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Rising Prevalence Of Viral Infections Propels Growth Of Viral Diagnostic Test Kits Market Driver: Leading Transformation in the Viral Diagnostic Test Kits Market in 2025
Viral Diagnostic Test Kits Market
The market size for viral diagnostic test kits has seen robust growth in the recent past. The market, valued at $16.26 billion in 2024, is projected to expand to $17.62 billion in 2025, with an impressive compound annual growth rate (CAGR) of 8.4%. The market's significant growth during the historical period is a result of factors such as increasing healthcare spending, more people traveling globally, a surge in long-term viral infections, greater demand for at-home testing kits, and progression in personalized medicine.
The market size for viral diagnostic test kits is forecasted to significantly increase in the coming years, expanding to $23.99 billion by 2029, with an 8.0% compound annual growth rate (CAGR). This projected growth can be linked to a rise in Ebola virus infections, hemorrhagic fever instances, incidence of viral infections, development of respiratory syncytial virus and an increase in hepatitis cases. Important trends to watch during this period include advancements in technology, the adoption of point-of-care testing, the application of AI and data analytics, incorporation with digital health records, and the implementation of next-generation sequencing.
What Is Driving the Growth Trajectory of the Viral Diagnostic Test Kits Market?
The increasing occurrence of viral infections is anticipated to drive the expansion of the viral diagnostic test kits market in the future. Viral infections, which are created by minuscule viruses that infiltrate host cells, multiply within them, and can trigger a variety of symptoms from mild to severe in various body parts, are becoming more frequent due to global travel, urbanization, climate change influencing vector-borne diseases, and developing viral strains that could instigate new outbreaks or spread into new areas. Viral diagnostic test kits play a crucial role in identifying and confirming specific viral infections in patients by detecting viral nucleic acids (RNA or DNA), antigens, or antibodies in biological substances like blood, saliva, or nasal swabs. The Centers for Disease Control and Prevention (CDC), a US-based national public health organization, reported that in 2022, there were 2,126 new cases of acute hepatitis B reported, alongside 16,729 newly reported cases of chronic hepatitis B. It also noted that in the same period, there were 14 jurisdictions in the US with rates of acute hepatitis B higher than the national average. Consequently, the increasing occurrence of viral infections is contributing to the expansion of the viral diagnostic test kits market.
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Which Leading Companies Are Shaping the Growth of the Viral Diagnostic Test Kits Market?
Major companies operating in the viral diagnostic test kits market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton Dickinson and Company, Quest Diagnostics Incorporated, Grifols S.A., Hologic Inc., PerkinElmer Inc., bioMérieux SA, Quidel Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc., QIAGEN N.V., Ortho Clinical Diagnostics, Myriad Genetics Inc., Seegene Inc., OraSure Technologies Inc., Meridian Bioscience Inc., DiaSorin S.p.A., Trinity Biotech plc, Biodesix Inc.
What Are the Major Trends Shaping the Viral Diagnostic Test Kits Market?
Leading businesses in the viral diagnostic test kits market are introducing advanced products like virus detection kits to maintain their market dominance. A virus detection kit is a diagnostic tool formulated to spot specific viruses in biological samples, giving quick and precise results which makes disease monitoring and management more effective. For example, in August 2024, BlueStain Global Ltd, based in the UK, unveiled their MPox virus detection kit. The BlueStain MPox virus detection kit is a swift diagnostic test made to identify the mpox virus with high efficiency and precision, providing results in approximately 15 to 30 minutes. This groundbreaking product aims to improve public health reactions by enabling early detection and control of mpox outbreaks, especially in resource-constrained environments.
What Are the Key Segments of the Viral Diagnostic Test Kits Market?
The viral diagnostic test kits market covered in this report is segmented -
1) By Test: Traditional Tests, Rapid Test
2) By Test Type: Direct Fluorescent Antibody (DFA) Test, Immunochromatographic Assay, Reverse Transcriptase Polymerase Chain Reaction (RT-PCR) Based Test, Agglutination Assay, Solid Phase Assay, Flow Through Assay, Other Test Types
3) By End-User: Research Laboratories, Clinics, Hospitals, Other End Users
Subsegments:
1) By Traditional Tests: Enzyme-Linked Immunosorbent Assay (ELISA), Polymerase Chain Reaction (PCR) Tests, Western Blot, Viral Culture Testing
2) By Rapid Test: Lateral Flow Assays (LFA), Immunochromatographic Strip Tests, Reverse Transcription Loop-Mediated Isothermal Amplification (RT-LAMP), Rapid Antigen Tests
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Which Region Dominates the Viral Diagnostic Test Kits Market?
North America was the largest region in the viral diagnostic test kits market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the viral diagnostic test kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Viral Diagnostic Test Kits Global Market Report?
- Market Size Analysis: Analyze the Viral Diagnostic Test Kits Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Viral Diagnostic Test Kits Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Viral Diagnostic Test Kits Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Viral Diagnostic Test Kits Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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