North America Covid-19 Detection Poc Kits Market Size & Outlook
North America covid-19 detection poc kits market, 2020-2030 (US$M)
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North America covid-19 detection poc kits market highlights
- The North America covid-19 detection poc kits market generated a revenue of USD 1,029.6 million in 2022.
- The market is expected to grow at a CAGR of -2.8% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,029.6 million |
| Market revenue in 2030 | USD 818.3 million |
| Growth rate | -2.8% (CAGR from 2022 to 2030) |
| Largest segment | Nasopharyngeal (np) swab |
| Fastest growing segment | Oropharyngeal (OP) swab |
| Historical data covered | 2020 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 29.3% of the global covid-19 detection poc kits market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 818.3 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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North America 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 57.55% in 2022. Horizon Databook has segmented the North America 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 spike in incidence of COVID-19 and local presence of major players involved in research & manufacture of diagnostic tests, utilizing various technologies, are expected to contribute to the North American market's growth.
As reported by World meter, as of June 2021, the number of COVID-19 cases in North America reached 40,032,365, indicating the increased demand for COVID-19 diagnostic kits in the region. Due to the pandemic, governing bodies such as Health Canada and the U.S.
FDA allowed Emergency Use Authorizations (EUAs) for COVID-19 test kits, including PoC tests, to increase testing. For instance, in September 2021, the U.S. FDA authorized over 400 COVID-19 tests and collection kits, including 235 molecular, 88 antibody, and 34 antigen tests.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America covid-19 detection poc kits market , including forecasts for subscribers. This continent databook contains high-level insights into North America covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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North America covid-19 detection poc kits market size, by country, 2020-2030 (US$M)
North America COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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