Monkeypox Testing Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
The global monkeypox testing market was valued at approximately USD 350 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2028. This growth is driven by the increasing prevalence of monkeypox outbreaks and the heightened focus on disease surveillance and diagnostics. The market's expansion is further supported by advancements in diagnostic technologies and the growing awareness of the importance of early detection in managing viral outbreaks. The rising investment in healthcare infrastructure and the development of new and improved testing methodologies are expected to contribute significantly to market growth over the forecast period.Emerging markets present significant opportunities for expansion in the monkeypox testing sector. Regions with emerging economies are experiencing improvements in healthcare infrastructure, which supports the deployment of advanced diagnostic tools. Additionally, the increasing incidence of zoonotic diseases in these areas is likely to drive demand for efficient and accessible testing solutions. Market players are expected to explore these regions to capitalize on the growing need for enhanced diagnostic capabilities and to address the gaps in disease management and surveillance. The growing focus on global health security and the potential for future outbreaks will further accelerate the demand for monkeypox testing solutions.
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Aegis Sciences Corp.
Laboratory Corp. of America Holdings
Quest Diagnostics
Inc.
Sonic Healthcare Ltd.
QIAGEN
Mayo Clinic Laboratories
Chembio Diagnostics
Inc.
Sonora Quest Laboratories
Thermo Fisher Scientific
BD
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Monkeypox Testing Market
Hospitals & Clinics
Diagnostic Laboratories
Others
Based on Types the Market is categorized into Below types that held the largest Monkeypox Testing market share In 2023.
Polymerase Chain Reaction (PCR)
Lateral Flow Assay (LFA)
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Monkeypox Testing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Monkeypox Testing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Monkeypox Testing Market, By Type
6. Global Monkeypox Testing Market, By Application
7. Global Monkeypox Testing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Monkeypox Testing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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