Amidst the devastation caused by coronavirus of COVID-19, the demand for personal protection equipment and diagnostic equipment has witnessed a spike. Exploding number of cases of coronavirus infection resulting in increased testing is a key factor fuelling the COVID-19 detection kits market.
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Tremendous efforts of government bodies and healthcare institutions to contain the spread of coronavirus is further fuelling the COVID-19 detection kits market. Public healthcare agencies and municipal corporations are carrying out testing on a mass scale for early detection of the coronavirus. This has led to spurt in demand for COVID-19 detection kits in the last couple of months. Municipal bodies in association with healthcare institutions have setup testing centers in large numbers to prevent crowding in hospitals. Municipal education centers, schools, and colleges are now being used as COVID-19 testing centers for early detection of coronavirus. Such mega scale efforts are creating vast opportunities for players in the COVID-19 detection kits market.
This aside, efforts of manufacturers of COVID-19 detection kits to introduce advanced testing technologies is in the offing in the COVID-19 detection kits market.
Second-leading Number of Infection in India makes Asia Pacific frontrunner
Asia Pacific is a leading region in the COVID-19 detection kits market. The record number of cases in the region, with India recording second highest number of coronavirus infection worldwide is stimulating the growth of COVID-19 detection kits market in the region. Municipal corporations of districts have set up COVID-19 testing centers in large numbers for early detection that can contain the spread of the virus. Such mass scale testing programs in India has led Asia Pacific to emerge as a leading region in the global COVID-19 detection kits market.
The vendor landscape of the COVID-19 detection kits market is largely consolidated with key share held by some large players. Top-notch names in the COVID-19 detection kits market include THERMO Fisher Scientific Inc., F. Hoffmann –La Roche AG,., DiaSorin, Mylab Discovery Solutions Pvt. Ltd., Veredus Laboratories, and Abbott.
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