Virology Testing Market Poised for 11 % Growth, Set to Hit $8.82 Billion by 2029

What industry-specific factors are fueling the growth of the virology testing market?
The anticipated growth of the virology testing market can be linked to an upsurge in viral infections. Viral infections, caused by minuscule infectious agents called viruses that are made up of genetic material encapsulated by a protein coat, propagate infectious diseases. The numerous applications of virology testing such as identification of viral pathogens, guiding treatment practices, tracking infection spread, and aiding the creation of new interventions and public health preparedness underline its importance. With the increased imperative to control and reduce the effects of viral infections, the demand for virology testing is also growing. An illustration of this is provided by a UK-based information and government services provider, GOV.UK. Based on virological testing results available for England, a total of 708 cases, or 53.3% of all incidents reported between week 40 of 2023 and week 14 of 2024, were confirmed as SARS-CoV-2. This was followed by 472 incidents of influenza accounting for 35.5%, 68 incidents of RSV making up 5.1%, and 80 incidents amounting to 6.0% of other virus incidences. Consequently, the virology testing market is expected to grow due to the increased occurrence of viral infections.

Get Your Virology Testing Market Report Here:
https://www.thebusinessresearchcompany.com/report/virology-testing-global-market-report

What Is the projected market size and growth rate for the virology testing market?
The market for virology testing has seen substantial growth in recent times. It is projected to experience an expansion from $5.39 billion in 2024 to $5.86 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth during the historic period include the arrival of new and intricate viruses, an upsurge in outbreaks of infectious diseases, the enlargement of healthcare infrastructure, increased awareness about the significance of early virus detection, and the growth of point-of-care virology testing alternatives.

Expectations are high for the virology testing market and growth is projected at an impressive rate in the coming years. By 2029, the market is predicted to expand to $8.82 billion, showcasing a compound annual growth rate (CAGR) of 10.8%. Various factors contribute to this anticipated growth, such as the implementation of next-generation sequencing in virology, the influence of climate change on the propagation of vector-borne viruses, the rise of mobile and at-home virology testing solutions, adoption of digital pathology in virology diagnostics, and the increased application of big data analytics for virology surveillance. Key trends set to impact the forecast period include significant technological advancements in molecular diagnostics, the incorporation of artificial intelligence in virology testing, the creation of innovative biomarkers for virus identification, the development of new antiviral therapies and treatments, and a focus on sustainable and environmentally-friendly testing methods.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12531&type=smp

What new trends are reshaping the virology testing market and its opportunities?
Leading the trends in the virology testing market is product innovation. To maintain competitiveness in the market, major players are creating novel products. For example, Sentinel CH. SpA, an Italian medical equipment manufacturer, introduced the SENTiNAT 200 in November 2022. This is a fully automatic system that provides results from samples, complemented by the STAT-NAT SN200 Real-Time PCR assays for the quantitative detection of ten viruses. The SENTiNAT 200 system amalgamates DNA and RNA extraction, PCR setup, and amplification, and includes two thermal cyclers and the FastFinder analysis software. The system is designed to cater to the high throughput, automation, and adaptability needs of mid to large-sized labs dealing with viral infection diagnosis. The system's user-friendly software and barcode reader minimize errors, and the option for cloud-based data access enhances reporting time and control over results.

What major market segments define the scope and growth of the virology testing market?
The virology testing market covered in this report is segmented -

1) By Type: Instruments, Assay Kits And Consumables
2) By Diagnostic Technique: Molecular Diagnostics Method, Immunoassay Based Method, Mass Spectroscopy Based Method, Other Techniques
3) By Application: Skin And Soft Tissue Infections, Respiratory Tract Infections, Gastrointestinal Tract Infections, Urinary Tract Infection, Eye Infections, Sexually Transmitted Diseases, Perinatal Infections
4) By End User: Hospitals, Clinics, Laboratories, Diagnostic Centers, Blood Banks, Pharmacies

Subsegments:
1) By Instruments: PCR Machines, Sequencers, Microplate Readers, Immunoassay Analyzers
2) By Assay Kits And Consumables: PCR Assay Kits, ELISA Kits, Rapid Test Kits, Viral Culture Kits, Sample Collection Kits, Pipette Tips, Culture Media

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12531

Which region dominates the virology testing market?
North America was the largest region in the virology testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virology testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the virology testing industry growth?
Major companies operating in the virology testing market include Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, 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

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12531&type=smp

What Is Covered In The Virology Testing Global Market Report?

• Market Size Forecast: Examine the virology testing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the virology testing market for a structured understanding.
• Key Players Overview: Analyze major players in the virology testing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the virology testing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the virology testing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the virology testing market.
• Industry Challenges: Identify potential risks and obstacles affecting the virology testing market.
• Competitive Landscape: Review strategic developments in the virology testing market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.