Canada Covid-19 Detection Poc Kits Market Size & Outlook
Canada covid-19 detection poc kits market, 2020-2030 (US$M)
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Canada covid-19 detection poc kits market highlights
- The Canada covid-19 detection poc kits market generated a revenue of USD 54.4 million in 2022 and is expected to reach USD 49.1 million by 2030.
- The Canada market is expected to grow at a CAGR of -1.3% from 2023 to 2030.
- In terms of segment, nasopharyngeal (np) swab was the largest revenue generating type in 2022.
- Oropharyngeal (OP) swab is the most lucrative type segment registering the fastest growth during the forecast period.
Covid-19 detection poc kits market data book summary
| Market revenue in 2022 | USD 54.4 million |
| Market revenue in 2030 | USD 49.1 million |
| Growth rate | -1.3% (CAGR from 2022 to 2030) |
| Largest segment | Nasopharyngeal (np) swab |
| Fastest growing segment | Oropharyngeal (OP) swab |
| Historical data | 2020 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nasopharyngeal (NP) swab, Oropharyngeal (OP) swab, Nasal Swabs, Saliva |
| Key market players worldwide | Abbott Laboratories, Mylab Discovery Solutions, Converge Technology Solutions Corp, Thermo Fisher Scientific Inc, Roche, Danaher Corp, Birks Group Inc Class A, Cue Health Inc, Quest Diagnostics Inc, SD Biosensor |
Other key industry trends
- In terms of revenue, Canada accounted for 1.5% of the global covid-19 detection poc kits market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. covid-19 detection poc kits market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 49.1 million by 2030.
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COVID-19 Detection PoC Kits Market Scope
COVID-19 Detection PoC Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada covid-19 detection poc kits market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to covid-19 detection poc kits market will help companies and investors design strategic landscapes.
Nasopharyngeal (np) swab was the largest segment with a revenue share of 57.72% in 2022. Horizon Databook has segmented the Canada covid-19 detection poc kits market based on nasopharyngeal (np) swab, oropharyngeal (op) swab, nasal swabs, saliva covering the revenue growth of each sub-segment from 2020 to 2030.
The significant increase in COVID-19 cases has propelled the demand for testing in Canada. Testing rates in the country are consistently increasing. As of September 2022, the rate of COVID-19 testing in the country reached 1,691,366 per million people.
In May 2021, the Government of Canada announced improvements to access for COVID-19 rapid tests among workers. This initiative was designed to help recognize workers who could be suffering from COVID-19. Furthermore, LIAISON by Dia Sorin was the first serological test approved by Health Canada for local use.
BGI donated COVID-19 testing equipment to Sinai Health System to boost its COVID-19 testing capacity. Such initiatives are expected to contribute to market growth in the country. Previously, the Canadian government mandated all travelers from India to carry a COVID-19 test report, performed within 18 hours of flying.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada covid-19 detection poc kits market , including forecasts for subscribers. This country databook contains high-level insights into Canada covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Canada covid-19 detection poc kits market size, by type, 2020-2030 (US$M)
Canada COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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