Arbovirus Testing Trends and Forecast
The future of the global arbovirus testing market looks promising with opportunities in the hospital, diagnostic center, and public health laboratory markets. The global arbovirus testing market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing government initiatives to raise public knowledge of arbovirus-caused neglected tropical diseases (NTDs), like dengue and chikungunya, increasing number of people suffering from viral diseases spread by arthropods, as well as, rising knowledge of the diseases in the general population and among patients and doctors about the advantages of early arbovirus testing.Arbovirus Testing by Segment
The study includes a forecast for the global arbovirus testing by test type, end use, and region.Arbovirus Testing Market by Test Type [Shipment Analysis by Value from 2018 to 2030]:
- RT-PCR Tests
- ELISA Tests
Arbovirus Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Hospitals
- Diagnostic Centers
- Public Health Laboratories
Arbovirus Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Arbovirus Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies arbovirus testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the arbovirus testing companies profiled in this report include:- Abbott
- Thermo Fisher Scientific
- NovaTec Immundiagnostica
- Agilent Technologies
- Quidel Corporation
- OraSure Technologies
- Hologic
Arbovirus Testing Market Insights
The report forecasts that ELISA test will remain the larger segment over the forecast period due to heightened emphasis on the research and development of new ELISA tests and their advantages compared to RT-PCR tests.Within this market, public health laboratory will remain the largest segment due to strong need for arbovirus testing at public health facilities to identify chikungunya and dengue, as well as, increase in government programs offering various services, like financing for diagnostic tests.
North America will remain the largest region over the forecast period due to increasing prevalence of non-communicable diseases (NTDs) like dengue and chikungunya, rising healthcare expenditures, swift technology advancements, and an increase in patients' awareness of the value of arbovirus testing in identifying these NTDs.
Features of the Global Arbovirus Testing Market
- Market Size Estimates: Arbovirus testing market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Arbovirus testing market size by test type, end use, and region in terms of value ($B).
- Regional Analysis: Arbovirus testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different test type, end use, and regions for the arbovirus testing market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the arbovirus testing market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for arbovirus testing market?Answer: The global arbovirus testing market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the arbovirus testing market?
Answer: The major drivers for this market are growing government initiatives to raise public knowledge of arbovirus-caused neglected tropical diseases (NTDs), like dengue and chikungunya, increasing number of people suffering from viral diseases spread by arthropods, as well as, rising knowledge of the diseases in the general population and among patients and doctors about the advantages of early arbovirus testing.
Q3. What are the major segments for arbovirus testing market?
Answer: The future of the global arbovirus testing market looks promising with opportunities in the hospital, diagnostic center, and public health laboratory markets.
Q4. Who are the key arbovirus testing market companies?
Answer: Some of the key arbovirus testing companies are as follows:
- Abbott
- Thermo Fisher Scientific
- NovaTec Immundiagnostica
- Agilent Technologies
- Quidel Corporation
- OraSure Technologies
- Hologic
Answer: The report forecasts that ELISA test will remain the larger segment over the forecast period due to heightened emphasis on the research and development of new ELISA tests and their advantages compared to RT-PCR tests.
Q6. In arbovirus testing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing prevalence of non-communicable diseases (NTDs) like dengue and chikungunya, rising healthcare expenditures, swift technology advancements, and an increase in patients' awareness of the value of arbovirus testing in identifying these NTDs.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the arbovirus testing market by test type (RT-PCR tests and ELISA tests), end use (hospitals, diagnostic centers, and public health laboratories), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Arbovirus Testing Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Abbott
- Thermo Fisher Scientific
- NovaTec Immundiagnostica
- Agilent Technologies
- Quidel Corporation
- OraSure Technologies
- Hologic
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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