The Business Research Company’s Virology Testing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Virology Testing Global Market Report 2023 evaluates virology testing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global virology testing market is expected to grow from $4.61 billion in 2022 to $5.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virology testing market is expected to reach $7.18 billion in 2027 at a CAGR of 9.2%.
The rising incidence of viral infections is expected to propel the growth of the virology testing market going forward. Viral infections are infectious diseases caused by viruses, microscopic infectious agents composed of genetic material (DNA or RNA) surrounded by a protein coat. Virology testing is essential for accurate diagnosis, surveillance, research, and public health preparedness. It enables the identification of viral pathogens, guides treatment strategies, tracks the spread of infections, and supports the development of new interventions. The increasing demand for virology testing stems from the need to manage viral infections and mitigate their impact effectively. For instance, according to the Texas Department of State Health Services, a US-based state agency of Texas, the number of reported varicella cases in Texas increased from 354 in 2021 to 348 in 2020. Therefore, the rising incidence of viral infections is driving the growth of the virology testing market.
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The Virology Testing Market Segments In The Report Are:
Virology Testing By Type:
Instruments
Assay Kits And Consumables
Virology Testing By Diagnostic Technique:
Molecular Diagnostics Method
Immunoassay Based Method
Mass Spectroscopy Based Method
Other Techniques
Virology Testing By Application:
Skin And Soft Tissue Infections
Respiratory Tract Infections
Gastrointestinal Tract Infections
Urinary Tract Infection
Eye Infections
Sexually Transmitted Diseases
Perinatal Infections
Virology Testing By End User:
Hospitals
Clinics
Laboratories
Diagnostic Centers
Blood Banks
Pharmacies
Top Key Players:
Johnson & Johnson Services Inc.
F. Hoffmann-La Roche AG
Merck & Co. Inc.
Thermo Fisher Scientific Inc.
Abbott Laboratories
The table of contents in TBRC’s virology testing market report includes:
1. Executive Summary
2. Virology Testing Market Characteristics
3. Virology Testing Market Trends And Strategies
4. Virology Testing Market – Macro Economic Scenario
5. Global Virology Testing Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
……
26. South America Virology Testing Market
27. Brazil Virology Testing Market
28. Middle East Virology Testing Market
29. Africa Virology Testing Market
30. Virology Testing Market Competitive Landscape And Company Profiles
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