The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Virology Testing Global Market Report 2023, the virology testing market is expected to show significant growth in the forecast period.

Key insights from the virology testing market forecast include:

1. Market Size

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 virology testing market is expected to reach $7.18 billion in 2027 at a CAGR of 9.2%.

2. Major Driver

The rising incidence of viral infections is expected to propel the growth of the virology testing market going forward. For instance, according to the Texas Department of State Health Services, a US-based state agency of Texas, the number of reported varicella cases in Texas increased from 354 in 2021 to 348 in 2020. Therefore, the rising incidence of viral infections is driving the growth of the virology testing market.

View More On The Virology Testing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/virology-testing-global-market-report

3. Key Trend

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.

4. Largest Region

North America was the largest region in the virology testing market in 2022.

5. Major Players

Major players in the virology testing market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Thermo Fisher Scientific Inc., Abbott Laboratories, GlaxoSmithKline plc, 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, and Sequenom Inc.

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Key Virology Testing Market Segments
The global 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

The Virology Testing Global Market Report 2023  provides an in-depth analysis on the virology testing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the virology testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Drugs Of Abuse (DOA) Testing Global Market Report 2023
Minimal Residual Disease Testing Global Market Report 2023
Pharmaceutical Packaging Testing Equipment Global Market Report 2023

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