Canada Covid-19 Diagnostics Market Size & Outlook
Canada covid-19 diagnostics market, 2020-2030 (US$M)
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Canada covid-19 diagnostics market highlights
- The Canada covid-19 diagnostics market generated a revenue of USD 384.1 million in 2023 and is expected to reach USD 82.8 million by 2030.
- The Canada market is expected to grow at a CAGR of -19.7% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 384.1 million |
| Market revenue in 2030 | USD 82.8 million |
| Growth rate | -19.7% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, Canada accounted for 1.2% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. covid-19 diagnostics 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 82.8 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada covid-19 diagnostics 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 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 66.96% in 2023. Horizon Databook has segmented the Canada covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
The significant increase in COVID-19 cases has propelled the testing processes carried out in the country. The testing rates in the country are consistently increasing. Moreover, as of June 2021, the rate of COVID-19 testing in the country reached 929,384 per million people.
In May 2021, the government of Canada announced to improve access to COVID-19 rapid tests among workers. This initiative is designed to help recognize candidates who carry SARS-CoV-2. Furthermore, LIAISON by Dia Sorin was the first serological test approved by Health Canada for use in the country.
BGI donated COVID-19 testing equipment to Sinai Health System to boost its COVID-19 testing capacity. Such companies are expected to contribute to market growth in the country by increasing the use of COVID19 diagnostic testing kits.
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Target buyers of Canada covid-19 diagnostics market databook
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Our clientele includes a mix of covid-19 diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Canada covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Canada covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Canada COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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