Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) has spread across the globe and is posing a major burden on society. The robust spread of the coronavirus worldwide has fuelled the demand for diagnostic tests for the disease. Furthermore, in order to sustain the spread of coronavirus, doctors and global authorities across the globe are urging countries to uptake diagnostic testing and thus, the production of detection kits is likely to gain uptick. This, in turn, will drive the growth of the coronavirus real-time detection test kits market.
Adroit Market Research study on the global market for coronavirus real-time detection kits offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global coronavirus real-time detection kits market have been analyzed in depth.
The need for real-time diagnostic test kits is rising immensely owing to high prevalence of respiratory disorders such as asthma, pneumonia, and coronavirus which increases the demand for early detection and treatment. According to WHO, there were 108,579,352 cases of coronavirus across the globe including 2,396,408 deaths, as of February 2021. However, low sensitivity of immunoassay based tests is a major factor hampering the growth of the coronavirus real-time detection kits market.
RT-PCR assay kits segment will hold substantial share of the market owing to high sensitivity and specificity of these test kits for detection of SARS CoV-2 in infected patients. The RT-PCR test has become popular for the qualitative detection of nucleic acid from the coronavirus. However, increase in demand for rapid diagnostics test will drive the demand for immunoassay test strips/cassettes. Hospitals, laboratories, diagnostic centers & clinics carry out these real-time tests for coronavirus detection.
Asia Pacific dominated the coronavirus real-time detection kits market owing to increase in prevalence of coronavirus along with presence of large geriatric population across various emerging countries such as China and India. As of August 2020, the total number of coronavirus cases in China were 85,048. North America is expected to witness a lucrative growth during the forecast period owing to presence of large geriatric population suffering with respiratory disorders. Moreover, presence of well-established players developing novel diagnostic test kits is expected to fuel market growth for coronavirus real-time detection kits in the next few years.
- key players operating in the global coronavirus real-time detection kits market include F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, Perkin Elmer, Inc., Luminex Corporation, Abbott Laboratories, Quidel Corporation, Veredeus Laboratories, DiaSorin, Becton, Dickinson and Company, and Takara Bio Inc.
Key Segments of the Global Coronavirus Real-Time Detection Kits Market
Product Overview, 2018-2028 (USD Million)
- RT-PCR Assay Kits
- Immunoassay Test Strips/Cassettes
Sample Type Overview, 2018-2028 (USD Million)
- Nasopharyngeal Swab
- Oropharyngeal Swab
- Nasal Swab
End-user Overview, 2018-2028 (USD Million)
- Diagnostic Centers & Clinics
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa