Government Packages for COVID-19 will Support the Asia-Pacific COVID-19 Diagnostics Market in 2020

Asia-Pacific COVID-19 diagnostics market will see a declined growth of 22.2% during the forecast period. Asia-Pacific COVID-19 diagnostics market has been growing at a rapid pace owing to significantly growing screening tests in emerging economies such as India, China, Japan, and the Rest of the Asia-Pacific countries.

• On April 19, 2020, the Government of Japan passed an emergency budget worth around $240 billion, comprising cash handouts for every resident, to fight with the economic devastation formed by the COVID-19 outbreak. The budget also includes money to boost the production of masks for medical workers, improve COVID-19 testing capacity, and support the acceleration of drug and vaccine development. 
• As of April 30, 2020, according to the International Monetary Fund (IMF), an estimated $367 billion in fiscal measures or financing have been announced to fight the virus. The package includes increased epidemic prevention spending, production of medical equipment, moving up unemployment payments, and social security tax relief.
• On March 26, 2020, the Government of India has announced a $22.6 billion stimulus plan to directly aid poorer communities affected by the COVID-19 lockdown. On 13th May 2020, the government of India announced a new stimulus package called the "Self-Reliant India," program accounted for a grant of $266 billion in the country.

Browse the full report description of "Asia-Pacific 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/asia-pacific-covid-19-diagnostics-market

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region 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 region/segment

o Recommendations 

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

Asia-Pacific 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

Asia-Pacific COVID-19 Diagnostics Market – Segmentation by Geography

• China
• India
• Japan
• Rest of Asia-Pacific

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