COVID-19 Rapid Test Kits Market Industry Trends And Emerging Opportunities Till 2023

The COVID-19 Rapid Test Kits Global Market Report 2020-30 by The Business Research Company describes and explains the global COVID-19 rapid test kits market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

The COVID-19 Rapid Test Kits Global Market Opportunities And Strategies Report covers COVID-19 rapid test kits market drivers, COVID-19 rapid test kits market trends, COVID-19 rapid test kits market segments, COVID-19 rapid test kits market growth rate, COVID-19 rapid test kits market major players, and COVID-19 rapid test kits market size.

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The COVID-19 rapid test kits market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.

COVID-19 Rapid Test Kits Global Market Opportunities And Strategies Report 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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 Trends in the market include:

Use Of Artificial Intelligence-

Artificial Intelligence is being increasingly incorporated with rapid diagnostic test kits to increase the efficiency of diagnosis. Artificial intelligence (AI) refers to the simulation of human intelligence in computer-controlled machines that are programmed to perform tasks, which usually require human intelligence. Artificial Intelligence algorithms are being used to integrate the findings of chest CT with clinical symptoms, exposure history, and laboratory testing to increase the chance of early detection of infection. For instance, in March 2020, Surgisphere Corporation, an American healthcare analytics company introduced a rapid diagnostic test for COVID-19 that uses artificial intelligence (AI). Surgisphere’s intelligent tool uses 3 common lab tests to identify patients who are likely to be COVID-19 positive. The company used QuartzClinical, its healthcare data analytics platform to identify coronavirus infected patients in five countries. It then used the data collected to create a decision tree based machine learning model to develop the decision support tool.v Using Artificial Intelligence helps with early detection of COVID-19 patients, thereby increasing probability of better treatment.

Collaborations Between Governments And Manufacturers-

COVID-19 rapid test kit manufacturers are increasingly entering into agreements with governments for mutual benefits. To mitigate supply chain issues and global shortage of rapid test kits governments are increasingly forming tie-ups with local and international manufacturers. For example, in May 2020, the Indian government partnered with Zydus Cadila, a Gujarat-based pharmaceutical company for mass production of Elisa kits, which were developed by the Indian Council of Medical Research.vi Collaborations between governments and manufacturers help in increasing the scale of production.

The market is segmented:
By Test Type-

1. RT PCR Test
2. Rapid Antigen Test
3. Rapid Antibody Test
4. Others

By Kit Type–

1. PCR Machines
2. Equipment And Extraction Kits
3. Reagents

By Specimen Type–

1. Nasopharyngeal Swab
2. Oropharyngeal Swab
3. Nasal Swab
4. Blood
5. Others

By End-Users–

1. Hospitals And Clinics
2. Diagnostic Laboratories
3. Home Care
4. Others

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