Virology Testing Market - Regional Insights

On the basis of Geography, Virology Testing Market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to dominate the virology testing market over the forecast period. According to the Centers for Disease Control and Prevention (CDC), around 5,251 deaths were reported due to influenza infection in 2015.

According to the National Ambulatory Medical Care Survey: 2015 data findings, around 16.8 million people visit to physician for treatment of infectious and parasitic diseases in U.S. Moreover, according to a study from the Society for Risk Analysis, 2016, GDP loss of a viral pandemic outbreak in the U.S. was recorded between US$ 34.4 billion and US$ 45.3 billion in 2015.

Furthermore, robust healthcare infrastructure and highest healthcare spending in world makes the U.S. most lucrative market. However, Asia Pacific is expected to witness high CAGR due to outbreak of viral influenza and largest patient pool infected with HIV.

Virology testing consist of diagnostic methods that help in early detection of the disease such as hepatitis, influenza, HIV, sexually transmitted disease, RCV, and other viral associated disease. Virology testing examines for detection of viral antigens, nucleic acids, and antibodies in the given sample in order to confirm the presence of particular viral infection. There are more than 100 viral diseases identified.

In order to confirm viral infections, virology testing inculcates various methods. Culture medium based method in which virus is confirmed by colony formation over culture has been traditionally used since long time. Although this method is widely acceptable and easy to perform, it is often time consuming, as it takes few days to weeks to confirm presence of particular virus. It is a serious limitation especially in viral pandemics where loss of time could result in more widespread infection and delay in management of the viral infection.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/2037

New advanced molecular based virology testing methods has been evolved in recent past such as immunoassay, nucleic acid based amplification testing methods (PCR based methods), mass spectrometry based detection methods and next generation genome sequencing methods, which are accurate, quick, and provides result for diversified viral infections.

Virology Testing Market- Market Dynamics

Virology testing market is projected to witness significant growth during forecast period with rising prevalence of virus originated diseases such as flu, hepatitis, AIDS, and STDs, Ebola, Influenza based viral infections, severe acute respiratory syndrome from coronavirus, hemorrhagic fever etc. across world. Early and fast diagnosis of virus infection is very essential to start treatment course.

According to the World Health Organization (WHO), January 2018 factsheet, all types of influenza in combination causes annual epidemics about 3 to 5 million cases with severe stage of illness, which results in the 290 000 to 650 000 deaths worldwide annually. Although rapid diagnostic tests are majorly used, PCR based techniques are being adopted for detection of influenza.

According Report on Global Sexually Transmitted Infection Surveillance published in 2015 by WHO, in 2012, an estimated 357 million new infections, which is equivalent to roughly 1 million patients per day were reported for the four curable sexually transmitted disease such as chlamydia, gonorrhea, syphilis, and trichomoniasis.

Furthermore, advances in anti-viral therapy in terms of detection techniques, medication, and vaccines are expected to drive the virology testing market growth. Worldwide efforts are going on to find novel vaccines and novel medication for treating viral resistant diseases. For instance, Pritelivir is investigational drug for herpes simplex virus (HSV) by AiCuris has proven to be very effective as compared to the current standard antiviral treatments for genital herpes in Phase II trials. Extensive research has been conducted worldwide for treatment of high epidemic viral disease such as Ebola, Dengue, and Malaria.

Browse Research Report: https://www.coherentmarketinsights.com/ongoing-insight/virology-testing-market-2037

New technologies for detecting and curing viral disease could help in market expansion. For instance, the nanoscale viral trap molecule technology, which is under research at present can be applicable in diagnosing a viral disease. An innovative tunable device selectively traps viruses detecting them with 100 times better sensitivity than the current available techniques. Double-stranded RNA Activated Caspase Oligomerizer (DRACO) is another nanoparticle based drug in research to treat viral disease.

Virology Testing Market - Competitive Landscape

Some of the key players operating in the virology testing market include F. Hoffmann-La Roche AG., Bio-Rad Laboratories Inc. , Hologic Inc., Abbot Healthcare, Fujirebio Diagnostics Inc., Thermo Fisher Scientific Inc., Cepheid, bioMerieux SA, Qiagen, Diasorin, Scienion AG, Siemens AG Grifols, Eiken Chemical Co Ltd., Sequenom, and Diamedix Inc.

Key Development

In 2018, Bruker Corporation acquired Hain Lifescience GmbH, a molecular diagnostics company. This acquisiotn will expand the Bruker Corporation’s molecular diagnostic product portfolio.

In 2018, QIAGEN N.V. and NeuMoDx Molecular, Inc. entered into strategic partnership to commercialize two new fully integrated systems for automation of PCR (polymerase chain reaction) testing. These next-generation systems are specifically designed to help clinical molecular diagnostic laboratories process.

In 2017, Quidel Corporation entered into definitive agreement to acquire Triage MeterPro cardiovascular (CV) and toxicology assets and the B-type Naturietic Peptide (BNP) assay business from Alere Inc.

In 2015, Eurofins Scientific acquired Diatherix Laboratories, Inc. which offers clinical laboratories services on a multiplexing platform for the detection of infectious diseases.

Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/2037

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
mailto:[email protected]
U.S. Office:
Name: Mr. Shah
Coherent Market Insights 1001 4th Ave,
# 3200 Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737