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.
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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.
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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
• 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
• 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 Chemiluminescent Immunoassay
• Rapid/ PoC Test
By Sample Type
• Oropharyngeal & Nasopharyngeal Swabs
• Others (Sperm)
• Diagnostic Centers & Clinics
• Research Institutes
• Anbio (Xiamen) Biotechnology Co., Ltd.
• Beijing Applied Biological Technologies Co., Ltd.
• BGI Group
• Chengdu CapitalBio Biotechnology Co., Ltd.
• Da An Gene Co., Ltd.
• Guangzhou Wondfo Biotech Co., Ltd.
• Maccura Biotechnology Co., Ltd.
• Sansure Biotech, Inc.
• Shanghai BioGerm Medical Biotechnology Co., Ltd
• Ustar Biotechnologies (Hangzhou), Ltd.
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