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Virology Testing Global Market Worth $7.18 Billion at a CAGR of 9.2% By 2027 | Key Players: Abbott Laboratories, GlaxoSmithKline plc, Hologic Inc., Sartorius AG, bioMerieux SA
Virology Testing Market
The Business Research Company's Virology Testing Global Market Report 2023 identifies rising incidence of viral infections is expected to propel the growth of the virology testing market going forward. Viral infections are infectious diseases caused by viruses, microscopic infectious agents composed of genetic material (DNA or RNA) surrounded by a protein coat.
The global virology testing market is expected to grow from $4.61 billion in 2022 to $5.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virology testing market is expected to reach $7.18 billion in 2027 at a CAGR of 9.2%.
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Major players in the virology testing market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Siemens Healthineers AG, Eurofins Scientific SE, Agilent Technologies Inc., Grifols S.A., WuXi AppTec Co. Ltd., Hologic Inc., Sartorius AG, bioMerieux SA, Bio-Rad Laboratories Inc., Qiagen NV, Cepheid Inc, Eiken Chemical Co Ltd., DiaSorin SpA, Fujirebio Diagnostics Inc., Microbac Laboratories Inc., Trinity Biotech plc, Diamedix Corporation, Biospherix Ltd, Imquest Biosciences Inc, Novogene Co Ltd., Scienion AG, Vircell SL, and Sequenom Inc.
Product innovation is a key trend gaining popularity in the virology testing market. Major companies operating in the virology testing market are innovating new products to sustain their position in the market.
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The Virology Testing Market Is Segmented -
• By Type: Instruments, Assay Kits And Consumables
• By Diagnostic Technique: Molecular Diagnostics Method, Immunoassay Based Method, Mass Spectroscopy Based Method, Other Techniques
• By Application: Skin And Soft Tissue Infections, Respiratory Tract Infections, Gastrointestinal Tract Infections, Urinary Tract Infection, Eye Infections, Sexually Transmitted Diseases, Perinatal Infections
• By End User: Hospitals, Clinics, Laboratories, Diagnostic Centers, Blood Banks, Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Virology Testing market.
The Business Research Company's "Global Virology Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Virology Testing Market Include:
1. Executive Summary
2. Virology Testing Market Characteristics
3. Virology Testing Market Trends And Strategies
4. Virology Testing Market - Macro Economic Scenario
5. Virology Testing Market Size And Growth
.....
26. Africa Virology Testing Market
27. Virology Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virology Testing Market
29. Virology Testing Market Future Outlook and Potential Analysis
30. Appendix
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