According to The Insight Partners latest study on “Viral Antigens Market Forecast to 2027 –COVID-19 Impact and Global Analysis – by Component [Influenza Viral Antigens, Coronavirus Antigens, Zika Virus Antigens, Ebola Virus Antigens, Dengue Virus Antigens, Herpes Simplex Virus (HSV) Antigens, Rotavirus Viral Antigens, Hepatitis A-E Virus Antigens, Measles Virus Antigens, Mumps/Parotitis Virus Antigens, and Others], Technique [ELISA, Immunoassay, Hemagglutination, Radioimmunoassay (RIA), Immunoperoxidase Staining, Immunofluorescence, and Others], and End User [Hospitals, Clinics, Laboratories, Diagnostic Centers, Blood Banks, and Research Institutes] ,” the market was valued at US$101.41 million in 2019 and is projected to reach US$236.80 million by 2027; it is expected to grow at a CAGR of 11.0% during 2020–2027.
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Microbix Biosystems, BIO-RAD LABORATORIES INC., Creative Diagnostics, Aalto Bio Reagents Ltd., Advanced Biotechnologies Inc., Prospec-Tany Technogene Ltd., ACROBiosystems., MERIDIAN BIOSCIENCE, INC., Rekom Biotech S.L, and LGC Limited are among the key players operating in the viral antigens market. These companies focus on partnerships, product launches, and collaborations, among other business strategies, to sustain their market positions. For instance, in May 2020, Bio-Rad Laboratories received the EUA approval from the US FDA for its SARS-CoV-2 Total Ab test, which is a blood-based assay to identify all the antibodies developed by human body in response to the novel coronavirus SARS-CoV-2.
The growth of the viral antigens market is attributed to the increased acceptance of viral antigens in vaccine development, and advancements in image analysis software and informatics platforms for viral antigen detection. Further, the emerging markets offer lucrative opportunities to the global viral antigens market players. However, the high cost of vaccine development hinders the market growth.
On the basis of component, the viral antigens market is segmented into Influenza Viral Antigens, coronavirus antigens, Zika virus antigens, Ebola virus antigens, Dengue virus antigens, Herpes Simplex Virus (HSV) antigens, rotavirus viral antigens, Hepatitis A-E virus antigens, measles virus antigens, mumps/parotitis virus antigens, and others.
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A viral antigen is a toxin or other substance released by a virus that is capable of inducing an immune response (to create an antibody) in the host organism. A viral protein is a viral genome-specified antigen that can be recognized by a specific immunological response. Vaccination aims to establish immunity in the host that, in the event of an infectious pathogen, will prevent illness. Therefore, in its simplest form, vaccine development for viral diseases involves the distribution of antigens that induce virus-specific neutralizing antibodies and avoid the induction of any off-target antibodies.
Prominent players in the viral antigens market are focusing on organic strategies such as product launches, product approvals, and geographic and manufacturing expansions. These strategies help them strengthen their market positions, along with allowing them to broaden their geographic footprints. Additionally, various companies are undertaking acquisitions to garner their significance and remain competitive in the market. A few of the vital developments in the viral antigens market are mentioned below:
In 2020 – Bio-Rad Laboratories has received EUA approval from US FDA for its SARS-CoV-2 Total Ab test, which is a blood-based assay to identify all the antibodies that are developed by the human body in response to the novel coronavirus SARS-CoV-2.
In 2019 – Aalto Bio Reagents Ltd. signed its first distribution agreement with a Japanese partner, Veritas Corporation as Japan has been identified as a key market for Aalto Bio Reagents, and the partnership with Veritas offers an opportunity to further develop links with existing and potential customers base in the country.
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