The Virology Testing Global Market Report 2023, provides comprehensive information on the virology testing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Virology Testing Global Market Report 2023, the global virology testing market is expected to grow from $4.61 billion in 2022 to $5.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virology testing market is expected to reach $7.18 billion in 2027 at a CAGR of 9.2%.
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Product innovation is a key trend gaining popularity in the virology testing market. Major companies operating in the virology testing market are innovating new products to sustain their position in the market. For instance, in November 2022, Sentinel CH. SpA, an Italy-based medical equipment manufacturing company, launched the SENTiNAT 200, a fully automated sample-to-result system, along with the STAT-NAT SN200 Real-Time PCR assays for quantitatively detecting ten viruses. The SENTiNAT 200 platform combines DNA and RNA extraction, PCR setup, and amplification and integrates two thermal cyclers and the FastFinder analysis software. It offers high throughput, automation, and flexibility for mid to large-throughput laboratories involved in viral infection diagnosis. The intuitive software and barcode reader reduce human error, while cloud-based data access allows for optimized reporting time and result control.
The virology testing market 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
North Americawas the largest region in the virology testing market in 2022.
The table of contents in TBRC’s virology testing market report includes:
1. Executive Summary
2. Virology Testing Market Characteristics
3. Virology Testing Market Trends And Strategies
4. Virology Testing Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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31. Virology Testing Market Other Major And Innovative Companies
32. Global Virology Testing Market Competitive Benchmarking
33. Global Virology Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Virology Testing Market
35. Virology Testing Market Future Outlook and Potential Analysis
36. Appendix
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