Press release
Monkey Pox Testing Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Monkey Pox Testing Market
The new report published by The Business Research Company, titled Monkey Pox Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the monkey pox testing market size has grown steadily in recent years. It will grow from $1.40 billion in 2023 to $1.46 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The monkey pox testing market size is expected to see steady growth in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
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What Is Driving The Growth Of The Global Monkey Pox Testing Market?
Increasing Incidence Of Monkey Pox Disease Is Driving The Growth Of The Monkey Pox Testing Market.
The increasing incidence of monkey pox disease is expected to propel the growth of the monkey pox testing market going forward. Monkeypox is a rare viral disease caused by the monkeypox virus, a member of the orthodox virus genus related to the smallpox virus. The rise in monkeypox cases is due to increased human-to-human transmission, global travel, and reduced immunity from discontinued smallpox vaccination programs. Monkeypox testing helps by identifying infected individuals early, allowing for timely treatment and isolation to prevent further spread of the disease. It also aids in tracking outbreaks and understanding the virus's transmission patterns. For instance, in May 2022, according to the European Centre for Disease Prevention and Control (ECDC), a Sweden-based government agency, from January to April 2022, there were 1,152 suspected monkeypox cases, leading to 55 deaths and a case-fatality rate of 4.8%, spread across 54 health zones in 14 provinces. Further, in comparison to the same period in 2021, there is an increase of 138 suspected cases and 14 deaths, resulting in a higher case-fatality rate of 10.1%. Therefore, the increasing incidence of monkey pox disease is driving the growth of the monkey pox testing market.
What Is The Key Trend In The Global Monkey Pox Testing Market?
Advancements In Testing Enhance The Accuracy And Accessibility Of Market
Major companies operating in the monkey pox testing market are focusing on developing advanced diagnostic solutions, such as saliva-based monkey pox testing, to enhance accuracy, convenience, and accessibility. Saliva-based monkey pox testing is a diagnostic method that uses saliva samples to detect the presence of the monkeypox virus. For instance, in July 2022, Flow Health, a US-based medical laboratory, launched the saliva-based (polymerase chain reaction) PCR test for monkeypox, revolutionizing the testing process by offering a more convenient and non-invasive method for virus detection. This innovative test stands out with its high sensitivity and specificity, rapid genetic material amplification, and versatility for various applications. It allows for quantitative analysis of viral loads and direct pathogen detection, all while simplifying sample collection. One of its key advantages is the ability to test individuals before visible lesions appear, which is crucial for early detection and reducing virus transmission.
How Is The Global Monkey Pox Testing Market Segmented?
The monkey pox testing market covered in this report is segmented -
1) By Technology: Polymerase Chain Reaction (PCR), Lateral Flow Assay (LFA), Other Technologies
2) By Mode: Laboratory Testing, Point Of Care Testing
3) By End-Use: Hospitals And Clinics, Diagnostic Laboratories, Other End-Uses
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How Is The Competitive Landscape Of The Global Monkey Pox Testing Market?
Major companies operating in the monkey pox testing market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Becton Dickinson and Company, Mayo Clinic Laboratories, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Sonic Healthcare Limited, bioMérieux S.A., Bio-Rad Laboratories Inc., QIAGEN N.V., Cepheid Inc., Aegis Sciences Corporation, Chembio Diagnostics Inc., Flow Health Inc., SeraCare Life Sciences Inc., BioGX Inc., Applied DNA Sciences Inc., CerTest Biotec S.L., Altona Diagnostics GmbH, Creative Biogene Inc., ACON Biotech (Hangzhou) Co Ltd.
Contents Of The Global Monkey Pox Testing Market
1. Executive Summary
2. Monkey Pox Testing Market Report Structure
3. Monkey Pox Testing Market Trends And Strategies
4. Monkey Pox Testing Market - Macro Economic Scenario
5. Monkey Pox Testing Market Size And Growth
…..
27. Monkey Pox Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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