USA’s Rapid Test Kits Market Size, Share, Trend, Forecast, and Growth Opportunity: 2022-2027
The report on the USA’s Rapid Test Kits Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2027. The report also offers insights into different market segments and other factors affecting the market.
Report Forecast:
The USA was comparatively slow than Europe in approving rapid tests for Sars Cov-2. Most of the tests performed for the detection of the Sars-Cov-2 virus in 2020 were professional/laboratory tests. The market for rapid tests grew significantly in 2021. The diagnostics industry developed and manufactured millions of COVID-19 antigen tests. With the easy availability of over-the-counter rapid test kits, the market soared in the second year of COVID-19. The rapid test kits market has been expanding more than any other, in recent two years, and until herd immunity is reached, this trend will continue. Testing for other infectious diseases too is likely to reach back to its pre-pandemic levels in the coming years.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of USA’s Rapid Test Kits Market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the USA’s Rapid Test Kits Market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Listed below are the top key players that dominate the USA’s Rapid Test Kits Market –
- Abbott Laboratories
- QuidelOrtho Corporation
- Becton, Dickinson, and Company
- LumiraDx
- QIAGEN
- Meridian Bioscience Inc.
- Sekisui Diagnostics, LLC
- OraSure Technologies
- Chembio Diagnostics, Inc.
- Diagnostics Direct, LLC
USA’s Rapid Test Kits Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The USA’s Rapid Test Kits Market is segmented into the following categories.
By Infection Type
The USA’s rapid test kits market is segmented into respiratory infection and sexually transmitted infection. Respiratory infection is expected to remain the key demand generator of the market during the forecast period, owing to the outbreaks of diseases, mutations, emerging pathogens, and their growing resistance (e.g., to antibiotics). Among the innovations introduced by the COVID-19 pandemic were non-prescription "over-the-counter" infectious disease tests. As the world recovers from the COVID-19 pandemic, these innovative solutions will usher in a new era of infectious disease tests that go beyond the detection of SARS-CoV-2.
By End-User Type
The market is segmented into OTC & POC and hospitals & laboratories. OTC & POC test kits are expected to be the larger and faster-growing segment during the forecast period. SARS-CoV-2 rapid antigen tests are driving growth in infectious disease testing, which was previously dominated by central labs. Furthermore, POC tests provide patients and clinicians with immediate and accurate results. Many diseases now have point-of-care (POC) tests that are inexpensive, simple to use, reliable, and widely used.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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