Market Size of Arbovirus Testing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.86 Billion |
| Market Size (2029) | USD 1.14 Billion |
| CAGR (2024 - 2029) | 5.92 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Arbovirus Testing Market Analysis
The Arbovirus Testing Market size is estimated at USD 0.86 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 5.92% during the forecast period (2024-2029).
- The major factors accounting for the growth of the arbovirus testing market are the increasing rate of incidence and prevalence of Arbovirus throughout the world, recent advancements in technology, and emerging rapid Serology Tests that may drive the arbovirus testing market during the forecast period.
- For example, WHO has reported that the number of dengue cases reported increased over 15-fold over the last two decades, from 505,430 cases in 2000 to over 2,400,138 in 2010 and 3,312,040 in 2015. Deaths from 2000 to 2015 increased from 960 to more than 4032, which strongly supports the increase in the incidence of arboviral diseases.
- Thus, the incidence rate of Arboviral diseases drives the growth of the arbovirus testing market during the forecast period. However, the lack of in vitro facilities, lack of awareness, and limited availability of diagnostic testing procedures may restrain the studied market's growth during the forecast period.
