Serological Testing Market Growth Trends, In-depth Analysis, Business Strategies, and Growth Rate

Serological tests are blood tests conducted to detect and measure the concentration of antibodies against particular bacteria, virus, and any other foreign particle. Serological tests are widely used for the diagnosis of different types of bacterial, fungal, as well as viral infections. These tests have wide applications in diagnostic laboratories for the detection of infectious diseases, blood group typing, and diagnosis of autoimmune disorders. Different types of serological tests and techniques such as immunoassay tests, agglutination tests, and precipitation tests are available for the diagnosis of various disease conditions.

The global serological testing market is projected to be driven by high prevalence and rise in incidence rates of acute as well as infectious diseases such as hepatitis, tuberculosis, and HIV/AIDS across the world. According to statistical data published by hiv.gov, around 36.7 million people were living with HIV/AIDS across the globe in 2016. Moreover, the prevalence of hepatitis C infection was estimated to be around 71 million globally in 2017. New product development and approvals for serological tests for a variety of bacterial and viral infections are likely to drive the global serological testing market during the forecast period. However, high cost of serological tests and stringent government regulations are expected to hamper the growth of the global market during the forecast period.

Request Brochure for Report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48468

Global Serological Testing Witness Most Promising Rise in Demand

The global serological testing market can be segmented based on type of serological test, application, end-user, and region. In terms of type of serological test, the global serological testing market can be classified into primary serological tests, secondary serological tests, and tertiary binding tests. The primary serological tests segment can be categorized based on marker techniques into enzyme linked immunosorbent assay (ELISA), immunoflurescent antibody technique (IFAT), and radio immunoassay (RIA). The secondary serological tests segment can be divided into agglutination tests, complement fixation tests (CFT), precipitation tests, serum neutralization tests (SNT), and toxin-antitoxin tests. The primary serological tests segment is projected to dominate the global serological testing market during the forecast period. In terms of application, the global serological testing market can be segmented into rotavirus infections, hepatitis, HIV, endotoxins, therapeutic drug monitoring, and other infectious diseases. The hepatitis segment is anticipated to expand at the highest CAGR during the forecast period. Based on end-user, the global serological testing market can be classified into hospitals, diagnostic laboratories, blood banks, academic & research institutes, and others.

Geographically, the global serological testing market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is projected to account for the largest share of the global serological testing market owing to high prevalence of infectious diseases, well-established health care infrastructure, rise in number of geriatric population, and increase in awareness about various infectious and acute diseases in the region. North America is anticipated to account for the second largest share of the global serological testing market by 2026. Increase in the geriatric population, high prevalence and rise in incidence rates of HIV/AIDS, hepatitis, and other retroviral infections in the region contribute to the high share of the region. The serological testing market in Asia Pacific is expected to expand at the highest CAGR during the forecast period owing to large population with infectious diseases in countries such as India and China, increase in awareness, and surge in per capita health care expenditure in the region.

Request for Analysis of COVID19 Impact on Serological Testing Report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=48468

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touch points. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

Key Players of Serological Testing Report:

This report profiles major players in the global Serological Testing market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global Serological Testing market is highly fragmented, with the presence of a number of international as well as regional players

The global serological testing market is highly fragmented, with large number of manufacturers holding prominent share in respective regions. Key players operating in the global serological testing market include Serological Research Institute (SERI), Chembio Diagnostic Systems, Inc., Advanced Diagnostics, Inc., Randox Laboratories Ltd., Eurofins Scientific, Becton, Dickinson and Company, Quest Diagnostics, ELITechGroup, Immucor, Thermo Fisher Scientific, Inc., Beckman Coulter, Inc. (subsidiary of Danaher Corporation), Creative Diagnostics, and Grifols.

Buy Serological Testing Report –

https://www.transparencymarketresearch.com/checkout.php?rep_id=48468<ype=S

Contact

Transparency Market Research,

90 State Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.