Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The covid testing kits is used for the conformation and detection of the novel coronavirus disease. There is almost every country is suffered from the pandemic situation of the COVID-19. The pandemic made the dynamic changes in the healthcare systems and it also turned the medical researcher to find out the antidote for novel coronavirus disease also called as COVID-19. As there is high no of testing performed daily has the highest scope to the covid testing kit market to grow and also the government is taking initiative towards the mass testing of the peoples has driven the market to the new extent. But in some way the product recall is hampering the market of covid testing kit in North America
The North America covid testing kit market is presently being driven by several driving factors. The major driving factors for the growth of North America market are increase in the incidence of the covid-19, increase in the technological advancement in the detection of virus. However, the market could get hampered by the lower accuracy of immunoassay-based tests and low demand to supply ratio of the COVID-19 reagents. The North American researchers are working to overcome the market hampering problems by using the various advances in the technology in the sector of the Healthcare.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the Covid testing kit market. In addition, complete analysis of changes on Covid testing kits expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market could not get hampered as such by the COVID-19 Global pandemic as it comes under the essential services. Due to covid-19 global pandemic the market has the positive impact as the no of cases are rising due to the novel coronavirus disease.
The study analyses North America covid testing kit market based on the test type, kit type, sample type, end users and country
The study comprised of the test type like RT-PCR test, rapid antigen test, rapid antibody test and others are analysed in the North American regional market of covid testing kit. The fastest growing test is the rapid antigen test in which the nasal swabs of the specimens are placed into the solution for the detection of the virus. The rapid antigen test is less reliable as compare to the RT-PCR test but its detection time is less than the RT-PCR tests and due to that it is the fastest growing in the covid testing kit market of the North America.
The study analysed the kits like the PCR machines, equipment’s and extraction kits and reagent are comprised in the segment of kit type in NA market of the covid testing kit. The high market share is of the PCR machines as they are more reliable and has the high range of accuracy for the detection of the novel coronavirus disease. The fastest growing in the segments are equipment and extraction kits as they are having the application in the antigen and antibody testing for the detection of the COVID-19 disease.
The study analyses the various sample types like nasal samples, throat samples, blood and other samples. The nasal swabs are taken frequently for the detection of the covid-19 but Nowadays it not reliable to take only the nasal swabs it requires the throat samples also for the detection of the COVID-19. As the virus is present in the nasopharyngeal and oropharyngeal locations, we have to take the samples of the both nasal and the throat.
The study concludes the various end users of the covid testing kits like hospitals, clinics, diagnostic laboratories, and homecare. The hospitals in the North America have the highest consumptions of the covid testing kit as there is increasing in the no of cases day by day. The North America has the well-established healthcare facilities and having the higher no of testing for the detection of the corona virus diseases.
Country wise, the study is comprised of the key countries such as the US, Canada, and Mexico and rest of the North America. The United States held the largest market share of North America covid testing kit market and is likely to dominate the market over the estimated time frame. Well-established healthcare and pharmaceutical industry across the region, increasing research and development centres to develop and manufacture advanced generic pharmaceuticals, medicines, and drug products has boosted the growth of market. In addition presence of major market players across the region are some of the major factors propelling the market growth in the NA region.
The major key players like Abbott Laboratories, Abingdon Health, Acro Biotech, Advagen Biotech Ltd, Amonmed Biotechnology, Astel Diagnostics, Atomo Diagnostics, Babylon, Becton Dickinson And Company, Beijing Tigsun Diagnostics, Bgi Genomics, Biofire Diagnostics, Biomaxima S.A, Biomedomics Quantlease, Boditech Med, Inc, Canary Health Technologies, Cellex Inc, Cellmid Limited, Certest Biotec, S.L.,Cpc Diagnostics, Ctk Biotech, Danaher Corporation, Diasorin Molecular, Eiken Chemical, Fujirebio, Genmark Diagnostics, Getein Biotech, Hangzhou Biotest Biotech, Healgen Scientific Limited Liability Company, Hi Technologies, Hll Lifecare Limited, Hologic, HunanLituo Biotechnology, Immunoscience, Lab-Care Diagnostics, Labcorp, Letsgetchecked, Mesa Biotech, Motologic, Novacyt Group, Ntbio Diagnostics, Omega Diagnostics, Perkin Elmer, Quest Diagnostics, Quidel Corporation, Roche Molecular Systems, Sd Biosensor, Seegene, Senova, Sensdx S.A, Siemens Healthineers Ag, Sysmex Corporation, Thermo Fisher Scientific Inc., Transasia Bio Medicals, Vanguard Diagnostics, Vivacheck Lab, Voxtur Bio Ltd among others.
The study comprised of the various segment of the covid testing in North America like by test type, sample type, end users and by kit types. The test type segment is headed by the RT-PCR test as they are more accurate and reliable for the detection of the COVID-19 and the segment of the sample type headed by the Nasal and the throat swabs as there is existence of the viruses. The kit type is leaded by the PCR-Machine as they are required for the detection of the DNA sequence of the virus and study also analysed the various end users like Hospitals, homecare, diagnostic laboratories and the homecare. The study also analyses the country wise dominators of the market in the NA region the most dominating country is United States than the Canada and Mexico. The study also covers the impact of the COVID-19 pandemic on the covid testing kit market of the North America. The study found that the covid-19 has the positive impact on covid testing kit market of North America. The study also identifies the major key players in the region.
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