Market Research Report
Coronavirus Diagnostics - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939194|
|Published||Content info||124 Pages
Delivery time: 2-3 business days
|Coronavirus Diagnostics - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 124 Pages||
According to Stratistics MRC, the Global Coronavirus Diagnostics Market is accounted for $4.64 billion in 2018 and is expected to reach $8.82 billion by 2027 growing at a CAGR of 7.4% during the forecast period. Exponential rise in cases of COVID-19 and growing healthcare spending and increasing need to protect the population from such outbreaks are the major factors propelling the market growth. However, factor such as lack of skilled nursing staff is hampering the market growth.
Coronavirus Diagnostics is a tremendously infectious disease caused by the Coronavirus. Symptoms and circumstances of the disease include mild to moderate respiratory discomfort. At the same time as most may get better without any need for special treatment, the virus can cause major issues or serious disease and even death in older individuals and persons with underlying medical problems such as diabetes, chronic respiratory diseases, and cancers.
Based on the type, the serology tests segment is going to have a lucrative growth during the forecast period due to these tests are done using blood samples. Further, these tests are helpful in determining patients with mild or no symptoms.
By geography, North America is likely to have a huge demand due to growing investments in R&D activities along with strong support from the governments in the regions are further expected to create huge market opportunities for diagnostic players over the next few years.
Some of the key players profiled in the Coronavirus Diagnostics Market include Abbott, Beckman Coulter, Becton,Dickinson and Company, bioMerieux, Bio-Rad Laboratories, GSK Biologicals, Hologic, Lonza, Ortho-Clinical Diagnostics, PerkinElmer, Qiagen and Roche Diagnostics.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances