Top Growth Trends in the COVID-19 Saliva Screening Test Potential Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the COVID-19 Saliva Screening Test Potential Market?
The augmented spending on healthcare is projected to stimulate the expansion of the COVID-19 saliva screening test potential market. This expenditure on healthcare encapsulates all disbursements made for goods and services that pertain to healthcare, including but not limited to, prescription medications, hospital incarcerations, consultations with doctors, medical apparatus, and public health endeavors. The surge in healthcare expenditure can be attributed to a variety of reasons such as the advent of minimally invasive procedures, advanced diagnostic instruments, increased investigative studies for novel pharmaceuticals, the use of healthcare facilities, and specialized medications. This escalated healthcare expenditure could furnish necessary means and reinforcement to utilize the complete potential of the COVID-19 saliva screening tests, thus facilitating more effective management of the pandemic and improved community health outcomes. To illustrate, the Office for National Statistics, a UK waterside statistics agency, stated that the healthcare expenditure in the UK touched roughly $354.88 billion (£283 billion) in 2022, exhibiting a nominal 0.7% rise compared to the expenditure in 2021. Consequently, this escalation in healthcare expenditure is propelling the growth of the COVID-19 saliva screening test potential market.
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#What is the Growth Potential of the COVID-19 Saliva Screening Test Potential Market, and How Will It Perform by 2034?
The potential market size for the COVID-19 saliva screening test has significantly expanded in the past few years. It is projected to increase from $3.9 billion in 2024 to $4.29 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.9%. Elements contributing to this growth during the historical period include the potential of home testing, an extraordinary demand for diagnostic testing, heightened public awareness, and investment in research and development.
Expectations are high for a strong surge in the growth of the potential market size of the COVID-19 saliva screening test in the forthcoming years. With projections stating its potential to expand to $6.17 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%, several factors are predicted to contribute to this upward trajectory during the forecast period. These include integration with screening initiatives, regulatory backing, increasing demand for rapid, on-the-spot COVID-19 tests, population increase, and the proliferation of e-commerce. The forecast period is also expected to see trends such as the rising uptake in non-healthcare environments, amalgamation with digital health platforms, the rise of future technologies, developments in technology, and strategic collaborations.
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What Are the Key Market Innovations in theCOVID-19 Saliva Screening Test Potential Market Over the Coming Years?
Major corporations active in the COVID-19 saliva-based screening test sector are concentrating on the creation of advanced technologies, including data-sharing systems, to improve real-time interaction and teamwork among healthcare establishments, labs, and public health departments. This ultimately has the potential to elevate the precision and efficacy of testing, monitoring, and responding during a pandemic. Digital systems like data-sharing platforms make it possible for data to be securely shared among several stakeholders such as health professionals, investigators, and institutions, enhancing collaboration, accessibility to information, and effectiveness across various sectors. For instance, in May 2024, the US-based healthcare network, Mount Sinai Health System, inaugurated the Center for Healthcare Readiness. The center aims to refine the methodologies for responding to public health emergencies, making sure healthcare infrastructures can efficiently manage large-scale emergencies including pandemics or natural disasters. The center seeks to augment the capabilities of the Mount Sinai Health System and work closely with local, regional, and national partners to devise detailed preparedness schemes.
Who Are the Top Companies Driving Innovation and Growth in theCOVID-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, 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.
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Which Key Market Segments Comprise the COVID-19 Saliva Screening Test Potential Market and Drive Its Revenue Growth?
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
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Which Regions Are Emerging as Leaders in 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.
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