Corona Virus Testing Kit Market, 2020-2025

Corona Virus Testing Kit Market, 2020-2025

Coronavirus testing kit disease (COVID-19) is an infectious disease caused by a new virus. The disease causes respiratory illness (like the flu) with symptoms such as a cough, fever, and in more severe cases, difficulty breathing. WHO declare Coronavirus testing kit disease (COVID-19) is global Epidemic. The first case of COVID -19 reported in 17th Nov, 2019 in Wuhan,China. After that it spread all over the world. Now a days more than 200 countries affected by this Novel corona virus 2019, COVID-19.

As of 2nd March 2020, ~1 million confirmed cases, ~52,000 confirm deaths around globe of the 206 countries, as per World Health Organization (WHO) report. These figures are exponentially increasing, in view of increasing figures governments are trying to get as many testing kits within limit of time to contain the pandemic. As per WHO global report the US, Italy, Spain, China, and Germany are the top five countries having highest cases reported till now. Each country have different test capability as per availability of the testing kits. To minimize the crises of kits companies are increasing their production as per availability of raw materials and infrastructure. As per report, Qiagen, German molecular testing company has increased the production by 70%. Italian company DiaSorin SpA biotech has largest revenue from the new kits.

The national testing agency must have to follow the WHO guideline during the preparation of testing kits. WHO interim guidance for laboratory testing say that, Diagnostic testing for COVID-19 is critical to tracking the virus, understanding epidemiology, informing case management, and to suppressing transmission ( Prioritized Laboratory Testing Strategy According to 4Cs Transmission Scenarios) . the another guideline for laboratory biosafety related to COVID-19 virus which focuses on the packing and shipment . WHO reference laboratories providing confirmatory testing for COVID-19,It is advice to all country who don’t have no testing capacity and national COVID-19 laboratory limited experience on COVID -19 Virus testing are encouraged to send the first five positives and the first ten negative COVID-19 samples to WHO reference laboratories providing confirmatory testing for COVID-19. The testing laboratory must have to fill the booking form which are available o WHO website or national WHO office.

As per market trend report, US importing 400k testing kits from Roche Diagnostics Swiss pharmaceutical company. The test kits developed by the scientists from the University of Philippines has been approved by FDA are available soon. Pishtaz Teb Zaman, Iranian diagnostic company has producing about 80k kits per week, leading in country. Also in India’s first Mylab Pune company’s kit approved by FDA . Bosch new testing kits is capable to produce the result within 3 hr. U.K based Mologic Ltd in collaboration with Senegalese research foundation have made the kits which take about only 10 minutes to complete the test. Thermo Fischer US manufacturer is trying to ramp up the production to 2 million test kits a week.

One of the key factors in tackling the spread of COVID-19 across the globe is testing. There are two main ways to test for infection with SARS-CoV2 (the Coronavirus testing kit that causes COVID-19 disease). The first is a very sensitive test that looks for the RNA of the virus using a technique called RT-PCR. This can detect as little as one virus particle in swabs taken from inside the mouth or nose. A second type of test measures the antibody responses to virus in blood serum. There are many virus components that our bodies make many different antibodies against. Some antibody is very useful, and kills the virus or stops infection.

RT-PCR tests need a laboratory, so it takes time even if the RT-PCR test itself only takes several hours, by the time you add sample collection, transport, and sample processing it can be days before the result is known. Rapid portable RT-PCR machines are the cutting edge of diagnostic technology, and COVID-19 tests are only just becoming available for these machines but even the fastest machines take around two hours. These have been evaluated in the NHS to improve flu treatment.

The coronavirus testing kit market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global coronavirus testing kit market is growing at a fast pace and increasing its geographical footprint rapidly. The global coronavirus testing kit market is valued at US $ xxx million dollars in 2020 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2025 in value.

The growth is comparatively higher in Europe, US and Asia region due kit manufacturers increases in the region. The major growth driver for coronavirus testing kit market globally is spreading the coronavirus testing kit testing kit all over the globe and declares as global epidemic. North America and Europe is anticipated to high growth during the forecast period, owing to huge coronavirus cases which require rapid and large-scale testing to contain the spread of disease.

As there is no vaccine and medicine available at present day on COVID 19 virus, so there are no major impediments to the expansion of global coronavirus testing kit market. Still there are research and innovation going on, testing technology, methodology, vaccine and medicine.

Coronavirus testing kit enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of Coronavirus testing kit market globally. Singapore has developed its own corona virus diagnostic kit, and is prepared to ship them to other countries. Korean made test kits are finding large buyers internationally as almost 50 countries have approached Korean test kit manufacturers. The companies that lead global Coronavirus testing kit market are Qiagen (Germany), Roche (Switzerland), Seegene (South Korea), Solgent (South Korea), Curetis (Germany), Kurabo (Japan), Mologic (UK) and Thermo Fischer (UK), BioMednomics (USA), Getein Biotech (China), Sensing Self Ltd (Singapore), Hangzhou Biotest Biotech (China), AmonMed Biotechnology Co (China), Beijing Tigsun Diagnostics Co Ltd (China), Biomaxima (Poland), CTK Biotech (USA), Hunan Lituo Biotechnology Co (China), Vivacheck Lab (China) and Wondfo (China).

Research Methodology

The research procedure begins with the bifurcation of various market segments of global coronavirus testing kit market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across coronavirus testing kit industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

Insights on the global coronavirus testing kit industry dynamics
Estimation of the present global coronavirus testing kit market size in terms of value and volume
Global coronavirus testing kit market breakup based on type and application
Substantiated global coronavirus testing kit market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global coronavirus testing kit industry value chain.