Zika Virus Testing Market Growth To Reach USD 328.3 Million By 2028 Says Reports And Data

Reports and Data has recently published a market research report on Global Zika Virus Testing Market which is an extensive study of the industry and analyzes key factors affecting market growth such as government policies and regulatory framework, emerging technologies, current and future trends, market risks and challenges, opportunities, and growth prospects. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation. The report applies advanced tools such as SWOT analysis and Porter’s Five Forces analysis for an accurate estimation of the market. The statistical data is explained by the means of graphs, charts, diagrams, figures, and tables to impart clear understanding of the market.

The global Zika virus testing market size is expected to reach USD 328.3 million in 2028 and register a CAGR of 7.9% according to the latest report by Reports and Data. Rising prevalence of Zika virus and growing adoption of technologically advanced tests across several countries are key factors driving global market revenue growth.

However, factors, such as slow implementation of advanced technologies in developing countries and high cost of branded test kits, are expected to impede growth of the Zika Virus market to a certain extent. In addition, IgM test seems to cause several side effects such as multiple punctures for locating patient’s vein, fainting, or hematoma which is another crucial factor projected to hamper global market growth.

Abbott Laboratories, Altona Diagnostics GmbH, Chembio Diagnostic Systems Inc., ELITechGroup, F. Hoffmann-La Roche Ltd, Genekam, Luminex Corporation, Novacyt Group, Quest Diagnostics, and Siemens AG are some key players operating in the global Zika virus testing market.

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Get to know the business better:

The global Zika Virus Testing market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.

For this study, Reports and Data has segmented the global Zika virus testing market based on Diagnostic Test Type, End-Use, and Region:

Test Type Outlook (Revenue, USD Million, 2018-2028)

Molecular Testing
Nucleic Acid Amplification Testing (NAAT)
Polymerase Chain Reaction (PCR)
Serological Testing
Enzyme-Linked Immune Sorbent Assay (ELISA)
Plaque Reduction and Neutralization Test (PRNT)

End-Use Outlook (Revenue, USD Million, 2018-2028)

Diagnostic Laboratory
Hospital and Clinics
Research Institutes

Regional Outlook (Revenue, USD Billion, 2018 - 2028)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Rest Of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

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Some key highlights in the report:

Based on type, the serological testing segment accounted for largest share in 2020 and is expected to account for significant revenue share over the forecast period. These tests are extremely precise and can detect acute and late-stage Zika virus.

Among the end-use segments, the research institutes segment is projected to account for significant revenue growth between 2021 and 2028. Research institutes, such as NIAID and NIH, are collaborating with various organizations and pharmaceutical & biotechnology companies to have a clear understanding of the virus and to develop advanced testing kits. Moreover, increasing funds for research and development activities are further fueling segment growth.
Asia Pacific market is projected to account for fastest revenue growth during the forecast period. Increasing awareness about Zika virus and benefits of early detection, growing research on infection, initiatives from governments for improving the healthcare system, and increasing investments in R&D activities are a few factors boosting global revenue growth.

The market in Latin America is expected to account for a considerably high revenue growth throughout the forecast period owing to factors such as rising prevalence of Zika virus infection, growing government initiatives to create awareness about the disease, and increasing research on developing advanced tests.

What questions does the Zika Virus Testing market report answer pertaining to the regional reach of the industry?

The report claims to split the regional scope of the Zika Virus Testing market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration?

How do the sales figures look at present how does the sales scenario look for the future?

Considering the present scenario, how much revenue will each region attain by the end of the forecast period?

How much is the market share that each of these regions has accumulated presently?

How much is the growth rate that each topography will depict over the predicted timeline?

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