Fortune Business Insights, recently introduced a report on Global COVID-19 Diagnostics Market Report is an in-depth study providing a complete analysis of the industry for the period 2022 to 2027. It provides a complete overview of the Global industry considering all the major industry trends, market dynamics, and competitive scenarios.
People globally, as well as national economies, rely heavily on the healthcare industry. It is one of the world’s fastest-growing industries. With healthcare spending accounting for more than 10% of most developed countries’ GDP, there is a link between income levels and healthcare spending in different countries.
the statistical and analytical approach that is required for the growth of COVID-19 Diagnostics Market for the period 2022 and 2028. The key industrial insights provided in the report gives a better idea about the market overview to the readers regarding the existing scenario in the market. In addition, the report includes detailed discussion on current and future market trends that are associated with the growth of the market.
The market is projected to drop from USD 20.05 billion in 2021 to USD 9.20 billion in 2028 at a CAGR of -10.5% in the 2021-2028 period.
COVID-19 Diagnostics Market Drivers:
The sudden rise in the communicable coronavirus disease leading to a global pandemic has resulted in the escalating demand for COVID-19 diagnostic procedures and products. According to the Worldometer statistics, there has been a continuous rise in new daily cases across the globe. According to the World Health Organization (WHO), as of 18th May 2021, 163,312,429 people globally are affected with COVID-19. Such rapid daily rise in cases has surged the adoption of COVID-19 diagnostic tests so as to provide early treatment to patients. Moreover, a surge in coronavirus infection has also been recorded in growing economies. For example, Brazil’s total number of cases stands at 15.9 million as of May 2021. This is likely to increase the sales of reagents & kits used in the detection of the virus. Additionally, rising R&D activities are likely to drive market growth during the forecast period. Also, higher investments are being made by several companies to support the development of diagnostic solutions. For instance, in July 2020, the National Institutes of Health (NIH) invested USD 248.7 million in new technologies to address challenges associated with COVID-19 diagnostics (which detects SARS-CoV-2 coronavirus).
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What is the aim of the report?
The COVID-19 Diagnostics Market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
The various parameters accelerating the growth of Market are incorporated in the research report.
The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Major COVID-19 Diagnostics Market Manufacturers covered in the market report include:
- Abbott (Illinois, U.S.)
- Danaher Corporation (Washington D.C, U.S.)
- Siemens Healthcare GmbH (Germany, Europe)
- F. Hoffmann-La Roche Ltd (Switzerland, Europe)
- Quidel Corporation (California, U.S.)
- bioMérieux SA (France, Europe)
- Quest Diagnostics Incorporated (New Jersey, U.S.)
- Thermo Fisher Scientific Inc. (Massachusetts, U.S.)
- PerkinElmer Inc. (Massachusetts, U.S.)
- Other Prominent Players
On the basis of Geography, the Global COVID-19 Diagnostics Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a considerable share in the global Animal Feed Enzymes Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
Reasons to Buy the Report:
- Market Size Forecasts: The authors of the report have provided accurate estimation of the global COVID-19 Diagnostics Market size based on value and volume
- Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global COVID-19 Diagnostics Market
- Future Prospects: The report here offers crucial information on the rewarding opportunities in the global COVID-19 Diagnostics Market
- Regional Analysis: Inclusive analysis of the potential regions and their countries in the global COVID-19 Diagnostics Market is provided in this part of the report
- Segmental Analysis: Here, key segments comprising product type, application, and end user and their contribution to the overall market size are discussed in detail
- Competitive Landscape: Market participants will get an overview of the business strategies considered by their competitors to stay ahead of the curve. This analysis will help the players to make informed business decisions in future.
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Table of Content:
1 Market Overview
1.1 COVID-19 Diagnostics Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
220.127.116.11 United States Market States and Outlook (2020-2026)
18.104.22.168 Canada Market States and Outlook (2020-2026)
22.214.171.124 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
126.96.36.199 Germany Market States and Outlook (2020-2026)
188.8.131.52 France Market States and Outlook (2020-2026)
184.108.40.206 UK Market States and Outlook (2020-2026)
220.127.116.11 Russia Market States and Outlook (2020-2026)
18.104.22.168 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
22.214.171.124 China Market States and Outlook (2020-2026)
126.96.36.199 Japan Market States and Outlook (2020-2026)
188.8.131.52 Korea Market States and Outlook (2020-2026)
184.108.40.206 India Market States and Outlook (2020-2026)
220.127.116.11 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
18.104.22.168 Brazil Market States and Outlook (2020-2026)
22.214.171.124 Egypt Market States and Outlook (2020-2026)
126.96.36.199 Saudi Arabia Market States and Outlook (2020-2026)
188.8.131.52 South Africa Market States and Outlook (2020-2026)
184.108.40.206 Turkey Market States and Outlook (2020-2026)
1.5 COVID-19 Diagnostics Market Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global COVID-19 Diagnostics Market Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global COVID-19 Diagnostics Market Sales and Market Share by Manufacturer (2020-2026)
3.2 Global COVID-19 Diagnostics Market Revenue and Market Share by Manufacturer (2020-2026)
3.3 Market Concentration Rate
3.3.1 Top 3 COVID-19 Diagnostics Market Manufacturer Market Share in 2020
3.3.2 Top 6 COVID-19 Diagnostics Market Manufacturer Market Share in 2020
3.4 Market Competition Trend
4 Global COVID-19 Diagnostics Market Market Analysis by Regions
4.1 Global COVID-19 Diagnostics Market Sales, Revenue and Market Share by Regions
4.1.1 Global COVID-19 Diagnostics Market Sales and Market Share by Regions (2020-2026)
4.1.2 Global COVID-19 Diagnostics Market Revenue and Market Share by Regions (2020-2026)
4.2 North America COVID-19 Diagnostics Market Sales and Growth Rate (2020-2026)
4.3 Europe COVID-19 Diagnostics Market Sales and Growth Rate (2020-2026)
4.4 Asia-Pacific COVID-19 Diagnostics Market Sales and Growth Rate (2020-2026)
4.5 South America COVID-19 Diagnostics Market Sales and Growth Rate (2020-2026)
4.6 Middle East and Africa COVID-19 Diagnostics Market Sales and Growth Rate (2020-2026)
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