Rising Coronavirus Cases Worldwide is Boosting the COVID-19 Detection Kits Market Demand: GMI
Some of the major players in COVID-19 detection kits market share include COVID-19 detection kits market share include BGI, bioMérieux, BioVision, CerTest BIOTEC, Co-Diagnostics, ELITechGroup, Laboratory Corporation of America, Quest Diagnostics, RayBiotech, and Thermo Fisher Scientific among others.
![Rising coronavirus cases worldwide have urged the deployment of COVID-19 detection kits](files/73/b8/636c49b020756d606b65f0e04faf.jpg)
SELBYVILLE, Del., April 6, 2020 (Newswire.com) - Global Market Insights, Inc. has recently added a new report on “COVID-19 Detection Kits Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026” which estimates the global market valuation for COVID-19 detection kits will cross substantial gains in the forecast timeframe.
The outbreak of coronavirus pandemic has brought about a revolution in the medical industry. Companies across the globe have been engaged in developing instruments and kits that carry the potential of detecting coronavirus in an individual, contributing towards a prolific rise in the growth of the COVID-19 detection kits market. What has added to the market growth is the number of novel innovations taking place worldwide.
Bione, for instance, has developed India’s first ever home detection kit for coronavirus. The Bengaluru-based genetic and microbes testing services have gained traction globally owing to its novel innovation of home-based detection test which has received approval from the Indian Council of Medical Research.
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Bione’s initiative corroborates that leading players in the COVID-19 detection kits market aim to introduce technically advanced, accurate, and consumer-friendly solutions for healthcare systems. As the number of cases of coronavirus is exponentially rising, the demand for these detection kits is significantly increasing as well.
According to the statistics by WHO, coronavirus cases have risen to over more than 1 million. As per estimates by Foundation for Innovative New Diagnostics (FIND), an authentic website by one of the WHO’s partners for assessment of diagnostic technology, the world is currently using over 275 COVID-19 diagnostic kits. But the challenge here is that the rise in the number of coronavirus patients and number of kits in use are completely disproportionate.
Given this imbalance in supply and demand ratio, companies worldwide have been putting in efforts to bring more and more detection kits for coronavirus detection, helping the hospitals and other healthcare establishments on a large scale. Speaking on these lines, four major producers of COVID-19 test kits are looking forward to supplying more than a million kits to India, considering the ramping need for these amidst coronavirus scare.
One of the suppliers, Siemens has announced that it would produce over 100,000 test kits available with India. It shall offer nearly 30,000 to 40,000 tests to ICMR for free testing under Siemens Fight COVID-19 Initiative.
The initiatives and strategies undertaken by various companies involved in the production of COVID-19 detection kits are estimated to bring about a revolutionary change in the medical space in the upcoming years.
Browse complete summary of this report @ https://www.gminsights.com/industry-analysis/covid-19-detection-kits-market
This COVID-19 detection kits market research report by GMI includes in-depth coverage of the industry with estimates & forecast from 2020 to 2026, for the following segments:
By Specimen Type, 2020-2026 (USD Million)
- Nasopharyngeal swab
- Oropharyngeal swab
- Nasal swab
- Others
By End-use, 2020-2026 (USD Million)
- Hospitals
- Clinics
- Diagnostic centers
- Research laboratories
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- Norway
- Sweden
- UK
- France
- Italy
- Spain
- Asia Pacific
- Japan
- South Korea
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- Iran
- South Africa
- Saudi Arabia
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N95 Protective Masks Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Japan, China, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/n95-protective-masks-market
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Tags: Coronavirus detection kits market, Coronavirus testing, COVID-19 Detection Kits Market, COVID-19 Diagnostic Kits Market, COVID-19 Testing Market