Global RSV Diagnostics
Market Report
2024
RSV diagnostic market was valued at USD 946.08 million in 2022 and will reach USD 2087.76 million by 2030, registering a CAGR of 10.4% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global respiratory syncytial virus (RSV) diagnostic market was valued at USD 946.08 million in 2022 and will reach USD 2087.76 million by 2030, registering a CAGR of 10.4% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global RSV Diagnostics Market Sales Revenue 2022 | $ 946.08 Million |
Global RSV Diagnostics Market Sales Revenue 2030 | $ 2087.76 Million |
Global RSV Diagnostics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.4% |
Market Split by Product |
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Market Split by End User |
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Market Split by Method |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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RSV Diagnostics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Respiratory syncytial virus (RSV) causes infections of the lungs and respiratory tract that usually cause mild, cold-like symptoms. Most people recover in a week or two, but RSV can be serious, especially for infants and older adults. In adults and older, healthy children, RSV symptoms are mild and typically mimic the common cold. Self-care measures are usually all that has needed to relieve any discomfort. RSV can cause severe infection in some people, including babies 12 months and younger (infants), especially premature infants, older adults, people with heart and lung disease, or anyone with a weak immune system (immunocompromised). The respiratory syncytial virus enters the body through the eyes, nose, or mouth. It spreads easily through the air on infected respiratory droplets. You or your child can become infected if someone with RSV coughs or sneezes near you.
RSV is a disease that influences millions of children each year. Supportive care including nutrition, hydration, clearing of nasal secretions, and oxygen, if needed, remains the mainstay therapy for patients. Good handwashing techniques and contact isolation should be conducted to prevent RSV transmission.
Direct fluorescent antibody (DFA), Rapid antigen detection tests (RADTs) and polymerase chain reaction (PCR) testing, and culture can all be used to find respiratory syncytial virus (RSV). If RSV is the primary concern, DFA testing or RADTs may be used, especially in newborns and kids.
Market dynamics of the respiratory syncytial virus (RSV) diagnostic market:
Driving factors:
The respiratory syncytial virus (RSV), which affects the nose, throat, lungs, and breathing passages, is a common respiratory virus. RSV is communicated by touching surfaces that have been exposed to the virus and then contacting your eyes, nose, or mouth, or by inhaling respiratory droplets (coughing, sneezing, or kissing) from an infected person. RSV is frequently transmitted to kids outside of the house, at school, or in childcare facilities. They can then spread the illness to other family members.
Rapid antigen detection tests (RADTs), direct fluorescent antibody (DFA) and polymerase chain reaction (PCR) testing, and culture can all be used to find respiratory syncytial virus (RSV). If RSV is the primary concern, DFA tests or RADTs may be used, especially in infants and children.
One of two tests is commonly used to diagnose RSV infections:
Rapid RSV antigen testing is the most common RSV test. A sample of mucus from your nose is tested for the detection of certain RSV antigens, which are proteins from the virus. When exposed to RSV antigens, your immune system begins to combat the viral infection. Fast antigen tests can yield results in a few hours or less.
The genetic material from the RSV virus is sought after using molecular assays termed RT-PCRs (polymerase chain reaction). Fewer viruses can be detected by these tests than by antigen assays. Because adults and elderly people typically have less virus in their sinuses than babies and younger children, RT-PCR assays may be used to diagnose them. Usually, samples are sent to a laboratory for examination. A genetic test called a respiratory pathogens panel could occasionally be requested by your doctor. This examination screens for RSV as well as additional respiratory viral and bacterial infections. Therefore, the demand and use of respiratory syncytial virus (RSV) diagnostics in RSV infection can boost the market.
One of the key market drivers is the development of respiratory syncytial virus (RSV) diagnostics. The development of current RSV detection technologies, such as western blot, enzyme-linked immunosorbent assay (ELISA), direct immunofluorescence, and real-time polymerase chain reaction (PCR), will likely be made easier by the development of advanced techniques, including bio- and nanotechnology. RSV diagnostics market expansion is also anticipated to be fueled by quick FDA approvals, public and private funding of the healthcare system, and significant investments in research and development (R&D) programs during the projected year.
The launch of new products and the increasing interest of competitors in this industry is expected to boost the growth of respiratory syncytial virus (RSV) diagnostics. For instance, in May 2023 The Panther Fusion® SARS-CoV-2/Flu A/B/RSV assay from Hologic Inc. received 510(k) clearance from the FDA. It is a molecular diagnostic test that distinguishes between four common respiratory viruses, including RSV, influenza A, influenza B, and SARS-CoV-2.
Restraining factors:
A significant limiting factor for the growth of the global RSV diagnostics market is the high cost of the diagnostic. The field has experienced fast technical advancement, which has also contributed to a specialist talent gap. The lack of qualified professionals severely hinders both handling of instruments and completing procedures.
The high cost of technologically advanced diagnostic devices is a major restraining factor for market growth. The expensive cost of RSV diagnostics also tempts customers away from the new and improved system and towards secondhand systems, which negatively influences their bottom lines.
Impact of COVID- 19 pandemic on the respiratory syncytial virus (RSV) diagnostic market:
Clinicians and researchers have recognized parallels and differences between RSV and severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) during the era of the coronavirus disease 2019 (COVID-19). Public health and social measures (PHSMs), which include personal protective measures including mask use, hand cleanliness, social seclusion, environmental measures, and surveillance and response measures, have been widely implemented throughout the COVID-19 era. PHSMs are crucial in the fight against SARS-CoV-2 transmission. Other respiratory viral illnesses have also been greatly impacted by the introduced PHSMs. Numerous studies have revealed a striking decline in RSV and another common respiratory pathogen occurrence throughout the COVID-19 era.
The COVID-19 pandemic's global expansion has raised demand for quick testing kits. Numerous businesses are giving their RSV diagnosis test kits for testing COVID-19 since the novel coronavirus affects the respiratory system. For instance, Mesa Biotech's Accula gadget, which produces findings for COVID-19 in around 30 minutes, recently received approval from the US FDA. The market for RSV diagnostics is anticipated to expand as a result of the usage of such RSV diagnostic tools for COVID-19 testing.
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Recent developments:
May 2023
The Panther Fusion® SARS-CoV-2/Flu A/B/RSV assay from Hologic Inc. has received 510(k) clearance from the U.S. Food and Drug Administration (FDA). This assay is a molecular diagnostic test that distinguishes between the four most common respiratory viruses, including the respiratory syncytial virus (RSV), influenza A, influenza B, and severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).
May 2023
The lower respiratory tract disease (LRTD) brought on by the respiratory syncytial virus (RSV) in people 60 years of age and older has been approved by the US Food and Drug Administration (FDA), according to a GSK plc announcement. This is the first RSV vaccination for senior citizens to receive worldwide approval.
October 2022
According to a statement from Roche, the FDA has approved the cobas SARS-CoV-2 Qualitative PCR test for use on the fully automated cobas 6800 and cobas 8800 Systems. This stand-alone test is intended for the qualitative detection of SARS-CoV-2, the virus that causes COVID-19 disease, in nasal and nasopharyngeal samples from COVID-19-suspected symptomatic patients as assessed by their healthcare practitioner.
June 2022
The BD MAXTM Respiratory Viral Panel (RVP), a new molecular diagnostic combination test for SARS-CoV-2, Influenza A + B, and Respiratory Syncytial Virus (RSV), has received CE marking by the IVD directive 98/79/EC, according to BD (Becton, Dickinson, and Company), a major global provider of medical technology. If a patient has COVID-19, the flu, or RSV, the test uses a single nose swab or a single nasopharyngeal swab sample to make the diagnosis. It helps reduce the need for numerous tests or doctor visits and enables professionals to immediately implement the best action.
November 2021
The QIAstat-Dx Respiratory 4 Plex Flu A-B/RSV/SARS-CoV-2 test for the QIAstat-Dx system has been launched and CE-marked by QIAGEN. It can be used to quickly determine whether patients have seasonal respiratory illnesses or SARS-CoV-2. In the COVID-19 pandemic, the novel Respiratory 4 Plex Flu A-B/RSV/SARS-CoV-2 test from QIAGEN is a potent diagnostic tool, particularly during influenza-like illness (ILI) or "flu" seasons. It uses the simple-to-use QIAstat-Dx modular cartridge-based system to provide quick results with no further sample preparation.
Top Companies Market Share in RSV Diagnostics Industry: (In no particular order of Rank)
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North America held the largest revenue market share over the other regions in the global respiratory syncytial virus (RSV) diagnostic market:
The rising incidence of respiratory syncytial virus infections in the region, expanding R&D activities, rising investments, and support for government initiatives and key market players' initiatives are the main factors propelling the growth of the North American respiratory syncytial virus (RSV) market. Due to their excellent accuracy, sensitivity, and specificity, chromatographic immunoassays and molecular diagnostics are the two main products used in the region and their demand is rapidly rising. Growing numbers of strategic alliances between pharmaceutical industry leaders and in vitro diagnostic manufacturing companies are expected to make this a profitable market by highlighting the enormous potential.
Accuracy and speedy results from improved diagnostic tests are anticipated to hasten market expansion in the area. Europe is a prosperous continent as well. The market size in developed nations in Europe and North America is projected to increase due to the significant healthcare burden of respiratory syncytial virus infection in these nations.
The current report Scope analyzes RSV Diagnostics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global RSV Diagnostics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing RSV Diagnostics Industry growth. RSV Diagnostics market has been segmented with the help of its Product, End User Method, and others. RSV Diagnostics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By this method, molecular diagnostics accounted largest revenue share in the global medical device market.
By method segments market into immunoassays, molecular diagnostics, flow cytometry, rapid antigen detection tests, and chromatography, in which molecular diagnostics held the largest share of the market.
Polymerase chain reaction (PCR) molecular diagnostics examine for genetic material from the RSV virus in your sample. Compared to antigen tests, these types of tests can detect smaller viral concentrations. Therefore, RT-PCR testing may be utilized on adults and older children as they often have lower levels of the virus in their noses than babies and younger children do. Typically, samples are sent to a lab for analysis. Your doctor may occasionally request a molecular test known as a respiratory pathogens panel. This test simultaneously examines RSV, other respiratory viruses, and bacterial diseases. Increasing adoption of molecular diagnostics to boost the respiratory syncytial virus diagnostics market, Owing to the Increasing burden of infectious diseases.
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By End Users, hospitals and clinics dominated the worldwide medical devices market revenue share
End-user segments the market into hospitals & clinics, laboratories, and home care. The segment of hospitals and clinics held the largest share of the market.
Because more patients are choosing to visit hospitals and clinics to check for illnesses and the RSV virus. Additionally, growing demand for RSV detection among newborns and the geriatric population, as well as increased usage of point of care (POC) molecular diagnostic instruments in hospitals & clinics in developing countries, have fuelled the segment's market expansion. While the homecare category is anticipated to expand at the quickest, rate over the projection period since it offers more affordable care than hospitalization and has access to experts with the necessary training.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the RSV Diagnostics market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global RSV Diagnostics Market is witnessing significant growth in the near future.
In 2023, the Instruments segment accounted for noticeable share of global RSV Diagnostics Market and is projected to experience significant growth in the near future.
The Hospitals and Clinics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott , Becton and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Instruments, Kits and Reagents, Others |
End User | Hospitals and Clinics, Clinical Laboratories, Homecare, Others |
Method | Immunoassays, Molecular Diagnostics, Flow Cytometry, Rapid Antigen Detection Tests, Chromatography |
List of Competitors | Abbott, BIOMERIEUX (France), Becton, Dickinson and Company, Merck KGaA, DiaSorin Molecular LLC, F. Hoffman La. Roche Ltd, Danaher, bioMérieux SA, Thermo Fisher Scientific Inc., Luminex Corporation, Quest Diagnostics Incorporated, BioCartis, Hologic, Inc., Fast Track Diagnostics Luxembourg S.à r.l., Beckman Coulter Inc., Ortho-Clinical Diagnostics, Bio-Rad Laboratories Inc. Quidel Corporation, DiaSorin S.p.A. |
This chapter will help you gain GLOBAL Market Analysis of RSV Diagnostics. Further deep in this chapter, you will be able to review Global RSV Diagnostics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America RSV Diagnostics Market Trends North America RSV Diagnostics Technological Road Map North America RSV Diagnostics Market Drivers North America RSV Diagnostics Market Restraints North America RSV Diagnostics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Method Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global RSV Diagnostics market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Instruments have a significant impact on RSV Diagnostics market? |
What are the key factors affecting the Instruments and Kits and Reagents of RSV Diagnostics Market? |
What is the CAGR/Growth Rate of Hospitals and Clinics during the forecast period? |
By type, which segment accounted for largest share of the global RSV Diagnostics Market? |
Which region is expected to dominate the global RSV Diagnostics Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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Additional Quantitative Data |
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