Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The growing transmission rate of the novel corona virus disease has sets an alarm for the healthcare providers to increase the production and supply of COVID detection kits. Thereby many medical devices manufacturers are moving towards the market of COVID testing kits. The growing burden of COVID patient has led emerging demand for COVID testing kits for the diagnosis of the COVID-19. In addition, growing collaborations of the government with the manufactures and other agencies for the mass testing of the peoples has boosted the demand for the market. The governments are continuously working for to increase rate of testing.
The factor driving the growth of Europe COVID testing kit market is developing medical infrastructures and healthcare sector for the wellbeing of the patients. The market of COVID testing kits is getting boosted by the rising in the no of patients, government collaborations with the manufacturers, the mass testing drives organized by the various organizations. However, the market could get hampered by the factors like product recall and the low accuracy of the antigen test kits. The scientists are working for the development of the better and accurate testing kits.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the COVID testing kit market. In addition, complete analysis of changes on COVID testing kits expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market had increasing production and supply for COVID-19 testing kit during Global pandemic as it comes under the essential services. Due to covid-19 global pandemic the market has the positive impact as the no of cases are rising due to the novel coronavirus disease.
The study analyses Europe COVID testing kit market based on the test type, kit type, sample type, end users and by country.
The COVID testing kit market is available in different test type like RT-PCR test, rapid antigen test, rapid antibody test and others. The fastest growing in the segment Europe region is rapid antigen test in which the nasal swabs of the specimens are placed into the solution for the detection of the virus. Furthermore, rapid antigen test is less reliable for the detection due to its false negative or false positive results. Also, antibody testing is also used for the conformation that the specimens has affected from the novel corona virus or not. These are also the fastest growing in the segment.
The covid testing kit market is bifurcated to various kit type like PCR machines, equipment’s and extraction kits and reagent. In the segment of the kit type most reliable kit type is the PCR machines then following to the Equipment and extraction kits followed by the reagents. The PCR machine is used for the detection of the structure of the virus. The other methods are used for the conformation of the virus. The most used kit is the PCR machine as they are not showing the false results.
The sample like nasal swab, throat swab and blood samples are segmented in the covid testing market of Europe. The samples of the nasal and the throat are taken for the RT-PCR and the rapid antigen testing and the samples of the blood are taken for the detection of the antibody. The antibody detection is done for confirm that the person is previously affected by the novel coronavirus or not. As the lot of peoples are requiring the plasma for the treatment the antibody testing also increasing and boosting the market.
The Europe covid testing kit has the end users like hospitals, clinics, diagnostic laboratories and the home care facilities. The hospitals are having the high requirements for the testing kits as there is a high flow of the covid affected peoples. The clinics are expected to hav low rate of covid testing kit consumptions but the largest consumption of the testing kits is at the diagnostic laboratories. The home care facilities are growing rapidly as there is testing of rapid kits for the detection of the novel coronavirus disease.
Covid testing kit market is studied for the following countries including UK, Germany, France, Italy, and Spain. In Europe region U.K. is anticipated to dominate in the covid testing kit Market. As the U.K. implemented the various mass testing drives, government and manufacturers collaboration for the test kit. Besides presence of key players and new product launches is driving the growth of the Europe region in Pharmacy Automation Market. The other countries like Germany, France, Italy, and Spain are also showing growth on the map.
The major key players in COVID testing kit are Abbott Laboratories, Abingdon Health, Acro Biotech, Advagen Biotech Ltd, Amonmed Biotechnology, Astel Diagnostics, Atomo Diagnostics, Babylon, Becton Dickinson And Company, Beijing Tigsun Diagnostics, Bgi Genomics, Biofire Diagnostics, Biomaxima S.A, Biomedomics Quantlease, Boditech Med, Inc, Canary Health Technologies, Cellex Inc, Cellmid Limited, Certest Biotec, S.L.,Cpc Diagnostics, Ctk Biotech, Danaher Corporation, Diasorin Molecular, Eiken Chemical, Fujirebio, Genmark Diagnostics, Getein Biotech, Hangzhou Biotest Biotech, Healgen Scientific Limited Liability Company, Hi Technologies, Hll Lifecare Limited, Hologic, HunanLituo Biotechnology, Immunoscience, Lab-Care Diagnostics, Labcorp, Letsgetchecked, Mesa Biotech, Motologic, Novacyt Group, Ntbio Diagnostics, Omega Diagnostics, Perkin Elmer, Quest Diagnostics, Quidel Corporation, Roche Molecular Systems, Sd Biosensor, Seegene, Senova, Sensdx S.A, Siemens Healthineers Ag, Sysmex Corporation, Thermo Fisher Scientific Inc., Transasia Bio Medicals, Vanguard Diagnostics, Vivacheck Lab, Voxtur Bio Ltd among others.
The study comprised of the various segment of the covid testing in Europe like by test type, sample type, end users and by kit types. The test type segment is headed by the RT-PCR test as they are more accurate and reliable for the detection of the COVID-19 and the segment of the sample type headed by the Nasal and the throat swabs as there is existence of the viruses. The kit type is leaded by the PCR-Machine as they are required for the detection of the DNA sequence of the virus and study also analysed the various end users like Hospitals, homecare, diagnostic laboratories and the homecare. The study also analyses the country wise dominators of the market in the Europe region the most dominating country is United Kingdom than the Germany, France, Italy, Spain The study also covers the impact of the COVID-19 pandemic on the covid testing kit market of the North America. The study found that the covid-19 has the positive impact on covid testing kit market of North America. The study also identifies the major key players in the region.
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