MedTech Dive November 16, 2022
At-home tests, once considered an anomaly, became de rigueur and a boon for diagnostic companies during the COVID-19 pandemic.
Now, as COVID-19 testing rates decline from their pandemic peak, these businesses see an opportunity in direct-to-consumer testing, a market that Quest Diagnostics says could total $2 billion by 2025.
“Never before has the general population been more aware of in vitro diagnostics and the relevance of our industry than in the last two years with COVID-19,” Jenna Urquhart, head of new franchise business development for Siemens Healthineers, said in an email. “Thanks to the prevalence of rapid antigen tests, people have learned that it is possible to collect a sample, run a test, and receive results in minutes, all...