The antibody detection kits are experiencing a considerable rise in demand because of increasing COVID-19 crisis throughout the world. Antibody detection is important for the differential diagnosis of severe acute respiratory syndrome corona virus 2 (SARS-CoV-2). It’s take a look at performed by patient body fluid or plasma with reagent red cells. Determination of sure antibodies to viral and microorganism pathogens, similarly on parasites facilitates the correct therapeutic measures to be taken. Antibody detection kits are predictive for prognosis and detection of COVID-19 infections to help the diseases. Since, these kits helps to look whether or not an individual 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 extend the patient screening, many corporations are giving this speedy antibody detection kits to healthcare workers, hospitals, laboratories, and to different professionals solely.
According to the study, ‘Global COVID-19 Antibody Detection Kits Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2026’ categorical that there are some corporate that presently functioning more with success for dominant the foremost effective growth of the market and obtaining the productive competitive edge whereas acceptive the productive profit making that intervals throughout that and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes Bioscience (Chongqing) Biotech, Xiamen InnoDx, INNOVITA, SD Biosensor, Guangzhou Wonton Biotech, Guangdong Hecin-Scientific. Thus, increase in incidences of coronavirus cases, alongside the increasing government approvals for antibody test kits are the factors answerable for high CAGR of the market over the forecast period. For example, on March 2020, two South Korean firms, SD Biosensor and See gene have received government approval to deliver RT-PCR (Reverse transcription polymerase chain reaction) based mostly Novel Corona virus (COVID-19) diagnostic kits in Asian Nation. Also, the government approved 12 quick antibody test kits for COVID-19 diagnosis. This, in turn, is predicted to accelerate the expansion of COVID-19 antibody detection kits in the global market. However, restricted accessibility of kits and dearth of delicate professionals are the few factors expected to hamper the expansion of the market over the forecast period of 2020-2026.
The regional investigation of global COVID-19 Antibody Detection Kits market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is anticipated to the foremost country across the world in terms of market share because of the increasing variety of Antibody Detection kits consumer within the region. While, North America is expected to exhibit highest rate of growth/ CAGR over the forecast period 2020-2024.
Furthermore, with this current pandemic of COVID-19, the demand for COVID-19 Antibody Detection Kits is anticipated to upsurge in close to future. The count for the overall variety of COVID-19 cases is increasing speedily across the world. The resuming of business and economic activities within the high burden countries as well as India are more expected to drive the number of COVID-19 cases. Thus, the market of antibody detection kits can increase in upcoming years.
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Ankur Gupta, Head Marketing & Communications