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Global COVID-19 Antibody Detection Kit Market to reach USD 11077.9 Million by 2027

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Global COVID-19 Antibody Detection Kit Market is valued approximately USD 5002.2 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 10.40% over the forecast period 2020-2027. The COVID-19 antibody detection kits are specially designed for the detection & diagnosis of Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) IgM/IgG antibodies in human serum, plasma, or blood. The worldwide spread of COVID-19 adversely affected the global economies and hampered the growth of numerous industries. Therefore, the demand for COVID-19 antibody detection kits is leveraged by the government authorities to detect virus at early stage and limits the spread of virus. Thus, rising case of corona virus across the globe is stimulating the demand COVID-19 antibody detection kit over the forecast years. For instance: as per Statista, the total number of coronavirus cases in U.S. were 20 on 19th March 2020 and has tremendously rise by 1,658,896 confirmed cases of COVID-19 with 98,119 deaths in the U.S. on 28th May 2020. Also, on 31st January 2020, first 2 cases of coronavirus were confirmed in the United Kingdom and has significantly reached by 267,240 confirmed cases of coronavirus in the United Kingdom on 27th May 2020. Also, as per World Health Organization, on March 12th, 2020, over 6,941 new cases of corona virus were detected across the globe which increased to over 1,22,918 till June1st, 2020, leads to the total cases of 60,57,853 of COVID-19 worldwide. Moreover, rapid advancements in healthcare facilities & ongoing government approvals for Covid-19 test kits to efficiently detect and cope up with the spread of virus is the factor driving the growth of market over the forecast years. However, Limited availability of kits and dearth of skilled professionals is hampering the market growth.

The regional analysis of global COVID-19 Antibody Detection Kit market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising cases of COVID-19 in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising cases of novel coronavirus in the Asian countries, along with increasing government funding to tackle the COVID-19 situation would create lucrative growth prospects for the COVID-19 Antibody Detection Kit market across Asia-Pacific region.

Major market player included in this report are:
Cellex
Abbott
Roche
BioMedomics
BD
Henry Schein
Safecare Biotech
Mayo Clinic Laboratories
Chembio Diagnostics
Innovita Biological Technology

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Product Type:
Immunoglobulin M (IgM)
Immunoglobulin G (IgG)

By End-user:
Hospital
Scientific Research
Diagnostic Centre

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global COVID-19 Antibody Detection Kit Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

To get a sample of this report or to purchase a copy of the study, you can directly contact us. Or mail to us at: sales@bizwitresearch.com

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