Arthropod-Borne Infections Testing Market Set to Hit US$ 1.9 Billion by 2029-FMI Study
Arthropod-borne viral infections testing market demand is anticipated to reach a valuation of US$ 1.3 Billion by the end of the forecast period, growing at a CAGR of 5.6% from 2022 to 2029. In 2022, the market for testing arthropod-borne viral infections will be worth US$ 1.9 billion.The Arthropod-borne Viral Infections Testing Market refers to the market for diagnostic tests and assays used to detect viral infections transmitted to humans through arthropod vectors, such as mosquitoes and ticks. These infections can cause a range of diseases, including Zika virus, Dengue fever, Chikungunya virus, West Nile virus, and various forms of encephalitis. Here are some key takeaways for the Arthropod-borne Viral Infections Testing Market.
The Arthropod-borne Viral Infections Testing market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.
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Key Takeways:
- Increasing Incidence: The market for arthropod-borne viral infections testing is influenced by the increasing incidence of these diseases globally. Climate change, urbanization, and globalization have contributed to the spread of arthropod vectors and the diseases they carry.
- Diagnostic Technologies: Advances in diagnostic technologies, including PCR (polymerase chain reaction), ELISA (enzyme-linked immunosorbent assay), serological tests, and nucleic acid amplification tests, have improved the accuracy and speed of detecting these infections.
- Rapid Testing: The demand for rapid diagnostic tests (RDTs) for arthropod-borne viral infections has grown significantly. RDTs provide quick results, making them valuable for point-of-care testing in regions with limited access to healthcare infrastructure.
- Emerging Markets: Emerging markets, particularly in tropical and subtropical regions where these infections are prevalent, represent significant growth opportunities for diagnostic test manufacturers.
- Preventive Measures: The market is also influenced by the focus on preventive measures, such as vector control and vaccination, which aim to reduce the incidence of arthropod-borne viral infections. Diagnostic testing plays a crucial role in disease surveillance and monitoring the effectiveness of such interventions.
- Government Initiatives: Government initiatives and funding for research, development, and implementation of diagnostic tests for arthropod-borne viral infections play a pivotal role in market growth.
- Technological Advancements: Ongoing research and development efforts are focused on improving the sensitivity, specificity, and cost-effectiveness of diagnostic tests. The integration of molecular biology techniques and AI-based algorithms in diagnostics is also a notable trend.
- Collaborations and Partnerships: Collaboration between diagnostic test manufacturers, healthcare providers, and government agencies can help drive market growth by facilitating the distribution and adoption of testing solutions.
- Global Pandemic Preparedness: The COVID-19 pandemic has heightened awareness of the importance of diagnostic testing for infectious diseases, including arthropod-borne viral infections. This increased focus on preparedness and surveillance may have a positive impact on the market.
- Challenges: Challenges in the market include the need for affordable testing options in resource-limited settings, the emergence of new strains of arthropod-borne viruses, and the potential for false positives or false negatives in diagnostic tests.
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Key Companies:
- Thermo Fisher Scientific Inc.
- Roche Molecular Systems Inc.
- bioMérieux SA
- InBios International Inc.
- NovaTec Immundiagnostica GmbH
- Euroimmun AG (Sub. PerkinElmer)
- Quest Diagnostics
- Certest Biotec S.L.
- Response Biomedical Corp.
- Chembio Diagnostic Systems Inc.
- Abbott Laboratories
Key Segments:
Arthropod-borne Viral Infections Testing Market by Test Type:
- ELISA-based Tests for Arthropod-borne Viral Infections Testing
- RT-PCR-based Tests for Arthropod-borne Viral Infections Testing
- Immunochromatography Rapid Diagnosis for Arthropod-borne Viral Infections Testing
Arthropod-borne Viral Infections Testing Market by End User:
- Arthropod-borne Viral Infections in Testing Hospitals
- Arthropod-borne Viral Infections in Public Health Laboratories
- Arthropod-borne Viral Infections in Diagnostic Centres
- Others
Arthropod-borne Viral Infections Testing Market by Region:
- North America Arthropod-borne Viral Infections Testing Market
- Latin America Arthropod-borne Viral Infections Testing Market
- Europe Arthropod-borne Viral Infections Testing Market
- East Asia Arthropod-borne Viral Infections Testing Market
- South Asia & Pacific Arthropod-borne Viral Infections Testing Market
- Middle East & Africa (MEA) Arthropod-borne Viral Infections Testing Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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