Coronavirus infection is rising at an alarming rate globally. The total number of worldwide coronavirus cases has reached 2.2 million. The entire world is fighting with the challenges caused by the spread of COVID-19 pandemic. Currently, early-stage diagnosis of COVID-19 is the key challenge faced by the countries across the globe. For instance, the U.S. has already faced community transmission in multiple states due to delay in the testing of patients in the initial stages in the country. Further, countries are striving to develop a sustainable system through creating collaboration between government bodies, the public health sector, and clinical laboratories for speedy development and implementation of diagnostic tests globally. Moreover, increasing patient volume, as well as the demand for continuous monitoring of blood gases in respiratory patients, has created a major challenge for healthcare facilities. These factors would drive the demand for the COVID-19 diagnostic market during the forecast period.
According to 6Wresearch, Global COVID-19 Diagnostic Market is projected to grow substantially during 2020-2026. This growth is primarily driven by the rising number of worldwide deaths on a day by day basis, increasing spending by various countries for manufacturing diagnostic kits in huge volumes, rising demand for hospital services as well as increasing need for real-time treatment and management of patients globally. Further, the need for COVID-19 diagnostic equipment will increase significantly in countries once the lockdown period is over and people will move out of their residence, a large number of testing samples would be required instantly across regions by the healthcare professionals. Additionally, several major players are coming up with their testing solutions globally to offer patient testing services during the Coronavirus pandemic such as Abbott and AusDiagnostics.
Key Highlights of the Report:
- Porter’s Five Force Analysis and Market Opportunity Assessment
- Global COVID-19 Diagnostic Market Shares, By players
- Global COVID-19 Diagnostic Market Trends
- Global COVID-19 Diagnostic Market Outlook
- Global COVID-19 Diagnostic Market Forecast
- Historical Data of Global COVID-19 Diagnostic Market Revenues for the Period 2016-2019
- Global COVID-19 Diagnostic Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Global COVID-19 Diagnostic Market Overview
- Market Drivers & Restraints
- Global COVID-19 Diagnostic Markets and Industry Life Cycle
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