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Global "Zika Virus Testing Market " Status Report provides a comprehensive badysis of the Zika virus testing industry, from the reader's perspective, provides detailed market data as well as market insights. Regardless of the client, he is an industry insider, a potential entrant or investor. The report will provide useful data and information.
This report includes manufacturers' data, including shipments, prices, revenues, gross profit, interview records, sales breakdown, and so on. These data give the user a better idea of the competitors. The report also covers all regions and all countries of the world, which indicates the status of regional development as well as the size of the market, volume and value, as well as price data. In addition, the report also includes sectoral data including: type, sector, channel, etc. Volume and value include the size of the market. It also contains information about customers from various industries, which is very important for manufacturers.
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The global market for Zika virus testing is expected to record a CAGR of about 5.5% over the 2018-2023 forecast period. Zika virus belongs to the genus falvivirus transmitted by Ades mosquitoes. The market studied is mainly related to the intensification of research and development activities and the increasing prevalence of Zika virus infection. By region, due to the well-developed health infrastructure and rapid technological advances of several biopharmaceutical companies in Zika virus testing, North America is expected to dominate the market under study.
Increasing prevalence of Zika virus infection
Zika virus (ZIKV) infection is endemic in Africa and Southeast Asia. The resulting viral spread in the Pacific region has led to an epidemic in developed and emerging countries around the world. According to the World Health Organization (WHO), about 84 countries / territories are or have already been infected with ZIKV transmission. Major epidemics of Zika virus infection have been observed in 2016-2017 in the countries of Asia-Pacific (especially India) and South America. According to the Centers for Disease Control and Prevention, Mexico, South America, Central and Sub-Saharan African countries and several countries in South-East Asia are the main countries at risk of contracting the infection. by the Zika virus. Thus, the growing prevalence of Zika virus infection in emerging countries is one of the main drivers of market growth over the forecast period.
Other important market factors include – government initiatives to develop innovative testing, increasing research and development efforts of biopharmaceutical companies, and advances in medical diagnostic tests.
High cost of kit tests
The high cost badociated with test kits is one of the main factors limiting the growth of the studied market. According to a recent article published in Becker's Healthcare, the cost of screening is high and positive detections of Zika virus are low. In accordance with current US Food and Drug Administration (FDA) policy, each blood sample is collected individually, resulting in high costs. In emerging markets such as India, the cost is high and ranges from about INR 4,500 to 6,000 per test, in major diagnostic centers, such as Dr. Lal PathLabs, Diagnostics. SRL, Quest Diagnostics and Star Imaging. In addition, diagnostic laboratory infection is based on RNA in the patient sample and has lower detection limits.
The other factor limiting the growth of the studied market is the slow adoption of new technologies in emerging economies.
North America is about to dominate
Due to the increasing adoption of new technologies in the medical device industry, North America is expected to dominate the market under study. This growth can also be attributed to the growing awareness of the benefits of test kits. Governmental organizations, such as the CDC, the Pan American Health Organization (PAHO), etc., have been primarily involved in the prevention of Zika virus infection. The CDC has received several funds over the last two years to combat the zika epidemic in several territories. Several companies have introduced their diagnostic tests in countries of North and South America.
Key Developments on the market
• May 2018 – Roche receives FDA approval for a Cobas Zika test, for use on Cobas 6800/8800 systems, which simplifies screening for multiple donations of blood or plasma.
• February 2018 – The College of Dentistry at the University of New York collaborated with Rheonix Inc. for the development of a new test for the Zika virus, which uses saliva to identify diagnostic markers of the virus.
Major players: ABBOTT, ALTONA DIAGNOSTICS GMBH, CHEMBIO DIAGNOSTIC SYSTEMS INC., ELITECHGROUP, F. HOFFMANN-LA ROCHE LTD, FAST TRACK DIAGNOSTICS LTD, GENEKAM, LUMINEX CORPORATION, PRIMERDESIGN LTD, AND QUEST DIAGNOSTICS, among others.
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Zika Virus Testing Market Segment by Regions, Regional Analysis covers:
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)
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Full knowledge of the Zika virus testing market is based on the latest industry news, opportunities and trends. Zika Virus Testing The Market Research Report provides a clear overview of the influential factors that should transform the global marketplace in the near future. Top-down and bottom-up approaches have been used to estimate and validate the market size of the Zika virus testing market to estimate the size of various other dependent sub-markets in the global market.
The report covers the market landscape and its growth prospects for the coming years. It discusses recent product innovations and provides insights into potential regional market shares. The report provides comprehensive information on Industrial Series Analysis, which badyzes upstream and downstream industries, which contain raw materials and suppliers, equipment and suppliers.
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