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Serological tests are blood tests conducted to detect and measure the concentration of antibodies against particular bacteria, virus, and any other foreign particle. Serological tests are widely used for the diagnosis of different types of bacterial, fungal, as well as viral infections. These tests have wide applications in diagnostic laboratories for the detection of infectious diseases, blood group typing, and diagnosis of autoimmune disorders. Different types of serological tests and techniques such as immunoassay tests, agglutination tests, and precipitation tests are available for the diagnosis of various disease conditions.

The global serological testing market is projected to be driven by high prevalence and rise in incidence rates of acute as well as infectious diseases such as hepatitis, tuberculosis, and HIV/AIDS across the world. According to statistical data published by hiv.gov, around 36.7 million people were living with HIV/AIDS across the globe in 2016. Moreover, the prevalence of hepatitis C infection was estimated to be around 71 million globally in 2017. New product development and approvals for serological tests for a variety of bacterial and viral infections are likely to drive the global serological testing market during the forecast period. However, high cost of serological tests and stringent government regulations are expected to hamper the growth of the global market during the forecast period.

The global serological testing market can be segmented based on type of serological test, application, end-user, and region. In terms of type of serological test, the global serological testing market can be classified into primary serological tests, secondary serological tests, and tertiary binding tests. The primary serological tests segment can be categorized based on marker techniques into enzyme linked immunosorbent assay (ELISA), immunoflurescent antibody technique (IFAT), and radio immunoassay (RIA). The secondary serological tests segment can be divided into agglutination tests, complement fixation tests (CFT), precipitation tests, serum neutralization tests (SNT), and toxin-antitoxin tests. The primary serological tests segment is projected to dominate the global serological testing market during the forecast period. In terms of application, the global serological testing market can be segmented into rotavirus infections, hepatitis, HIV, endotoxins, therapeutic drug monitoring, and other infectious diseases. The hepatitis segment is anticipated to expand at the highest CAGR during the forecast period. Based on end-user, the global serological testing market can be classified into hospitals, diagnostic laboratories, blood banks, academic & research institutes, and others.

Geographically, the global serological testing market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is projected to account for the largest share of the global serological testing market owing to high prevalence of infectious diseases, well-established health care infrastructure, rise in number of geriatric population, and increase in awareness about various infectious and acute diseases in the region. North America is anticipated to account for the second largest share of the global serological testing market by 2026. Increase in the geriatric population, high prevalence and rise in incidence rates of HIV/AIDS, hepatitis, and other retroviral infections in the region contribute to the high share of the region. The serological testing market in Asia Pacific is expected to expand at the highest CAGR during the forecast period owing to large population with infectious diseases in countries such as India and China, increase in awareness, and surge in per capita health care expenditure in the region.

The global serological testing market is highly fragmented, with large number of manufacturers holding prominent share in respective regions. Key players operating in the global serological testing market include Serological Research Institute (SERI), Chembio Diagnostic Systems, Inc., Advanced Diagnostics, Inc., Randox Laboratories Ltd., Eurofins Scientific, Becton, Dickinson and Company, Quest Diagnostics, ELITechGroup, Immucor, Thermo Fisher Scientific, Inc., Beckman Coulter, Inc. (subsidiary of Danaher Corporation), Creative Diagnostics, and Grifols.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Serological Testing Market

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