The Respiratory Syncytial Virus (RSV) Diagnostic Market is Segmented by Product (Kits and Reagents, Instruments, and Others), Method (Molecular Diagnostics, Rapid Antigen Detection Tests, Immunoassays, Flow Cytometry, Chromatography), End User (Hospitals and Clinics, Clinical Laboratories, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global Respiratory Syncytial Virus market size was estimated at USD 1.05 billion in 2023 and is projected to reach USD 2.2 billion in 2030 at a CAGR of 10.4% during the forecast period 2023-2030.
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The respiratory virus known as respiratory syncytial virus (RSV) attacks the lungs and bronchioles. The majority of children become unwell from it by the age of two, making it one of the prevalent causes of childhood disease. Adults can also contract RSV. Pneumonia and bronchitis are among the more serious RSV infections. One of the main drivers of market expansion is the rising sickness rate.
Modern technologies like bio- and nanotechnology are helping to develop current RSV detection procedures including the western blot, enzyme-linked immunosorbent test (ELISA), direct immunofluorescence, and real-time polymerase chain reaction (PCR). In addition, government organizations from many nations provide funding for R&D initiatives to create novel treatments.
An increase in the number of clinical vaccination studies, an increase in the need for in-vitro diagnostics, an increase in the prevalence of pediatric pneumonia, and an increase in the usage of molecular diagnostics are other factors anticipated to propel the market.
The prominent players in the Respiratory Syncytial Virus market are
· BIOMERIEUX
· Abbott
· F. Hoffman La. Roche Ltd
· Danaher
· Thermo Fisher Scientific Inc.
· Luminex Corporation
· BioCartis, Hologic, Inc.
· Fast Track Diagnostics Luxembourg S.à r.l.
· Beckman Coulter Inc.
· Ortho-Clinical Diagnostics
· Bio-Rad Laboratories Inc.
· DiaSorin S.p.A.
· Becton, Dickinson and Company
· AbbVie, Inc.
· AstraZeneca PLC
· Atea Pharmaceuticals
· Bausch Health Companies Inc.
· Celltrion Inc.
· Enanta Pharmaceuticals, Inc and More
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Recent Developments
In April 2022, Allplex RV Master Assay acquired the European CE-IVD certification and clearance from Australia's Therapeutic Goods Administration, according to a release from Seegene Inc. in April 2022. It can discriminate between two kinds of respiratory syncytial viruses and 21 targets for 19 distinct respiratory viruses.
In March 2022, SARS-CoV-2, influenza A and B, respiratory syncytial virus, and Pandemic Response Lab (PRL), a wholly-owned subsidiary of Opentrons Labworks Inc., introduced a condensed respiratory panel in March 2022. (RSV).
The Respiratory Syncytial Virus Market is segmented into various segments such as Product, Method, End User, Drug type, Dosage Form, Distribution channel, and region:
Based on Product
· Kits and Assays
· Instruments
· Others
Based on the Method
· Molecular Diagnostics
· Rapid Antigen Detection Tests
· Immunoassays
· Flow Cytometry
· Chromatography
· Others
Based on the End User
· Hospitals and Clinics
· Clinical Laboratories
· Others
Based on Drug type
· Ribavirin
· Synagis
· Virazole
· Palivizumab
· Riba Tab
· Others
Based on Dosage Form
· Oral
· Injectable
· Inhaler
· Other
Based on Distribution Channel
· Hospital pharmacies
· Drug Stores
· Retail pharmacies
· Clinics
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