Press release
Increasing Incidence Of Monkey Pox Disease Is Driving The Growth Of The Monkey Pox Testing Market. Emerges as a Core Driver of the Monkey Pox Testing Market in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Monkey Pox Testing Market Through 2025?
The overall valuation of the mpox testing sector has experienced consistent upward movement throughout the most recent years, projected to ascend from its 2024 level of $1.46 billion to $1.52 billion by 2025, reflecting a consistent expansion rate evidenced by a compound annual growth rate (CAGR) of 4.5%; this expansion observed during the past period is largely fueled by several key factors, including augmented financial support and programs initiated by governmental bodies, a surging requirement for prompt diagnostic solutions, enhancements in the ability to conduct tests, greater investment in scientific exploration and product development, alongside rising public consciousness regarding the disease.
What's the Projected Size of the Global Monkey Pox Testing Market by 2029?
Anticipating a consistent upward trajectory, the overall valuation of the monkey pox diagnostic market is projected to reach $1.81 billion by the year 2029, expanding at a steady Compound Annual Growth Rate (CAGR) of 4.4% across the ensuing period. This projected expansion is fundamentally underpinned by several key factors, most notably the escalation in global spending on healare services, the innovation surrounding point-of-care testing methodologies, the increasing proliferation of self-testing kits designed for home use, concentrated efforts to enhance both the ease of access to testing and its cost-effectiveness, alongside continuous enhancements within the established healare infrastructure. During this same forecast duration, several significant industry shifts are expected to become prominent, such as the interconnectedness of diagnostic procedures with broader surveillance networks, the incorporation of testing data with various digital health platforms, continuous evolution in testing technology, embedding these diagnostics within governmental public health frameworks, and pushing forward the boundaries of research in the diagnostic field.
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Top Growth Drivers in the Monkey Pox Testing Industry: What's Accelerating the Market?
Anticipated expansion in the monkeypox testing market is directly linked to the escalating frequency of the monkeypox illness. Monkeypox, a seldom-encountered viral affliction, stems from the monkeypox virus, which belongs to the orthodox virus family alongside the smallpox virus. This surge in monkeypox presentation across populations is attributable to heightened person-to-person transmission, greater international movement, and diminished population defense following the cessation of smallpox inoculation initiatives. Diagnostic testing for monkeypox proves valuable in swiftly recognizing those affected, thereby enabling prompt therapeutic intervention and quarantine procedures essential for halting the virus's onward transmission; furthermore, this testing methodology supports outbreak surveillance and a deeper comprehension of how the virus spreads. Illustratively, data secured by the European Centre for Disease Prevention and Control (ECDC), a governmental body stationed in Sweden, indicated that between January and April of 2022, a tally of 1,152 probable monkeypox infections manifested, tragically resulting in 55 fatalities and a resultant mortality rate of 4.8%, distributed across 14 regions within 54 designated health zones; moreover, when contrasted with the identical timeframe in 2021, this represented an augmentation of 138 suspected infections and 14 additional deaths, consequently elevating the case fatality ratio to 10.1%. Consequently, the escalating prevalence of the monkeypox ailment serves as a catalyst for the expansion observed in the monkeypox diagnostic market.
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What Trends Will Shape the Monkey Pox Testing Market Through 2029 and Beyond?
Leading firms within the monkey pox diagnostic sector are concentrating efforts on creating sophisticated testing methodologies, notably saliva-based monkey pox assays, aiming to boost the precision, ease of use, and widespread availability of detection. Utilizing saliva specimens, this particular diagnostic technique enables the identification of the monkeypox pathogen. For illustration, in July of 2022, Flow Health, an American medical testing facility, introduced its saliva-based polymerase chain reaction (PCR) test for monkeypox, significantly transforming the standard testing procedure by providing a less intrusive and more user-friendly means of uncovering the virus. This novel examination distinguishes itself through its exceptional ability to accurately pinpoint the virus along with its precision, the swift amplification of genetic material, and its adaptability across multiple uses; furthermore, it facilitates the measurement of viral quantities and the direct finding of the germ while simultaneously streamlining the process of obtaining a sample. A critical benefit inherent in this method is the capability to screen persons prior to the manifestation of external sores, an element vital for initiating intervention promptly and curtailing the spread of the contagion.
What Are the Main Segments in the Monkey Pox Testing Market?
The monkey pox testingmarket 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
Subsegments:
1) By Polymerase Chain Reaction (PCR): Real-Time PCR (qPCR); Reverse Transcription PCR (RT-PCR); Multiplex PCR
2) By Lateral Flow Assay (LFA): Immunochromatographic Lateral Flow Assays; Rapid Antigen Detection Kits
3) By Other Technologies: ELISA (Enzyme-Linked Immunosorbent Assay); CRISPR-based Testing; Serological Tests (Antibody Detection); Nucleic Acid Sequence-Based Amplification (NASBA)
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Which Top Companies are Driving Growth in the 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 inson and Company, Mayo Clinic Laboratories, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Sonic Healare 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.
Which Regions Will Dominate the Monkey Pox Testing Market Through 2029?
North America was the largest region in the monkey pox testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monkey pox testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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