Government Support and New Product Launches will Support China COVID-19 Diagnostics Market in 2020

Published: Oct 2020

China COVID-19 diagnostics market will see declined growth of 25.1% during the forecast period. China has a significant market share in the global COVID-19 diagnostic market owing to the growing number of diagnostic screening in the country coupled with government initiatives for providing rapid screening for COVID-19. Moreover, the introduction of advanced and early diagnostic tests in the country further propels the growth of the market. For instance, in February 2020, the Government of China opened a 2,000 square-meter emergency detection laboratory called Huoyan in Wuhan City which can process over 10,000 samples a day.

Browse the full report description of "China COVID-19 Diagnostics Market Size, Share & Trends Analysis Report by Type (Instruments, Reagents & Kits, and Laboratory Testing Services), by Technology Type (PCR Test, Antigen Test, Serology Test, and Rapid/ PoC Test), by Sample Type (Oropharyngeal & Nasopharyngeal Swabs, Blood, Urine, Saliva, and Others), and by End-User (Laboratories, Hospitals, Diagnostic Centers & Clinics, and Research Institutes) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/china-covid-19-diagnostics-market

In April 2020, Sansure Biotech, Inc. developed a fast COVID-19 nucleic acid testing system and approved by the NMPA that does not require a professional laboratory and gives a test result within 15-45 minutes. The Novel Coronavirus (2019-nCoV) Nucleic Acid Diagnostic Kit (PCR-Fluorescence Probing) is a real-time reverse transcription-polymerase chain reaction (rRT-PCR) test. The 2019-nCoV primer and probe set(s) is designed to detect RNA from SARS-CoV-2 in respiratory specimens from patients with signs and symptoms of infection who are suspected of COVID-19. Therefore, these advancements in the diagnostics kit for COVID-19 further provide significant growth in the market.

Market Coverage

Report Elements

Details

Study Period

2020-2026

Segments Covered

By Type, By Technology Type, By Sample Type, and By End-Users

Key Companies Profiled

BGI Group, Da An Gene Co., Ltd., Maccura Biotechnology Co., Ltd., Sansure Biotech Inc., and Guangzhou Wondfo Biotech Co., Ltd.


Key questions addressed by the report

  • What is the market growth rate during the forecast period?
  • Which segment dominates the market in the base year?
  • Which segment will project the fastest growth in the market during the forecast period?
  • How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID -19

o Most affected segment

o Recommendations 

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

China COVID-19 Diagnostics Market – Segmentation

By Type

  • Instruments
  • Reagents & Kits
  • Laboratory Testing Services

By Technology Type

  • PCR Test
  • Antigen Test

o Chromatographic Immunoassay

o Fluorescent Immunoassay

o Chemiluminescent Immunoassay

  • Serology Test

o Enzyme-Linked Immunosorbent Assay (ELISA)

o Neutralization

o Chemiluminescent Immunoassay

  • Rapid/ PoC Test

By Sample Type

  • Oropharyngeal & Nasopharyngeal Swabs
  • Blood
  • Urine
  • Saliva
  • Others (Sperm)

By End-Users

  • Laboratories
  • Hospitals
  • Diagnostic Centers & Clinics
  • Research Institutes

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