The global nipah virus testing market size is expected to reach USD 3,036.68 million by 2032, according to a new study by Polaris Market Research. The report “Nipah Virus Testing Market Share, Size, Trends, Industry Analysis Report, By Sample (Blood, Throat & Nasal Swab, Urine, and Others); By Product Type; By End-User; By Region; Segment Forecast, 2019 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing proliferation towards introducing several new and more advanced point-of-care blood tests and continuously growing demand for immunoassay reagents & kits for the diagnosis purpose coupled with the widespread availability of technologically innovated diagnostic techniques, has been propelling the demand and growth of the market. Growing development of multiplex testing platforms that can detect multiple viruses simultaneously which also could be important for rapid and accurate diagnosis of Nipah virus, is likely to contribute positively towards the market growth.
For instance, in April 2023, Molbio Diagnostics, announced the launch of its new Truenat test, maily developed for H3N2 and H1N1 virus, that is approved by Central Drugs Standard Control Organization and could also provide sample-to-result in just an hour’s time.
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The rapid development of reverse transcription polymerase chain reaction assays by researchers across the globe, that can detect Nipah virus RNA which are highly sensitive and specific, and could detect the virus even in low concentrations is creating huge growth potential for the market. Beside this, surging penetration regarding the use serological assays mainly to discover past or current infections, which can be useful for surveillance and epidemiological studies is likely to foster the market in the near future.
Furthermore, growing integration of AI and ML algorithms in order to help analyze large datasets of Nipah virus genomic information is gaining significant traction in the recent years. These tools are also being widely used by researchers specially to identify key genetic markers of the virus, which could inform the development of better diagnostic tests and treatments.
Nipah Virus Testing Market Report Highlights
Polaris Market Research has segmented the Nipah virus testing market report based on sample, product, end-user, and region:
Nipah Virus Testing, Sample Outlook (Revenue - USD Million, 2019 - 2032)
Nipah Virus Testing, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
Nipah Virus Testing, End-User Outlook (Revenue - USD Million, 2019 - 2032)
Nipah Virus Testing, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 1,940.78 million |
Revenue forecast in 2032 |
USD 3,036.68 million |
CAGR |
5.1% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Sample, By Product Type, By End-User, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key companies |
Lupin Ltd., Starlake Bioscience, MyBioSource, Krishgen Biosystems, Roche Diagnostics, Aurobindo, Novartis AG, Bio-Rad Laboratories Inc., Xaretto, Liferiver, Merck KGaA, Vivacure, Minapharm, Creative Diagnostics, Luminex Corporation, Quidel Corporation, F. Hoffmann-La Roche Ltd., Abbexa Ltd., GenMark Diagnostics Inc., Seegene Inc., and Hologic Inc. |
For Specific Research Requirements |