The global covid-19 diagnostics market size is anticipated to reach $17,203.38 million till the end of 2020. Covid-19 is an infectious disease caused by a newly discovered coronavirus with a nomenclature Sars Cov 2.The virus strain shows significant similarity with an earlier detected virus, Sars Cov. The virus outbreak started from Wuhan city of China and is now spread across 210 countries and territories around the world and 2 international conveyances, as per Worldometer data. Significant increase in the incidences of covid-19 across the globe and rise in mortality rates due to the outbreak are the major factors that drive the market growth.
Moreover, technological developments and introduction of various test kits by companies worldwide propels the market growth. However, dearth of diagnosis kits in developing economies is anticipated to hamper the market growth. The impact of the driving factors is expected to surpass that of the restraints. Hence, the market is projected to grow at a fast pace.
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The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
? This report provides a detailed quantitative analysis of the current Covid-19 diagnostics market trends and forecast estimations from 2020 to 2022, which assists to identify the prevailing market opportunities.
? An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
? A comprehensive analysis of factors that drive and restrain the covid-19 market growth is provided.
? The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2022, in terms of value.
? An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
? Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help in understanding competitive outlook.
KEY MARKET PLAYERS
– F. Hoffmann-La Roche AG
– Seegene Inc.
– Cepheid
– Mylab Lifesolutions Pvt. Ltd.
– SureScreen Diagnostics Ltd
– Thermo Fisher Scientific
– Genematrix
– Robert Bosch GmbH
– Cellex
KEY MARKET SEGMENTS
– By Product
o PCR Kits
o POC Kits
o Immuno Assay
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By Technology
– Molecular
– Immunoassay
By End User
– Hospitals
– Physician’s office and urgent care clinics
– Diagnostic Labs
By Region
o North America
– U.S.
– Canada
– Mexico
– Rest of North America
o Europe
– UK
– Germany
– France
– Spain
– Italy
– Estonia
– Austria
– Czech Republic
– Rest of Europe
o Asia-Pacific
– China
– India
– Australia
– Japan
– South Korea
– Thailand
– Malaysia
– Rest of Asia-Pacific
o LAMEA
– Brazil
– Saudi Arabia
– South Africa
– Israel
– Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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- And so forth of the fundamental players, which assists the peruses with distinguishing the indispensable contenders and profoundly know the opposition instance of the market.
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- This document will aid companions with grasp contenders higher and collect experiences to reinforce their scenario in their organizations. The serious scene region contains the piece of the pie and rank (in extent and worth), contender environment, new object improvement, development, and obtaining.
- This document stays refreshed with novel innovation mix, highlights, and the latest developments on the lookout.
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