RT-PCR technology segment to dominate the Malaysia Coronavirus Testing Kits Market
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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