How Has The Virology Testing Market Size Evolved In Recent Years?
The virology testing market has seen considerable growth due to a variety of factors.
•The market for virology testing has seen robust growth in the past few years. This market is anticipated to increase from $5.39 billion in 2024 to $5.86 billion in 2025 translating to a compound annual growth rate (CAGR) of 8.6%.
The historic growth trend is caused by several factors such as the advent of new and sophisticated viruses, a surge in outbreaks of infectious diseases, growth in healthcare infrastructure, and elevated awareness of the necessity of early virus detection, as well as growth in point-of-care virology testing services.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Virology Testing Market?
The virology testing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for virology testing is projected to witness a swift expansion in the upcoming years, escalating to $8.82 billion by 2029, with a compound annual growth rate (CAGR) of 10.8%.
This growth during the forecasted period can be credited to the incorporation of next-generation sequencing in virology, the effect of climate change on the dissemination of vector-borne viruses, the advent of mobile and home-based virology testing solutions, the utilization of digital pathology in virology diagnostics, and the increased application of big data analytics in virology surveillance. The forecast period will see significant trends such as advancements in molecular diagnostics technology, the integration of artificial intelligence in virology testing, the creation of inventive biomarkers for virus identification, the development of cutting-edge antiviral therapies and treatments, and a focus on sustainable and environmentally-friendly testing methods.
What Are The Essential Drivers Behind The Growth Of The Virology Testing Market?
The virology testing market is anticipated to flourish owing to the increasing occurrence of viral infections. These infections are diseases induced by viruses, which are minuscule infectious substances consisting of genetic material (DNA or RNA) enveloped in a protein shell. Virology testing, essential for precise diagnostics, research, monitoring, and preparedness for public health, allows the detection of viral pathogens, steering of treatment approaches, management of infection spread, and aids in creating new interventions. Viral infections need to be managed efficiently to lessen their effect, driving the intensive demand for this testing. For instance, GOV.UK, a British government service and information provider reported in September 2024 that from the 40th week of 2023 to the 14th week of 2024, in England where virological testing data was accessible, 708 incidents were affirmed as SARS-CoV-2 (53.3%), trailed by 472 incidents of influenza (35.5%), 68 incidents of RSV (5.1%), and 80 incidents (6.0%) were related to other viruses. Hence, the mounting frequency of viral infections is propelling the expansion of the virology testing market.
How Is The Global Virology Testing Market Divided Into Key Segments?
The virology testing market covered in this report 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
Subsegments:
1) By Instruments: PCR Machines, Sequencers, Microplate Readers, Immunoassay Analyzers
2) By Assay Kits And Consumables: PCR Assay Kits, ELISA Kits, Rapid Test Kits, Viral Culture Kits, Sample Collection Kits, Pipette Tips, Culture Media
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What Trends Are Reshaping The Future Of The Virology Testing Market?
In the virology testing market, the emergence of product innovation as a significant trend cannot be overlooked. To maintain their market standing, leading companies in this sector are churning out innovative products. An instance of this is when Sentinel CH. SpA, a company based in Italy and known for manufacturing medical equipment, ushered in the SENTiNAT 200 in November 2022. This system, engineered as a fully automated sample-to-result, is complemented by the introduction of the STAT-NAT SN200 Real-Time PCR assays capable of detecting ten viruses quantitatively. With DNA and RNA extraction, PCR setup, and amplification, the SENTiNAT 200 also incorporates two thermal cyclers and the FastFinder analysis software. This product is ideally suited for medium to large-sized laboratories involved in diagnosing viral infections due to its high throughput, automation, and flexibility. Moreover, the incorporation of intuitive software and a barcode reader greatly reduces the chance of human error, whereas the use of cloud-based data accessing paves the way for improved reporting time and result management.
Who Are the Key Players in the Virology Testing Market?
Major companies operating in the virology testing market include:
• Johnson & Johnson Services Inc.
• F. Hoffmann-La Roche AG
• Merck & Co. Inc.
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• 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
What are the Regional Insights into the Virology Testing Market?
North America was the largest region in the virology testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virology testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
