The global COVID-19 diagnostics industry is estimated to register significant growth over the forecast period 2020-2026. Increased demand for point of care devices along with the availability of the advanced diagnosing systems are primarily driving the growth of the market. The outbreak of COVID-19 has largely impacted the overall diagnostics industry globally. There has been a steady increase in the demand for diagnostic systems since the initial time of the outbreak, as peoples are concerned about their health safety. Due to this, an upsurge in the demand for PCR kits, point-of-care kits, and other instruments has been observed globally.

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The global COVID-19 diagnostic market is segmented on the basis of type, technology, and end-user. Based on the type, the market is bifurcated into instruments and reagents & kits. Based on the technology, the market is segmented into polymerase chain reaction (PCR), antibody or enzyme-linked immunosorbent assay (ELISA), serology, and others such as portable or point-of-care testing. Based on the end-user, the market is sectioned into hospitals, diagnostic centers & urgent care clinics, research labs.

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The increased rate of spread of the disease is encouraging the market growth, as the global COVID-19 cases have reached around 7 million by June 2020, and still, no dedicated drug or vaccine has been discovered for the disease. An upsurge in the cases demands an accurate diagnosis to prevent the spread. For instance, there has been an upsurge in the demand for the 600 SARS-CoV-2 diagnostic tests in whichever phase, that is, approved or in the development for the clinical use.

Further, several government guidelines also propel the growth of the market during the forecast period. For instance, Emergency Use Authorization (EUA) was allotted by the US FDA to the first POC test-Xpert Xpress test designed and engineered by Cepheid-for COVID-19 diagnosis. Besides, Chembio Diagnostics Inc. along with Abbott Laboratories are among the key players prominently operating in the market and providing point-of-care devices and instruments. However, the higher prices of test kits and instruments along with the complex procedures of the test are the factors challenging the overall growth of the market during the forecast period.

Global COVID-19 Diagnostics Market – Segmentation
by Type
Instruments
Reagents & Kits
by Technology
Polymerase Chain Reaction (PCR)
Antibody or Enzyme-Linked Immunosorbent Assay (ELISA)
Serology
Others
by END-USER
Hospitals
Diagnostic Centers & Urgent Care Clinics
Research Labs

Global COVID-19 Diagnostics Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Abbott Laboratories Inc.
ADT Biotech Sdn Bhd
Altona Diagnostics GmBH
Beckman Coulter Inc.
Biomérieux SA
Cellex Inc.
Cepheid Inc.
Chembio Diagnostic Systems Inc.
Epitope Diagnostics, Inc.
F. Hoffman-La Roche Ltd.
Hologic Inc.
Laboratory Corp. of America Holdings
Luminex Corp.
Mylab Discovery Solutions Pvt Ltd.
PerkinElmer, Inc.
Quidel Corp.
Seegene Inc.
SureScreen Diagnostics Ltd.
Thermo Fisher Scientific Inc.
Veredus Laboratories

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