LONDON--(BUSINESS WIRE)--Technavio has been monitoring the coronavirus test kits market in North America and it is poised to grow by USD 116.27 million during 2020-2024, decelerating at a CAGR of about -31% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
- Based on segmentation by end-user, which is the leading segment in the market?
- The non-government sector is expected to be the leading segment in the global market during the forecast period.
- What are the major trends in the market?
- Product innovations is one of the major trends in the market.
- Who are the top players in the market?
- 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., and Thermo Fisher Scientific Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Regional outbreak of coronavirus is one of the major factors driving the market. However, the rising demand for renewable energy sources restraints the market growth.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 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., and Thermo Fisher Scientific Inc. are some of the major market participants. The regional outbreak of coronavirus will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Coronavirus Test Kits Market in North America 2020-2024: Segmentation
Coronavirus Test Kits Market in North America is segmented as below:
-
End-user
- Government
- Non-government
-
Geography
- US
- Canada
- Mexico
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Coronavirus Test Kits Market in North America 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The coronavirus test kits market in North America report covers the following areas:
- Coronavirus Test Kits Market in North America Size
- Coronavirus Test Kits Market in North America Trends
- Coronavirus Test Kits Market in North America Analysis
This study identifies product innovations as one of the prime reasons driving the coronavirus test kits market growth in North America during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Coronavirus Test Kits Market in North America 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist coronavirus test kits market growth in North America during the next five years
- Estimation of the coronavirus test kits market size in North America and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the coronavirus test kits market in North America
- 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
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Scenario Analysis
- Market outlook: Forecast for 2020 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Government - Market size and forecast 2020-2024
- Non-government - Market size and forecast 2020-2024
- Market opportunity by End user
Customer landscape
Regional Landscape
- Geographic segmentation
- Geographic comparison
- US - Market size and forecast 2020-2024
- Canada - Market size and forecast 2020-2024
- Mexico - Market size and forecast 2020-2024
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abbott Laboratories
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
