Global COVID-19 Saliva Screening Test Market Forecast 2024-2033
The covid-19 saliva screening test potential global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
COVID-19 Saliva Screening Test Potential Market, 2024 report by The Business
Research Company offers comprehensive insights into the current state of the
market and highlights future growth opportunities.
Market Size -
The COVID-19 saliva screening test potential market size has grown strongly in
recent years. It will grow from $3.57 billion in 2023 to $3.90 billion in 2024
at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be
attributed to the potential for home testing, unprecedented need for diagnostic
testing, rise in public awareness, and research and development investment.
The COVID-19 saliva screening test potential market size is expected to see
strong growth in the next few years. It will grow to $5.64 billion in 2028 at a
compound annual growth rate (CAGR) of 9.6%.
The growth in the forecast period can be attributed to integration with
screening programs, regulatory support, growing demand for speedy,
point-of-care COVID-19 tests, increasing population, and the rise of
e-commerce. Major trends in the forecast period include increased adoption in
non-healthcare settings, integration with digital health platforms, emergence
of next-generation technologies, technological advancements, and strategic
partnerships.
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Scope Of COVID-19 Saliva Screening Test Potential Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
COVID-19 Saliva Screening Test Potential Market Overview
Market Drivers -
The increasing healthcare expenditure is expected to propel the growth of the
COVID-19 saliva screening test potential market going forward. Healthcare
expenditure is the entire amount spent on healthcare-related goods and
services, including prescription drugs, hospital stays, doctor visits, medical
equipment, and public health campaigns. The healthcare expenditure is
increasing due to several factors, such as minimally invasive surgeries,
cutting-edge diagnostic tools, increase in research and development for new
drugs, utilization of healthcare services, and specialty medications. The
higher healthcare expenditure can provide the necessary resources and support
to leverage the full potential of COVID-19 saliva screening tests, contributing
to more effective pandemic management and better public health outcomes. For
instance, in May 2023, according to the Office for National Statistics, a
UK-based statistics authority, the UK's healthcare expenditure grew by 9.7% in
real terms and 9.4% in nominal terms. The overall amount spent on healthcare in
the UK in 2021 was $367.25 billion (£280.7 billion), while the total amount
spent on pharmaceuticals was $51.84 billion (£39.6 billion). Further, spending
on preventative care more than quadrupled to $45.93 billion (£35.1 billion) in
2021 compared to the previous year. Therefore, the increasing healthcare
expenditure is driving the growth of the COVID-19 saliva screening test
potential market.
Market Trends -
Major companies operating in the COVID-19 saliva screening test potential
market are focused on developing innovative programs, such as COVID-19 saliva
testing programs, to expand their product offerings and reach a broader
customer base. A COVID-19 saliva testing program is an initiative or system
implemented to test for SARS-CoV-2 (the virus that causes COVID-19) using
saliva samples rather than more invasive nasopharyngeal or nasal swab samples.
For instance, in April 2021, Mount Sinai Health System, a US-based healthcare
network, launched the Mount Sinai COVID-19 PCR Saliva Testing program to
provide quick, noninvasive, and precise testing. This testing program is
designed to provide quick and accurate results, enabling individuals to return
to in-person work settings and leisure activities confidently. The program's
scalability is noteworthy, with plans to process up to 100,000 daily tests,
ensuring widespread testing availability. Its success is further highlighted by
the ability to report results within 24 hours for most tests, demonstrating
efficiency and rapid response capabilities. The program aims to facilitate the
safe return to in-person learning and activities by offering child-friendly and
comfortable testing options. This initiative emphasizes the importance of
testing in controlling the spread of COVID-19 and supports the community's
well-being during the reopening phase.
The COVID-19 saliva screening test potential market covered in this report is
segmented –
1) By Location: Travel Stations, Sports Arenas, Entertainment Venues, Corporate
Campus Environments, Universities And Colleges, Factories, Other Locations
2) By Technology: Fluorescence-Labelled Antigen, RT-PCR, CRISPR-Cas9
3) By Mode of Testing: Centralized Testing, Decentralized Testing
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Regional Insights -
North America was the largest region in the COVID-19 saliva screening test
potential market in 2023. The regions covered in the COVID-19 saliva screening
test potential market report are Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the COVID-19 saliva screening test potential
market are Roche Diagnostics
Corporation, Thermo Fisher Scientific Inc., Abbott Laboratories, Becton
Dickinson and Company, Danaher Corporation, University of North Carolina at
Chapel Hill, Hologic Inc., Beaumont Health, PerkinElmer Inc., Quidel
Corporation, University of Illinois at Urbana-Champaign, Cepheid, Seegene Inc.,
ARUP Laboratories, Vatic Health Limited, Ambry Genetics Corporation, LumiraDx
Ltd., Yale School of Public Health, Gravity Diagnostics, Psomagen Inc.,
Fluidigm Corporation, Phosphorus Diagnostics LLC, DxTerity Diagnostics Inc.,
University of Notre Dame, MOgene, FLuroTech Ltd.
Table of Contents
1. Executive Summary
2. COVID-19 Saliva Screening Test Potential Market Report Structure
3. COVID-19 Saliva Screening Test Potential Market Trends And Strategies
4. COVID-19 Saliva Screening Test Potential Market – Macro Economic Scenario
5. COVID-19 Saliva Screening Test Potential Market Size And Growth
…..
27. COVID-19 Saliva Screening Test Potential Market Competitor Landscape And
Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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