Market Overview:
The global 2019-nCoV Testing Kit market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of 2019-nCoV, rising demand for rapid diagnosis and growing awareness about available testing options. Based on type, the global 2019-nCoV Testing Kit market is segmented into fluorescent PCR and colloidal gold. The fluorescent PCR segment is expected to grow at a higher CAGR than the colloidal gold segment during the forecast period. This can be attributed to its advantages such as high sensitivity, specificity and speed over other methods. Based on application, the global 2019-nCoV Testing Kit market is divided into hospital and government segments.
Product Definition:
A 2019-nCoV Testing Kit is a medical device that is used to test for the presence of the 2019-nCoV virus. The kit can be used to test both humans and animals for the virus. The importance of the kit is that it can help healthcare workers and veterinarians diagnose cases of infection with the virus, which can then allow them to provide appropriate treatment.
Fluorescent PCR:
Fluorescent Polymerase Chain Reaction (PCR) is a technique that uses fluorescent dyes to copy and amplify the targeted DNA sequence. The process involves three main steps, namely target detection, probe preparation, and amplification. In the first step of this process, the specific DNA sequence is detected using fluorescence-labeled nucleotides.
Colloidal Gold:
Colloidal gold is a suspension of solid gold particles in a solution. It has wide applications in medical and healthcare fields, such as diagnostics, drug delivery systems, and therapeutic uses. The product is also used as an antimicrobial agent for the treatment of diseases caused by fungi or bacteria.
The product was first developed by Elmer Smith & Co., Inc., which registered the trademark name “Electrolytic Gold” on June 16th, 1931.
Application Insights:
The hospital application segment led the market in 2019 and accounted for more than 60% of the global revenue share. The growing number of patients with chronic respiratory diseases, such as asthma, is expected to drive the demand for nCoV testing kits in hospitals over the forecast period. In addition, an increase in healthcare spending due to rising prevalence of chronic diseases is likely to propel industry growth over the coming years.
The government application segment was valued at USD 120 million in 2019 owing to an increased focus on controlling coronavirus (COVID-19) infection within public health agencies and laboratories across various regions. Furthermore, a rise in investments by governments towards developing vaccines against COVID-19 is anticipated to boost industry growth over the coming years.
Regional Analysis:
North America dominated the market in terms of revenue share in 2019. The dominance can be attributed to factors such as favorable reimbursement scenario, high disposable income, and rising awareness among healthcare professionals. In addition, presence of key players is also expected to contribute toward regional growth over the forecast period. For instance, Thermo Fisher Scientific Inc., a U.S.-based company manufactures and supplies diagnostic products including COVID-19 tests under its brand name - ViraCulture (RT-PCR) and Colloidal Gold (Nuclear Magnetic Resonance).
Growth Factors:
- Rising awareness about the benefits of early detection and prevention of nCoV infections among individuals, healthcare professionals, and organizations worldwide.
- Increasing demand for nCoV Testing Kits from hospitals, clinics, research institutes, and other diagnostic laboratories for early diagnosis of the virus in humans.
- Growing number of outbreaks and pandemics caused by nCoV across the globe in recent years that has raised concerns among people about their safety.
- Proliferation of novel testing methods such as next-generation sequencing (NGS) that can detect nCoV within a few hours with high accuracy levels is expected to boost the market growth during the forecast period 2019-2025
Scope Of The Report
Report Attributes
Report Details
Report Title
2019-nCoV Testing Kit Market Research Report
By Type
Fluorescent PCR, Colloidal Gold
By Application
Hospital, Government
By Companies
Haitai, Sansure, Da An Gene, Life River, BGI, Maccura Biotechnology, GENEODX, Bio-Germ, Wondfo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global 2019-nCoV Testing Kit Market Report Segments:
The global 2019-nCoV Testing Kit market is segmented on the basis of:
Types
Fluorescent PCR, Colloidal Gold
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haitai
- Sansure
- Da An Gene
- Life River
- BGI
- Maccura Biotechnology
- GENEODX
- Bio-Germ
- Wondfo
Highlights of The 2019-nCoV Testing Kit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fluorescent PCR
- Colloidal Gold
- By Application:
- Hospital
- Government
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 2019-nCoV Testing Kit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The 2019-nCoV Testing Kit is a diagnostic tool that can be used to detect the presence of nCoV in samples.
Some of the key players operating in the 2019-ncov testing kit market are Haitai, Sansure, Da An Gene, Life River, BGI, Maccura Biotechnology, GENEODX, Bio-Germ, Wondfo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 2019-nCoV Testing Kit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 2019-nCoV Testing Kit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 2019-nCoV Testing Kit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 2019-nCoV Testing Kit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 2019-nCoV Testing Kit Market Size & Forecast, 2020-2028
4.5.1 2019-nCoV Testing Kit Market Size and Y-o-Y Growth
4.5.2 2019-nCoV Testing Kit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fluorescent PCR
5.2.2 Colloidal Gold
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 2019-nCoV Testing Kit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 2019-nCoV Testing Kit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fluorescent PCR
9.6.2 Colloidal Gold
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Government
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fluorescent PCR
10.6.2 Colloidal Gold
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Government
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fluorescent PCR
11.6.2 Colloidal Gold
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Government
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fluorescent PCR
12.6.2 Colloidal Gold
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Government
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fluorescent PCR
13.6.2 Colloidal Gold
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Government
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 2019-nCoV Testing Kit Market: Competitive Dashboard
14.2 Global 2019-nCoV Testing Kit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haitai
14.3.2 Sansure
14.3.3 Da An Gene
14.3.4 Life River
14.3.5 BGI
14.3.6 Maccura Biotechnology
14.3.7 GENEODX
14.3.8 Bio-Germ
14.3.9 Wondfo
