The Business Research Company’s latest report COVID19 Detection Test Kits & Consumables Global Market Report 2020 covers COVID19 Detection Test Kits & Consumables market drivers, COVID19 Detection Test Kits & Consumables market trends, COVID19 Detection Test Kits & Consumables market segments, COVID19 Detection Test Kits & Consumables market growth rate, COVID19 Detection Test Kits & Consumables market major players, and COVID19 Detection Test Kits & Consumables market size. The report provides in-depth analysis of the impact of COVID-19 on the COVID19 Detection Test Kits & Consumables industry, along with revised market numbers due to the effects of the coronavirus.
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COVID19 Detection Test Kits & Consumables Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global COVID-19 detection kits and consumables market is expected to reach $5.2 billion by the end of 2020 and reach $6.1 billion by 2021 at a compound annual growth rate (CAGR) of 17.3%. The growth is mainly attributed to the COVID-19 outbreak and the urgent need to diagnose and treat the growing number of cases. The growth was significant in the first quarter, however, has slightly declined from the end of April 2020 due to the restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. Slowdowns in even one large industrial component can have a domino effect throughout the country. The entire supply chain from production to international trade has been impacted. The current demand has outpaced supply. The market is then expected to stabilize and reach $6.8 billion in 2023 at CAGR 9.61%.
The report covers the COVID19 Detection Test Kits & Consumables market’s segments-
1) By Kits: Viral Load Testing Kits (QPCR AND RT-PCR), Virus-Neutralizing Assay Kits, Antibody Detection Kits (ELISA), Viral Antigen Detection Test Kits, Others.
2) By Consumables: Swabs, Tubes, Viral Transfer Media, Reagents, Other Consumables.
3) By Specimen Type: Nose & Throat Swab, Blood, Sputum, Nasal Aspirate.
4) By End-Use: Hospitals, Clinics, Public Health Labs, Private And Commercial Labs, Physicians Labs, Research Institutes, Others.
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