The global serological testing market plays a crucial role in the diagnosis and analysis of various viruses and diseases, including rotavirus infections, HIV, hepatitis, and other infectious diseases. The market serves healthcare and medical institutes such as diagnostic laboratories, academic and research institutes, hospitals, and blood banks. The rising approvals for new products for testing viral and bacterial infections are expected to drive industry growth in the coming years.
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Key Trends and Drivers The market is influenced by the increasing prevalence of acute and infectious diseases such as HIV/AIDS, hepatitis, and tuberculosis worldwide, as well as the rapid increase in COVID-19 cases. Additionally, the growing elderly population, investments in developing accurate COVID-19 testing kits, and rising awareness about various diseases are driving market growth.
Key Players and Manufacturers Major players in the global serological testing market include Chembio Diagnostic Systems, Inc., Advanced Diagnostics, Inc., Eurofins Scientific, Orth Clinical Diagnostics, F. Hoffman La Roche Limited, and others.
Regional Assessment Europe is expected to lead the global serological testing market due to the rising prevalence of infectious diseases, a growing elderly population, and well-established healthcare infrastructure. Asia Pacific is also anticipated to display significant growth, driven by increased awareness, rising healthcare expenditure, and a large population base, particularly in countries like China and India.