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Monkeypox Testing Market

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    Report

  • 118 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724155
The global monkeypox testing market size is expected to reach USD 1,968.47 million by 2030, according to a new study. The report “Monkeypox Testing Market Share, Size, Trends, Industry Analysis Report, By Technology (PCR, LFA, and Others); By End Use; By Region; Segment Forecast, 2022-2030” delivers a thorough understanding of the dynamics of the market now and analyses how the market will grow in the future.

Rising cases of monkeypox and awareness among individuals, particularly in developed economies favor market growth. As per the statistics published by the WHO, as far as January 2021, around 2,000 people have had monkeypox in 42 non-endemic countries. To increase the diagnosis rate, in June 2022, Cepheid & BioGX collaborated to develop a PCR test for monkeypox testing, using the former’s GeneXpert system. Currently, there are more than 40, 000 GeneXpert systems being used across the globe.

As of October 2022, the WHO has documented 75,348 cases and 33 fatalities from monkeypox in 109 nations, territories, and regions linked to the global outbreak of 2022. The Americas continue to have the largest number of new cases per area.

Rapid and precise results produced by the PCR technique make it possible to link the growth of this sector to the spread of PCR testing. The great majority of test kits available use PCR-based analysis as well. PCR diagnostic tools have been an excellent detection tool which was primarily used detection tool in the COVID-19 pandemic.

For faster diagnosis, companies are allocating automated systems and funds to tackle the situation in a better way. In line with this, in May 2022, Qiagen, introduced NeuMoDx automated PCR platform, to improve surveillance & disease outbreaks in non-endemic regions. Similarly, in August 2022, VIIV, an entity of the GSK allocated USD 50,000 in funds to support testing, awareness, and patient outreach for monkeypox in community settings, within the US.

Monkeypox Testing Market Report Highlights

  • In 2021, due to its widespread availability and quick turnaround times, the PCR technology category made for the biggest portion of total revenue.
  • During the study period, the hospitals & clinics are anticipated to register the highest growth rate, due to high patient admissions.
  • The global monkeypox testing market is highly competitive owing to the existence of large market players with a global presence including Aegis Sciences Corp, BD, Chembio Diagnostics, Laboratory Corp, Mayo Clinic Laboratories, QIAGEN, Quest Diagnostics, Sonia Healthcare, Sonora Quest Laboratories, Thermo Fisher Scientific.

The publisher has segmented the monkeypox testing market report based on technology, end-use, and region:

Monkeypox Testing, Technology Outlook (Revenue - USD Million, 2018 - 2030)

  • Polymerase Chain Reaction (PCR)
  • Lateral Flow Assay
  • Others

Monkeypox Testing, End-use Outlook (Revenue - USD Million, 2018 - 2030)

  • Hospitals and Clinics
  • Diagnostics and Laboratory
  • Others

Monkeypox Testing, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Monkeypox Testing Market

What is the estimated value of the Monkeypox Testing Market?

The Monkeypox Testing Market was estimated to be valued at $1386.87 million in 2022.

What is the growth rate of the Monkeypox Testing Market?

The growth rate of the Monkeypox Testing Market is 4.5%, with an estimated value of $1968.47 million by 2030.

What is the forecasted size of the Monkeypox Testing Market?

The Monkeypox Testing Market is estimated to be worth $1968.47 million by 2030.

Who are the key companies in the Monkeypox Testing Market?

Key companies in the Monkeypox Testing Market include Aegis Sciences Corp, BD, Chembio Diagnostics Inc., Laboratory Corp. of America Holdings, Mayo Clinic Laboratories, QIAGEN, Quest Diagnostics Inc, Sonia Healthcare Ltd and Thermo Fisher Scientific..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Monkeypox Testing Market Insights
4.1. Monkeypox Testing Market - Industry Snapshot
4.2. Monkeypox Testing Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing prevalence of monkeypox cases
4.2.1.2. Advancements in diagnosis research
4.2.2. Restraints and Challenges
4.2.2.1. Difficulty in determining the cause of the spread
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Monkeypox Testing Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Monkeypox Testing Market, by Technology
5.1. Key Findings
5.2. Introduction
5.2.1. Global Monkeypox Testing, by Technology, 2018 - 2030 (USD Million)
5.3. Polymerase chain reaction (PCR)
5.3.1. Global Monkeypox Testing Market, by Polymerase chain reaction (PCR), by Region, 2018 - 2030 (USD Million)
5.4. Lateral Flow Assay (LFA)
5.4.1. Global Monkeypox Testing Market, by Lateral Flow Assay (LFA), by Region, 2018 - 2030 (USD Million)
5.5. Others
5.5.1. Global Monkeypox Testing Market, by Others, by Region, 2018 - 2030 (USD Million)

6. Global Monkeypox Testing Market, by End-Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
6.3. Hospitals & Clinics
6.3.1. Global Monkeypox Testing Market, by Hospitals & Clinics, by Region, 2018 - 2030 (USD Million)
6.4. Diagnostics Laboratories
6.4.1. Global Monkeypox Testing Market, by Diagnostics Laboratories, by Region, 2018 - 2030 (USD Million)
6.5. Others
6.5.1. Global Monkeypox Testing Market, by Others, by Region, 2018 - 2030 (USD Million)

7. Global Monkeypox Testing Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Monkeypox Testing Market Assessment, By Geography, 2018 - 2030 (USD Million)
7.3. Monkeypox Testing Market - North America
7.3.1. North America: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.3.2. North America: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.3.3. Monkeypox Testing Market - U.S.
7.3.3.1. U.S.: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.3.3.2. U.S.: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.3.4. Monkeypox Testing Market - Canada
7.3.4.1. Canada: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.3.4.2. Canada: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4. Monkeypox Testing Market - Europe
7.4.1. Europe: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.2. Europe: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.3. Monkeypox Testing Market - UK
7.4.3.1. UK: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.3.2. UK: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.4. Monkeypox Testing Market - France
7.4.4.1. France: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.4.2. France: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.5. Monkeypox Testing Market - Germany
7.4.5.1. Germany: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.5.2. Germany: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.6. Monkeypox Testing Market - Italy
7.4.6.1. Italy: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.6.2. Italy: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.7. Monkeypox Testing Market - Spain
7.4.7.1. Spain: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.7.2. Spain: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.8. Monkeypox Testing Market - Netherlands
7.4.8.1. Netherlands: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.8.2. Netherlands: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.4.9. Monkeypox Testing Market - Russia
7.4.9.1. Russia: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.4.9.2. Russia: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5. Monkeypox Testing Market - Asia Pacific
7.5.1. Asia Pacific: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.2. Asia Pacific: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5.3. Monkeypox Testing Market - China
7.5.3.1. China: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.3.2. China: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5.4. Monkeypox Testing Market - India
7.5.4.1. India: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.4.2. India: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5.5. Monkeypox Testing Market - Malaysia
7.5.5.1. Malaysia: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.5.2. Malaysia: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5.6. Monkeypox Testing Market - Japan
7.5.6.1. Japan: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.6.2. Japan: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5.7. Monkeypox Testing Market - Indonesia
7.5.7.1. Indonesia: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.7.2. Indonesia: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.5.8. Monkeypox Testing Market - South Korea
7.5.8.1. South Korea: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.5.8.2. South Korea: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.6. Monkeypox Testing Market - Middle East & Africa
7.6.1. Middle East & Africa: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.6.3. Monkeypox Testing Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.6.3.2. Saudi Arabia: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.6.4. Monkeypox Testing Market - UAE
7.6.4.1. UAE: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.6.4.2. UAE: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.6.5. Monkeypox Testing Market - Israel
7.6.5.1. Israel: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.6.5.2. Israel: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.6.6. Monkeypox Testing Market - South Africa
7.6.6.1. South Africa: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.6.6.2. South Africa: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.7. Monkeypox Testing Market - Latin America
7.7.1. Latin America: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.7.2. Latin America: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.7.3. Monkeypox Testing Market - Mexico
7.7.3.1. Mexico: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.7.3.2. Mexico: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.7.4. Monkeypox Testing Market - Brazil
7.7.4.1. Brazil: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.7.4.2. Brazil: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)
7.7.5. Monkeypox Testing Market - Argentina
7.7.5.1. Argentina: Monkeypox Testing Market, by End-Use, 2018 - 2030 (USD Million)
7.7.5.2. Argentina: Monkeypox Testing Market, by Technology, 2018 - 2030 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Aegis Sciences Corp
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. BD
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Chembio Diagnostics
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Laboratory Corp
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Mayo Clinic Laboratories
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. QIAGEN
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Quest Diagnostics
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Sonia Healthcare
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Sonora Quest Laboratories
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Thermo Fisher Scientific
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

Companies Mentioned

  • Aegis Sciences Corp
  • BD
  • Chembio Diagnostics Inc.
  • Laboratory Corp. of America Holdings
  • Mayo Clinic Laboratories
  • QIAGEN
  • Quest Diagnostics Inc
  • Sonia Healthcare Ltd
  • Sonora Quest Laboratories
  • Thermo Fisher Scientific.