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Gravity diagnostics covid testing professional#

Gravity diagnostics covid testing professional#

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. The global Covid-19 diagnostics market across Europe held the lion’s share in the first quarter of 2020, contributing to nearly half of the total revenue. The report includes an analysis of other segments such as hospitals and physician offices & urgent care clinics.Įurope, followed by Asia-Pacific and North America, held the lion’s shareīy region, the market across Asia-Pacific is expected to contribute the highest revenue by the fourth quarter of end of 2020, owing to a higher number of patient populations in this region. The diagnostic labs segment dominated the marketīy end user, the diagnostic labs segment held the largest share in the first quarter of 2020, contributing to more than two-thirds of the global Covid-19 diagnostics market, due to increased usage of molecular assays for Covid-19 diagnosis as the procedure requires various chemicals and instruments that are more easily available in a diagnostic laboratory.

The global Covid-19 diagnostics market report includes an analysis of other segments such as POC kits and Immunoassay. This is due to their high accuracy and specificity. The PCR kits segment held the largest shareīy product, the PCR kits segment held the lion’s share in the first quarter of 2020, and is expected to maintain its dominance till the end of 2020.

Since the outbreak of Covid-19, researchers have been working to develop more accurate and faster diagnostic kits.

Researchers have been focused on developing a potential treatment for Covid-19 and have been conducting months of trials to find the cure, which increased the demand for Covid-19 diagnostic tools.

On the contrary, development of advanced diagnostic kits would open new opportunities for the market players in the future. However, lack of awareness among developing countries regarding precautions and dearth of diagnostic kits & medical professionals hinder the market growth. Rise in Covid-19 patients across the world, need for rapid diagnostics, and lack of specific vaccine or medicine drive the growth of the global Covid-19 diagnostics market.

The diagnostics market includes both molecular tests (such as PCR-based tests) and serological tests (such as antibody tests).

Various types of tests have been developed and deployed worldwide, ranging from traditional laboratory-based tests to rapid point-of-care tests. Since the emergence of the COVID-19 pandemic, the global diagnostics market has experienced significant growth and innovation. These diagnostics are essential for identifying individuals who are infected with the virus and initiating appropriate measures to control its spread. The COVID-19 diagnostics market refers to the market for tests and diagnostic tools used to detect the presence of the SARS-CoV-2 virus, which causes the COVID-19 disease. The global Covid-19 diagnostics industry was pegged at $73.19 million in the first quarter of 2020, and is projected to reach $9.94 billion by the fourth quarter of 2020.