Why Falling Demand for COVID-19 Testing May Be a Mixed Blessing
We all understood that the massive spike in COVID-19 testing was unsustainable and bound to gradually peter out. But now it appears that the decline is coming steeper and faster than anybody expected. From a public health standpoint, that sounds like great news; however, it may actually not be an entirely positive development. The COVID-19 Testing Roller Coaster Last year at this time, labs were just beginning to feel the pressure of what would become unprecedented demand for COVID-19 testing and test products. And after a brief lull in the spring, testing just kept climbing and climbing all through 2020. The recent spate of record breaking fourth quarter earnings reported by Thermo Fisher, Perkin Elmer, LabCorp, Quest, Hologic and other COVID-19 testing firms is testimony to just how fast a service that didn’t even exist when the year began had ballooned so much by the time the year ended. But in 2021, things seem to be headed in the opposite direction. From January through the end of February, the number of COVID-19 cases in the U.S. declined 70 percent. Even better was that COVID-19 hospitalizations and deaths were also sharply down. Of course, these trends were accompanied by a significant […]
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