Virology Testing Market by Diagnostic Technique (Molecular Diagnostics Method [PCR based methods and NGS based methods], Immunoassay based Method, Mass Spectroscopy based Method, and Others), by Product Type (Instruments and Assay kits and Consumables), by End User (Hospitals, Diagnostic Centers, Blood Banks, and Others) and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Virology testing consist of diagnostic methods that help in early detection of the disease such as hepatitis, influenza, HIV, sexually transmitted disease, RCV, and other viral associated disease. Virology testing examines for detection of viral antigens, nucleic acids, and antibodies in the given sample in order to confirm the presence of particular viral infection. There are more than 100 viral diseases identified.

In order to confirm viral infections, virology testing inculcates various methods. Culture medium based method in which virus is confirmed by colony formation over culture has been traditionally used since long time. Although this method is widely acceptable and easy to perform, it is often time consuming, as it takes few days to weeks to confirm presence of particular virus. It is a serious limitation especially in viral pandemics where loss of time could result in more widespread infection and delay in management of the viral infection.

New advanced molecular based virology testing methods has been evolved in recent past such as immunoassay, nucleic acid based amplification testing methods (PCR based methods), mass spectrometry based detection methods and next generation genome sequencing methods, which are accurate, quick, and provides result for diversified viral infections.

Virology Testing Market- Market Dynamics

Virology testing market is projected to witness significant growth during forecast period with rising prevalence of virus originated diseases such as flu, hepatitis, AIDS, and STDs, Ebola, Influenza based viral infections, severe acute respiratory syndrome from coronavirus, hemorrhagic fever etc. across world. Early and fast diagnosis of virus infection is very essential to start treatment course.

According to the World Health Organization (WHO), January 2018 factsheet, all types of influenza in combination causes annual epidemics about 3 to 5 million cases with severe stage of illness, which results in the  290 000 to 650 000 deaths worldwide annually. Although rapid diagnostic tests are majorly used, PCR based techniques are being adopted for detection of influenza.

According Report on Global Sexually Transmitted Infection Surveillance published in 2015 by WHO, in 2012, an estimated 357 million new infections, which is equivalent to roughly 1 million patients per day were reported for the four curable sexually transmitted disease such as chlamydia, gonorrhea, syphilis, and trichomoniasis.

Furthermore, advances in anti-viral therapy in terms of detection techniques, medication, and vaccines are expected to drive the virology testing market growth. Worldwide efforts are going on to find novel vaccines and novel medication for treating viral resistant diseases. For instance, Pritelivir is investigational drug for herpes simplex virus (HSV) by AiCuris has proven to be very effective as compared to the current standard antiviral treatments for genital herpes in Phase II trials. Extensive research has been conducted worldwide for treatment of high epidemic viral disease such as Ebola, Dengue, and Malaria.

New technologies for detecting and curing viral disease could help in market expansion. For instance, the nanoscale viral trap molecule technology, which is under research at present can be applicable in diagnosing a viral disease. An innovative tunable device selectively traps viruses detecting them with 100 times better sensitivity than the current available techniques. Double-stranded RNA Activated Caspase Oligomerizer (DRACO) is another nanoparticle based drug in research to treat viral disease.

Advancement in diagnostic technologies from culture based methods to nucleic acid and molecular diagnosis techniques is leading to new product launches by key players, which is expected to drive growth of virology testing market. For instance, Roche in 2017, launched cobas HPV Assay to be performed on the cobas 6800/8800 Systems. Cobas HPV assay aids in identifying women at risk of cervical cancer, performed on cobas 6800/8800 Systems which is fully automated system with capacity to deliver large diagnostic services.

Virology Testing Market - Regional Insights

On the basis of Geography, virology testing market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to dominate the virology testing market over the forecast period. According to the Centers for Disease Control and Prevention (CDC), around 5,251 deaths were reported due to influenza infection in 2015.

According to the National Ambulatory Medical Care Survey: 2015 data findings, around 16.8 million people visit to physician for treatment of infectious and parasitic diseases in U.S. Moreover, according to a study from the Society for Risk Analysis, 2016, GDP loss of a viral pandemic outbreak in the U.S. was recorded between US$ 34.4 billion and US$ 45.3 billion in 2015.

Furthermore, robust healthcare infrastructure and highest healthcare spending in world makes the U.S. most lucrative market. However, Asia Pacific is expected to witness high CAGR due to outbreak of viral influenza and largest patient pool infected with HIV.

Virology Testing Market - Competitive Landscape

Some of the key players operating in the virology testing market include F. Hoffmann-La Roche AG.,  Bio-Rad Laboratories Inc. , Hologic Inc., Abbot Healthcare, Fujirebio Diagnostics Inc., Thermo Fisher Scientific Inc., Cepheid, bioMerieux SA, Qiagen, Diasorin, Scienion AG, Siemens AG Grifols,  Eiken Chemical Co Ltd., Sequenom, and Diamedix Inc.

Virology Testing Market - Market Taxonomy  

On the basis of diagnostic technique, the global virology testing market is segmented into:

  • Molecular Diagnostics Method
    • PCR based methods
    • NGS based methods
  • Immunoassay based Method
  • Mass Spectroscopy based Method
  • Others

On the basis of product type, the global virology testing market is segmented into:

  • Instruments
  • Assay kits and consumables

On the basis of end user, the global virology testing market is segmented into:

  • Hospitals
  • Diagnostic Centers
  • Blood Banks
  • Others

On the basis of region, the global virology testing market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.