Strong CAGR to Propel in the Monkey Pox Testing Market and Beyond upto $1.81 Billion by 2029
Discover trends, market shifts, and competitive outlooks for the monkey pox testing industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Key Milestones in the Monkey Pox Testing Market’s Growth Trajectory From 2025 To 2034?
In the past few years, the monkey pox testing market has experienced consistent growth, with its value expected to rise from $1.46 billion in 2024 to $1.53 billion in 2025, marking a 4.8% compound annual growth rate (CAGR). This prior growth can be credited to factors such as heightened governmental funding and initiatives, surging demand for quick testing solutions, the extension of testing capacity, escalating research and development efforts, and broadened public awareness campaigns.
In the coming years, the monkey pox testing market is predicted to witness consistent growth, expanding to a market size of $1.81 billion in 2029 with a compound annual growth rate (CAGR) of 4.4%. This projected growth during the forecasted period can be credited to factors such as an increase in healthcare spending, development of point-of-care (POC) tests, growing popularity of at-home testing kits, focusing on affordability and accessibility, and betterment of healthcare infrastructure. The upcoming trend forecast includes integrating testing with surveillance systems, incorporation with digital health tools, technological progression, assimilation into public health systems, and advancements in diagnostic studies.
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Which Factors and External Forces Are Driving Demand in the Monkey Pox Testing Market?
The escalating occurrence of the monkey pox virus is predicted to stimulate the expansion of the monkey pox testing market in the future. Monkeypox, an infrequent viral infection caused by the monkeypox virus – a part of the orthodox virus genus closely related to the smallpox virus, is increasingly prevalent due to enhanced human-to-human transmission, worldwide travel, and diminished immunity from halted smallpox vaccination initiatives. Monkeypox testing plays an essential role in recognizing infected persons promptly, enabling immediate medical intervention and quarantine to curtail the disease’s further diffusion. It also aids in monitoring outbreaks and unravelling the virus’s transmission dynamics. For instance, the European Centre for Disease Prevention and Control (ECDC), a governmental agency based in Sweden, reported in May 2022 that from January to April 2022, there were 1,152 probable monkeypox incidences, resulting in 55 fatalities and a case-fatality rate of 4.8%, dispersed across 54 health zones in 14 provinces. Furthermore, compared to the same timeframe in 2021, there is an upsurge of 138 likely cases and 14 deaths, correlating to a higher case-fatality rate of 10.1%. Hence, the escalating occurrence of the monkey pox disease is propelling the augmentation of the monkey pox testing market.
Which Primary Segments of the Monkey Pox Testing Market Are Driving Growth and Industry Transformations?
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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What Are the Fastest-Growing Geographies in 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.
What Key Trends Are Shaping the Future of the Monkey Pox Testing Market?
Leading corporations in the monkey pox testing sector are committed to creating enhanced diagnostic solutions, like saliva-based monkey pox tests, to improve precision, usability, and access. Saliva-based testing for monkey pox involves utilizing saliva specimens to identify the occurrence of the monkeypox virus. For example, Flow Health, a US-based medical lab, in July 2022, inaugurated a saliva-based PCR test for monkeypox, revolutionizing the way testing is done by presenting a simpler, non-invasive alternative for virus identification. This groundbreaking test has high accuracy and specificity and quickly amplifies genetic material. It also offers flexibility for a range of uses, permits measurement of virus quantities, and makes pathogen detection direct and sample collection straightforward. One of its main benefits is the capability to test individuals before noticeable lesions emerge, which is vital for early diagnosis and limiting virus spread.
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What Parameters Are Used to Define the Monkey Pox Testing Market?
Monkeypox testing refers to the diagnostic process used to detect the presence of the monkeypox virus in an individual. This testing is crucial for identifying and confirming cases of monkeypox, a viral zoonotic disease that can be transmitted from animals to humans and between humans.
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