photonic integrated circuit Report: Expansion in Market Size Owing To 2021-2031
POCT Devices with Virus Receptors for COVID-19 Detection Gain Popularity Even as the COVID-19 outbreak has subsided in many regions of the world, countries such as Spain, Saudi Arabia, the U.K., and Germany are still under the siege of the pandemic. Companies in the photonic integrated circuits (PIC) market are capitalizing on this opportunity to develop point-of-care testing (POCT) devices that facilitate quick and reliable detection of whether a patient is infected using virus receptors. Common business challenges, including disruptions in supply of raw materials and volatile demand are affecting business activities. However, the photonic integrated circuits (PIC) market and the semiconductor industry is far from experiencing the devastating effects of the coronavirus outbreak as compared to healthcare, airlines, and hospitality industries. Many companies are seen to have sufficient inventory stocks, and are adopting the plug and play mode to manage production activi...