Global Arbovirus Diagnostic Tests Market to Gain from Rising Incidence of Arbovirus Diseases and Recent Technological Advancements, says TMR
Arbovirus diagnostics is conducted to detect virus transmitted to humans by infected arthropods. An increasing number of public health laboratories are carrying out arbovirus testing and on a large scale, creating impressive opportunities for the global arbovirus diagnostic tests market. In a new study, titled “Arbovirus Diagnostic Tests Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” Transparency Market Research (TMR) offers a detailed analysis of the market. The report covers various growth drivers and restraints affecting growth. It also presents insights into opportunities and key threats that the companies operating in the market may witness over the forecast period. The report is therefore intended to help stakeholders have an executive-level blueprint of the global arbovirus diagnostic tests market.
The rising incidence of arbovirus diseases and recent advancements in technology is expected to boost the market over the forecast period. On the downside, the dearth of in vitro facilities and lack of awareness may restrain the market to an extent. The global arbovirus diagnostic tests market can be studied on the basis of various segments. For instance, in terms of test type, the global market can be segmented into immunoassays tests, molecular tests, cultural tests, and others. Of these, the demand for molecular tests is expected to rise at a rapid pace, in turn enabling growth in the global arbivorus diagnostic tests market. Molecular tests offer higher accuracy and can diagnose diseases faster as compared to other methods.
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On the basis of end user, the overall market can be classified into hospitals, laboratories, research centers, and others. The rising demand from these segments is likely to offer lucrative growth opportunities to the global arbovirus diagnostic tests market. Regionally, the global arbovirus diagnostic tests market can be segmented into Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa. Among these nations, the demand from North America is forecast to increase at a significant pace in the coming years. Besides this, Europe is also expected attractive growth opportunities.
Factors such as the increasing incidence of arbovirus disease, rising geriatric population, and presence of a sophisticated healthcare infrastructure will help in the market’s expansion in North America. In addition to these, the higher adoption of advanced technologies in diagnostics will boost the arbovirus diagnostic tests market in North America and Europe. In the coming years, the market is expected to find attractive opportunities for growth in Asia Pacific. The rising demand from India and China, surging awareness, and rising incidence of ailments are likely to support the market’s growth in the region. In addition to this, government regulations implemented to encourage growth in healthcare sector is likely to favor the market’s expansion in Asia Pacific.
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Leading players in the global arbovirus diagnostic tests market include Abbott, Becton, Dickinson and Company, Merck KGaA, Bio-Rad Laboratories, bioMerieux SA, Hologic, Inc., MedMira Inc., QIAGEN, Roche Molecular Systems, Inc., Danaher Corporation, Siemens Healthineers, and Thermo Fisher Scientific, Inc.
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