Serological Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Serology tests are blood tests that measure the levels of specific antibodies in the blood against particular bacteria, viruses, and any other foreign particle. It reveals whether a person has been exposed to a particular pathogen by looking at their immune response. It has wide applications in diagnostic laboratories to detect infectious diseases, blood group typing, and diagnosis of autoimmune disorders. These tests can provide detail about disease prevalence in a population by identifying individuals who have developed antibodies to the virus. Different types of serological tests and techniques are available for the diagnosis of various disease conditions.

MARKET SCOPE

The "Global Serological Testing Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the serological testing market with detailed market segmentation by test type, application, end user, and geography. The report provides key statistics on the market status of the leading serological testing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on test type, the global serological testing market is segmented into primary serological tests, secondary serological tests and tertiary binding tests.
- Based on application, the market is segmented into rotavirus infections, hepatitis, HIV, endotoxins, therapeutic drug monitoring and other infectious diseases.
- On the basis of end-users, the market is bifurcated into hospitals, diagnostic laboratories, blood banks, academic and research institutes and others.

MARKET DYNAMICS
Drivers:

- Rising prevalence and increasing incidence rates of acute and infectious diseases such as tuberculosis, hepatitis, and HIV/AIDS worldwide drive the serological testing market growth.
- New product development and approvals of serological tests for various bacterial and viral infections and the growing prevalence of hepatitis C infection boost market growth.
- Rapidly increasing Covid-19 cases, growing geriatric population, and increasing awareness regarding various infectious and acute diseases fuel market growth.
- Rising R&D investment for Covid-19 analysis kits and increasing technological advancements of serological testing propel market growth.

Restraints:

- Strict government regulations.
- High cost of serological tests.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The serological testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the serological testing market in these regions.

IMPACT OF COVID-19 ON SEROLOGICAL TESTING MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The Covid-19 pandemic caused disruptions in almost all industries and all regions of the world. Although considering the serology testing market, the serology testing demand has increased because it can help quantify the number of COVID-19 cases, including those who may have been asymptomatic and recovered. Moreover, the rising need to prevent the COVID-19 pandemic spread enhances the demand for the serological testing market. Therefore, the above-mentioned factors have influenced the market growth in the pandemic period.

Serological Testing Market Report Analysis

Serological Testing Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Serological Research Institute (SERI)
• Abbott
• BD
• F. Hoffmann La-Roche Ltd
• Thermo Fisher Scientific, Inc.
• Randox Laboratories Ltd
• Beckman Coulter, Inc.
• Creative Diagnostics
• ELITechGroup

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Test Type

• Primary Serological Tests
• Secondary Serological Tests
• Tertiary Binding Tests

By Application

• Rotavirus Infections
• Hepatitis
• HIV
• Endotoxin
• Therapeutic Drug Monitoring
• Other Infectious Diseases

By End Users

• Hospitals
• Diagnostic Laboratories
• Blood Banks
• Academic and Research Institutes

MARKET PLAYERS

The report covers key developments in the serological testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from serological testing market are anticipated to have lucrative growth opportunities in the future with the rising demand for serological testing in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the serological testing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Serological Research Institute (SERI)
- Abbott
- BD
- F. Hoffmann La-Roche Ltd
- Thermo Fisher Scientific, Inc.
- Randox Laboratories Ltd
- Beckman Coulter, Inc.
- Creative Diagnostics
- ELITechGroup
- Quest Diagnostics

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Serological Testing Market Report Scope