Respiratory Syncytial Virus (RSV) Diagnostic Market is Forecasted to Reach CAGR of 10.91% by 2030
Global Respiratory Syncytial Virus (RSV) Diagnostic Market report suggests that the key market players are making moves like product launches, joint ventures, developments, mergers and acquisitions which has influence on the market and Healthcare industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The market data analysed and evaluated in this market report makes achieve business goals and objectives in preset time frame. Painstakingly analysed market segmentation aspect provides a clear idea about the product consumption based on numerous factors ranging from type, application, deployment model, end user to geographical region.
Data Bridge Market Research analyses that the respiratory syncytial virus (RSV) diagnostic market which is USD 923.10 million in 2022, is expected to reach USD 2113.57 million by 2030, at a CAGR of 10.91% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The rise in the need for point-of-care testing diagnostic tests for RSV infected people, as well as advancements in the field of specific markers such as proteomics and genomics, are expected to drive the growth of the respiratory syncytial virus (RSV) diagnostic market during the forecast period. Furthermore, the rising prevalence of RSV infections is expected to fuel the expansion of the respiratory syncytial virus (RSV) diagnostic market.
Market Overview
RSV (respiratory syncytial virus) is a virus that causes respiratory infections like bronchiolitis and pneumonia. Human Respiratory Syncytial Virus (RSV) is a virus that commonly causes infection of the lower respiratory tract. RSV is a leading cause of severe respiratory illness in premature infants and children under five. Its symptoms can range from a simple cold to bronchiolitis and pneumonia.
Opportunities
- New product launches
The product launches are propelling market growth. For instance, Avellino Labs USA, Inc. launched AvellinoCoV2 – Respiratory Test in 2022, a multi-panel RT-PCR-based virus assay that accurately detects four viral infections in a single patient sample – COVID-19, respiratory syncytial virus (RSV), influenza A and influenza B. Thus, the COVID-19 has had a positive impact on the growth of the market and is expected to continue to grow in the future.
Restraints/Challenges
- RSV vaccine advancements
RSV vaccine advancements may pose a further challenge to the growth of the respiratory syncytial virus (RSV) diagnostic market in the near future.
This respiratory syncytial virus (RSV) diagnostic market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the respiratory syncytial virus (RSV) diagnostic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2021, QIAGEN launched and CE-marked the QIAstat-Dx Respiratory 4 Plex Flu A-B/RSV/SARS-CoV-2 test for the QIAstat-Dx system to rapidly identify whether patients have common seasonal respiratory infections or SARS-CoV-2.
- In 2021, Roche launched three molecular polymerase chain reaction (PCR) diagnostic test panels to detect and differentiate common respiratory pathogens, including influenza A, influenza B, and respiratory syncytial virus (RSV); adenovirus (ADV), human metapneumovirus (hMPV), and enterovirus/rhinovirus (EV/RV); and parainfluenza 1, 2, 3, and 4.
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Some of the major players operating in the respiratory syncytial virus (RSV) diagnostic market are:
- BIOMERIEUX (France)
- BD (U.S.)
- Abbott (U.S.)
- F. Hoffman La. Roche Ltd (Switzerland)
- Danaher (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- Luminex Corporation (U.S.)
- BioCartis, Hologic, Inc. (U.S.)
- Fast Track Diagnostics Luxembourg S.à r.l. (Luxembourg)
- Beckman Coulter Inc. (U.S.)
- Ortho-Clinical Diagnostics (U.S.)
- Bio-Rad Laboratories Inc. (U.S.)
- DiaSorin S.p.A. (Italy)
Respiratory Syncytial Virus (RSV) Diagnostic Market Scope
Product
- Kits and Assays
- Instruments
- Others
Method
- Molecular Diagnostics
- Rapid Antigen Detection Test
- Enzyme-linked immunosorbent assay
- Immunefluorescence assays
- Others
- Chromatographic immunoassays
- Optical immunoassays
End User
- Hospitals and Clinics
- Clinical Laboratories
- Others
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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