Coronavirus Diagnosis Market by Diagnostic Type (Molecular Test, Serology Test, Diagnostic Kits), End-user and Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417874
  • Category: Healthcare
  • Pages: 189

The global coronavirus diagnosis market is expected to grow from USD XX million in 2019 and to USD XX million by 2027, growing at a CAGR of XX% during the forecast period 2020-2027. The increasing prevalence of the coronavirus outbreak all across the globe is the primary factor for the market growth and development.

Market Overview:

With the outbreak in January, close to 100,000 people have been infected all across the globe, coupled with the largest occurrence in China. In December 2019, coronavirus is a newly exposed chain of coronavirus, which first appeared in the Chinese city of Wuhan. Coronavirus can cause serious and severe respiratory inflammations. This virus has shown some resemblances to SARS-CoV of around 85% similarities to bat coronaviruses when compared for their genetic structures to that of the other viruses, according to the new report published by Fior Markets.

Report Description:

The study delivers a comprehensive analysis of global coronavirus market. The report offers in-depth analysis of driving factors, opportunities, restraints and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027. The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensivesecondary research, primary research, and in-house databases. The study also includes attractiveness analysis on the basis of regionswhich are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market. Porter’s Five Forces model is usedin order to recognize the competitive scenario in the global Coronavirus market. This report incorporates the industry analysis which is focused on providing an extensive view of the coronavirus market. The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

The adversative outcomes of the technological advancements for different nations are huge, including the immediate disturbance to global supply chain and logistics, more vulnerable last interest for imported merchandise and enterprises, and the more extensive local decreases in global the travel & tourism industry and trips related to business. Hazard avoidance has expanded in money related markets, with the US 10-year loan cost(interest rate) tumbling to a record low and value costs declining sharply item costs have dropped, and business and consumer certainty have turned down. Coronaviruses are an enormous group of infections that cause sickness going from the basic virus to increasingly extreme maladies. COVID-19 is brought about by a novel coronavirus; this implies it is another strain that has not been recently recognized in people. COVID-19 is a respiratory illness that is predominantly spread individual-to-individual. Presently, there is no accessible vaccination or immunization or therapeutic treatment, so the best protection technique is to maintain a strategic distance from presentation. Up until now, kids give off an impression of being significantly less influenced by COVID-19, which was likewise observed after different coronavirus cases.

Global Coronavirus Diagnosis Market Key Findings:

The basic symptoms of the coronavirus include cough, fever, shortness of breath, dis-functioning of kidney and common cold. If further precautions are not taken, then there is a high chance that a patient can develop pneumonia followed by multi-organ failure. Currently, there are no vaccinations available for the coronavirus available in the market, but majority of the population worldwide can convalesce from this infection. People getting affected by coronavirus may possess one of the above symptoms or multiple symptoms. For this situation, patient is advised to isolate themselves from others and try to recover themselves at home. These individuals are further advised to consult doctors, physicians and other medical and healthcare practitioners if their symptoms worsens. The coronavirus infections can lead to serious illness followed by death in some cases if proper medication isn’t given. If an individual grows a more serious illness from coronavirus, they should immediately be admitted to the health centers or hospital.

Elderly population (people above 65 years of age) are more prone to the attack of coronavirus. This is because, the immune system slowly degrades as an individual ages with time. When the coronavirus attacks, the whole immune system of the body gets compromised. Thus, special care and precautions should be taken. Additionally, the government coupled with various other regulatory bodies are taking serious initiatives to tackle this outrageous problem all across the world.

World Analysis:

Most of the coronavirus cases occurred in China and then, it got spread to the various regions all across the globe. Italy got severely affected with the massive outbreak of the coronavirus. The country got into the ultimate stage of the pandemic where the Covid-19 spread on community basis, thus affecting most of people and individuals in the country.

  • Due to the recent outbreaks of coronavirus, the presence of key players in countries of this region, increased investment in research and development activities, and strong government support. For instance, in February 2020, Inovio Pharmaceuticals worked with the Beijing AdvaccineBiotechnology Company to advance the development of the former’s vaccine, INO-4800, as a new coronavirus vaccine. The company has started preclinical trials for clinical product manufacturing.Vaccine development is supported by a $ 9 million grant from the Epidemiological Innovation Innovation Union (CEPI). Inovio aims to progress vaccines through Phase 1 human testing in the United States to test safety and efficacy. Beijing Ad Vaccine will run a Phase I clinical trial in China parallely.
  • Industrial manufacturing & production kept on stagnating in late 2019, and the development of customer spending lost momentum in spite of rising disposable income coupled with the rising employment rates of the people in and across the region. The decrease in globalautomobile sales directed through 2019, however request has consequently tumbled again, with temporary data & information recommending a month to month decrease of 10% in deals in January 2020, with a 20% decrease in China. Global trade & exchange likewise stays frail. Product exchange volumes contracted in the final quarter of 2019, what's more, declined in 2019 overall, the primary schedule year fall since 2009 Compartment port  traffic and airship cargo traffic were additionally powerless in front of the coronavirus cases, and further sharp decline appear likely in the close to term. Study proportions of assembling new fare orders had started to turn up however fell back in the blaze PMI studies for February, especially in Japan and Australia. Business venture data & information are too fragile, kept down to some extent by proceeded with high vulnerability and frail anticipated future development. Total venture development in the G20 economies (barring China) eased back from a yearly pace of 5% right on time in 2018 to just 1% a year ago.

Market Evaluation:

The coronavirus diagnostics market has been categorized on the basis of diagnosis type, end-user and regions. The diagnosis type is bifurcated into molecular tests ((RT-PCR tests), serology tests and diagnostic kits. Molecular tests mainly comprises of the RT-PCR test which is used to detect any any infection in the body of an affected individual. Doctors usually take the sample from the back area/side of the affected person’s throat with the help of cotton mop. Serology test are conducted to identify the presence of the antibodies in human body. These antibodies generally present throughout the body in tissues fights vigorously whenever a pathogen or virus, tries to enter the body. For conducting serology tests, generally, blood sample is required. With the recent technological advancements, medical and pharmaceutical companies have able to develop diagnostic test kits which will deliver results within 48 hrs after the test is conducted. These diagnostic test kits should be used by the doctors and other medical professionals in an emergency room, and in hospitals.  The sample is collected from the throat or nose in the case of the affected individuals and then processed in laboratories and hospitals.

On the end-user, the market is categorized into healthcenters and clinics, hospitals and laboratories. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific Region is accounted for the largest market share followed by North America and Europe. Developed and developing nations are making serious developments in order to create ‘’coronavirus’’ free Earth. Government bodies partnering with the private companies are heavily investing in their R&D in order to create diagnostic kits and vaccinations in order to save the population. For instance, the FDA approved the first rapid test for the novel coronavirus over the weekend. The test, made by Cepheid, a bio-tech company provides the results in approximately 45 minutes. The result was so accurate that the medical professionals assured the sample need not to be checked in laboratories. Additionally Mylab, an Indian company received the validation forthe Covid-19 diagnostic test kits based on RT-PCR tests by the Drug Controller of India. This diagnostic kit can deliver results within 2.5 hours and can test up to 1000 samples. The price of the diagnostic kits will be around USD 16.

This study forecasts revenue and volume growth at global, regional, and country levels from 2017 to 2027. Fior Markets has segmented the global coronavirus diagnosis market on the basis of below mentioned segments:

Global Coronavirus Diagnosis Market by Type:

  • Molecular Tests (RT-PCR tests)
  • Serology Tests
  • Diagnostic Kits

Global Coronavirus Diagnosis Market by End User:

  • Hospitals
  • Diagnostic Laboratories
  • Health centers & Clinics

Global Coronavirus Diagnosis Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Region
          Latest Statistics Related to the Coronavirus Outbreak
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
          5.1.1. Drivers
          5.1.2. Restraints
          5.1.3. Opportunities
          5.1.4. Challenges
    5.2. Detailed Analysis of Coronavirus

6. Global Coronavirus Diagnosis Market Analysis and Forecast, By Diagnostic Type
    6.1. Segment Overview
    6.2. Molecular Tests (RT-PCR tests)
    6.3. Serology Tests
    6.4. Diagnostic Kits

7. Global Coronavirus Diagnosis Market Analysis and Forecast, By End-user
    7.1. Segment Overview
    7.2. Hospitals
    7.3. Diagnostic Laboratories
    7.4. Health centers & Clinics

8. Global Coronavirus Diagnosis Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.2.2. Canada
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.2.3. Mexico
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
    8.3. Europe
          8.3.1. Germany
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.3.2. France
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.3.3. U.K.
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.3.4. Italy
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.3.5. Spain
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
    8.4. Asia-Pacific
          8.4.1. Japan
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.4.2. China
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.4.3. India
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
    8.5. South America
          8.5.1. Brazil
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
    8.6. Middle East and Africa
          8.6.1. UAE
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases
          8.6.2. South Africa
          Coronavirus Outbreak: Total Number of Cases
          Total Death Counts
          Recovered Cases

9. Global Coronavirus Diagnosis Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Regions in the Coronavirus Diagnosis Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments regarding the Coronavirus Diagnosis Vaccinations
          9.3.2. Partnerships, Collaborations, and Agreements by the Key Organizations
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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