Arbovirus (Arthropod Borne Virus) is used to describe infection caused by viruses that spread to people through infected arthropods like mosquitoes, ticks and others. The market study on arbovirus testing provides an in-depth analysis of the global market for arbovirus testing for the period of 2016-2025, therein the base year is 2016 and 2017-2025 is the forecasted period. The research study covers all prevalent trends and opportunities playing a major role in influencing the growth of the global arbovirus testing market during the forecast period. It also highlights various drivers and restraints impacting the market’s growth. The scope of the research covers end user analysis, competitive assessment, regional outlook and various test types of arbovirus testing. In terms of business opportunities, Asia-Pacific and Middle East & Africa are lucrative markets for players involved in arbovirus testing due to high population at risk of infections and owing to high distribution of arbovirus. However, present diagnostics techniques are used only in few infections. Due to advancement of technology, manufacturers are focused to increase the applicability of diagnostics to other infections and it is expected to fuel the growth of the arbovirus testing.
The research report states that the growth of the global arbovirus market is dependent upon factors such as emergence of arboviruses at a high rate, increased public health challenges and integrated government initiatives are pushing the growth of the global arbovirus testing market. The global market for arbovirus testing is estimated to reach around US$ 1500 Mn by the end of the assessment year (2025) from a valuation of about US$ 970 Mn in 2017. The global market is projected to grow at an above moderate CAGR of 5.6% during the period of forecast.
Public health laboratories show higher inclination for arbovirus testing during 2017-2025 timeline
Public health laboratories have been carrying out arbovirus testing on a large scale across the globe. The public health laboratory segment in the end user category is the largest in terms of value. The revenue generated by this segment is higher than any other segment and this scenario is likely to continue over the assessment period. The public health laboratory segment is estimated at around US$ 335 Mn in 2017 and is anticipated to reach a valuation of about US$ 540 Mn by the end of the year of assessment (2025). The public health laboratory segment is projected to grow at a value CAGR of 5.6% during the period of forecast. This segment dominates the global market in terms of value and growth rate and thus largely contributes to the growth of the overall arbovirus testing market.
Hospitals to show a 1.4x increase in revenue from 2017 till 2025
Hospitals segment in the end user category is anticipated to show a significant valuation by the end of the year of assessment. This segment is valued at about US$ 315 Mn in 2017 and is estimated to reach a valuation of more than US$ 450 Mn by the end of the assessment year (2025). The hospital segment is expected to grow at a comparatively slow rate and is projected to register a value CAGR of 4.6% during the period of forecast, 2017-2025. This segment is the second largest with respect to value.
Revealing a holistic perspective
A recent market analysis on global arbovirus testing market has been carried out by Persistence Market Research that has systematically presented numerous facts and figures in its in-depth publication titled “Arbovirus Testing Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. It covers several facets of the global market across key regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. A global market representation is depicted which will enable the reader to get a detailed glimpse of the global market based on which new strategies can be devised and executed based on the target audience. This report gives an in depth analysis on the various factors present in the global market which have an influence over the market expansion. Various opportunities and trends are also sketched which will decide the future prospects in the arbovirus testing market along with drivers that have a direct influence over the growth of the market. Analysis on market restraints is also included in this research study that can assist in slating detours to avoid hurdles in the market and plan an organized growth path in the coming years. A holistic approach with in-depth analysis just a click away, is what the research delivers.
Uniqueness in research methodology
A unique research process is followed at Persistence Market Research which is used to draw conclusions with the help of accurate statistical representations. Primary and secondary research are the two main arms of the research methodology applied here. Secondary research gives a direction to carry out further research based on the well-defined market definition. Primary interviews are conducted to gain deep insights on the market segments. Key acumen from market observers, opinion leaders and subject matter experts are also gleaned and the data points so obtained are cross verified during every primary interview thus ensuring the validated data to achieve a near 100% accuracy.
Decisions are always dependent upon situations, which can change due to any factor in the market, competition being one such aspect. A separate section on competitive scenario is available in the global arbovirus testing market research report that analyses the key market players involved in the market activities. Information on the various products and services (product portfolio), distribution channels, expansion in various geographies, growth strategies, marketing plans and promotion tactics, mergers and acquisitions taking place or taken place in the recent past, etc., are few the many important aspects that are analyzed about the key players present in the global arbovirus testing market.
What does the report deliver?
The global arbovirus testing market research study delivers valuable insights and the credibility of the research report lies in this actionable intelligence that it provides, which can be used to establish a global footprint. Just a click away, the reader can avail information on any segment, any region and any technology. Real time analysis has increased the weightage of the research giving an all-inclusive angle to the market study which assists the viewers in chalking important corporate strategies pertaining to price, place and promotion along with regional forecasts.