Report Code: A13377 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Rapid Covid-19 Antigen Test Kit Market
Request Now !COVID-19 has proved to be a menace for human society for the past couple of years. It has left industries wailing, people on the back foot, and supply chain distortions. People suffering from SARS virus experience respiratory and gastrointestinal symptoms, which gradually spreads across systems in the body, thus making it essential to diagnose the virus at an early stage for effective treatment to be administered. Diagnosis is carried through rapid antigen test kit. An antigen is a molecule capable of stimulating immune response. An antigen may be proteins, nucleic acids, and polysaccharides. The antigen test predicts presence of SARS-CoV2 virus. It establishes a differentiation between body proteins and certain protein that are considered foreign to immune system. The procedure involves inserting pick inside nose and collecting a swab and further dipping it into a solution which locates the virus and inactivates it onto the testing kit. In case the test is positive, colored lines show up on the strip. Rapid antigen test kit garners certain advantages such as it reduces the burden on replying completely on RT-PCR test to identify COVID patients. In additionally, it is way cheaper than RT-PCR.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
At the early phase of the COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global markets. These players achieved an edge over other diagnostics players capitalizing on the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.
Owing to such factors, COVID 19 is expected to have a significant impact on the rapid covid-19 antigen test Kit market.
Top Impacting Factors
Key Market Trends
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Rapid Covid-19 Antigen Test Kit Market Report Highlights
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Key Market Players | Roche, Healgen Scientific Limited, Zhejiang Orient Gene Biotech Co., Ltd., Siemens Healthineers, LumiraDX UK Ltd., Abbott, Cipla, nal von minden GmbH, Hangzhou Clongene Biotech, BIOSYNEX SWISS SA, CerTest Biotect S.L., AMEDA Labordiagnostik GmbH, Beijing Lepu Medical Technology, Becton Dickinson, Xiamen Boson Biotech Co., Quidel Corporation, SD BIOSENSOR, Inc. |
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