Chikungunya Rapid Testing Market

Chikungunya Rapid Testing Market Forecast and CAGR:

According to the latest research by Persistence Market Research, chikungunya rapid testing market is set to witness 7.4% growth during the year 2021-2031. The growth will be seen due to the rising number of infectious mosquitos in the world. Therefore, chikungunya rapid testing market will be expected to grow significantly during the forecast period from 2021 to 2031.

What is Driving Demand for Chikungunya Rapid Testing?

Chikungunya is a mosquito-borne viral disease that results in fever and severe joint pain. The symptoms developed after the bite of 4 to 6 days in humans and the mosquitos bite usually during daytime and outdoors.

Chikungunya rapid testing market is predominantly driven by the rising incidence of chikungunya in the World, increasing awareness among people towards mosquito-transmitted infections, and initiatives taken by the government regarding the prevention and control of mosquitos’ infestation and the disease.

According to European Centre for Disease Prevention and Control, 85,304 cases of chikungunya have been reported globally, the majority from Brazil, India, Malaysia, Belize and Peru as of 30th July 2021.

Therefore, all these factors are responsible for driving the chikungunya rapid testing market during the forecast period from 2021 to 2031 globally.

Expanding R&D Expenses for Treatment and Diagnosis of Chikungunya Likely to Propel the Growth of Chikungunya Rapid Testing Market:

The rapidly increasing research and development on Chikungunya by various scientists are playing a chief role in the growth of chikungunya rapid testing shortly.

According to Pubmed, a better study of virus-host interactions is essential for the development of any therapeutics and vaccines for chikunginya. Also, according to a publication of Nature, a molecule is identified in the cells of humans and few animals that could be a suitable target for drugs discovery against chikungunya virus infection and related diseases. Scientists are more concerned about identifying the most susceptible human traits for chikungunya.

Therefore, rising expenses of R&D will improve the condition of disease in the world and expand the growth of chikungunya rapid testing during the forecast period from 2021 to 2031.

U.S. and Canada Chikungunya Rapid Testing Market Outlook:

U.S. and Canada will remain the foremost players in the chikungunya rapid testing market globally because of the presence of key players in the region. Also, the high number of travellers coming to U.S. from affected areas of the world leads to an increase in the cases of chikungunya in the region.

For instance, according to CDC, there were 29 cases of chikungunya recorded in the U.S. in 2020. 28 cases were recorded in the travellers from the affected region and 1 case from lab transmission.

Therefore, it gives great opportunities to the players of the region to make growth in chikungunya rapid testing during the forecast period from 2021 to 2031.

Europe Demand Outlook for Chikungunya Rapid Testing:

A large number of chikungunya cases were reported in European countries in the last few years. For instance, according to the report of the European Centre for Disease Prevention and Control, in 2020, Italy bore more than 50% of the chikungunya burden.

Therefore, it gives abundant opportunities to the players of the European region to make growth in chikungunya rapid testing during the forecast period from 2021 to 2031.

Who are the Key Manufacturers and Suppliers of Chikungunya Rapid Testing?

Some of the leading manufacturers and suppliers or chikungunya rapid testing include

• Quest Diagnostics Incorporated
• Alere.
• Genome Diagnostics Pvt. Ltd.
• Bio-Rad Laboratories Inc.
• Sanat Products Ltd.
• Taj Pharmaceuticals Limited.
• Inbios India
• Medical Innovation Ventures (Mediven)
• Lumiquick Diagnostics Inc.
• Etubics Corporation.

These companies follow certain strategies to survive in the market like merger & acquisition, new product launch, getting FDA clearance, gaining patents and others. For instance, Select Health of South Carolina and Quest Diagnostics announced they have collaborated to expand Select Health’s laboratory network for its Medicaid and Medicare-Medicaid dual eligible enrollees in April 2021.

Key Segments:

By Technique

• Serological testing techniques
• Molecular testing techniques

By End User

• Hospitals
• Academic Institutes
• Diagnostic Centres
• Research Institutes
• Biotechnology Companies

By Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Chikungunya Rapid Testing Market Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size recent industry trends
• Key Competition landscape
• Strategies for key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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