Coronavirus Test Kits Market in North America by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43251

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The coronavirus test kits market size in North America is expected to decline by USD 27.11 billion and record a CAGR of over (24)% during 2021-2025.

This post-pandemic coronavirus test kits market report of North America has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this coronavirus test kits market analysis report of North America, key drivers such as the regional outbreak of coronavirus have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as government measures to mitigate the impact of COVID-19, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Coronavirus Test Kits Market Size in North America be in 2021?

Coronavirus Test Kits Market Size in North America

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Who are the Key Vendors in the Coronavirus Test Kits Market in North America?

The coronavirus test kits market forecast report of North America provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Abbott Laboratories
  • Becton, Dickinson and Co.
  • Co Diagnostics Inc.
  • Danaher Corp.
  • F. Hoffmann La Roche Ltd.
  • GenMark Diagnostics Inc.
  • Hologic Inc.
  • Laboratory Corp. of America Holdings
  • QIAGEN NV
  • Thermo Fisher Scientific Inc.

 

The coronavirus test kits market in North America is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This coronavirus test kits market report of North America further entails segmentation by end-user (government and non-government) and geography (the US, Canada, and Mexico). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Coronavirus Test Kits Market in North America?

Test-Kits-Market-For-Corona-Virus-Testing-Market-In-North-America-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. Mexico had the largest market share in the coronavirus test kits market in North America in 2021, and the region will offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

1% of the market’s growth will originate from Mexico during the forecast period. This report provides estimations of the contribution of all regions to the growth of the coronavirus test kits market size in North America.

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What are the Key Factors Covered in this Coronavirus Test Kits Market Report of North America?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive coronavirus test kits market growth in North America during the next five years
  • Precise estimation of the test kits for coronavirus testing market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the coronavirus test kits industry across the US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of coronavirus test kits market vendors in North America 

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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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The test kits market for corona virus testing market growth will increase by $-583.31 million during 2019-2024.
The test kits market for corona virus testing market is expected to grow at a CAGR of -30.89% during 2019-2024.
Technavio has segmented the test kits market for corona virus testing market by end user (Government and Non-government) and geographic (US, Canada, and Mexico).
Abbott Laboratories, Becton, Dickinson and Co., Co-Diagnostics Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., GenMark Diagnostics Inc., Hologic Inc., Laboratory Corp. of America Holdings, Quidel Corp., Thermo Fisher Scientific Inc. are a few of the key vendors in the test kits market for corona virus testing market.
Mexico will register the highest growth rate of 1.20% among the other regions. Therefore, the test kits market for corona virus testing market in Mexico is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the test kits market for corona virus testing market growth are:
  • Regional outbreak of coronavirus
The test kits market for corona virus testing market vendors should focus on grabbing business opportunities from the government segment as it accounted for the largest market share in the base year.
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