Viral Diagnostic Test Kits Market – Industry Analysis and Forecast (2023 -2029)

Viral Diagnostic Test Kits Market is expected to grow at a CAGR of 6.3% during the forecast period. The Viral Diagnostic Test Kits Market is expected to reach US$ 12.40 Bn. by 2029.

Viral Diagnostic Test Kits Market Overview

Diagnostic kits for virus testing are used to identify and diagnose several forms of viral infections. They are required because they offer effective and fast detection of the virus, allowing disease spread to be controlled at an early stage. Because a viral infection spreads through bodily fluids, the testing process includes the collection of bodily fluids such as blood and other fluids.Viral Diagnostic Test Kits MarketTo know about the Research Methodology :- Request Free Sample Report

Viral Diagnostic Test Kits Market Dynamics

As viruses are constantly evolving and new illnesses are continually detected, there is a significant demand for diagnostic tests for viruses. For example, the recently identified coronavirus causes a respiratory illness with symptoms ranging from 2 to 14 days after infection. Furthermore, the symptoms are similar to those of a typical cold, making it difficult to discover the condition early on. According to the Centers for Disease Control and Prevention, there were 330,891 cases of COVID-19 in the US as of April 6, 2021, with 8,910 fatalities. Novel viral testing diagnostic kits capable of detecting the new coronavirus are being developed in research facilities all around the world. This is expected to dramatically grow the market for viral testing diagnostic kits. Additionally, the rising prevalence of viral infections, clinical research, and technical advancements in molecular diagnostics are among the primary drivers driving the global viral illness diagnosis market. The development of precise quick screening tests with better detection time and the availability of efficient therapies is moving the market forward. Furthermore, new approaches and current breakthroughs in viral testing procedures have resulted in the release of new quick diagnostic test kits. This is expected to boost the global viral diagnostic test kits market's growth during the forecast period. However, the expensive cost of such test kits is a key impediment to their adoption in developing countries, which are currently reliant on traditional and time-consuming test kits for viral identification. Globally Improving Healthcare Infrastructure to Drive the Market Growth With the rising number of instances of various diseases, the healthcare infrastructure throughout the world is rapidly developing, resulting in a growing need for improved healthcare services, facilities, and equipment at clinics and hospitals. The healthcare industry is further fueled by the growing research and development of treatment procedures in research laboratories. As a result of these factors, the market is expected to grow throughout the forecast period.

Impact of Covid-19 Pandemic on the Market

The recent pandemic of covid-19 has intensified clinical research efforts throughout the globe to develop a strong vaccine against this virus. Various blood tests, including antibody testing, are used in clinical research activities and trials to assess the efficacy of vaccines against viruses. Because of the large number of blood tests done during vaccine development, there is a strong need for diagnostic kits for virus testing. Blood tests are also used to detect evidence of the coronavirus in patients and to identify individuals who are at higher risk. Along with these use cases, medical practitioners are investigating other therapies such as blood transfusion, plasma therapy, and others to treat covid-19 patients. These treatments drive up demand in the global viral diagnostic test kits market during the forecast period.

Viral Diagnostic Test Kits Market Segmentation Analysis

By Test Type, the immunochromatographic assay segment is expected to dominate the market due to rising demand for these testing kits and improved government reimbursement regulations. The reverse transcriptase-polymerase chain reaction [RT-PCR] based test segment, on the other hand, is expected to develop at the fastest rate in the viral testing diagnostic kits market due to rising demand for these viral testing and diagnostic kits for testing the new coronavirus illness, COVID-19. According to the Globe Health Organization, there were about 1,279,723 confirmed cases and 72,616 confirmed fatalities attributable to COVID-19 throughout the world as of April 7, 2021. By End User, the Research Laboratories segment's market share is growing because of an increase in the prevalence of disorders that require blood testing. Infectious illness prevalence remains high, for example, despite major gains in cleanliness and treatment. Infectious illnesses are expected to claim the lives of more than 14 million people each year throughout the globe.

Viral Diagnostic Test Kits Market Regional Analysis

The Asia-Pacific region is a fast-growing market for test diagnostic kits, owing to the region's growing population. According to the World Health Organization, China has 81093 coronavirus-infected individuals and 3,242 people have died from the disease since the epidemic began in December. Furthermore, North America dominates the viral test diagnostic kits market due to increased investment in research and development kit manufacturing firms as well as increased testing laboratories and hospitals. Also, the need for viral test diagnostic kits is growing in this region as a result of zika virus infections. The increase in instances of COVID in countries such as the United States is ascribed to the market's rise in the North American subcontinent throughout the forecast period. Aside from that, the development of novel test kits, as well as favorable government rules regarding product manufacturing, is expected to provide a solid growth platform for the viral diagnostic test kits market in the subcontinent throughout the forecast period. The objective of the report is to present a comprehensive analysis of the Global  market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.

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Global Viral Diagnostic Test Kits Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 8.08Bn.
Forecast Period 2023 to 2029 CAGR: 6.3% Market Size in 2029: US $ 12.40 Bn.
Segments Covered: By Test Type Direct Fluorescent Antibody [DFA] Test Immunochromatographic Assay Reverse Transcriptase Polymerase Chain Reaction [RT-PCR] Based Test Agglutination Assay Solid Phase Assay Flow Through Assay Others
By End User Research Laboratories Hospitals Clinics Others

Viral Diagnostic Test Kits Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Viral Diagnostic Test Kits Market Key Players are:

1.Qiagen 2.Abbott 3.Thermo Fisher Scientific 4.Becton, Dickinson and Company 5.BioMérieux SA 6.Quidel Corporation 7.Rapikit 8.Zoetis Inc 9.Luminex Corporation 10.F. Hoffmann-La Roche Ltd 11.Autobio 12.Certest Biotec S.L 13.CorisBioconcept SPRL 14.VIDIA s.r.o 15.Hologic Inc Frequently Asked Questions: 1. Which region has the largest share in Global Viral Diagnostic Test Kits Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Viral Diagnostic Test Kits Market? Ans: The Global market is growing at a CAGR of 6.3% during forecasting period 2023-2029. 3. What is scope of the Global Viral Diagnostic Test Kits market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Viral Diagnostic Test Kits market? Ans: The important key players in the market are – Qiagen, Abbott, Thermo Fisher Scientific, Becton, Dickinson and Company, BioMérieux SA, Quidel Corporation, Rapikit, Zoetis Inc, Luminex Corporation, F. Hoffmann-La Roche Ltd, Autobio, Certest Biotec S.L, CorisBioconcept SPRL, VIDIA s.r.o, and Hologic Inc 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Viral Diagnostic Test Kits Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Viral Diagnostic Test Kits Market 3.4. Geographical Snapshot of the Viral Diagnostic Test Kits Market, By Manufacturer share 4. Global Viral Diagnostic Test Kits Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Viral Diagnostic Test Kits Market 5. Supply Side and Demand Side Indicators 6. Global Viral Diagnostic Test Kits Market Analysis and Forecast, 2022-2029 6.1. Global Viral Diagnostic Test Kits Market Size & Y-o-Y Growth Analysis. 7. Global Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 7.1.1. Direct Fluorescent Antibody [DFA] Test 7.1.2. Immunochromatographic Assay 7.1.3. Reverse Transcriptase Polymerase Chain Reaction [RT-PCR] Based Test 7.1.4. Agglutination Assay 7.1.5. Solid Phase Assay 7.1.6. Flow Through Assay 7.1.7. Others 7.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 7.2.1. Research Laboratories 7.2.2. Hospitals 7.2.3. Clinics 7.2.4. Others 8. Global Viral Diagnostic Test Kits Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 9.1.1. Direct Fluorescent Antibody [DFA] Test 9.1.2. Immunochromatographic Assay 9.1.3. Reverse Transcriptase Polymerase Chain Reaction [RT-PCR] Based Test 9.1.4. Agglutination Assay 9.1.5. Solid Phase Assay 9.1.6. Flow Through Assay 9.1.7. Others 9.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 9.2.1. Research Laboratories 9.2.2. Hospitals 9.2.3. Clinics 9.2.4. Others 10. North America Viral Diagnostic Test Kits Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 12. Canada Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 13. Mexico Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 14. Europe Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 15. Europe Viral Diagnostic Test Kits Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 17. France Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 18. Germany Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 19. Italy Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 20. Spain Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 21. Sweden Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 22. CIS Countries Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 23. Rest of Europe Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 24. Asia Pacific Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 25. Asia Pacific Viral Diagnostic Test Kits Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 27. India Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 28. Japan Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 29. South Korea Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 30. Australia Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 31. ASEAN Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 32. Rest of Asia Pacific Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 33. Middle East Africa Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 34. Middle East Africa Viral Diagnostic Test Kits Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 36. GCC Countries Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 37. Egypt Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 38. Nigeria Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 39. Rest of ME&A Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 40. South America Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 41. South America Viral Diagnostic Test Kits Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 43. Argentina Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 44. Rest of South America Viral Diagnostic Test Kits Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Test Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Viral Diagnostic Test Kits Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Abbott 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Qiagen 45.5. Abbott 45.6. Thermo Fisher Scientific 45.7. Becton, Dickinson and Company 45.8. BioMérieux SA 45.9. Quidel Corporation 45.10. Rapikit 45.11. Zoetis Inc 45.12. Luminex Corporation 45.13. F. Hoffmann-La Roche Ltd 45.14. Autobio 45.15. Certest Biotec S.L 45.16. CorisBioconcept SPRL 45.17. VIDIA s.r.o 45.18. Hologic Inc 46. Primary Key Insights

About This Report

Report ID 106589
Category Healthcare
Published Date July 2023
Updated Date
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