Global Respiratory Syncytial Virus Diagnostics Market 2019-2023| Technological Advancements Drive Growth| Technavio
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A key driver for the global respiratory syncytial virus diagnostics market is the increase in product launches. Vendors have been developing new RSV diagnostic products with increased efficiencies. These launches are expected to contribute to the revenue of companies, which will drive the growth of the market. These advanced product launches will assist in making the products accessible for end-users and will decrease the time required for diagnostics.
As per Technavio, the technological advancements will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global respiratory syncytial virus diagnostics market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global respiratory syncytial virus diagnostics market: Technological advancements
Companies are developing advanced products to increase the effectiveness and efficiency of RSV diagnostics. Hence, companies have been developing systems and assays or reagents required for systems, which are used to test for RSV. But, vendors are developing systems that can use different assays developed by various companies.
“The development of universal assays, which can be used in systems manufactured by different companies could assist small and medium-sized RSV consumable product manufacturers to increase their sales. The large companies sell their products at high costs. The end-users can purchase expensive systems from Tier-1 companies and consumables from small and medium-sized companies that develop universal assays, which can be cost-effective,” says a senior research analyst at Technavio.
Global respiratory syncytial virus diagnostics market: Segmentation analysis
This respiratory syncytial virus diagnostics market analysis report segments the market by product (consumables and systems) and geography (the Americas, APAC, and EMEA).
The consumables segment held the largest respiratory syncytial virus diagnostics market share in 2018, accounting for about 58% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2018, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2019-2023.
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Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
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- Market positioning of vendors
- Competitive scenario
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Source: Technavio Research