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, 2028

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Malaysia coronavirus testing kits market is expected to grow at a significant rate during the forecast period, 2024-2028. With the sudden outbreak and spread of pandemic COVID-19, growing awareness about preventive healthcare practices, and increasing healthcare expenditure by the government are the primary factors driving the demand for the Malaysia Coronavirus Testing Kits Market for the next five years. To combat the rise in number of cases and variants of coronavirus, leading authorities and healthcare facilities are requesting to conduct tests for treatment of COVID-19. The Malaysia coronavirus testing kits market is expected to witness significant growth in the coming years due to the increasing number of COVID-19 cases in the country. According to the Worldometer website, as of March 24, 2023, Malaysia has reported over 2.7 million cases and 27,000 deaths due to the virus.

Coronavirus testing kits are helpful in recognizing the affected individuals who can further take necessary treatment from medical centres. Increase in the need to identify the hotspot zones and making the affected patients to stay in isolated areas either in healthcare or residential spaces is expected to foster the coronavirus testing kits market. To control the spread of coronavirus, the number of tests conducted daily are increased to get clear picture of the exact situation of the pandemic.

The antigen rapid test kits are the most commonly used testing kits in Malaysia. These testing kits are designed to detect the presence of the virus in a sample within 15 to 30 minutes. They are relatively affordable and easy to use, which has made them popular among healthcare providers. The RT-PCR test kits are also widely used in Malaysia. These testing kits are more accurate than antigen rapid test kits and can detect even small amounts of the virus in a sample. However, they are more expensive and require specialized equipment to run the tests, which has made them less accessible than antigen rapid test kits.

Rising Prevalence of Novel Corona Virus Strains

In 2020, a significant to public health emerged. The novel severe acute respiratory tract syndrome coronavirus epidemic outbreak emerged from Wuhan City, China and spread all over the world. According to Ministry of Health (MOH) in Malaysia, there were 5,251 COVID-19 cases including 86 deaths and 2,967 cases of recovery were found in April 2020. A place called Selangor, in Malaysia had recorded the highest number of confirmed COVID-19 cases. At that time there was neither the vaccine production nor the diagnostic treatment was developed which causes the ease in diagnosis and treatment. The Malaysia coronavirus testing kits market is dominated by local manufacturers, with several companies producing testing kits for the local market. Some of the major players in the market include Top Biotech Sdn Bhd, Quidel Corporation Malaysia, Roche (Malaysia) Sdn. Bhd. These companies have ramped up production to meet the increasing demand for testing kits in the country. Therefore, these factors propell the growth of Malaysia corona virus testing kits market.

Technological Advancement

Major companies are developing advanced technologies and launching new services to stay competitive in the market. According to Statista, the revenue in the healthcare segment in Malaysia is projected to reach USD105.90 million in 2022 and is expected to hit around 20.4% by 2027. Technological advancements and rise in collaborations between service providers and manufacturers plays a great role in boosting the demand for coronavirus testing kits market. According to Statista, the revenue particularly in medical devices segment of Malaysia is projected to reach USD3.06 billion in 2022. The increasing expenditure capacity of consumers is enabling the population to afford quality healthcare services. A surge in awareness to maintain a healthy lifestyle along with disease prevention and maintenance is leading to increase demand for self-diagnostic testing kits that is expected to fuel the demand for the Malaysia Coronavirus Testing Kits Market.

Government Initiatives

Supportive government policies to promote the manufacturing of coronavirus testing kits and providing of subsidies and income tax rebates is expected to boost the coronavirus testing kits market growth for the next five years. The Malaysian government has been taking several measures to control the spread of the virus, including increasing the availability of testing kits in the market. The Ministry of Health has approved several types of testing kits, including antigen rapid test kits, RT-PCR test kits, and antibody test kits. The Government of Malaysia enforced a Movement Control Order in starting pandemic to break the chain of COVID-19. The media actively spread the stay-home policy. The non-governmental organizations, as well as prison inmates, started to produce personal protective equipment for frontliners with full coverage and the major market players started production of diagnosis kits which overall shows a lucrative effect on the growth of Malaysia coronavirus testing kits market.

Additionally, the Malaysian government has made significant investments in expanding testing capabilities, with a goal of testing 150,000 people per day by the end of 2021. To achieve this, the government has established public-private partnerships with local manufacturers to increase the production of testing kits and has also imported testing kits from other countries to meet demand. This in turn, responsible for the growth of Malaysia Coronavirus Testing Market.

Recent Developments

The Malaysian government has been working to increase testing capacity by ramping up production of testing kits. In November 2020, Malaysia’s Ministry of Health (MOH) announced that it had developed its own COVID-19 test kit, known as the MyEG Covid-19 rapid testing kit. The kit was developed in collaboration with a local company, Gano Excel Industries, and has since been approved by the MOH for use in Malaysia. The MyEG Covid-19 rapid testing kit is a lateral flow immunoassay that detects the presence of antibodies in a person’s blood. The kit can produce results in just 15 minutes and has a reported accuracy rate of 94.2%. The kit is also affordable, with a cost of RM39 (approximately USD 9) per test.

The development of the MyEG Covid-19 rapid testing kit has helped to increase Malaysia’s testing capacity and reduce the country’s dependence on imported test kits. The MOH has also approved several other rapid testing kits for use in Malaysia, including the Antigen Rapid Test Kit (ART) and the Abbott Panbio COVID-19 antigen rapid test and participate to propel the growth of Malaysia Coronavirus Testing Kits Market. In addition to the development of local testing kits, Malaysia has also been working to increase the availability of testing through partnerships with private companies. In December 2020, the MOH announced that it had partnered with four private laboratories to provide COVID-19 testing services. The partnership allowed private laboratories to offer PCR tests at a lower cost, making testing more accessible to the public. Thereby, led to the development of Malaysia Coronavirus Testing Kits Market. 


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Market Segmentation

The Malaysia coronavirus testing kits market is segmented by type of test, use, full test time, technology, specimen type, mobility and end user, regional distribution, and competitional landscape. Based on type of test, the market is further segmented into molecular and serological. Based on use, the market is further segmented into multiple test and single test. Based on full test time, the market is further segmented into 5 Hours-12 Hours, 1 Hours- 5 Hours, 15-60 Minutes, less than 15 Minutes, 12 Hours-24 Hours, More Than 1 Day. Based on technology, the market is bifurcated into RT-PCR, and Rapid Diagnostic. Based on specimen type, the market is further segmented into Nasopharyngeal Specimen, Oropharyngeal Specimen, Blood, Sputum, and Others. Based on mobility, the market is further segmented into Stationary, and Mobile. Based on End User, the market is further segmented into Public Health Labs, Hospitals, Private or Commercial Laboratories, and Others.

Market Players

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, etc. are some of the leading companies operating in the market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023E

Forecast Period

2024F – 2028F

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type of Test

·         Use

·         Full Test Time

·         Technology

·         Specimen Type

·         Mobility

·         End User

Region Scope

East Coast Region, Southern Region, Northern Region, East Region, Central Region

Key Companies Profiled

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.

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Malaysia coronavirus testing kits market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Malaysia Coronavirus Testing Kits Market, By Type of Test:
    • Molecular
    • Serological
  • Malaysia Coronavirus Testing Kits Market, By Use:
    • Multiple Test
    • Single Test
  • Malaysia Coronavirus Testing Kits Market, By Full Test Time:
    • 5 Hours-12 Hours
    • 1 Hours- 5 Hours
    • 15-60 Minutes
    • Less than 15 Minutes
    • 12 Hours-24 Hours
    • More Than 1 Day
  • Malaysia Coronavirus Testing Kits Market, By Technology:
    • RT-PCR
    • Rapid Diagnostic Test
  • Malaysia Coronavirus Testing Kits Market, By Specimen Type:
    • Nasopharyngeal Specimen
    • Oropharyngeal Specimen
    • Blood
    • Sputum
    • Others
  • Malaysia Coronavirus Testing Kits Market, By Mobility:
    • Stationary
    • Mobile
  • Malaysia Coronavirus Testing Kits Market, By End User:
    • Public Health Labs
    • Hospitals
    • Private or Commercial Laboratories
    • Others
  • Malaysia Coronavirus Testing Kits Market, By Region:
    • East Coast Region
    • Southern Region
    • Northern Region
    • East Region
    • Central Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Malaysia coronavirus testing kits market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Malaysia Coronavirus Testing Kits market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Malaysia Coronavirus Testing Kits Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Type of Test (Molecular v/s Serological)

5.2.2.     By Use (Multiple Test v/s Single Test)

5.2.3.     By Full Test Time (5 Hours-12Hours, 1 Hours- 5 Hours,15-60Minutes, Less than 15 Minutes,12 Hours-24Hours, More Than 1 Day)

5.2.4.     By Technology (RT-PCR v/s Rapid Diagnostic Test)

5.2.5.     By Specimen Type (Nasopharyngeal Specimen, Oropharyngeal Specimen, Blood, Sputum, Others)

5.2.6.     By Mobility (Stationary v/s Mobile)

5.2.7.     By End User (Public Health Labs, Hospitals, Private or Commercial Laboratories, Others)

5.2.8.     By Region

5.2.9.     By Company (2022)

5.3.  Product Market Map

6.    Malaysia RT-PCR Based Coronavirus Testing Kits Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type of Test

6.2.2.     By Use

6.2.3.     By Full Test Time

6.2.4.     By Specimen Type

6.2.5.     By Mobility

6.2.6.     By End User

7.    Malaysia Coronavirus Rapid Diagnostic Test Kits Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type of Test

7.2.2.     By Use

7.2.3.     By Full Test Time

7.2.4.     By Specimen Type

7.2.5.     By Mobility

7.2.6.     By End User

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

10.  Policy & Regulatory Landscape

11.  List of COVID-19 Test Kits Approved in Malaysia

12.  Import-Export Analysis

13.  Malaysia Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  Medical Innovation Ventures Sdn. Bhd. (Mediven)

14.2.2.  Sengenics Sdn. Bhd.

14.2.3.  Top Biotech Sdn Bhd

14.2.4.  Quidel Corporation Malaysia

14.2.5.  Roche (Malaysia) Sdn. Bhd.

14.2.6.  Abbott Laboratories (M) Sdn. Bhd.

14.2.7.  Cellex, Inc Malaysia

14.2.8.  SD Biosensor, Inc Malaysia

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing number of patients suffering from COVID-19 are demanding for early diagnosis and efficient analysis of the infectious virus. Also, advancing healthcare for the identification of disease-causing viruses are some of the major factors driving the growth of the Malaysia coronavirus testing kits market in the forecast period, 2024-2028.

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Medical Innovation Ventures Sdn. Bhd. (Mediven), Sengenics Sdn. Bhd., Top Biotech Sdn Bhd, Quidel Corporation Malaysia, Roche (Malaysia) Sdn. Bhd., among others are some of the leading companies dedicated toward providing related products and services and support the future growth of the Malaysia coronavirus testing kits market in the upcoming five years.

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Hospitals are anticipated to hold the largest revenue shares of the Malaysia pulse oximeter market and thus lead the market segment by end user in the upcoming five years on the grounds of increasing patient count suffering from various chronic diseases in the country. Patients that already have weaker immune system are at high risk of contracting COVID-19. Early diagnosis may help in controlling the infection and thus supporting the growth of the Malaysia coronavirus testing kits market in the forecast years.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Sakshi Bajaal

Business Consultant
Press Release

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

Jun, 2021

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.

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