On Tuesday, Abbott Laboratories  Chief Executive Officer Robert Ford stated that demand for COVID-19 testing has increased globally and that sales of the tests should continue to increase in the near future.

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Ford remarked at the annual J.P. Morgan Health Care conference, "We've obviously you know, had a pretty, pretty strong the last couple of months of testing and we expect that to continue here in the more immediate future,"

He also stated that his firm has the capacity to meet demand.

While testing demand will eventually decline, Ford predicts that a portion of it will be sustained.