Serological Testing Market to Experience Substantial Growth of 7.6 Billion By 2030

The Serological Testing report provides comprehensive insights into historical data, current market trends, forthcoming products, marketing strategies, technological advancements, upcoming technologies, emerging trends, and potential opportunities. It offers region-specific market potential assessments, considering factors such as growth rates, macroeconomic indicators, consumer behavior, product preferences, market dynamics, and supply-demand scenarios. This report explores burgeoning opportunities in the market and the factors that influence them, making it an indispensable resource for market enthusiasts, policymakers, investors, and industry players.

In the rapidly evolving marketplace, businesses need to embrace this Serological Testing market research report as an essential solution. This report evaluates the market by examining general market conditions, progress, scenarios, development prospects, cost structures, and profit margins in specific market segments. The data and insights contained within this Serological Testing report not only empower businesses to make informed decisions but also ensure a maximized return on investment (ROI). To create this report, a dedicated team of researchers, analysts, and forecasters collaboratively employs a range of methodologies and data sources.

Data Bridge Market Research analyses that the serological testing market is expected to reach USD 7.6 billion by 2030, which is USD 4.52 billion in 2022, and is expected to undergo a CAGR of 6.70% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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In 2019, as per the Centers for Diseases Control and Prevention, approximately 34,800 new HIV cases were registered in the U.S. Different serology tests are used to identify antibodies or antigens. Some of the most vital applications for the solutions and products that the market players in the market develop include rotavirus infections, therapeutic drug monitoring, HIV, hepatitis, endotoxins, and other infectious diseases.

Key Growth Drivers:

• Increasing usage of chemiluminescence immunoassay

The market is witnessing a major shift away from the traditional ELISA method and moving towards the use of CLIA. Disease complications have surged the need to detect smaller target molecules, which leads to the emergence of CLIA. It is used in combination with a directly labelling antigen (antibody) and an indicator such as isoluminol, luminol, or an acridinium ester. The increasing  sensitivity and accuracy of chemiluminescence immunoassay over enzyme-linked immunosorbent assay (ELISA) is anticipated to drive the market growth.

• Increase in Antibody Test

The antibody test contributes to the market growth. This dominance is due to the benefits of antibody tests and several advancements in the testing of the serological virus. The high demand for other tests such as viral load tests, genotype tests are going to increase in the forecast period because of the improvements and test accuracies and adoption by expert professionals.

The report outlines the involvement of key players, including:

Serological Research Institute (SERI) (U.K.), Chembio Diagnostics, Inc (U.S.), Cellex (U.S.), Randox Laboratories Ltd (U.K.), Abbott (U.S.), Bio-Rad Laboratories Inc. (U.S.), BD (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Ortho Clinical Diagnostics (U.S.), Quest Diagnostics Incorporated (U.S), Abcam Plc (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), ELITechGroup (France), Teleflex Incorporated (U.S.), Grifols, S.A. (U.S.), Global Scientific Company(India), Beckman Coulter, Inc. (U.S.), BIOMEDOMICS INC. (U.S.), Creative Diagnostics (U.S.)

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Key Market Segmentation

Test Type (Primary Serological Tests, Secondary Serological Tests, Tertiary Binding Tests), Application (Rotavirus Infections, Hepatitis, HIV, Endotoxins, Therapeutic Drug Monitoring, Other Infectious Diseases), End Users (Hospitals, Diagnostic Laboratories, Blood Banks, Academic and Research Institutes, Others), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other)

The Serological Testing market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

1. North America: United States, Canada, and Mexico.
2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
5. South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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