Global COVID-19 Detection Kits Market: Overview
COVID 19 is an infectious disease caused by the SARS-CoV-2. The most common symptoms of COVID 19 are dry cough, fever, fatigue, and a few others. COVID 19 rapid test is a chromatographic immunoassay used for the qualitative detection of IgG and IgM antibodies in the human body. There are constant developments made in the field of COVID 19 testing kits to improve the efficiency and accuracy of the test results. Moreover, attempts are being made to reduce the waiting time of the results to boost the testing on a large scale.
Global COVID-19 Detection Kits Market: Growth Factors
The novel coronavirus has affected the lives of many people across the globe. Lack of proper social distancing and safety norms are increasing the number of coronavirus cases every day.
The vigorous spread of the coronavirus contained zone has increased the demand for COVID-19 testing kits. Thus, kit manufacturers have significantly increased the production of detection kits.
There is a growing demand for COVID-19 detecting solutions for highly vulnerable populations including the rapidly increasing geriatric population.
The unprecedented outburst of COVID-19 infection worldwide has soared the demand for efficient detecting kits and hence the government is taking various initiatives to help the industry players to manufacture the COVID-19 detecting kits on a large scale.
Due to the pitfall of various kits for COVID-19 tests, QIAGEN developed an easy and efficient detecting kit test known as Anti-SARS-COV2 total. This is a serology test conducted on digital devices and provides reliable tests in less time as compared to others. The demand for this test is growing rapidly due to the least risk involved.
The utility of serology-based tests expanded with multiplying of SARS COV-2 cases and thus fueling the demand in the market for these tests.
Many countries have facilitated the walkthrough COVID 19 testing centers.
These centers have minimized contagion risk & waiting time and thus people are appreciating these facilities. Moreover, at-home sample test collection system is also started for people's convenience. The confluence of such factors demands a high supply of testing kits and hence boosted the global COVID-19 detection kits market.
Global COVID-19 Detection Kits Market: Segmentation
The global COVID-19 detection kits market can be segmented into the sample, end-use, mode, product & service, and region.
By product & service, the market can be segmented into immunoassay test cassette/strips and RT PCR assay kits.
The RT PCR kits segment holds the largest market share. The high demand for these kits is due to the high sensitivity and specificity of test results. Moreover, these tests are evolving as more enhanced and automatic detectable tests.
Immunoassays were the first tools used for diagnoses of COVID-19 in the rising phase of the pandemic. The global COVID-19 detection kits market is expected to grow further during the forecast period.
By sample, the market can be segmented into nasal swabs, oropharyngeal (OP) swabs, nasopharyngeal (NP) swabs, and others.
The nasopharyngeal (NP) swabs segment dominates the market with the largest share due to the surge in usage of NP swabs for efficient molecular testing.
By mode, the market can be segmented into diagnostics centers, hospitals, laboratories, and others.
The laboratories segment holds the largest market share and is anticipated to dominate the global COVID-19 detection kits market during the forecast period.
Diagnostics centers propel the market to grow with significant rates owing to the numerous initiatives taken by several entities.
Global COVID-19 Detection Kits Market: Regional analysis
Asia Pacific is dominating the global COVID-19 detection kits market. Its regional dominance can be attributed to the constantly increasing number of coronavirus cases in countries like India and China.
Due to the surge in the number of cases, there is a rise in diagnostic facilities in these countries further boosting the regional growth.
North America is expected to witness significant growth over the forecast period.
The emergency use authorization (EUA) increases the testing capacity of COVID-19 cases, which propels the regional growth in the global COVID-19 detection kits market.
Global COVID-19 Detection Kits Market: Competitive Players
Some of the leading players in the global COVID-19 detection kits market are Quidel Corporation, Luminex Corporation, Altona Diagnostics GmbH, F. Hoffmann-La Roche AG, Abbott, DiaSorin, and Veredus Laboratories.
Global COVID-19 Detection Kits Market: Regional Segment Analysis
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