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The monkeypox testing market size has grown steadily in recent years, with projections showing an increase from $1.40 billion in 2023 to $1.46 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.3%. The growth in the historical period is driven by increasing government funding and initiatives, rising demand for rapid tests, growing testing capacity, increased research and development efforts, and heightened public awareness campaigns. Looking forward, the monkeypox testing market size is expected to see steady growth, reaching $1.74 billion in 2028 at a CAGR of 4.5%. This growth in the forecast period can be attributed to rising healthcare expenditures, the development of point-of-care (POC) tests, the growth in at-home testing kits, a focus on accessibility and affordability, and improvements in healthcare infrastructure. Major trends anticipated in this period include the integration of testing with surveillance systems, alignment with digital health tools, technological advancements, incorporation into public health systems, and progress in diagnostic research.

The increasing incidence of monkeypox disease is expected to significantly drive the growth of the monkeypox testing market in the foreseeable future. Monkeypox is a rare viral disease caused by the monkeypox virus, which belongs to the orthodox virus genus related to the smallpox virus. The surge in monkeypox cases is attributed to increased human-to-human transmission, global travel, and reduced immunity due to discontinued smallpox vaccination programs. Monkeypox testing is crucial as it helps in the early identification of infected individuals, enabling timely treatment and isolation to prevent further disease spread. It also aids in tracking outbreaks and understanding the virus’s transmission patterns. For example, in May 2022, the European Centre for Disease Prevention and Control (ECDC), a Sweden-based government agency, reported that from January to April 2022, there were 1,152 suspected monkeypox cases, resulting in 55 deaths and a case-fatality rate of 4.8%, across 54 health zones in 14 provinces. Compared to the same period in 2021, there was an increase of 138 suspected cases and 14 deaths, leading to a higher case-fatality rate of 10.1%. Therefore, the rising incidence of monkeypox disease is significantly driving the growth of the monkeypox testing market through 2023, into 2024, and projected to continue into 2028.

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What Are The Key Trends That Influence Monkey Pox Testing Market Share Analysis?

Major companies in the monkeypox testing market are concentrating on developing advanced diagnostic solutions, such as saliva-based monkeypox testing, to enhance accuracy, convenience, and accessibility. Saliva-based monkeypox testing utilizes saliva samples to detect the presence of the monkeypox virus. For instance, in July 2022, Flow Health, a US-based medical laboratory, launched a saliva-based (polymerase chain reaction) PCR test for monkeypox, revolutionizing the testing process by offering a more convenient and non-invasive method for virus detection. This innovative test is distinguished by its high sensitivity and specificity, rapid genetic material amplification, and versatility for various applications. It allows for quantitative analysis of viral loads and direct pathogen detection while simplifying sample collection. One of its significant advantages is the ability to test individuals before visible lesions appear, crucial for early detection and reducing virus transmission.

Which Market Players 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 Dickinson and Company, Mayo Clinic Laboratories, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Sonic Healthcare 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.

How Is The Global Monkey Pox Testing Market Segmented?

The monkey pox testing market 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

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The Monkey Pox Testing Global Market Report 2024 provides an overview of the monkey pox testingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The monkey pox testing market forecast analyzes monkey pox testing market size, monkey pox testing market share, leading competitor and their market positions.

The Table Of Content For The Monkey Pox Testing Market Include

1. Monkey Pox Testing Market Executive Summary
2. Monkey Pox Testing Market Segments
3. Monkey Pox Testing Market Size And Template Market Growth Rate
4.  Key Monkey Pox Testing Market Trends
5. Major Monkey Pox Testing Market Drivers
……
25. Key Mergers And Acquisitions In The Monkey Pox Testing Market
26. Top Monkey Pox Testing Companies
27. Monkey Pox Testing Market Opportunities And Strategies
28. Monkey Pox Testing Market, Conclusions And Recommendations
29. Appendix

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