Virology Market Emerging Trends may Make Driving Growth Volatile 2028

 

Virology is among the significant sections of the healthcare system. It has an extensive application in the vaccine development, diagnostics, treatment therapies, and others. The virology market players are constantly involved in product innovations and developments to sustain the competition in the market. They explore various scopes for product innovations. For instance, for COVID-19, market players are investing significantly in the development of vaccines, testing kits, and other related products and services. Below are a few of the market developments related to the virology market.

Thus, such active participation of the market players through product innovations and governments support in different countries bolsters the growth of the virology market.

According to our latest study on “Virology Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market is projected to reach US$ 5,276.48 million by 2028 from US$ 4,108.27 million in 2021; it is expected to register a CAGR of 3.6% from 2021 to 2028..

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Leading Virology Market Players:

·         Abbott

·         Johnson & Johnson Services, Inc.

·         F. Hoffmann-LA Roche Ltd.

·         Thermo Fisher Scientific, Inc.

·         Qiagen

·         Illumina, Inc.

·         Siemens AG

·         GlaxoSmithKline Plc

·         Gilead Sciences, Inc.

·         AbbVie, Inc.pyright names given on respective websites.

 

Virology Market: Segmental Overview

 

Product-Based Insights

In terms of product, the global Virology market is segmented into consumables and instruments. In 2018, the consumables segment held largest share of the market. Moreover, the same segment is estimated to grow at the highest CAGR during the forecast period.

Application-Based Insights

 

Based on application, the global Virology market is segmented into regenerative medicine and stem cell research, cancer and cell-based research and other applications. The regenerative medicine and stem cell research segment held the largest market share in 2018. Also, the same segment is estimated to register the highest CAGR during the forecast period.

 

End User-Based Insights

In terms of end user, the global Virology market is segmented into biopharmaceutical and biotechnology companies, research institutes, cell banks, and other end users. The biopharmaceutical and biotechnology companies segment held the largest share of the market in 2018, and the same segment is estimated to register the highest CAGR during the forecast period.

 

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Virology Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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