Arthropod-Borne Infections Testing Market Sets Ambitious Target of US$ 1.9 Billion by 2029-FMI Study

Arthropod-Borne Infections Testing Market
Arthropod-Borne Infections Testing Market

In order to address the threat that diseases carried by arthropods pose to world health, the arthropod-borne infections testing market sales is essential. This market includes testing solutions and diagnostic instruments that are essential for diagnosing and treating illnesses like Lyme disease, dengue fever, and the Zika virus.By the conclusion of the projected period, the market for testing for arthropod-borne viral infections is expected to be valued US$ 1.3 billion, expanding at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2029. The market for diagnosing viral diseases transmitted by arthropods is expected to reach US$ 1.9 billion by 2022.The market for diagnostic tests and assays used to identify viral infections spread to people by arthropod vectors, such as ticks and mosquitoes, is known as the “arthropod-borne viral infections testing market.” These illnesses are capable of cause a number of illnesses, such as the West Nile virus, Chikungunya virus, Dengue fever, Zika virus, and several types of encephalitis. The market for testing for arthropod-borne viral infections has several important lessons to be learned.

The Arthropod-borne Viral Infections Testing market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

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Key Takeways:

  1. Increasing Incidence: The market for arthropod-borne viral infections testing is influenced by the increasing incidence of these diseases globally. Climate change, urbanization, and globalization have contributed to the spread of arthropod vectors and the diseases they carry.
  2. Diagnostic Technologies: Advances in diagnostic technologies, including PCR (polymerase chain reaction), ELISA (enzyme-linked immunosorbent assay), serological tests, and nucleic acid amplification tests, have improved the accuracy and speed of detecting these infections.
  3. Rapid Testing: The demand for rapid diagnostic tests (RDTs) for arthropod-borne viral infections has grown significantly. RDTs provide quick results, making them valuable for point-of-care testing in regions with limited access to healthcare infrastructure.
  4. Emerging Markets: Emerging markets, particularly in tropical and subtropical regions where these infections are prevalent, represent significant growth opportunities for diagnostic test manufacturers.
  5. Preventive Measures: The market is also influenced by the focus on preventive measures, such as vector control and vaccination, which aim to reduce the incidence of arthropod-borne viral infections. Diagnostic testing plays a crucial role in disease surveillance and monitoring the effectiveness of such interventions.
  6. Government Initiatives: Government initiatives and funding for research, development, and implementation of diagnostic tests for arthropod-borne viral infections play a pivotal role in market growth.
  7. Technological Advancements: Ongoing research and development efforts are focused on improving the sensitivity, specificity, and cost-effectiveness of diagnostic tests. The integration of molecular biology techniques and AI-based algorithms in diagnostics is also a notable trend.
  8. Collaborations and Partnerships: Collaboration between diagnostic test manufacturers, healthcare providers, and government agencies can help drive market growth by facilitating the distribution and adoption of testing solutions.
  9. Global Pandemic Preparedness: The COVID-19 pandemic has heightened awareness of the importance of diagnostic testing for infectious diseases, including arthropod-borne viral infections. This increased focus on preparedness and surveillance may have a positive impact on the market.
  10. Challenges: Challenges in the market include the need for affordable testing options in resource-limited settings, the emergence of new strains of arthropod-borne viruses, and the potential for false positives or false negatives in diagnostic tests.

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Key Companies:

  • Thermo Fisher Scientific Inc.
  • Roche Molecular Systems Inc.
  • bioMérieux SA
  • InBios International Inc.
  • NovaTec Immundiagnostica GmbH
  • Euroimmun AG (Sub. PerkinElmer)
  • Quest Diagnostics
  • Certest Biotec S.L.
  • Response Biomedical Corp.
  • Chembio Diagnostic Systems Inc.
  • Abbott Laboratories

Key Segments:

Arthropod-borne Viral Infections Testing Market by Test Type:

  • ELISA-based Tests for Arthropod-borne Viral Infections Testing
  • RT-PCR-based Tests for Arthropod-borne Viral Infections Testing
  • Immunochromatography Rapid Diagnosis for Arthropod-borne Viral Infections Testing

Arthropod-borne Viral Infections Testing Market by End User:

  • Arthropod-borne Viral Infections in Testing Hospitals
  • Arthropod-borne Viral Infections in Public Health Laboratories
  • Arthropod-borne Viral Infections in Diagnostic Centres
  • Others

Arthropod-borne Viral Infections Testing Market by Region:

  • North America Arthropod-borne Viral Infections Testing Market
  • Latin America Arthropod-borne Viral Infections Testing Market
  • Europe Arthropod-borne Viral Infections Testing Market
  • East Asia Arthropod-borne Viral Infections Testing Market
  • South Asia & Pacific Arthropod-borne Viral Infections Testing Market
  • Middle East & Africa (MEA) Arthropod-borne Viral Infections Testing Market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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