The growth of the global COVID-19 detection kits
market will be driven by the responsiveness of countries to contain the spread
of the coronavirus and advancements in healthcare facilities.
These are the latest findings of Transparency Market Research
Pvt. Ltd. (Albany, NY, USA), a next-generation market intelligence provider,
offering fact-based solutions to business leaders, consultants, and strategy
professionals. The World Health Organization (WHO) has declared the coronavirus
as a global health emergency, following an outbreak of cases in several parts
of the world. Currently, more than 180 countries have reported cases of
coronavirus among individuals of all age groups. The vulnerability of all
groups of people to the virus has created panic among the masses. Therefore, it
is important to ramp up manufacturing of COVID-19 detection kits. The value of
the COVID-19 detection kits market is continuously rising on account of
advancements in healthcare facilities
The healthcare industry has recalibrated its focus on
fighting the pandemic. Countries such as Italy, the US, and Spain have been the
worst-hit by the pandemic. Therefore, the use of COVID-19 detection kits in
these regions has increased by leaps and bounds. As India ramps up its pace of
testing, several companies have come to the fore of the healthcare industry.
India has also received testing kits from South Korea, which is an important
dynamic of market growth. The success of testing facilities in India has been a
primary driver of demand within the global market.
Despite strict containment measures such as lockdowns and ban
on public gathering, the risk of virus spread remains high. Several healthcare
professionals and entities, including the WHO, recommend rapid testing as the
foremost strategy to control the virus. Increased number of tests has helped
countries in flattening the curve of the COVID-19 spread. Furthermore, testing
has also helped governments and state authorities in contact tracing of
affected individuals. Thus, the manufacturing of COVID-19 detection kits has
assumed significant importance in various parts of the world. The presence of a
seamless industry for COVID-19 testing will play a vital role in driving sales across
the global market. The development of test kits that can deliver results in
less than six hours will play a defining role in the growth of the global
COVID-19 detection kits market.
