagnostics Market Size By Growth (2015-2027)

6.3.5 Russia COVID-19 Diagnostics Market Size By Growth (2015-2027)

7 Asia-Pacific COVID-19 Diagnostics Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific COVID-19 Diagnostics Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific COVID-19 Diagnostics Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific COVID-19 Diagnostics Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific COVID-19 Diagnostics Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.2 Japan COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.3 South Korea COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.4 India COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.5 Australia COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.6 Taiwan COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.7 Indonesia COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.8 Thailand COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.9 Malaysia COVID-19 Diagnostics Market Size By Growth (2015-2027)

7.3.10 Philippines COVID-19 Diagnostics Market Size By Growth (2015-2027)

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