The outbreak of coronavirus highlights the need of rapid and effective test method in order to detect and identify the target virus.
WHO has validated two types of test for detection of COVID 19 one is molecular diagnostic test and other one is immunological assay test. But as molecular diagnostic test such as PCR among others cannot be used for monitoring of disease progressing stage, there is a great need of immunological assays.
The development of rapid test method such as immunoassay among others has become an urgent need for effective drug and vaccine development so as to curtail the spread of COVID 19.
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Immunoassay Analyzer, Market report analyses the impact of Coronavirus (COVID-19) on the Point-of-Care Immunoassay Analyzer, industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Point-of-Care Immunoassay Analyzer, market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.
The global Immunoassays Testing market was xx million US$ in 2019 and is expected to xx million US$ by the end of 2027, growing at a CAGR of xx% between 2020 and 2027.
Due to the pandemic, we have remembered an uncommon segment for the Impact of COVID 19 on the Scientific Research Satellites Services Market which would make reference to How the Covid-19 is influencing the Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for radioimmunoassay Market Players to Combat Covid-19 Impact.
The need of immunoassay kit for reliable COVID 19 test led the country’s government to reduce the price of these tests, so that individual belonging to any economic status can afford such tests.
Moreover some of the immunoassay kits were imported from different regions of the world, however due to ban and lockdown across borders import of testing kits also stopped. Along with this, the manufacturing of immunoassay kits in the country itself has also caused price reduction.
Immunoassay tests in order to recognize the viral antigen and related immunoglobulin are free at government laboratories, which again caused price reduction of kits.
Market Environment: Includes sector size, market size, and growth analysis by segmentation.
High-potential Countries’ Analysis: Indicates changing share of value consumption in the various segments & sub-segments across high-potential countries globally. The report also provides analysis of market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
Country Deep Dive: Provides the overview, demographic analysis, and key trends across high potential countries.
Competitive Environment: Provides an overview of leading key players, besides analyzing the growth of private labels in the region.
Distribution Analysis: Provides analysis of the leading distribution channels.
Challenges and Future Outlook: Provides the challenges and future outlook pertaining to Random Access Immunoassay Analyzers,
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The pandemic of COVID 19 has led to an urgent need for the detection of coronavirus to progress the disease stage and to develop a novel vaccine, which can be possible by using immunoassay kits that provides rapid detection of antibodies formed against coronavirus. This led to the increasing demand for immunoassay kits and enhanced the growth of the immunoassay market. Various types of bans resulted in a shortage of product supplies that are expected to hamper the market growth, however, initiatives taken by the government related to product import and investment by some authorities helped the manufacturers to maintain the supply chain of immunoassay products. Increasing the prevalence of COVID-19 and the availability of immunoassay products is also expected to fuel up the market growth. Moreover, support by regulatory authorities related to approval and emergency use authorization for immunoassay products helping the market players to achieve a lucrative growth.