a recent Fact study of the market. According to MR, the global respiratory syncytial virus (RSV) diagnostics market will generate US$ 1.3 Bn in revenue by 2031, growing at a 9% CAGR. By the end of 2031, the market for RSV diagnostic kits and assays is expected to reach a value of US$720 Mn.Rising RSV infection rates, rising demand for molecular diagnostic tests, and rising approvals of RSV diagnostic kits & assays are just a few of the many factors credited with accelerating demand for respiratory syncytial virus diagnostics.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Respiratory Syncytial Virus (RSV) Diagnostics Market both at worldwide and provincial levels.
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Key Companies Profiled
The respiratory syncytial virus diagnostics landscape is highly fragmented in nature. Manufacturers are focusing on technological innovations for speeding up the diagnosis of the respiratory syncytial virus.
Frequent mergers and acquisitions also take place in the market. The acquisition of Sigma Aldrich by Merck KGaA is a classic example.
Key Market Segments Covered in Respiratory Syncytial Virus Diagnostics Industry Research
Demand for molecular testing of RSV infections is increasing in hospitals and reference laboratories. Moreover, a number of Clinical Laboratory Improvement Amendment (CLIA) waivers and U.S. FDA clearances are supporting the adoption of molecular diagnostic tests in physician offices and urgent care clinics.
Since RSV infections have a higher prevalence among infants and young children, adoption of molecular diagnostics is increasing as compared to immunoassays in this patient group
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