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Rising Cases Of COVID-19 Leads To A Heavy Demand For Virus Testing And Diagnosis Kits In The Market In 2020

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Research Nester released a report titled Virus Testing Diagnosis Kits Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global virus testing diagnostic kits market in terms of market segmentation by test type, by application, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Virus testing diagnostic kits are used for the effective and timely detection of the virus in order to control the spread of disease at an early stage. The virus testing diagnostic kits market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by test type, by application, by end user and by region. The test type segment is further segmented into direct fluorescent antibody [DFA] test, immunochromatographic assay, reverse transcriptase polymerase chain reaction [RT-PCR] based test, agglutination assay, solid phase assay, flow through assay and others. On the basis of test type, the reverse transcriptase polymerase chain reaction [RT-PCR] based test segment is anticipated to grow at the highest rate in the virus testing diagnostic kits market on account of increasing demand for these virus testing and diagnostic kits for testing of the new coronavirus disease, COVID-19.

Based on the regional analysis, the virus testing diagnostic kits market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for virus testing diagnostic kits in North America is predicted to hold the leading share in the market on account of presence of leading market players in the region which manufacture and market virus testing diagnostic kits.

Growing Cases Of Newly Discovered Viruses To Boost The Market Growth

As per the Centers for Disease Control and Prevention, the total cases of COVID-19 in the United States were 330,891 as of April 6, 2020 and with 8,910 total deaths.

The demand for virus testing diagnostic kits is high as viruses are constantly being evolved. For instance, the newly discovered coronavirus leads to one such respiratory disorder which might show symptoms between 2 to 14 days of infection. This is anticipated to significantly expand the virus testing diagnostic kits market. However, there is a shortage of necessary equipment in order to meet the growing demand globally as well as lack of skilled labor in the research and development area which is estimated to hamper the market growth.

This report also provides the existing competitive scenario of some of the key players of the global virus testing diagnostic kits market which includes company profiling of F. Hoffmann-La Roche Ltd, Qiagen, Abbott, Thermo Fisher Scientific, Becton, Dickinson and Company, BioMérieux SA, Quidel Corporation, Rapikit, Zoetis Inc. and Luminex Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global virus testing diagnostic kits market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


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