Overview and Scope
Viral diagnostic test kits are medical devices or tools used to detect the presence of viral infections in clinical samples taken from patients. These kits typically contain reagents, antibodies, or other substances interacting with specific viral antigens or genetic material to produce a measurable signal. The tests can identify the presence of viral particles, antigens, or genetic material (like RNA or DNA) in samples such as blood, saliva, nasal swabs, or other bodily fluids.
Sizing and Forecast
The viral diagnostic test kits market size has grown strongly in recent years. It will grow from $15.07 billion in 2023 to $16.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing healthcare expenditure, increasing global travel, a rise in chronic viral infections, a rise in demand for home testing kits, and growth in personalized medicine.
The viral diagnostic test kits market size is expected to see strong growth in the next few years. It will grow to $22.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing ebola virus infections, increasing hemorrhagic fever, rising prevalence of viral infections, increasing prevalence of respiratory syncytial virus, and increasing prevalence of hepatitis. Major trends in the forecast period include technological advancements, point-of-care testing, AI and data analytics, integration with digital health records, and next-generation sequencing.
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Segmentation & Regional Insights
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
North America was the largest region in the viral diagnostic test kits market in 2023. 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.
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Major Driver Impacting Market Growth
The rising prevalence of viral infections is expected to propel the growth of the viral diagnostic test kits market going forward. Viral infections are caused by microscopic viruses that invade host cells, replicate within them, and can lead to a broad spectrum of symptoms ranging from mild to severe across different body parts. The incidence of viral infections is increasing due to global travel, urbanization, climate change influencing vector-borne diseases, and evolving viral strains that can cause new outbreaks or expand into new geographical regions. Viral diagnostic test kits are instrumental in identifying and confirming the presence of specific viral infections in patients by detecting viral nucleic acids (RNA or DNA), antigens, or antibodies in biological samples such as blood, saliva, or nasal swabs. For instance, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, in 2022, there were 2,126 new cases of acute hepatitis B reported, alongside 16,729 newly reported cases of chronic hepatitis B. Further, in the period, 14 jurisdictions in the US reported rates of acute hepatitis B higher than the national average in the United States. Therefore, the rising prevalence of viral infections is driving the growth of the viral diagnostic test kits market.
Key Industry Players
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.
The viral diagnostic test kits market report table of contents includes:
1. Executive Summary
2. Viral Diagnostic Test Kits Market Characteristics
3. Viral Diagnostic Test Kits Market Trends And Strategies
4. Viral Diagnostic Test Kits Market – Macro Economic Scenario
5. Global Viral Diagnostic Test Kits Market Size and Growth
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32. Global Viral Diagnostic Test Kits Market Competitive Benchmarking
33. Global Viral Diagnostic Test Kits Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Viral Diagnostic Test Kits Market
35. Viral Diagnostic Test Kits Market Future Outlook and Potential Analysis
36. Appendix
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