This Serological Testing report gives details about historic data, present market trends, future producs, marketing strategies, technological innovation, upcoming technologies, emerging trends and opportunities. The report endows with market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. Serological Testing report studies rising opportunities in the market and related influencing factors which are valuable for the businesses. It is an essential document for every market enthusiast, policymaker, investor, and market player. 

To succeed in this swiftly changing market place, businesses must take up this Serological Testing market research report solution. This market report looks over the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. The data and information included in this Serological Testing report not only aids business make data-driven decisions but also assures maximum return on investment (ROI). A range of steps are used while generating this Serological Testing report by taking the inputs from a dedicated team of researchers, analysts and forecasters.

Data Bridge Market Research analyses that the serological testing market is expected to reach USD 7.6 billion by 2030, which is USD 4.52 billion in 2022, and is expected to undergo a CAGR of 6.70% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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In 2019, as per the Centers for Diseases Control and Prevention, approximately 34,800 new HIV cases were registered in the U.S. Different serology tests are used to identify antibodies or antigens. Some of the most vital applications for the solutions and products that the market players in the market develop include rotavirus infections, therapeutic drug monitoring, HIV, hepatitis, endotoxins, and other infectious diseases.

Key Growth Drivers:

  • Increasing usage of chemiluminescence immunoassay

The market is witnessing a major shift away from the traditional ELISA method and moving towards the use of CLIA. Disease complications have surged the need to detect smaller target molecules, which leads to the emergence of CLIA. It is used in combination with a directly labelling antigen (antibody) and an indicator such as isoluminol, luminol, or an acridinium ester. The increasing  sensitivity and accuracy of chemiluminescence immunoassay over enzyme-linked immunosorbent assay (ELISA) is anticipated to drive the market growth.

  • Increase in Antibody Test

The antibody test contributes to the market growth. This dominance is due to the benefits of antibody tests and several advancements in the testing of the serological virus. The high demand for other tests such as viral load tests, genotype tests are going to increase in the forecast period because of the improvements and test accuracies and adoption by expert professionals.

The report outlines the involvement of key players, including:

Serological Research Institute (SERI) (U.K.), Chembio Diagnostics, Inc (U.S.), Cellex (U.S.), Randox Laboratories Ltd (U.K.), Abbott (U.S.), Bio-Rad Laboratories Inc. (U.S.), BD (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Ortho Clinical Diagnostics (U.S.), Quest Diagnostics Incorporated (U.S), Abcam Plc (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), ELITechGroup (France), Teleflex Incorporated (U.S.), Grifols, S.A. (U.S.), Global Scientific Company(India), Beckman Coulter, Inc. (U.S.), BIOMEDOMICS INC. (U.S.), Creative Diagnostics (U.S.)

Key Market Segmentation

Test Type (Primary Serological Tests, Secondary Serological Tests, Tertiary Binding Tests), Application (Rotavirus Infections, Hepatitis, HIV, Endotoxins, Therapeutic Drug Monitoring, Other Infectious Diseases), End Users (Hospitals, Diagnostic Laboratories, Blood Banks, Academic and Research Institutes, Others), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other)

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