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Surging Viral Infections Drive Growth In The Virology Testing Market To Enhance Need For Accurate Diagnosis: An Emerging Driver Transforming The Virology Testing Market Landscape
Virology Testing
What Is the Expected Virology Testing Market Size During the Forecast Period?
The increase in market size for virology testing has been robust in the past few years. The market is projected to expand from $5.39 billion in 2024 to $5.86 billion in 2025, showing a compound annual growth rate (CAGR) of 8.6%. The remarkable growth recorded in the previous period was due to factors like the rise of new and elaborate viruses, surge in outbreaks of infectious diseases, enhancement of healthcare infrastructure, heightened recognition of the need for early detection of viruses, and the growth of point-of-care virology testing alternatives.
The market of virology testing is predicted to witness swift expansion in the forthcoming years. It is projected to reach a value of $8.82 billion by 2029, escalating at a compound annual growth rate (CAGR) of 10.8%. The surge predicted within this forecast period is due to the incorporation of next-generation sequencing in virology, effects of climate change on the distribution of vector-borne viruses, the emergence of mobile and home-use virology testing solutions, the application of digital pathology in diagnosing virology, and the escalating utilization of big data analytics in virology surveillance. Significant trends anticipated within the forecast period comprise enhancements in molecular diagnostics technology, the use of artificial intelligence in virology tests, the invention of innovative virus detection biomarkers, the creation of novel antiviral therapies and treatments, along with a focus on sustainable and environment-friendly testing methods.
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What Are the High-Growth Segments in 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
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What Key Drivers Are Expected to Influence Future Virology Testing Market Growth?
The growth of the virology testing market is projected to accelerate due to the increasing occurrences of viral infections. Viral infections are diseases caused by viruses - microscopic infectious substances made up of genetic content (either DNA or RNA) encapsulated by a protein coat. Accurate diagnosis, surveillance, research, and preparedness for public health require virology testing. This testing technique not only identifies viral pathogens but also strategizes treatments, traces the path of infection, and fosters the creation of new interventions. The mounting demand for virology testing is linked to the necessity of controlling viral infections and minimising their effects efficiently. For example, GOV.UK, a UK government information and services provider, stated in September 2024 that from the 40th week of 2023 to the 14th week of 2024 in England, among the virology test results available, 708 incidents were confirmed as SARS-CoV-2 (53.3%), accompanied by 472 influenza incidents (35.5%), 68 RSV incidents (5.1%), and 80 incidents (6.0%) of other viruses. Thus, the growth of the virology testing market is fueled by the escalating rate of viral infections.
Which Companies Hold the Largest Share Across Different Virology Testing Market Segments?
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
What Trends Are Driving Growth in The Virology Testing Market?
The virology testing market is seeing an uptick in product innovation, a trend that's becoming increasingly popular. To maintain their market standing, major corporations are creating innovative new products. For instance, Sentinel CH. SpA, a medical equipment manufacturer based in Italy, introduced the SENTiNAT 200 in November 2022. This all-in-one automated system, along with the STAT-NAT SN200 Real-Time PCR assays, can detect ten different viruses quantitatively. The SENTiNAT 200 system synergizes DNA and RNA extraction, PCR setup, and amplification, and includes two thermal cyclers and the FastFinder analysis software. It provides high throughput, automated procedures, and adaptability for medium to large-sized laboratories that diagnose viral infections. The system's barcode reader and user-friendly software minimize human errors, while the availability of data via the cloud ensures improved reporting times and controlled results delivery.
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What Are the Emerging Geographies for The Virology Testing Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Virology Testing Market?
2. What is the CAGR expected in the Virology Testing Market?
3. What Are the Key Innovations Transforming the Virology Testing Industry?
4. Which Region Is Leading the Virology Testing Market?
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