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Americas COVID-19 Testing Market to Grow by 1.61X its Current Valuation, Surpassing US$ 7.2 Bn in 2031: Future Market Insights


As per Future Market Insights analysis, COVID-19 Testing Market to Gain Traction in the Americas amid increasing awareness among common people and support from government bodies. The report overs a holistic overview, covering factors enabling growth across key segments in terms of test type, sample type, and distribution channel.

DUBAI, UAE, Aug. 3, 2021 /PRNewswire/ -- The Americas COVID-19 testing market revenue is forecast to grow by 4.9% CAGR, surpassing a valuation of US$ 7.2 Bn by the end of 2031, finds ESOMAR-certified consulting firm Future Market Insights (FMI).

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Early diagnosis is essential to provide timely treatment that can aid improved patient care. Rapid test kits are developed to detect the presence of virus at an early stage, making it easier to diagnose COVID-19 infection. Low cost and availability of nasopharyngeal swab samples have made them very popular in low and middle income countries of Latin America.

The World Health Organization (WHO) reported that more than 34 million COVID-19 positive cases are diagnosed in U.S. as of July 2021. The spread of the infection can be controlled by early diagnosis and treatment. The easy to use features of SARS-CoV-2 antigen rapid test kits will increase the demand of these test kits over the assessment period.

Point-of-care testing is gaining traction owing to its quick testing and convenient at home services. These factors are expected to boost the demand for point of care testing during the forecast period.

However, the demand for the Americas COVID-19 testing kits is expected to decline by the end of 2021 due to the development and launch of vaccines and initiation of vaccination drives by the government. However with frequent mutations and emergence of new strains of virus, the testing is expected to continue over the coming years.

"Government rules, mandating COVID-19 testing before international travel and frequent testing for frontline workers and doctors will boost the demand in the Americas COVID-19 testing kits market over the forecast period," says the FMI analyst

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For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-13636

Key Takeaways

  • The U.S. market is expected to expand at 5.7% CAGR during the forecast period 2021-2031. The growth can be attributed to high healthcare expenditure, establishment of modern healthcare infrastructure, and presence of leading market players in the country.

  • Vigilant government policies to tackle the viral outbreak and easy access to modern technologies will create lucrative opportunities for market growth in Brazil.

  • Canada is expected to offer remarkable growth opportunities for COVID-19 testing market and is expected to grow at 4.8% CAGR till 2031. Presence of government funded healthcare system and favorable reimbursement policies in Canada will drive the market.

  • Nasopharyngeal swabs are gaining traction for their low cost, ease of application and minimal discomfort. The segment will hold around 87% market share by the end of 2021.

  • Online sales channel are forecast to grow at 6.8% CAGR over the assessment period due to high convenience through home delivery and thriving online sales.

  • Increasing burden on healthcare system due to rise in number of patients seeking treatment and life support system in hospitals will increase the demand for COVID-19 testing kits in hospital pharmacies in North America and Latin America.

  • Competitive Landscape

    Rising severity of COVID-19 due to frequent mutation of virus is prompting the market players to do research and develop new testing kits which will offer early and precise diagnosis of the COVID-19 and effective patient care, says Future Market Insights.

    Strategic merger and acquisition and new product launches are on the cards to cater to rising demand. Rapid spreading of the virus in the world will encourage market players to expand their production capacity to cater to the rising demand for testing.

    For instance,

  • In June 2021, Novacyt Group launched two PathFlow COVID-19 antigen lateral flow tests (LFTs) in order to explore new opportunities in point-of-care (POC) settings and strengthen its COVID-19 test kit portfolio.

  • Biomerieux SA recently launched VIDAS anti-SARS-CoV-2 serology tests which is CE mark certified and can detect the presence of antibodies for SARS-COV-2.

  • Some of the leading companies operating in the Americas COVID-19 testing market are:

    We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-13636

    More Insights on the Americas COVID-19 testing Market

    Future Market Insights, in its new offering, provides an unbiased analysis of the Americas COVID-19 testing market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Americas COVID-19 testing market with a detailed segmentation on the basis of

    Test Type:

  • SARS-CoV-2 IgM/IgG Antibody Rapid Test Kits

  • SARS-CoV-2 Antigen Rapid Test Kits

  • Multiplex Real-Time RT-PCR Assay Kits

  • Sample Type:

  • Blood

  • Nasopharyngeal Swabs

  • Distribution Channel:

  • Hospital Pharmacies

  • Diagnostic Laboratories

  • Retail Pharmacies

  • Drug Store

  • Online Sales Channels

  • Region:

  • North America

  • Latin America

  • Key Questions Covered in the Report

  • The report offers detailed insights into Americas COVID-19 testing market demand outlook for 2021-2031

  • The market study also highlights projected sales growth for Americas COVID-19 testing market between 2021 and 2031

  • Americas COVID-19 testing market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

  • Americas COVID-19 testing market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

  • Ask For Country-Specific Data https://www.futuremarketinsights.com/ask-country-specific/rep-gb-13636

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    About Future Market Insights (FMI)

    Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

    Contact:Abhishek BudholiyaFuture Market Insights,1602-6 Jumeirah Bay X2 Tower,Plot No: JLT-PH2-X2A,Jumeirah Lakes Towers, Dubai,United Arab EmiratesFor Sales Enquiries: sales@futuremarketinsights.comFor Media Enquiries: press@futuremarketinsights.comWebsite: Future Market InsightsLinkedIn | Twitter | YouTubeReport: https://www.futuremarketinsights.com/reports/americas-covid-19-testing-marketPress Release Source: https://www.futuremarketinsights.com/press-release/americas-covid-19-testing-market

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    SOURCE Future Market Insights


    Source: Americas COVID-19 Testing Market to Grow by 1.61X its Current Valuation, Surpassing US$ 7.2 Bn in 2031: Future Market Insights

    Delta variant 'highly worrisome' as spread grows across Americas - PAHO


    MEXICO CITY, Aug 4 (Reuters) - The Delta variant of the coronavirus is "highly worrisome" as the mutation has spread to nearly two dozen countries across the Americas, officials with the Pan American Health Organization (PAHO) told reporters on Wednesday.

    Meanwhile, health officials are keeping close tabs on another variant know as Lambda, but note uneven detection across the region has yet to cause a major impact.

    Delta's growing spread in the United States, as well as most of Latin America and the Caribbean, should cause governments to prioritize prevention efforts like masking and especially a faster pace of vaccinations, according to PAHO Director Carissa Etienne.

    "This is disturbing because cases seem to spread more easily with the Delta variant and we can't afford to let our guard down," she said.

    PAHO is the Americas office for the U.N.-affiliated World Health Organization.

    Etienne added that to date barely 18% of people in Latin America and the Caribbean have been fully vaccinated.

    She also pointed to faster spread of COVID-19 cases in North America, especially in southern and eastern parts of the United States, as well as in parts of central Mexico.

    The PAHO chief also highlighted growth in new infections in Guatemala, Brazil and Cuba.

    Even as other variants like Alfa and Gamma are still more common across the Americas, the Lambda variant has recently been detected in hard-hit South American countries, including Argentina and Peru, as well as Chile and Ecuador, according to PAHO COVID-19 Incident Manager Sylvain Aldighieri.

    "Lambda is a variant we're interested in and Delta is a variant that is highly worrisome," he said.

    "Right now, we don't have evidence that allows us to infer more aggressive or severe behavior from the Lambda variant, although it's possible it has a higher transmission capacity," he added.

    Reporting by David Alire Garcia and Diego Ore; Editing by Jonathan Oatis and Aurora Ellis

    Our Standards: The Thomson Reuters Trust Principles.


    Source: Delta variant 'highly worrisome' as spread grows across Americas - PAHO

    Art exhibition shines a light on the tangled cultural history of the Asian diaspora in the Americas


    Untitled by Tomie Ohtake, 1968, oil on canvas. © Art Museum of the Americas Collection/Tomie Ohtake/Art Museum of the Americas Collection Untitled by Tomie Ohtake, 1968, oil on canvas.

    Asia is on the walls and in the air at the Art Museum of the Americas, whose current exhibition includes origami animals, Zen symbols and even the sounds and movements of a Chinese lion dance. Yet none of the roughly 50 artworks was made on the far side of the Pacific. “No Ocean Between Us: Art of Asian Diasporas in Latin America and the Caribbean, 1945-Present” charts the evolution of artists of Japanese, Chinese, Indian and Indonesian heritage in 10 Caribbean and Latin American countries.

    The show was drawn from the museum’s permanent collection and organized in collaboration with the D.C.-based International Arts & Artists, a nonprofit dedicated to “cross-cultural understanding and exposure to the arts internationally.” The largest block of work is by people of Japanese ancestry, the result of migration to South America — mostly Peru and Brazil — that started in 1899. But the exhibition’s story actually begins almost a century earlier, in 1806, when laborers from southern China were first brought to Trinidad and Tobago. A few decades later, Cuba was the destination for additional workers from Hong Kong, Guangzhou and the Macao region. By the late 19th century, the end of the trans-Atlantic trade in enslaved Africans led to the 11,000-mile forced migration of indentured servants to Suriname from Java, places whose principal link was that both were then Dutch colonies.

    Not surprisingly, the show contains nothing made by people who did hard agricultural labor, often on sugar or coffee plantations, in outposts of the Dutch, Spanish, British and Portuguese empires. The artists included here were all born in the 20th century, and the art is mostly from the 1960s or later. Little of it shows scars of colonization or worker exploitation.

    Visitors are greeted first by Kazuo Wakabayashi’s “Blue and Black,” a large, thickly patterned abstract painting. The coolly handsome picture is not in a customary Japanese style, but its simplicity and texture suggest the country’s traditional ceramics.

    Wakabayashi was born in Japan, as were most of the artists in the show’s first gallery. So it’s hardly unexpected that Tomie Ohtake’s two paintings feature variations on the enso, the freehand circle that represents Buddhist enlightenment, or that Hiroyuki Okumura’s stacked pillar of tan Mexican marble suggests a Zen rock garden. Even Luis Nishikawa, whose first name reveals he wasn’t Japanese by birth, employs a restrained East Asian pictorial style for his black-and-white lithographs of rocky Mexican mountains.

    a painting on the wall: Untitled by Soeki Irodikromo, 1986, oil on canvas. © Art Museum of the Americas Collection/Soeki Irodikromo/Art Museum of the Americas Collection/Gift of... Untitled by Soeki Irodikromo, 1986, oil on canvas.

    Very different modes and outlooks characterize the brightly hued work in the room devoted to Suriname-born artists rooted in India and Indonesia. A picture by the Rotterdam-educated Soeki Irodikromo, though painted in oil on canvas, shows the influence of Javanese folk art. Nearby is a reconstruction of Dhiradj Ramsamoedj’s 2010 installation “Adjie Gilas” — meaning “grandmother’s cup” — which conjures past hardships and family history by covering a wall with dozens of aluminum cups, each printed with his grandmother’s face. The piece includes images of Hindu deities Krishna and Ganesha, as did his grandmother’s home.

    The more recent works are more conceptual and sometimes multimedia. Artist Carlos Runcie Tanaka, who is Peruvian, British and Japanese, combines hanging origami crabs with a video about the arrival of the first Japanese in Peru; two Chinese Panamanian brothers, Cisco Merel Choy and Rosendo Merel Choy, project a lion-dance video on a Chinese mask. The raucous drumming echoes through the gallery and, combined with other works that riff on Chinese products and pop culture, make this room the show’s noisiest, literally as well as figuratively.

    a close up of a chair © Provided by The Washington Post a close up of text on a white background © Provided by The Washington Post

    If some works emphasize distinct Chinese or Japanese qualities, others nearly overflow the melting pot. The prints and drawings of Wifredo Lam, one of the show’s best-known artists, reflect the complex identity of a man whose mother was Afro-Cuban and whose father was Cantonese, and who communed with cubists and surrealists while living in Europe between the world wars. Lam’s representational but highly stylized work is far from typical of “No Ocean Between Us,” but it is a fine example of the tangled cultural history the show introduces.

    No Ocean Between Us: Art of Asian Diasporas in Latin America and the Caribbean, 1945-Present

    Art Museum of the Americas, 201 18th St. NW. museum.oas.org.

    Dates: On indefinite view.

    Prices: Free.


    Source: Art exhibition shines a light on the tangled cultural history of the Asian diaspora in the Americas



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