Increasing occurrence of infectious diseases and surge in R & D activities is expected to drive the demand for Malaysia coronavirus testing kits market in forecast period.
According to TechSci Research report, “Malaysia Coronavirus Testing Kits Market By Type of Test (Molecular v/s Serological) By Use (Multiple Test v/s Single Test) By Full Test Time (5 Hours-12Hours, 1 Hours- 5 Hours,15-60Minutes, Less than 15 Minutes,12 Hours-24Hours, More Than 1 Day) By Technology (RT-PCR v/s Rapid Diagnostic Test) By Specimen Type (Nasopharyngeal Specimen, Oropharyngeal Specimen, Blood, Sputum, Others) By Mobility (Stationary v/s Mobile) By End User (Public Health Labs, Hospitals, Private or Commercial Laboratories, Others) By Company, By Region, Forecast & Opportunities, 2026”, Malaysia coronavirus testing kits market is expected to witness steady growth for the next five years. The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in Malaysia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing which created lucrative opportunities for the growth of the coronavirus test kits market. Malaysia authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Continuous upsurge in the number of cases led to rise in number of diagnostic facilities resulting in implementation of mass testing programs.
However, shortage and non-availability of testing kits and high cost required for research and development activities may create hindrance in the coronavirus testing kits market growth.
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Malaysia coronavirus testing kits market is segmented into type of test, use, full test time, technology, specimen type, mobility, end user, regional distribution, and company. Based on technology, market is further bifurcated into RT-PCR and rapid diagnostic test. The RT-PCR segment is expected to account for major market share for the forecast period, 2022-2026. RT-PCR kits are highly sensitive and accurate, and these tests can be done at home. RT-PCR test are taken by taking saliva as specimen and offers quick and minimal painful experience and is capable of higher volume testing. Market players are investing huge amounts for automated detection procedures which is bolstering the coronavirus testing kits market growth. Based on end user, market is majorly categorized into public health labs, hospitals, private or commercial laboratories and others. The private or commercial laboratories segment is expected to witness growth for the next five years due to ongoing research and development activities for quick and accurate detection of coronavirus. Increase in the laboratory capacity by surging the types of tests performed in laboratory. Also, creation of new facilities increases the adoption of testing kits. Supportive government policies promoting the research activities in laboratories and collaborations between government and private institutions is expected to fuel the growth of the coronavirus testing kits market. Based on type of test, market can be divided into molecular and serological. The molecular type of test segment is expected to dominate the market due to its high sensitivity and accuracy.
Medical Innovation Ventures Sdn. Bhd. (Mediven), Sengenics Sdn. Bhd., Top Biotech Sdn Bhd, Quidel Corporation Malaysia, Roche (Malaysia) Sdn. Bhd., Abbott Laboratories (M) Sdn. Bhd., Cellex, Inc Malaysia, SD Biosensor, Inc Malaysia are the leading players operating in Malaysia coronavirus testing kits market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several coronavirus testing kits manufacturers are coming up with their technologically advanced offerings.
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“Rising need to screen the passengers at the airport for safety concerns is expected to influence the coronavirus testing kits market growth. Screening process of airports allows the leading authorities to find and quarantine the covid affected patients. Biotechnology and pharmaceuticals companies are collaborating to increase the coronavirus production at a large scale as the need to obtain the testing kits in shortest duration of time is the need of hour to contain the spread of coronavirus in Malaysia. Use of artificial intelligence along with the existing technology used in coronavirus testing kits to integrate the CT scan results with the patients’ medical history, clinical symptoms and laboratory test results is expected to propel the coronavirus testing kits market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Malaysia Coronavirus Testing Kits Market By Type of Test (Molecular v/s Serological) By Use (Multiple Test v/s Single Test) By Full Test Time (5 Hours-12Hours, 1 Hours- 5 Hours,15-60Minutes, Less than 15 Minutes,12 Hours-24Hours, More Than 1 Day) By Technology (RT-PCR v/s Rapid Diagnostic Test) By Specimen Type (Nasopharyngeal Specimen, Oropharyngeal Specimen, Blood, Sputum, Others) By Mobility (Stationary v/s Mobile) By End User (Public Health Labs, Hospitals, Private or Commercial Laboratories, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia coronavirus testing kits market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Malaysia coronavirus testing kits market.
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