Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

COVID-19 Diagnostics Market Size to Reach Revenues of over USD 13 Billion in 2020 - Arizton

This image opens in the lightbox

News provided by

Arizton Advisory & Intelligence

08 Dec, 2020, 15:00 GMT

Share this article

Share toX

Share this article

Share toX

CHICAGO, Dec. 8, 2020 /PRNewswire/ -- - In-depth analysis and data-driven insights on the impact of COVID-19 included in this global COVID-19 diagnostics market report.

The global COVID-19 diagnostics market is expected to grow at a CAGR of around (9)% during the period 2020−2026.

Key Highlights Offered in the Report:  

1.  The countries across the globe are planning to conduct mass testing for COVID-19 to diagnose and isolate the affected patients, helping to contain the spread of the coronavirus.

2.  APAC accounted for the largest share of the market with around 42% in 2019.  This is primarily due to the larger population present and large numbers of tests were conducted by countries such as China, India, and Singapore in this region.

3.  The PCR segment accounted for the largest share of the market in 2019. WHO recommended it as a gold standard test for the COVID-19 diagnosis, which made countries use it for testing. The demand for the PCR-based tests have increased by 300 times, compared to pre-COVID-19 situation.

4.  The molecular segment accounted for the largest share in 2019, as most of the immunoassays had their sensitivity and specificity very less during the initial days of the pandemic. This made people prefer using molecular techniques like PCR for the accurate diagnosis.

5.  The diagnostic laboratories dominated the market share, as majority of the public labs and private labs prioritized working towards the diagnosis of COVID-19 samples during the pandemic.

6.  Once the vaccine for the COVID-19 is released into the market, the pandemic status for coronavirus will be removed, which will become like one of the normal infectious diseases and it will reduce the demand for the test kits in the market.

Key Offerings:

  • Market Size & Forecast by Revenue | 2020−2026
  • Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
  • Market Segmentation – A detailed analysis by product, end-users, test, technology, and geography
  • Competitive Landscape – 6 key vendors and 49 other vendors

Get your sample today! https://www.arizton.com/market-reports/covid-19-diagnostics-market-size-analysis 

COVID-19 Diagnostics Market – Segmentation

  • The demand for consumables, including biomarkers and reagents, including substrates, enzymes, electrolytes, specific proteins, lipids, and point-of-care test kits, is growing as they obtain quick and accurate results for diagnosing diseases, including COVID-19. The need to perform rapid testing to detect coronavirus spread across the world is driving the demand for consumables.
  • As RT-PCR testing is considered exceptionally reliable, the segment constituted over 75% of the global COVID diagnostics market share. The market is witnessing an increasing uptake of PCR testing to deliver a reliable diagnosis in quick succession. Currently, the reverse transcription-polymerase chain reaction (RT-PCR Test) is a standard for diagnosing COVID-19.
  • Immunoassay tests received a setback in most countries due to their limited specificity and sensitivity. They produced several false positive and false negative results, which made people look for alternative tests. However, vendors came up with high sensitivity and specific immunoassay tests with superior results.

COVID-19 Diagnostics Market by Product

  • Consumables
  • Analyzers/Instruments

COVID-19 Diagnostics Market by Test 

  • PCR
  • Antigen
  • Antibody

COVID-19 Diagnostics Market by Technology 

  • Molecular
  • Immunology

COVID-19 Diagnostics Market by End-user

  • Laboratories
  • Hospitals
  • Ambulatory Care Settings
  • Research Institutes 

COVID-19 Diagnostics Market – Dynamics

The demand for rapid testing is increasing across the globe. As the number of people with the disease increases, and the existing other diagnostic techniques such as polymerase chain reaction (PCR) takes longer, the demand for rapid testing is surging. Many people felt that by the time they provide a sample for the test, and results come, they might get affected. Rapid testing can provide results within 24 hours or less. As the number of samples increases, labs start using rapid testing to increase the number of tests performed. Rapid tests are used as a priority in hospitals as the waiting period has increased to more than a week for the test results in a few places.

Key Drivers and Trends fueling Market Growth:

  • Raise of Second Wave of COVID-19
  • High Demand for Molecular Diagnostics
  • Unavailability of Specific Medicines/Vaccines
  • More Product Launches Combined with EUA

COVID-19 Diagnostics Market – Geography

APAC is the largest market for the COVID-19 diagnostics market and retains it during the forecast year due to its higher population. This is attributed to the increasing target pool of people requiring disease diagnostics and improvement in healthcare infrastructure. In addition, the rising purchasing power of the public for healthcare services and growing focus on early diagnosis and prevention programs such as mass testing in the country encourages people to get diagnosed. China, Japan, India, South Korea, and Australia are the major revenue contributors to the market in APAC.

Get your sample today! https://www.arizton.com/market-reports/covid-19-diagnostics-market-size-analysis 

COVID-19 Diagnostics Market by Geography 

  • North America
    • US
    • Canada
  • Europe
    • UK
    • German
    • France
    • Italy
    • Spain
    • Russia
  • APAC
    • China
    • Japan
    • South Korea
    • Australia
    • India
    • Indonesia
    • Philippines
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Peru
    • Colombia
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Turkey
    • Iran

Major Vendors

  • Abbott
  • Siemens Healthineers
  • Hoffmann-La Roche
  • Thermo Fisher Scientific
  • Danaher
  • BD

Other Prominent Vendors

  • Abingdon Health
  • ACCESS BIO
  • Assure Tech. (Hangzhou)
  • Autobio Diagnostics
  • Advaite
  • Babson Diagnostics
  • Beijing Wantai Biological
  • Biomerica
  • bioMérieux
  • Biopanda Reagents
  • Biocerna
  • Biocan Diagnostics
  • BioMedomics
  • Clinical Reference Laboratory
  • Cellex
  • The Center for Chest Diseases and Prevention (CDC)
  • CTK Biotech
  • DiaSorin
  • Diazyme Laboratories
  • Erba Mannheim
  • Edinburgh Genetics
  • Eurofins Scientific
  • GenScript
  • Healgen Scientific
  • Hangzhou AllTest Biotech
  • Hangzhou Biotest Biotech
  • Jiangsu Well Biotech
  • Kabla Diagnostics
  • Luminex
  • Meridian Bioscience
  • Megna Health
  • Microgen
  • MP Biomedicals
  • Nova Tech Immunodiagnostica
  • NOWDiagnostics
  • Quotient
  • QIAGEN
  • Quidel
  • Sekisui Diagnostics
  • Sinocare
  • SureScreen Diagnostics
  • Salofy Oy
  • Shenzhen New Industries Biomedical Engineering (SNIBE)
  • Sysmex
  • SEASUN BIOMATERIALS
  • Vibrant America
  • Warrior Diagnostics
  • Xiamen Biotime Biotechnology
  • Zuhai Livzon Diagnostic

Explore our healthcare & lifesciences profile to know more about the industry.

Read some of the top-selling reports:

  • Transplant Diagnostics Market - Global Outlook and Forecast 2020-2025
  • Rapid Diagnostics Market - Global Outlook and Forecast 2020-2025
  • Infectious Disease Diagnostics Market - Global Outlook and Forecast 2020-2025
  • Cell and Gene Therapy Market - Global Outlook and Forecast 2020-2025

About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Mail: enquiry@arizton.com
Call: +1-312-235-2040; +1 302 469 0707

Logo : https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.