How Will the Monkey Pox Testing Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the monkey pox testing market grown in recent years?
The value of the monkey pox testing market has been consistently expanding over the past few years. The market size is projected to increase from $1.46 billion in 2024 to $1.53 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. This upward trend in the previous years can be credited to increased state funding and proactive measures, a growing requirement for quick testing, amplified testing capacity, advance research and development, and a surge in public education campaigns.
How is the monkey pox testing market size expected to evolve during the forecast period?
The market size for monkey pox testing is anticipated to experience consistent expansion in the coming years, reaching $1.81 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 4.4%. Increased expenditures in healthcare, the proliferation of point-of-care (POC) tests, the surge in at-home testing kits, an emphasis on affordability and accessibility, as well as enhancement of healthcare infrastructure, mainly fuel the expected growth in the forecast period. Crucial trends within the forecast period comprise the merging of testing with surveillance systems, incorporation with digital health tools, technological progress, integration into public health systems, and advancements in diagnostic research.
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Which key drivers are propelling the monkey pox testing market’s growth?
The growth trajectory of the monkey pox testing market is anticipated to be largely propelled by the escalating prevalence of monkey pox disease. Monkeypox is an uncommon viral disease caused by the monkeypox virus, which belongs to the orthodox virus genus and has close relations to the smallpox virus. The upsurge in monkeypox infections can be attributed to amplified human-human transmission, increased global travel, and waned immunity due to the cessation of smallpox vaccination programs. Monkeypox tests play a vital role in early identification of individuals carrying the infection, enabling prompt treatment and isolation that averts further spread. They also serve in outbreak tracking and decoding transmission patterns of the virus. For example, the European Centre for Disease Prevention and Control (ECDC), based in Sweden, reported 1,152 suspected monkeypox instances from January to April in 2022, leading to 55 deaths and a case-fatality rate of 4.8%, distributed across 54 health zones in 14 provinces. Moreover, relative to the same span in 2021, there is a rise by 138 suspected cases and 14 deaths, leading to an escalated case-fatality rate of 10.1%. Hence, the mounting prevalence of monkey pox remains a key factor propelling the monkey pox testing market growth.
What are the market segments in the monkey pox testing industry?
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
Subsegments:
1) By Polymerase Chain Reaction (PCR): Real-Time PCR (qPCR), Reverse Transcription PCR (RT-PCR), Multiplex PCR
2) By Lateral Flow Assay (LFA): Immunochromatographic Lateral Flow Assays, Rapid Antigen Detection Kits
3) By Other Technologies: ELISA (Enzyme-Linked Immunosorbent Assay), CRISPR-based Testing, Serological Tests (Antibody Detection), Nucleic Acid Sequence-Based Amplification (NASBA)
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Which leading companies are shaping the growth of 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.
What are the key trends shaping the future of the monkey pox testing market?
Top businesses involved in the monkey pox testing market are concentrating on innovations in diagnostic solutions, notably those involving saliva-based monkey pox testing. This testing method improves precision, ease of use, and availability by utilizing saliva samples to discover the monkeypox virus. For example, Flow Health, a US medical lab, introduced the saliva-based PCR test for monkeypox in July 2022. This ground-breaking method has transformed the testing procedures, providing a simpler and less intrusive approach to identify the virus. The test is distinguished by its excellent sensitivity and specificity; it is swift in amplifying genetic material and versatile in serving different purposes. The test enables quantitative examination of viral quantities and direct pathogen detection while easing sample gathering. Its primary benefit is the capacity to examine individuals before manifest lesions appear, which is pivotal for early discovery and curbing virus spread.
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Which geographic areas are influencing the growth of the monkey pox testing market?
North America was the largest region in the monkey pox testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monkey pox testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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