Global Zika Virus Testing Market Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 5.5% - ResearchAndMarkets.com

August 7, 2018

DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--The “Global Zika Virus Testing Market - Segmented by Diagnostic Test Type, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The global Zika virus testing market is expected to register a CAGR of about 5.5%, during the forecast period of 2018-2023.

Zika virus (ZIKV) infection has been known to be endemic in Africa and Southeast Asia. The consequent viral spread over the Pacific region led to an outbreak in the developed and emerging countries, worldwide. According to the World health Organization (WHO), about 84 countries/territories are or have been previously infected by ZIKV transmission.

The high cost associated with the testing kits is one of the primary factors restricting the growth of the market studied. As per a recent article published in Becker’s Healthcare, the cost of screening is high and positive detections of Zika virus are low. As per the current US Food and Drug Administration (FDA) policy, blood sample from each donation is received individually, which leads to high costs. In the emerging markets like India, the cost is high, and in the range of about INR 4,500-INR 6,000 per test, in leading diagnostic centers, such as Dr. Lal PathLabs, SRL Diagnostics, Quest Diagnostics, and Star Imaging.

Due to the rising adoption of new technologies in the medical device sector, North America is expected to dominate the market studied. The growth can also be attributed to the rising awareness of the advantages of testing kits. The government organizations, such as CDC, Pan American Health Organization (PAHO), etc., have been mainly involved in the prevention of Zika virus infection.

Companies Mentioned

Abbott Altona Diagnostics GmbH Chembio Diagnostic Systems Inc. ELITechGroup F. Hoffmann-La Roche Ltd Fast Track Diagnostics Ltd Genekam Luminex Corporation Primerdesign Ltd Quest Diagnostics

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

7. Market Segmentation

8. Competitive Landscape

9. Key Players

10. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/gt99bl/global_zika_virus?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005367/en/

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Related Topics:Diagnostics,Infectious Disease Testing



SOURCE: Research and Markets

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PUB: 08/07/2018 06:02 AM/DISC: 08/07/2018 06:02 AM


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