Press release
Respiratory Syncytial Virus Diagnostic Market is projected to reach US$ 2.5 Billion by 2030 : Cognitive Market Research
Respiratory Syncytial Virus Diagnostic Market is projected to reach US$ 2.5 Billion by 2030 : Cognitive Market Research
- Respiratory Syncytial Virus is an infection that affects the respiratory tract. Respiratory Syncytial Virus Diagnostic Testing checks a fluid sample from the patient's nose to see if the RSV virus is causing symptoms of a respiratory infection. It is contagious, it spreads easily from person to person. Generally, children get RSV by the age of two. RSV usually causes mild symptoms that are like a cold. However, if it is not get treated, the virus may lead to serious breathing problems, especially in specific age group of people.
Summary:
- As per Cognitive Market Research, the global respiratory syncytial virus diagnostic market is projected to expand at a CAGR of 10.4% from 2023 to 2030 to reach US$ 2.5 Billion by 2030. Further, the increasing prevalence of RSV infections and increasing adoption of molecular diagnostics are the major factors, which are fuelling the growth of the respiratory syncytial virus diagnostic market.
"To know more The Respiratory Syncytial Virus Diagnostic Market statistics click here: https://www.cognitivemarketresearch.com/respiratory-syncytial-virus-diagnostics-market-report
Market Dynamics:
- The increasing prevalence of RSV infections and increasing adoption of molecular diagnostics are the major factors, which are fuelling the growth of the respiratory syncytial virus diagnostic market. According to the National Institute of Allergy and Infectious Diseases, RSV infection is estimated to cause about 14,000 annual deaths in U.S. adults over age 65, and globally, it affects an estimated 64 million people and causes 160,000 deaths each year. Further, technological advancements in diagnostic methods and an increase in R&D activities have enabled companies in the industry to develop and launch kits and assays with significant diagnostic accuracy, which can create lucrative opportunities for the market in the forecast period. However, the low detection limits of immunoassays can hamper the growth of the market.
Market Segmentation:
Test Type
• Rapid Antigen Diagnostic Test
• Molecular Diagnostic Test
• Others
Based on test types, the market is segmented into Rapid Antigen Diagnostic Tests, Molecular Diagnostic Tests, and others. Rapid Antigen Diagnostic Tests are further classified into enzyme-linked immunosorbent assays, immunofluorescence assays, and others. Among these, Molecular Diagnostic Test is the dominating type of test method, due to its higher sensitivity and specificity.
Products
• Kits and Assays
• Instruments/Devices
• Others
End-user
• Hospitals
• Nursing homes
• Commercial Laboratories
• Public Health Laboratories
Hospitals are the major end users of the Respiratory Syncytial Virus (RSV) Diagnostic market. This is due to the increasing prevalence of Respiratory Syncytial Virus (RSV) infections.
Major Companies :
• F. Hoffmann La Roche
• Abbott
• Thermo Fisher Scientific
• QuidelOrtho
• Hologic Inc.
• Luminex Corporation
• Agilent
• DiaSorin
• Becton Dickinson (BD).
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Regional Analysis:
- North America is estimated as the largest market for respiratory syncytial virus diagnostic market, owing to the increasing prevalence of respiratory syncytial virus infections, growing research and development activities, and supportive government initiatives. According to the U.S. Department of Health & Human Services, every year approximately 2.1 million outpatient visits for RSV are of children younger than 5 years old. On the other hand, the market of respiratory syncytial virus diagnostic is estimated to grow at the highest CAGR in the Asia Pacific region during the forecast period. This is due to the, increasing healthcare expenditure, and development in healthcare infrastructure, and increasing population in developing economies like India, and China.
News
- BD Launched Combination Test for COVID-19, Influenza A/B and Respiratory Syncytial Virus (June 2022)
BD, a medical technology company, announced that the BD MAX Respiratory Viral Panel (RVP), a new molecular diagnostic combination test for SARS-CoV-2, Influenza A + B, and Respiratory Syncytial Virus (RSV), has been CE marked to the IVD directive 98/79/EC.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Respiratory Syncytial Virus Diagnostics Market
Chapter 4 Global Respiratory Syncytial Virus Diagnostics Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Respiratory Syncytial Virus Diagnostics Market by Test Type Segmentation Analysis (2018-2030)
Chapter 9 Global Respiratory Syncytial Virus Diagnostics Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Respiratory Syncytial Virus Diagnostics Market by End-User Segmentation Analysis (2018-2030)
Chapter 11 Global Respiratory Syncytial Virus Diagnostics Market Regional Analysis
• 11.1 Detailed Qualitative Analysis
• 11.2 Global Respiratory Syncytial Virus Diagnostics Market Revenue by Region (2018-2030)
• 11.2 Global Respiratory Syncytial Virus Diagnostics Market Share (%) by Region (2018-2030)
Chapter 12 North America Respiratory Syncytial Virus Diagnostics Market Outlook (2018 - 2030)
Chapter 13 Europe Respiratory Syncytial Virus Diagnostics Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Respiratory Syncytial Virus Diagnostics Market Outlook (2018 - 2030)
Chapter 15 Latin America Respiratory Syncytial Virus Diagnostics Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Respiratory Syncytial Virus Diagnostics Market Outlook (2018 - 2030)
Chapter 17 Research Findings
• 17.1 Key Takeaways
• 17.2 Analyst Point of View
To know more Respiratory Syncytial Virus Diagnostic Market TOC click here: https://www.cognitivemarketresearch.com/respiratory-syncytial-virus-diagnostics-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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