Report Ocean presents a new report on Antibody Detection Kits Marketsize, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
The Antibody Detection Kits Market value was US$ million in 2020. The antibody Detection Kits Market value is forecast to reach US$ million by 2030, growing at a compound annual growth rate (CAGR) % during the forecast period from 2021-2030.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Antibody Detection Kits Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
The antibody detection kits are experiencing a substantial rise in demand due to increasing COVID-19 crisis throughout the world. Antibody detection is vital for the differential diagnosis of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). It is a test performed by patient serum or plasma with reagent red cells. Determination of certain antibodies to viral and bacterial pathogens, as well as to parasites facilitates the correct therapeutic measures to be taken. Antibody detection kits are predictive for prognosis and detection of COVID-19 infections to assist the diseases.
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Since, these kits helps to examine whether a person has developed antibodies in their blood stream to fight the SARS-CoV-2, which indicates whether a person has been exposed to or has COVID-19. In response to manage COVID-19 pandemic and to increase the patient screening, several companies are offering this rapid antibody detection kits to healthcare workers, hospitals, laboratories, and to other professionals only. Thus, rise in incidences of coronavirus cases, along with the growing government approvals for antibody test kits are the few factors responsible for high CAGR of the market over the forecast period.
For instance, on March 2020, two South Korean firms, SD Biosensor and Seegene have received government approval to deliver RT-PCR (Reverse transcription polymerase chain reaction) based Novel Coronavirus (COVID-19) diagnostic kits in India. Also, the government authorized 12 rapid antibody test kits for COVID-19 diagnosis. This, in turn, is expected to accelerate the growth of COVID-19 antibody detection kits in the global market. However, limited availability of kits and dearth of skilled professionals are the few factors expected to hamper the growth of the market over the forecast period of 2020-2026. The regional analysis of global COVID-19 Antibody Detection Kits market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
Major market player included in this report are:
Guangzhou Wonton Biotech
Bioscience (Chongqing) Biotech
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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)
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global COVID-19 Antibody Detection Kits Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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