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As of now, the world is battling Covid-19. The name “Covid-19” says “Corona Virus Disease -2019” as the first traces were found in human body in 2019.
The term “Corona Virus” is coined regarding the family of viruses that get transmitted between humans and animals. As such, they are also called “zoonotic viruses”.
By the end of Mar 2020, the WHO confirmed that Covid-19 outbreak has spread to 213 countries across 6 continents.
The common symptoms observed are dry cough, fatigue, fever, sore throat, shortness of breath, body pain/ache, and even diarrhea in a few cases. At times, runny nose and nausea are also observed.
Till recently, this infection was reported to spread from person to person through saliva or nasal discharge, especially on the infected person sneezing or coughing. However, of late, WHO issued guidelines for airborne transmission as well. The time between a person getting exposed to Covid-19 and onset of symptoms is usually 12-14 days.
RT PCR (Reverse Trascriptase PCR) remains the preferred mode of treatment for coronavirus testing. This technique is advantageous such that primers used can be produced with utmost speed.
As such, multiplex RT PCR is the most preferred diagnostic test with regards to Covid-19. Many molecular diagnostics companies are focusing on developing affordable RT PCR tests.
Along the above-mentioned lines, efforts are being taken by certain players to cater to the increasing number of Covid-19 affected patients. They are likely to substantiate the Covid-diagnostics market in the forecast period (2020-2030).
For instance –
Apart from the market players, educational and research institutes are putting their best foot forward to develop safer and quicker coronavirus diagnostic test kits.
For instance –
Recently, several people who had shown no symptoms of Covid-19 have been reported to have contracted Covid-19. This has actually put the healthcare personnel in a fix, as there is no way out other than mass testing.
To enable this testing at a large scale, Covid-19 testing kits also need to be available in large numbers. For instance – Roche’s testing head mentioned that demand for equipment for processing Covid-19 tests has increased to the levels it would normally see over 4 to 5 years.
On these grounds, the company is planning to introduce novel antibody tests by the end of 2020 to widen its offering pertaining to the same.
Moreover, local players across the globe are trying their best to table Covid-19 test kits, so that detection gets speeded up and so do the medications. For instance – In Apr 2020, FastSense Diagnostics, an India-based start-up, developed rapid diagnostic kits to screen Covid-19.
Similarly, South Korea-based SD Biosensor, in Apr 2020, obtained the license to produce Covid-19 test kits in India. Also, Voxtur Bio, around the same time, started manufacturing rapid test kits to address Covid-19.
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The Covid-19 pandemic has taken the entire world on a ride. As of now, the US, Russia, Italy, Spain, Brazil, India, Australia are amongst the worst affected countries. As such, North America, Europe, Latin America, Oceania, Asia-Pacific – all the continents are battling Covid-19. Right now, there are 14,971,036 confirmed cases, inclusive of 618,017 deaths, as reported by the WHO.
Americas is top-seeded with 7,948,513, Europe stands second with 3,124,701, and South-East Asia with 1,571,317 confirmed cases. So, Americas are requiring the highest number of Covid-19 test kits. The status quo is expected to remain the same in the subsequent quarters as it will definitely take time for Covid-19 to reach the “below par” mark.
Also, Switzerland and Czech Republic have increasing testing capacity on their part in the last few months. As far as Asia Pacific is concerned, profitable partnership initiatives amongst India, South Korea, Japan regarding penetration of Covid-19 diagnostic products are expected to bolster the market
The key players are into accelerating production as well as supply of Covid-10 diagnostic test kits for keeping pace with requirement for disease containment. For example – Roche, in Mar 2020, did initiate shipment of Cobas SARS-CoV-2 test kits’ first allotment.
Around 400,000 test kits were shipped all across the US hospitals and reference laboratories. Likewise, it started shipping additional 400,000 additional test kits every week.
Likewise, the players are working on collaborative approach to cope with Covid-19 crisis and also expand business. For instance, Quest Diagnostics, in May 2020, collaborated with Ortho Clinical Diagnostics with the objective of expanding Covid-19 testing across 20+ labs all through the US. Ortho’s VITROS Immunodiagnostic products Anti-SARS-CoV-2 IgG test for speeding up Covid-19 testing in the patients.
The other major players include:
The Covid-19 diagnostics market is expected to go strong in the upcoming period. Even when a vaccine is eventually developed, testing will still be around, as inoculating entire population will take time.
The market players are already on to the expansion spree in terms of production of diagnostic kits. However, they need to devise ways to mellow down on the costs, which is one of the most competitive factors for them at the global level. The local players are already giving them a tough fight in this regard.
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Sample Type
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The covid-19 diagnostics market is likely to secure a CAGR of 7.7% through 2032.
The covid-19 diagnostics market size is estimated to cross US$ 204.51 Bn by 2032.
The covid-19 diagnostics market is likely to record a value of US$ 97.4 Bn in 2022.
Europe is likely to lead the covid-19 diagnostics market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions and Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Technology Adoption / Usage Analysis 4.2. Key Product Features and their USPs 4.3. Key Promotional Strategies, By Manufacturers 4.4. Regulations, By Region 5. Global Market (Volume in Units) Analysis 2015-2019 and Forecast, 2020-2030 5.1. Historical Market Volume (in Units) Analysis, 2015-2019 5.2. Current and Future Market Volume (in Units) Projections, 2020-2030 6. Global Market - Pricing Analysis 6.1. Average Pricing Analysis By Region 6.2. Pricing Break-up 6.2.1. Manufacturer Level Pricing 6.2.2. Distributor Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Demand (Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019 7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Per Capita Healthcare Expenditure Outlook 8.2. Forecast Factors - Relevance & Impact 8.2.1. Increase in R&D Funding and Grants 8.2.2. Increase in Number of Corona Virus Disease Cases 8.2.3. Diagnosis Seeking Rate 8.2.4. COVID-19 Disease Mortality Rate 8.2.5. Industry Consolidation to Increase Capacity 8.2.6. Increase in Manufacturing Activity 8.3. Market Dynamics 8.3.1. Drivers 8.3.2. Restraints 8.3.3. Opportunity Analysis 8.4. COVID19 Crisis Analysis 8.4.1. Current COVID19 Statistics and Probable Future Impact 8.4.2. Current GDP Projection and Probable Impact 8.4.3. Current Economic Projection as compared to 2008 Economic analysis 8.4.4. COVID19 and Impact Analysis 8.4.4.1. Revenue By Product Type 8.4.4.2. Revenue By Sample Type 8.4.4.3. Revenue By Technology 8.4.4.4. Revenue By End User 8.4.4.5. Revenue By Country 8.4.5. 2020 Market Scenario 8.4.6. Quarter by Quarter Forecast 8.4.7. Projected recovery Quarter 8.4.8. Recovery Scenario – Short term, Midterm and Long Term Impact 9. Global Market Analysis 2015-2019 and Forecast 2020-2030, by Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) & Volume Analysis By Product Type, 2015-2019 9.3. Current and Future Market Size (US$ Mn) & Volume Analysis and Forecast By Product Type, 2020-2030 9.3.1. Instruments 9.3.2. Test Kits 9.3.2.1. Rapid Test Kits 9.3.2.2. Assay Based Test Kits 9.3.3. Reagents and Consumables 9.4. Market Attractiveness Analysis By Product Type 10. Global Market Analysis 2015-2019 and Forecast 2020-2030, by Sample Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) By Sample Type, 2015-2019 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Sample Type, 2020-2030 10.3.1. Oropharyngeal & Nasopharyngeal Swabs 10.3.2. Blood 10.3.3. Urine 10.3.4. Others 10.4. Market Attractiveness Analysis By Sample Type 11. Global Market Analysis 2015-2019 and Forecast 2020-2030, by Technology 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By Technology, 2015-2019 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Technology, 2020-2030 11.3.1. PCR 11.3.2. ELISA 11.3.3. POC 11.4. Market Attractiveness Analysis By Technology 12. Global Market Analysis 2015-2019 and Forecast 2020-2030, by End User 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Mn) Analysis By End User, 2015-2019 12.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2020-2030 12.3.1. Hospitals 12.3.2. Speciality Clinics 12.3.3. Diagnostic Centers 12.3.4. Pathology Laboratories 12.3.5. Research Institutes 12.4. Market Attractiveness Analysis By End User 13. Global Market Analysis 2015-2019 and Forecast 2020-2030, by Region 13.1. Introduction 13.2. Historical Market Size (US$ Mn) & Volume Analysis By Region, 2015 - 2019 13.3. Current Market Size (US$ Mn) & Volume Analysis and Forecast By Region, 2020 - 2030 13.3.1. North America 13.3.2. Latin America 13.3.3. Europe 13.3.4. East Asia 13.3.5. South Asia 13.3.6. Oceania 13.3.7. Middle East and Africa (MEA) 13.4. Market Attractiveness Analysis By Region 14. North America Market Analysis 2015-2019 and Forecast 2020-2030 14.1. Introduction 14.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 14.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 14.3.1. By Country 14.3.1.1. U.S. 14.3.1.2. Canada 14.3.2. By Product Type 14.3.3. By Sample Type 14.3.4. By Technology 14.3.5. By End User 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. Latin America Market Analysis 2015-2019 and Forecast 2020-2030 15.1. Introduction 15.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 15.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 15.3.1. By Country 15.3.1.1. Brazil 15.3.1.2. Mexico 15.3.1.3. Argentina 15.3.1.4. Rest of Latin America 15.3.2. By Product Type 15.3.3. By Sample Type 15.3.4. By Technology 15.3.5. By End User 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. Europe Market Analysis 2015-2019 and Forecast 2020-2030 16.1. Introduction 16.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 16.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 16.3.1. By Country 16.3.1.1. Germany 16.3.1.2. Italy 16.3.1.3. France 16.3.1.4. U.K. 16.3.1.5. Spain 16.3.1.6. BENELUX 16.3.1.7. Russia 16.3.1.8. Rest of Europe 16.3.2. By Product Type 16.3.3. By Sample Type 16.3.4. By Technology 16.3.5. By End User 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. South Asia Market Analysis 2015-2019 and Forecast 2020-2030 17.1. Introduction 17.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 17.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 17.3.1. By Country 17.3.1.1. India 17.3.1.2. Thailand 17.3.1.3. Indonesia 17.3.1.4. Malaysia 17.3.1.5. Rest of South Asia 17.3.2. By Product Type 17.3.3. By Sample Type 17.3.4. By Technology 17.3.5. By End User 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. East Asia Market Analysis 2015-2019 and Forecast 2020-2030 18.1. Introduction 18.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 18.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 18.3.1. By Country 18.3.1.1. China 18.3.1.2. Japan 18.3.1.3. South Korea 18.3.2. By Product Type 18.3.3. By Sample Type 18.3.4. By Technology 18.3.5. By End User 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Oceania Market Analysis 2015-2019 and Forecast 2020-2030 19.1. Introduction 19.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 19.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 19.3.1. By Country 19.3.1.1. Australia 19.3.1.2. New Zealand 19.3.2. By Product Type 19.3.3. By Sample Type 19.3.4. By Technology 19.3.5. By End User 19.4. Market Attractiveness Analysis 19.5. Key Market Participants - Intensity Mapping 19.6. Drivers and Restraints - Impact Analysis 20. Middle East and Africa Market Analysis 2015-2019 and Forecast 2020-2030 20.1. Introduction 20.2. Historical Market Size (US$ Mn) & Volume Analysis By Market Taxonomy, 2015-2019 20.3. Market Size (US$ Mn) & Volume Forecast By Market Taxonomy, 2020-2030 20.3.1. By Country 20.3.1.1. GCC Countries 20.3.1.2. Turkey 20.3.1.3. South Africa 20.3.1.4. Rest of Middle East and Africa 20.3.2. By Product Type 20.3.3. By Sample Type 20.3.4. By Technology 20.3.5. By End User 20.4. Market Attractiveness Analysis 20.5. Key Market Participants - Intensity Mapping 20.6. Drivers and Restraints - Impact Analysis 21. Key and Emerging Countries Market Analysis 2015-2019 and Forecast 2020-2030 21.1. Introduction 21.1.1. Market Value Proportion Analysis, By Key Countries 21.1.2. Global Vs. Country Growth Comparison 21.2. U.S. Market Analysis 21.2.1. By Product Type 21.2.2. By Sample Type 21.2.3. By Technology 21.2.4. By End User 21.3. Canada Market Analysis 21.3.1. By Product Type 21.3.2. By Sample Type 21.3.3. By Technology 21.3.4. By End User 21.4. Mexico Market Analysis 21.4.1. By Product Type 21.4.2. By Sample Type 21.4.3. By Technology 21.4.4. By End User 21.5. Brazil Market Analysis 21.5.1. By Product Type 21.5.2. By Sample Type 21.5.3. By Technology 21.5.4. By End User 21.6. U.K. Market Analysis 21.6.1. By Product Type 21.6.2. By Sample Type 21.6.3. By Technology 21.6.4. By End User 21.7. Germany Market Analysis 21.7.1. By Product Type 21.7.2. By Sample Type 21.7.3. By Technology 21.7.4. By End User 21.8. France Market Analysis 21.8.1. By Product Type 21.8.2. By Sample Type 21.8.3. By Technology 21.8.4. By End User 21.9. Italy Market Analysis 21.9.1. By Product Type 21.9.2. By Sample Type 21.9.3. By Technology 21.9.4. By End User 21.10. Spain Market Analysis 21.10.1. By Product Type 21.10.2. By Sample Type 21.10.3. By Technology 21.10.4. By End User 21.11. BENELUX Market Analysis 21.11.1. By Product Type 21.11.2. By Sample Type 21.11.3. By Technology 21.11.4. By End User 21.12. Russia Market Analysis 21.12.1. By Product Type 21.12.2. By Sample Type 21.12.3. By Technology 21.12.4. By End User 21.13. China Market Analysis 21.13.1. By Product Type 21.13.2. By Sample Type 21.13.3. By Technology 21.13.4. By End User 21.14. Japan Market Analysis 21.14.1. By Product Type 21.14.2. By Sample Type 21.14.3. By Technology 21.14.4. By End User 21.15. South Korea Market Analysis 21.15.1. By Product Type 21.15.2. By Sample Type 21.15.3. By Technology 21.15.4. By End User 21.16. India Market Analysis 21.16.1. By Product Type 21.16.2. By Sample Type 21.16.3. By Technology 21.16.4. By End User 21.17. ASEAN Market Analysis 21.17.1. By Product Type 21.17.2. By Sample Type 21.17.3. By Technology 21.17.4. By End User 21.18. Australia Market Analysis 21.18.1. By Product Type 21.18.2. By Sample Type 21.18.3. By Technology 21.18.4. By End User 21.19. New Zealand Market Analysis 21.19.1. By Product Type 21.19.2. By Sample Type 21.19.3. By Technology 21.19.4. By End User 21.20. GCC Countries Market Analysis 21.20.1. By Product Type 21.20.2. By Sample Type 21.20.3. By Technology 21.20.4. By End User 21.21. Turkey Market Analysis 21.21.1. By Product Type 21.21.2. By Sample Type 21.21.3. By Technology 21.21.4. By End User 21.22. South Africa Market Analysis 21.22.1. By Product Type 21.22.2. By Sample Type 21.22.3. By Technology 21.22.4. By End User 22. Market Structure Analysis 22.1. Market Analysis by Tier of Companies 22.2. Market Concentration 22.3. Market Share Analysis of Top Players 22.4. Market Presence Analysis 22.4.1. By Regional footprint of Players 22.4.2. Product foot print by Players 22.4.3. Channel Foot Print by Players 23. Competition Analysis 23.1. Competition Dashboard 23.2. Competition Benchmarking 23.3. Competition Deep Dive 23.3.1. Thermo Fisher Scientific, Inc. 23.3.1.1. Overview 23.3.1.2. Product Portfolio 23.3.1.3. Profitability by Market Segments (Product/Channel/Region) 23.3.1.4. Sales Footprint 23.3.1.5. Strategy Overview 23.3.1.5.1. Marketing Strategy 23.3.1.5.2. Product Strategy 23.3.1.5.3. Channel Strategy 23.3.2. Danaher 23.3.2.1. Overview 23.3.2.2. Product Portfolio 23.3.2.3. Profitability by Market Segments (Product/Channel/Region) 23.3.2.4. Sales Footprint 23.3.2.5. Strategy Overview 23.3.2.5.1. Marketing Strategy 23.3.2.5.2. Product Strategy 23.3.2.5.3. Channel Strategy 23.3.3. F. Hoffman-La Roche Ltd. 23.3.3.1. Overview 23.3.3.2. Product Portfolio 23.3.3.3. Profitability by Market Segments (Product/Channel/Region) 23.3.3.4. Sales Footprint 23.3.3.5. Strategy Overview 23.3.3.5.1. Marketing Strategy 23.3.3.5.2. Product Strategy 23.3.3.5.3. Channel Strategy 23.3.4. Hologic Inc. 23.3.4.1. Overview 23.3.4.2. Product Portfolio 23.3.4.3. Profitability by Market Segments (Product/Channel/Region) 23.3.4.4. Sales Footprint 23.3.4.5. Strategy Overview 23.3.4.5.1. Marketing Strategy 23.3.4.5.2. Product Strategy 23.3.4.5.3. Channel Strategy 23.3.5. Laboratory Corporation of America Holdings 23.3.5.1. Overview 23.3.5.2. Product Portfolio 23.3.5.3. Profitability by Market Segments (Product/Channel/Region) 23.3.5.4. Sales Footprint 23.3.5.5. Strategy Overview 23.3.5.5.1. Marketing Strategy 23.3.5.5.2. Product Strategy 23.3.5.5.3. Channel Strategy 23.3.6. Luminex Corporation 23.3.6.1. Overview 23.3.6.2. Product Portfolio 23.3.6.3. Profitability by Market Segments (Product/Channel/Region) 23.3.6.4. Sales Footprint 23.3.6.5. Strategy Overview 23.3.6.5.1. Marketing Strategy 23.3.6.5.2. Product Strategy 23.3.6.5.3. Channel Strategy 23.3.7. Mylab Discovery Solutions Pvt Ltd. 23.3.7.1. Overview 23.3.7.2. Product Portfolio 23.3.7.3. Profitability by Market Segments (Product/Channel/Region) 23.3.7.4. Sales Footprint 23.3.7.5. Strategy Overview 23.3.7.5.1. Marketing Strategy 23.3.7.5.2. Product Strategy 23.3.7.5.3. Channel Strategy 23.3.8. Neuberg Diagnostics 23.3.8.1. Overview 23.3.8.2. Product Portfolio 23.3.8.3. Profitability by Market Segments (Product/Channel/Region) 23.3.8.4. Sales Footprint 23.3.8.5. Strategy Overview 23.3.8.5.1. Marketing Strategy 23.3.8.5.2. Product Strategy 23.3.8.5.3. Channel Strategy 23.3.9. Perkin Elmer, Inc. 23.3.9.1. Overview 23.3.9.2. Product Portfolio 23.3.9.3. Profitability by Market Segments (Product/Channel/Region) 23.3.9.4. Sales Footprint 23.3.9.5. Strategy Overview 23.3.9.5.1. Marketing Strategy 23.3.9.5.2. Product Strategy 23.3.9.5.3. Channel Strategy 23.3.10. Quest Diagnostics 23.3.10.1. Overview 23.3.10.2. Product Portfolio 23.3.10.3. Profitability by Market Segments (Product/Channel/Region) 23.3.10.4. Sales Footprint 23.3.10.5. Strategy Overview 23.3.10.5.1. Marketing Strategy 23.3.10.5.2. Product Strategy 23.3.10.5.3. Channel Strategy 23.3.11. Quidel Corporation 23.3.11.1. Overview 23.3.11.2. Product Portfolio 23.3.11.3. Profitability by Market Segments (Product/Channel/Region) 23.3.11.4. Sales Footprint 23.3.11.5. Strategy Overview 23.3.11.5.1. Marketing Strategy 23.3.11.5.2. Product Strategy 23.3.11.5.3. Channel Strategy 23.3.12. Merck KGaA 23.3.12.1. Overview 23.3.12.2. Product Portfolio 23.3.12.3. Profitability by Market Segments (Product/Channel/Region) 23.3.12.4. Sales Footprint 23.3.12.5. Strategy Overview 23.3.12.5.1. Marketing Strategy 23.3.12.5.2. Product Strategy 23.3.12.5.3. Channel Strategy 23.3.13. Veredus Laboratories 23.3.13.1. Overview 23.3.13.2. Product Portfolio 23.3.13.3. Profitability by Market Segments (Product/Channel/Region) 23.3.13.4. Sales Footprint 23.3.13.5. Strategy Overview 23.3.13.5.1. Marketing Strategy 23.3.13.5.2. Product Strategy 23.3.13.5.3. Channel Strategy 23.3.14. Abbott Laboratories 23.3.14.1. Overview 23.3.14.2. Product Portfolio 23.3.14.3. Profitability by Market Segments (Product/Channel/Region) 23.3.14.4. Sales Footprint 23.3.14.5. Strategy Overview 23.3.14.5.1. Marketing Strategy 23.3.14.5.2. Product Strategy 23.3.14.5.3. Channel Strategy 24. Assumptions and Acronyms Used 25. Research Methodology
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