Over $1Bn Dollar Market?8 Apr 2020 19:52
The market opportunity for a cost effective high volume test is considered to be significant. We estimate the market demand for such a test to be in the hundreds of millions of tests, particularly if used for widespread community testing, implying a potential market worth in excess of $1bn, assuming a price point of c.$3-5 per test. This compares with typical CR test prices of perhaps $150 or more, which makes population screening prohibitively expensive.