The viral disease diagnosis market has been estimated to grow at a rapid speed in the near future. These growth avenues in the global market are commonly attributed to the rising count of deaths across the world owing to numerous viral infectious diseases. Metapneumovirus, coronavirus, poliovirus, enterovirus, measles, HIV-1, avian influenza, and rabies are some of the common diseases that occur due to viral. These rising diseases further result in increased public health concerns and thus boost growth opportunities in the viral disease diagnosis market in the forthcoming years.
Serious pandemics, contagious infections, and common influenza are some of the issues that require clinical prognosis in order to detect infectious agents at an early stage. So, it is essential in order to identify viral pathogens for the prevention of transmission and to use necessary therapy. Along with this, in order to monitor the various effect of therapy, the services from the viral disease diagnosis market play a crucial role.
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Key Challenges in Viral Disease Diagnosis Market
The key players operating in the viral disease diagnosis market are coming up with their research reports related to the industry factors. Some key challenges that are faced in the viral disease diagnosis market include the high cost that is further limiting the use of the diagnostics in different healthcare centers and laboratories. On the flip side, the emergence of microfluidic technology has been attracting different biomedical research groups. This factor is likely to serve as the key potential in the area of viral disease diagnosis. In addition to this, the technology from the viral disease diagnosis market may be cost-effective in order to diagnose the viral disease. Thus, on the basis of these factors, the viral disease diagnosis market has been predicted to grow at a rapid pace in the years to come.
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As COVID-19 continues to affect the global populace, the diagnosis of the novel coronavirus for speedy recovery has become the need of the hour. Therefore, the COVID-19 pandemic may prove to be a growth accelerator for the viral disease diagnosis market. Viruses, including coronaviruses are tiny organisms made up of genetic material–either DNA or RNA. Viral disease diagnosis is significant to alleviate the pandemic risk. The diagnosis helps in identifying the viral pathogens to monitor and apply necessary therapy for treatment and to prevent further transmission of the disease.
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Novel technologies springing up for speedy COVID-19 diagnosis
To enable speedy of COVID-19 testing, assay manufacturers and researchers are coming up with numerous new techniques. For instance, South Korea was able to contain coronavirus cases due to timely and speedy testing with Allplex 2019-nCoV Assay, a testing kit by a Seoul based biotechnology firm, Seegene. Due to speedy testing, South Korea recorded 10284 cases and due to early detection, 6598 patients have successfully recovered. Therefore, it has eventually led to the flattening of the curve of infected patients.
Rapid point-of-care tests are also on the rise. Recently, Cepheid Xpert Xpress, a small portable device for quick screening has been launched. In addition finger prick test such as VivaCheck Biotech’s VivaDiag SARS-CoV-2 IgM/IgG rapid test is also a classic instance describing the rise in rapid testing measures. Such developments further augur the demand for diagnostic kits and will prove to be a boon for increasing the growth rate of the viral disease diagnosis market.
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The COVID-19 pandemic has increased the demand for diagnosis drastically. The World Health Organization (WHO) has also urged all the healthcare agencies to make the testing for COVID-19 pandemic a top priority. This, in turn, increases the demand for viral disease diagnosis testing. In addition, a blend of regulations and quick approvals by governments of various countries will also help the viral disease diagnosis market to a great extent.