Coronavirus Test Kits Market In North America To Shrink By USD 1.41 Billion (2024-2028) As Integration With Routine Healthcare Evolves, AI-Powered Report By Technavio

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Market Driver

The coronavirus test kits market in North America is experiencing significant growth due to the ongoing research and development of COVID-19 vaccines and tests. Product quality and visibility are crucial factors driving sales. Vendors are promoting test kits through websites and awareness programs. Notably, several research organizations are developing multi-sample testing kits. The US Food and Drug Administration (FDA) granted an Emergency Use Authorization (EUA) to Lucira Health for the first over-the-counter (OTC) at-home diagnostic test that identifies both influenza A and B and SARS-CoV-2 in around 30 minutes. In addition, Talis Biomedical launched the Rapid Point-of-Care COVID-19 Test kit, which can identify SARS-CoV-2 in under 30 minutes using a compact instrument. Thermo Fisher Scientific introduced a new COVID-19 test kit that identifies the presence of any one of eight SARS-CoV-2 gene targets, providing reliable results even for potential virus mutations. These new test kit launches positively impacted the growth of the coronavirus test kits market in North America. However, market growth is dependent on the occurrence of future COVID-19 events.

The Coronavirus market in North America is currently focused on RT PCR tests for COVID-19 diagnosis. With the ongoing pandemic, there is a high demand for COVID-19 Test Kits using various diagnostic techniques. Immunization coverage and booster doses are also being closely monitored. The flu season and travel restrictions have impacted the market, with tourism and travel industries taking a hit. Mask mandates and social distancing measures have increased the need for COVID Testing Kits. Multiplex NAATs are gaining popularity for tracing and testing infected individuals, including recovered patients. Technological advancements have led to the development of rapid testing kits and immunoassay test strips. The market is witnessing regulatory approvals from governments and private funds for emergency use authorizations of non-medical devices as COVID-19 cases continue to rise. Hospitals and clinics, along with diagnostic laboratories, are at the forefront of this battle against infectious diseases, including respiratory illnesses like COVID-19, flu, and respiratory syncytial virus. The market for COVID-19 testing kits is expected to grow significantly due to the ongoing pandemic, with hospitals and clinics, and diagnostic laboratories playing a crucial role in providing testing services. The market for COVID-19 testing kits is expected to grow significantly due to the ongoing pandemic, with hospitals and clinics, and diagnostic laboratories playing a crucial role in providing testing services. The government of Singapore has also approved the use of antigen rapid tests for COVID-19 detection. The market for COVID-19 testing kits is expected to continue growing as the world battles various infectious pathogens.

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Market
Challenges

• The coronavirus test kits market in North America is experiencing challenges due to the circulation of counterfeit products. Widespread testing is crucial for controlling the COVID-19 pandemic, but the unauthorized sale of fake test kits poses risks to consumer health and the reputation of established market players. US Customs and Border Protection has seized several shipments of suspected counterfeit test kits arriving from the UK. Health Canada also warned against the use of unlicensed COVID-19 test kits from Health Advance Inc. Sold through Healthful Plus. The complex supply chain and fragmented wholesale market facilitate the sale of counterfeit test kits, which can lead to financial losses, brand damage, and potential health risks. These substandard kits may not comply with FDA and
  EU standards, causing bacterial contamination and decreased product reliability. The prevalence of counterfeit test kits may deter end-users from adopting coronavirus testing and hinder the growth of the coronavirus test kits market in North America.
• The Coronavirus Test Kits market in North America faces several challenges in the current scenario. Obtaining private funds for mass production and distribution of these kits is a significant hurdle. Emergency Use Authorizations (EUAs) for non-medical devices are necessary, but discrepancies in testing protocols for infectious diseases like COVID-19, flu, RSV, and other respiratory illnesses can lead to inaccurate results. Healthcare workers (HCWs) require reliable testing to ensure patient safety and trace and test recovered patients. Immunoassay test strips are essential for rapid testing, but sensitivity and accuracy are crucial factors. Technological advancements, such as nasopharyngeal, oropharyngeal, and nasal swabs, are improving the testing process. Hospitals, clinics, diagnostic laboratories, and government agencies require various testing solutions for infectious diseases, genetic disorders, and pathogen detection in fields like oncology, forensic sciences, and food microbiology. The mortality rate focuses the need for reliable and accurate testing. Rapid testing kits from the Government of Singapore's antigen rapid test and other major infectious disease testing companies are essential to combat the spread of infectious pathogens. Laboratory techniques, such as DNA-based methods, are essential for accurate results. Overall, the Coronavirus Test Kits market in North America requires a response from healthcare providers and product portfolios to meet the demands of various industries and sectors.

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Segment Overview

This coronavirus test kits market in North America report extensively covers market segmentation by