COVID-19 Test Kit Market by Type (Equipment and Extraction Kits, rRT-PCR Test Kits, and Reagents9, By Application, By End-User, By Region ; Trend Analysis, Competitive Market Share & Forecast, 2020-26
発行: Blueweave Consulting & Research Private Limited
ページ情報: 英文 180 Pages
COVID-19 Test Kit Market by Type (Equipment and Extraction Kits, rRT-PCR Test Kits, and Reagents9 (rRT-PCR Enzyme Mastermix, Human Specimen Control and EUA Positive Control), By Application (Detecting Virus, Monitoring and Others), By End-User (Hospitals, Clinics, Pharmacy Store, Pathology Centre and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2020-26.
In December 2019, reports arose that a mysterious new form of illness had affected hundreds of people in the China region. Some were in a critical situation, and large number of people had died due to it.
Coronaviruses from the animals have evolved (changed) into a new human coronavirus that can spread from person-to-person. This is what happened with the new coronavirus known as SARS-CoV-2, which causes the disease known as COVID-19. Diseases due to coronaviruses in people usually cause mild to moderate illness, like the common cold.
Like other respiratory illnesses, like influenza, human coronaviruses most commonly spread to others from an infected person who has symptoms through, droplets produced through coughing and sneezing, close personal contact, such as caring for an infected person, touching a surface or object with the virus on it, then touching nose, mouth, or eyes before washing hands.
Furthermore, the application of the COVID-19 test kit is to detect viruses, monitor, and intend to track the spread of diseases like influenza, which is expected to grow the global COVID-19 testing kit market size.
Also, many foundations have also funded heavily in curing diseases such as Gates Foundation has funded about USD 20 million in the cause. The Gates Foundation has also pledged USD 5 million to the local response attempts to resist the disease from spreading in the expansion of testing and analysis.
The confirmed cases of corona virus are increasing rapidly across the globe. With China and Italy most affected by it. Corona virus illness was first discovered in China and has spread to numerous country, China has highest case of corona infected people. Whereas as the number of dead in Italy due to COVID-19 has doubled China despite population of Italy comparatively lower than China by huge number.
As COVID-19 is a newly discovered disease, there is huge shortage of kit across the world. With scientist and different leading medical companies working day and night to develop COVID-19 kit. As the disease has spread across the globe and without any proper manufacturing facility to the kit production has caused numerous death and spread of disease. These factor are expected to drive the global COVID-19 market across the globe during forecast period.
Hospitals segment projected to gain maximum revenue due to the massive demand for COVID-19 Testing Kit in hospitals. As hospital provide extra care for the patients and with quarantine facility available in hospitals is main reason for the segment growth.
Hospitals help to detect, monitor patients with person infected with corona virus and help them cure as soon as possible with availability of specialized medical professional available.
Followed by North America, high growth rates in Asia Pacific are expected in the coming years due to growing demand from developing nations such as India and China. In addition, increasing adoption of mechanical technology and IoT gadgets in agriculture is also evaluated in order to drive the AI in the agricultural industry. In addition, Europe is leading in the agricultural sector with a lucrative pace in global AI. Farmers are managing nearly half of the European land area, making agriculture a dominant sector in Europe. The trend in monitoring and reporting tools for indoor and outdoor farms, and providing a visualization of the entire farmer's production using computer vision and artificial intelligence, is increasing the agricultural AI market. Row cultivation is performed by AI in various European countries, where the robot uses 20x less herbicide due to its high accuracy in row crop weeding.