Portland, OR, Nov. 02, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global Covid-19 diagnostics market generated $73.19 million in the first quarter of 2020, and is anticipated to hit $9.94 billion by the fourth quarter of 2020.
Increase in Covid-19 patients across the globe, unavailability of specific medicine or vaccine, and dire need of rapid diagnostics drive the global Covid-19 diagnostics market. However, lack of awareness among developing countries regarding required precautions and lack of sufficient diagnostic kits & skilled medical professionals hamper the market. On the contrary, development of advanced diagnostic kits is expected to open new opportunities for market players in the future.
Download Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-sample/6479
Covid-19 scenario:
- Months of trials to find out potential treatments for Covid-19 have been conducted and the efforts to find cure are still underway. This has highlighted the importance of Covid-19 diagnostic tools.
- Researchers have been working on to develop more accurate and fast diagnostic kits than before.
The global Covid-19 diagnostics market is segmented on the basis of product, technology, end user, and region. Based on product, the market is divided into PCR kits, POC kits, and immunoassay. The PCR kits segment is expected to hold the largest share by the fourth quarter of 2020.
On the basis of technology, the market is classified into molecular and immunoassay. The molecular segment held the largest in the first quarter of 2020, and is projected to continue its dominance by the fourth quarter of 2020.
Based on end user, the market is segmented into hospitals, physician's office & urgent care clinics, and diagnostic labs. The diagnostic labs segment held the largest share in the first quarter of 2020, accounting for more than two-thirds of the market. The segment is projected to continue its leadership status by the fourth quarter of 2020.
The global Covid-19 diagnostics market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the lion’s share in the first quarter of 2020, contributing to nearly half of the total revenue. However, Asia-Pacific is expected to contribute the highest revenue by the end of 2020.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6479
The global Covid-19 diagnostics market report includes an in-depth analysis of the major market players such as Seegene Inc., Robert Bosch GmbH, Cellex Inc., F. Hoffmann-La Roche AG, Cepheid, MylabLifesolutions Pvt. Ltd., Thermo Fisher Scientific, Inc., Genematrix, and SureScreen Diagnostics Ltd.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
DNA Diagnostics Market - Global Opportunity Analysis and Industry Forecast, 2013 - 2020
Malaria Diagnostics Market- Global Opportunity Analysis and Industry Forecast, 2019–2026
Womens Health Diagnostics Market - Global Opportunities and Industry Forecasts, 2017-2023
Global Sepsis Diagnostic Market - Global Opportunity Analysis and Industry Forecast, 2020-2027
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.