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COVID-19 Detection Kits Market Share, Trend & Growth Forecast to 2026

The global COVID-19 detection kits market is projected to foresee tremendous revenues over the coming years due to the rapidly increasing demand for highly accurate and efficient RT-PCR based COVID-19 detection kits. Additionally, the high risk of COVID-19 infection in geriatric population would drive the demand for COVID-19 detection kits further.

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COVID-19 Detection Kits Market Share, Trend & Growth Forecast to 2026

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  1. COVID-19 Detection Kits Market 2020-2026; Growth Forecast & Industry Share Report

  2. KeyInsights COVID-19 Detection Kits Market : • The global COVID-19 detection kits market is projected to foresee tremendous revenues over the coming years due to the rapidly increasing demand for highly accurate and efficient RT-PCR based COVID-19 detection kits. Additionally, the high risk of COVID-19 infection in geriatric population would drive the demand for COVID-19 detection kits further. • According to a WHO situation report, the coronavirus infects individuals of all ages. However, up to date evidence suggests that two demographics are at a much higher risk of contracting a severe form COVID-19. These demographics include older people; and people with underlying medical conditions.

  3. Continued… • On the basis of product, the market is bifurcated into immunoassay cassettes/test strips and RT-PCR assay kits. Among these, the test strips or immunoassay cassettes segment is appraised to hold more than 29% industry share in 2020. The consistently growing demand for immunoassay based COVID-19 detection kits owing to their low manufacturing costs is fueling the segment growth. • Additionally, these tests are also easier to conduct, which makes them a preferred choice over other available alternatives. Furthermore, these tests are also capable of detecting past infections. The test strips essentially detect infections by examining the immune response of a patient at the time of as well as post-COVID-19 infection, which is majorly augmenting its demand in the market.

  4. Latest Research COVID-19 Detection Kits Market @ https://bit.ly/3d3dSo9 Request for a Sample Copy of This Research Report @ https://bit.ly/2SrVUSO

  5. Major Companies COVID-19 Detection Kits Market : • Randox Laboratories Ltd • SD BiosensorINC • Seegene Inc • Shenzhen Bioeasy • Thermo Fisher Scienthttps

  6. Regional COVID-19 Detection Kits Market : • Geographically, the APAC COVID-19 detection kits industry is projected to expand at a CAGR of approximately -2.2% through the forecast timespan. This projected growth is ascribed to the number of favorable government-sponsored initiatives for early diagnosis and treatment of COVID-19 across highly affected nations like India, China, and others. • Citing an instance, NIV (National Institute of Virology) has recently developed new immunological assay ELISA test kit for COVID-19 antibody detection. In addition, the strong presence of key companies in the region that are focusing on the development of new products would further impel the market expansion. Recently, Mylab became the first Indian firm to get approval from NIV for their coronavirus RT-PCR test kit.

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