Arbovirus Testing Market to Cross US$ 1.5 Bn by 2025

Global Market Study
on Arbovirus Testing:
Hospitals to Remain
Second Most Lucrative End User Segment Through 2025
After carrying out thorough research on arbovirus testing, Persistence Market
Research has come up with interesting insights on the global market and has a
published a new research report titled “Arbovirus Testing Market: Global
Industry Analysis (2012-2016) and Forecast (2017-2025)”. The analytical
research study covers various trends, restraints, developments and challenges in
the arbovirus testing market. The research study covers weighted analysis on
every segment of the arbovirus testing market thus delivering a realistic market
scenario that can be used to assess future moves from a strategic standpoint.
The future market projections have been carried out for a period of eight years
from 2017 till 2025.
Global Arbovirus Testing Market: Forecast Highlights
According to Persistence Market Research estimates, the global arbovirus
testing market is anticipated to reach a significant value by 2025 end. In 2017,
the valuation of the global arbovirus testing market stood at about US$ 970 Mn
and is expected to reach a value of more than US$ 1.5 Bn by the end of the year
of assessment. The global arbovirus testing market is projected to expand at a
value CAGR of 5.6% throughout the period of forecast, 2017-2025.
Global Arbovirus Testing Market: Segmentation Analysis
The global market for arbovirus testing is segmented on the basis of test type,
end user and region.
By test type, ELISA-based tests segment is the largest with respect to market
share. According to Persistence Market Research, this segment is expected to
reach a value of just under US$ 895 Mn by the end of the year of assessment.
The RT-PCR based tests segment is projected to grow at the highest rate to
register a CAGR of 6.0% throughout the forecast period.
By region, Asia Pacific (APAC) is highly lucrative for the growth of the
arbovirus testing market. The arbovirus testing market in Asia Pacific is
expected to show a higher market estimation of US$ 421.8 Mn by 2025 end. On
the other hand, the arbovirus testing market in the Middle East and Africa
region is the second largest and is poised to register the highest CAGR of 6.5%
during the period of forecast.
By end user, the public health laboratory segment is expected to dominate the
global market with a high market valuation. This segment is also poised to
reflect a high CAGR of 6.2% throughout the forecast period and witness high
growth potential in the coming years.
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Global Arbovirus Testing Market: Dynamics Impacting Growth
There are several factors impacting the growth of the global market for
arbovirus testing. Aspects such as increasing prevalence of arbovirus, rapid
serology tests, integrated government initiatives, development of microarray
technology, high risk quotient with regions having huge population calling for
arbovirus testing and increasing incidence rate are pushing the growth of the
global arbovirus testing market. However, factors such as difficulties in
differential diagnosis, under-diagnosis of arbovirus, syndromic approach to
arbovirus diagnosis, lack of awareness and limited availability of diagnostic
testing procedures in various regions are posing hindrances to the growth of the
global arbovirus testing market.
Global Arbovirus Testing Market: Competitive Assessment
The fact based and extensive research report on the global arbovirus testing
market includes detailed analysis on various key players involved in arbovirus
testing. Profiles of top companies such as Thermo Fisher Scientific, Inc., Roche
Molecular Systems Inc., Abbott Laboratories, InBios International, Inc.,
NovaTec Immundiagnostica GmbH, Euroimmun AG (Sub. PerkinElmer),
Quest Diagnostics and Certest Biotec S.L. are analyzed and included in this
market study.
Report overview @
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