Arbovirus Testing Market Size
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.86 Billion |
Market Size (2029) | USD 1.14 Billion |
CAGR (2024 - 2029) | 5.92 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Arbovirus Testing Market Analysis
The Arbovirus Testing Market size is estimated at USD 0.86 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 5.92% during the forecast period (2024-2029).
- The major factors accounting for the growth of the arbovirus testing market are the increasing rate of incidence and prevalence of Arbovirus throughout the world, recent advancements in technology, and emerging rapid Serology Tests that may drive the arbovirus testing market during the forecast period.
- For example, WHO has reported that the number of dengue cases reported increased over 15-fold over the last two decades, from 505,430 cases in 2000 to over 2,400,138 in 2010 and 3,312,040 in 2015. Deaths from 2000 to 2015 increased from 960 to more than 4032, which strongly supports the increase in the incidence of arboviral diseases.
- Thus, the incidence rate of Arboviral diseases drives the growth of the arbovirus testing market during the forecast period. However, the lack of in vitro facilities, lack of awareness, and limited availability of diagnostic testing procedures may restrain the studied market's growth during the forecast period.
Arbovirus Testing Market Trends
This section covers the major market trends shaping the Arbovirus Testing Market according to our research experts:
In Test Type Segment, Reverse Transcriptase Polymerase Chain Reaction (RT-PCR) Based Tests Dominates the Market and the Same is Expected Over the Forecast Period.
The RT-PCR based tests segment is expected to dominate the arbovirus testing market over the forecast period, attributing to its advantages. A key difference between ELISA (Enzyme-linked immunosorbent assay) and PCR tests is the detection limit. Typically, an ELISA-based method will have a limit of 104-106 CFU/ml, whereas a PCR method can detect in the range of 103 CFU/ml. This difference in detection limit usually means that a longer enrichment time is required for an ELISA method. Even in terms of sensitivity, the PCR technique is very sensitive and specific over ELISA. The wastes produced in the laboratories by adopting the PCR technique are less compared to ELISA. Hence, all these factors together suggest that RT-PCR based tests dominate the arbovirus testing market during the forecast period.
North America Dominates the Market and the Same is Expected Over the Forecast Period.
North America is expected to dominate the overall market, throughout the forecast period, which has been attributed to the developed economy, increasing health care expenditure, and high adoption of technologically advanced products in the region. Thus, North America dominates the arbovirus testing market during the forecast period. The market in Asia-Pacific is expected to register a high CAGR due to larger population density, which facilitates the easy spread of the arboviral diseases.
Arbovirus Testing Industry Overview
The arbovirus testing market is moderately competitive and consists of several major players. With the increasing consolidations of various organizations and product recalls in the healthcare sector, it is expected to generate competitive rivalry among the key players in the future. Some of the major players of the market are Agilent Technologies Inc., Thermo Fisher Scientific, NovaTec Immundiagnostica GmbH, Euroimmun AG, and Abbott Laboratories, among others.
Arbovirus Testing Market Leaders
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Agilent Technologies, Inc.
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Thermo Fisher Scientific
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NovaTec Immundiagnostica GmbH
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Euroimmun AG
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Abbott Laboratories
*Disclaimer: Major Players sorted in no particular order
Arbovirus Testing Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increase in the Incidence and Prevalence of Arbovirus
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4.2.2 Advancement in Technology
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4.2.3 Rapid Serology Tests
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4.3 Market Restraints
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4.3.1 Lack of In vitro Facilities
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4.3.2 Lack of Awareness and Limited Availability of Diagnostic Testing Procedures
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Test Type
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5.1.1 ELISA-based Tests
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5.1.2 RT-PCR based Tests
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5.1.3 Other Test Types
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5.2 By End User
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5.2.1 Diagnostic Laboratories
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5.2.2 Hospitals
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5.2.3 Research Centers
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5.2.4 Other End Users
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5.3 By Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle East & Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle East & Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Agilent Technologies Inc.
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6.1.2 Thermo Fisher Scientific
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6.1.3 NovaTec Immundiagnostica GmbH
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6.1.4 Euroimmun AG
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6.1.5 Abbott Laboratories
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6.1.6 DiaSorin SpA
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6.1.7 Bio-Rad
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6.1.8 Fluke Biomedical
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6.1.9 Copley Scientific
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6.1.10 Distek
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Arbovirus Testing Industry Segmentation
Arboviruses (Arthropod-borne viruses) are a unique, diverse, and fascinating group of viruses because they cycle between a wide variety of vertebrate hosts and arthropod species. Examples of the arboviral infectious diseases include Dengue, Chikungunya, St. Louis encephalitis, Yellow fever, California encephalitis, Eastern Equine Encephalitis, Powassan, West Nile, and Zika.
By Test Type | |
ELISA-based Tests | |
RT-PCR based Tests | |
Other Test Types |
By End User | |
Diagnostic Laboratories | |
Hospitals | |
Research Centers | |
Other End Users |
By Geography | ||||||||
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Arbovirus Testing Market Research FAQs
How big is the Arbovirus Testing Market?
The Arbovirus Testing Market size is expected to reach USD 0.86 billion in 2024 and grow at a CAGR of 5.92% to reach USD 1.14 billion by 2029.
What is the current Arbovirus Testing Market size?
In 2024, the Arbovirus Testing Market size is expected to reach USD 0.86 billion.
Who are the key players in Arbovirus Testing Market?
Agilent Technologies, Inc. , Thermo Fisher Scientific , NovaTec Immundiagnostica GmbH , Euroimmun AG and Abbott Laboratories are the major companies operating in the Arbovirus Testing Market.
Which is the fastest growing region in Arbovirus Testing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Arbovirus Testing Market?
In 2024, the North America accounts for the largest market share in Arbovirus Testing Market.
What years does this Arbovirus Testing Market cover, and what was the market size in 2023?
In 2023, the Arbovirus Testing Market size was estimated at USD 0.81 billion. The report covers the Arbovirus Testing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Arbovirus Testing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Arbovirus Testing Industry Report
Statistics for the 2024 Arbovirus Testing market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Arbovirus Testing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.