North America - Coronavirus Test Kits Market by End-user and Type - Forecast and Analysis 2023-2027

Published: Sep 2023

Pages: 147

SKU: IRTNTR43251

Snapshot

North America - Coronavirus Test Kits Market 2023-2027

The North America - Coronavirus Test Kits Market size is estimated to decline at a CAGR of 23.81% between 2022 and 2027. The market size is forecast to decrease by USD -8.77 billion. The growth of the market depends on several factors that play a crucial role in the market's growth, such as the rising adoption of rapid coronavirus test kits, the fastrack approval of coronavirus diagnostic kits,, and government initiatives to boost sales of coronavirus test kits.

This North America Coronavirus Test Kits Market report extensively covers market segmentation by end-user (government and non-government) and type (rapid test kit, rt-PCR, and others). The report also covers an in-depth analysis of drivers, trends, and challenges.

North America Coronavirus Test Kits Market Overview

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Key North America Coronavirus Test Kits Market Driver

The rising adoption of rapid coronavirus test kits is notably driving the market growth. Most countries across North America have reported saturation of their healthcare systems in the last five years due to the high patient loads requiring intensive care. To address this situation and ensure timely diagnosis, governments in various countries focused on increasing their mass testing capabilities by making home testing kits available. For instance, in May 2022, more than 70 million test kit packages had been shipped to households across the US. The home test involves pricking a finger to produce a drop of blood. The test detects the presence of IgM, an antibody that arises very early in the infection, and IgG. The finger-prick test produces results in 10-15 minutes, which can assist doctors and nurses who have symptoms to test themselves.

In addition, an increasing number of manufacturers and researchers are offering low-cost and rapid tests based on immunoassays and molecular diagnostics. Furthermore, the high adoption of such test products ensures fast test results and timely treatment, thus reducing the load on testing centers which ultimately leads to the North America coronavirus test kits market expansion. Thus, the rising launch and the adoption of rapid diagnostic coronavirus testing kits will drive the growth of the market in focus during the forecast period.

Key North America Coronavirus Test Kits Market Trends

The launch of new COVID-19 test kits is an emerging trend shaping the market growth. Research studies pertaining to COVID-19 are increasing. These studies are mainly focused on finding vaccines against the novel coronavirus. In addition, product visibility and quality have an important role in the sales of coronavirus test kits and the North America coronavirus test kits market growth. Vendors are promoting the use of test kits through their websites and awareness programs. Several research organizations across the region are researching and developing tool kits for testing multiple samples at a time using a single kit. They are also increasing awareness about the early detection of COVID-19. As product enhancement continues in the market, vendors are beginning to realize the importance of the test kit and launch test kits with enhanced functionality, such as multiple-time test kits.

For instance, in some recent product launches such as in September 2021, Thermo Fisher Scientific launched a new COVID-19 test kit. By detecting the presence of any one of eight SARS-CoV-2 gene targets, the new kit has been modified to allow for the identification of active SARS-CoV-2. By examining numerous genes, it aids in providing reliable results, even for present and potential COVID-19 virus mutations. Thus, the increasing launch of new COVID-19 test kits will spur the growth of the coronavirus test kits market in North America during the forecast period.

Major North America Coronavirus Test Kits Market Challenge

Inaccuracy associated with rapid diagnostic tests is a significant challenge hindering market growth. Financial inconsistency and inaccuracy associated with rapid diagnostic test results are likely to hamper the adoption of POC coronavirus test kits by end-users. The adoption of rapid diagnostic products has increased as they provide rapid test results. However, inaccurate test results (false-negative and false-positive results) may lead to misdiagnosis and wrong treatment, which, in turn, may limit the uptake of coronavirus test kits required for rapid diagnostic purposes. POC molecular diagnostics are highly sensitive products and require skilled laboratory professionals to conduct the tests.

Moreover, the inaccuracy associated with the testing of COVID-19 with rapid test kits impeded the growth of the North America coronavirus test kits market in 2020. Some manufacturers developed COVID-19 test kits, which are inaccurate and inefficient. Thus, inaccuracy associated with diagnostic kits is likely to impede the growth of the coronavirus test kits market in North America during the forecast period.

North America Coronavirus Test Kits Market Largest Segment and Geographic Analysis

End-user Segment Analysis

The government segment is estimated to witness significant growth during the forecast period. Governments at various levels, including federal, state, and municipal, are key consumers of coronavirus test kits for public health purposes. Governments at all levels have implemented testing programs and have taken several initiatives to monitor and control the spread of COVID-19.

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These programs involve massive testing campaigns, both for symptomatic and asymptomatic individuals. One such initiative is that the White House introduced COVIDTests.gov in January 2022, which allowed all American households to buy free at-home test kits from the federal government, which were then delivered by the US Postal Service. As a result, governments require a substantial number of test kits to meet the growing demand for coronavirus test kits, driving the growth of the market in focus during the forecast period.

Who are the Major North America Coronavirus Test Kits Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Abbott Laboratories - The company offers coronavirus test kits such as Panbio COVID-19 Ag Rapid Test Device that contains a membrane strip, which is pre-coated with immobilized anti-SARS-CoV-2 antibody on the test line and mouse monoclonal anti-chicken IgY on the control line

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The North America Coronavirus Test Kits Market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

End-user Outlook
- Government
- Non-government

Type Outlook
- Rapid test kit
- RT-PCR
- Others

North America Coronavirus Test Kits Market????? Scope
Report Coverage	Details
Page number	147
Base year	2022
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of 23.81%
Market growth 2023-2027	USD -8.77 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	-14.83
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Abbott Laboratories, Advaite Inc., Becton Dickinson and Co., Biomedomics Inc., bioMerieux SA, Cellex Inc., Co Diagnostics Inc., Cue Health Inc., Danaher Corp., DiaSorin SpA, F. Hoffmann La Roche Ltd., Hologic Inc., Laboratory Corp. of America Holdings, Mammoth Biosciences Inc., MyBioSource Inc., QIAGEN NV, Quidelortho Corp., RayBiotech Life Inc., Robert Bosch GmbH, SHERLOCK BIOSCIENCES, Talis Biomedical Corp., and Thermo Fisher Scientific Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this North America Coronavirus Test Kits Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)

5.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user

5.3 Government - Market size and forecast 2022-2027
- Exhibit 29: Chart on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Government - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Government - Year-over-year growth 2022-2027 (%)

5.4 Non-government - Market size and forecast 2022-2027
- Exhibit 33: Chart on Non-government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Non-government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Non-government - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Non-government - Year-over-year growth 2022-2027 (%)

5.5 Market opportunity by End-user
- Exhibit 37: Market opportunity by End-user ($ billion)
- Exhibit 38: Data Table on Market opportunity by End-user ($ billion)

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 39: Chart on Type - Market share 2022-2027 (%)
- Exhibit 40: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 41: Chart on Comparison by Type
- Exhibit 42: Data Table on Comparison by Type

6.3 Rapid test kit - Market size and forecast 2022-2027
- Exhibit 43: Chart on Rapid test kit - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Data Table on Rapid test kit - Market size and forecast 2022-2027 ($ billion)
- Exhibit 45: Chart on Rapid test kit - Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Rapid test kit - Year-over-year growth 2022-2027 (%)

6.4 RT-PCR - Market size and forecast 2022-2027
- Exhibit 47: Chart on RT-PCR - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on RT-PCR - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on RT-PCR - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on RT-PCR - Year-over-year growth 2022-2027 (%)

6.5 Others - Market size and forecast 2022-2027
- Exhibit 51: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type
- Exhibit 55: Market opportunity by Type ($ billion)
- Exhibit 56: Data Table on Market opportunity by Type ($ billion)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)

8.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison

8.3 US - Market size and forecast 2022-2027
- Exhibit 62: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2022-2027 (%)

8.4 Canada - Market size and forecast 2022-2027
- Exhibit 66: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on Canada - Year-over-year growth 2022-2027 (%)

8.5 Mexico - Market size and forecast 2022-2027
- Exhibit 70: Chart on Mexico - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Data Table on Mexico - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Chart on Mexico - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

8.6 Market opportunity by geography
- Exhibit 74: Market opportunity by geography ($ billion)
- Exhibit 75: Data Table on Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 76: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 77: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 78: Overview on factors of disruption

10.4 Industry risks
- Exhibit 79: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 80: Vendors covered

11.2 Market positioning of vendors
- Exhibit 81: Matrix on vendor position and classification

11.3 Abbott Laboratories
- Exhibit 82: Abbott Laboratories - Overview
- Exhibit 83: Abbott Laboratories - Business segments
- Exhibit 84: Abbott Laboratories - Key news
- Exhibit 85: Abbott Laboratories - Key offerings
- Exhibit 86: Abbott Laboratories - Segment focus

11.4 Advaite Inc.
- Exhibit 87: Advaite Inc. - Overview
- Exhibit 88: Advaite Inc. - Product / Service
- Exhibit 89: Advaite Inc. - Key offerings

11.5 Becton Dickinson and Co.
- Exhibit 90: Becton Dickinson and Co. - Overview
- Exhibit 91: Becton Dickinson and Co. - Business segments
- Exhibit 92: Becton Dickinson and Co. - Key news
- Exhibit 93: Becton Dickinson and Co. - Key offerings
- Exhibit 94: Becton Dickinson and Co. - Segment focus

11.6 Biomedomics Inc.
- Exhibit 95: Biomedomics Inc. - Overview
- Exhibit 96: Biomedomics Inc. - Product / Service
- Exhibit 97: Biomedomics Inc. - Key offerings

11.7 bioMerieux SA
- Exhibit 98: bioMerieux SA - Overview
- Exhibit 99: bioMerieux SA - Product / Service
- Exhibit 100: bioMerieux SA - Key news
- Exhibit 101: bioMerieux SA - Key offerings

11.8 Cellex Inc.
- Exhibit 102: Cellex Inc. - Overview
- Exhibit 103: Cellex Inc. - Product / Service
- Exhibit 104: Cellex Inc. - Key offerings

11.9 Co Diagnostics Inc.
- Exhibit 105: Co Diagnostics Inc. - Overview
- Exhibit 106: Co Diagnostics Inc. - Product / Service
- Exhibit 107: Co Diagnostics Inc. - Key news
- Exhibit 108: Co Diagnostics Inc. - Key offerings

11.10 Cue Health Inc.
- Exhibit 109: Cue Health Inc. - Overview
- Exhibit 110: Cue Health Inc. - Product / Service
- Exhibit 111: Cue Health Inc. - Key offerings

11.11 Danaher Corp.
- Exhibit 112: Danaher Corp. - Overview
- Exhibit 113: Danaher Corp. - Business segments
- Exhibit 114: Danaher Corp. - Key news
- Exhibit 115: Danaher Corp. - Key offerings
- Exhibit 116: Danaher Corp. - Segment focus

11.12 DiaSorin SpA
- Exhibit 117: DiaSorin SpA - Overview
- Exhibit 118: DiaSorin SpA - Business segments
- Exhibit 119: DiaSorin SpA - Key news
- Exhibit 120: DiaSorin SpA - Key offerings
- Exhibit 121: DiaSorin SpA - Segment focus

11.13 F. Hoffmann La Roche Ltd.
- Exhibit 122: F. Hoffmann La Roche Ltd. - Overview
- Exhibit 123: F. Hoffmann La Roche Ltd. - Business segments
- Exhibit 124: F. Hoffmann La Roche Ltd. - Key news
- Exhibit 125: F. Hoffmann La Roche Ltd. - Key offerings
- Exhibit 126: F. Hoffmann La Roche Ltd. - Segment focus

11.14 Hologic Inc.
- Exhibit 127: Hologic Inc. - Overview
- Exhibit 128: Hologic Inc. - Business segments
- Exhibit 129: Hologic Inc. - Key news
- Exhibit 130: Hologic Inc. - Key offerings
- Exhibit 131: Hologic Inc. - Segment focus

11.15 Laboratory Corp. of America Holdings
- Exhibit 132: Laboratory Corp. of America Holdings - Overview
- Exhibit 133: Laboratory Corp. of America Holdings - Business segments
- Exhibit 134: Laboratory Corp. of America Holdings - Key news
- Exhibit 135: Laboratory Corp. of America Holdings - Key offerings
- Exhibit 136: Laboratory Corp. of America Holdings - Segment focus

11.16 QIAGEN NV
- Exhibit 137: QIAGEN NV - Overview
- Exhibit 138: QIAGEN NV - Product / Service
- Exhibit 139: QIAGEN NV - Key news
- Exhibit 140: QIAGEN NV - Key offerings

11.17 Thermo Fisher Scientific Inc.
- Exhibit 141: Thermo Fisher Scientific Inc. - Overview
- Exhibit 142: Thermo Fisher Scientific Inc. - Business segments
- Exhibit 143: Thermo Fisher Scientific Inc. - Key news
- Exhibit 144: Thermo Fisher Scientific Inc. - Key offerings
- Exhibit 145: Thermo Fisher Scientific Inc. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 146: Inclusions checklist
- Exhibit 147: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 148: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 149: Research methodology
- Exhibit 150: Validation techniques employed for market sizing
- Exhibit 151: Information sources

12.5 List of abbreviations
- Exhibit 152: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
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Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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