Key Trends and Insights into the COVID-19 Saliva Screening Test Potential Market: Growth Rate and Opportunities to 2034
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What Future CAGR is Anticipated for the COVID-19 Saliva Screening Test Potential Market Over the 2025–2034 Period?
The potential market for the COVID-19 saliva screening test has seen robust expansion in the past few years. It is anticipated to swell from $3.9 billion in 2024 to $4.29 billion in 2025, marking a compound annual growth rate (CAGR) of 9.9%. Factors contributing to the growth during the historic period include the potential for at-home testing, an unparalleled demand for diagnostic testing, heightened public awareness, and investment into research and development.
There is a prediction for significant expansion of the COVID-19 saliva screening test potential market, expecting to reach $6.17 billion by 2029, marking a compound annual growth rate (CAGR) of 9.5%. This predicted growth during the forecast period can be credited to factors such as its incorporation into screening programs, increased demand for quick, on-the-spot COVID-19 tests, regulatory backing, demographic growth, and the emergence of e-commerce. Upcoming trends for this period encompass their growing use in non-medical settings, connection with digital health infrastructures, launch of pioneering technologies, advancements in technology, and strategic collaborations.
What Key Drivers Are Accelerating the Growth of the COVID-19 Saliva Screening Test Potential Market During the Forecast Period?
The upward trend in healthcare spending is predicted to fuel the expansion of the COVID-19 saliva screening test potential market. Healthcare spending embodies the total costs incurred on health-related products and services, such as prescription medication, hospitalizations, doctor consultations, medical devices, and public health initiatives. Driving the rise in this expenditure are several variables, including the adoption of minimally invasive procedures, advanced diagnostic technology, the discovery and development of new drugs, the use of health services, and specialized drugs. The increased investment in healthcare could provide the necessary resources and aid to maximize the potential of COVID-19 saliva screening tests, making pandemic control more effective and improving overall public health. For example, the Office for National Statistics, a UK-based statistical entity on epilepsy, stated that healthcare spending in the UK rose to around $354.88 billion (£283 billion) in 2022, a nominal rise of 0.7% compared to the previous year’s spending. Thus, the escalating healthcare spending is steering the growth of the COVID-19 saliva screening test potential market.
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Who Are the Influential Players Fueling Innovation and Growth in the COVID-19 Saliva Screening Test Potential Market?
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
What Impact Are Industry Trends Having on the COVID-19 Saliva Screening Test Potential Market’s Future Prospects?
Leading businesses involved in the market for COVID-19 saliva screening tests are concentrating on creating state-of-the-art technologies like data-sharing platforms. These platforms augment real-time communication and cooperation between healthcare providers, laboratories, and public health authorities. The goal is to improve the speed and accuracy of testing, monitoring, and responding during the outbreak. Data-sharing platforms are electronic systems that allow the safe transfer of data between stakeholders such as healthcare providers, researchers, and organizations. They enable collaboration and accessibility of information, enhancing decision-making, productivity, and results across diverse sectors. For example, the Center for Healthcare Readiness was launched by Mount Sinai Health System, a healthcare network in the US, in May 2024. The Center aims to improve public health emergency response strategies to ensure healthcare systems are prepared for large-scale crises like pandemics or natural catastrophes. It strives to beef up the capabilities of the Mount Sinai Health System and work in close cooperation with local, regional, and federal partners to develop thorough readiness plans.
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How Are the Key Segments of the COVID-19 Saliva Screening Test Potential Market Impacting Its Expansion and Revenue Streams?
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
Subsegments:
1) By Travel Stations: Airports, Train Stations, Bus Stations, Seaports
2) By Sports Arenas: Stadiums, Arenas, Event Halls
3) By Entertainment Venues: Theaters, Concert Halls, Amusement Parks, Nightclubs
4) By Corporate Campus Environments: Offices, Corporate Campuses, Business Parks
5) By Universities And Colleges: Higher Education Campuses, Research Institutions, Student Housing Areas
6) By Factories: Manufacturing Plants, Production Facilities, Industrial Sites
7) By Other Locations: Healthcare Facilities, Government Buildings, Public Transportation Hubs, Shopping Centers, Other Public Or Private Venues
What Regions Are Leading the Growth Trajectory of the COVID-19 Saliva Screening Test Potential Market?
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.
What Are the Key Characteristics That Define the COVID-19 Saliva Screening Test Potential Market?
The COVID-19 saliva screening test potential refers to the potential advantages and capabilities that saliva-based tests for detecting SARS-CoV-2, the virus that causes COVID-19, could offer compared to traditional methods such as nasopharyngeal or oropharyngeal swab tests. Their potential lies in improving testing accessibility, patient acceptance, cost-effectiveness, and safety while enabling new testing strategies and approaches to manage the COVID-19 pandemic better.
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