RSV Diagnostics Market Definition
RSV stands for Respiratory Synctical Virus It is very commonly found in paediatrics very contagious, virus that infects the respiratory tract. Even a certain low level of infection can lead to serious life-threatening problems such as pneumonia or bronchiolitis. Therefore the early diagnosis is essential to prevent the disease and save lives. Different devices like kits, analyzers are available in the market which used to detect and diagnosed this disease.
The market study is broken down by Type (Kits and Assays, Instruments and Other Products), by Application (Detection of RSV and Prevention RSV) and major geographies with country level splits.
There is strong competition between leading firms as this product is more helpful in paediatrics more than other age group consumers. Paediatric care is one of the sensitive topics which require all attention. Therefore leading firms launching easy to use point care devices and user-friendly devices. The competition is high as the new products are launching and also there is one threat of launching vaccines for RSV treatment reason why companies wanted to make a profit in present as in future if the introduction of vaccines then it will difficult to earn good business.
Abbott (United States), Becton, Dickinson and Company (United States), Roche (Switzerland), Danaher Corporation (Cepheid Inc) (United States), Thermo Fisher Scientific (United States), Sekisui diagnostics (United States), Vela Diagnostic (Singapore), Biomérieux (France), Luminex (United States), Biocartis (Belgium) and Hologic (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global RSV Diagnostics market by Type, Application and Region.
On the basis of geography, the market of RSV Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Hospitals and Clinics will boost the RSV Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Patient, the sub-segment i.e. Infants will boost the RSV Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by RSV type, the sub-segment i.e. Type A will boost the RSV Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Rapid antigen detection tests (RADTs) will boost the RSV Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 12th February 2020 BD and Babson Diagnostics Announce Strategic Partnership Agreement to Enable Small-Volume Blood Collection for Diagnostic Testing in Retail Settings BD (Becton, Dickinson and Company), a leading global medical technology company and Babson Diagnostics, a transformative diagnostic blood-testing company, today announced a long-term strategic partnership agreement to bring laboratory-quality, small-volume blood collection to retail pharmacies. The partnership reflects emerging health care trends toward faster, less expensive laboratory testing in customer-friendly health care settings with more convenient hours and locations, as well as rapid growth in the diagnostic testing market.
On 12th November 2019, BD Submits Pre-Market Approval Supplement to FDA for BD Onclarity HPV Test with Extended Genotyping Capabilities BD (Becton, Dickinson and Company) a leading global medical technology company, announced that it has submitted a pre-market approval (PMA) supplement to the U.S. Food and Drug Administration (FDA) for an expanded version of its BD Onclarity HPV Assay. The FDA-approved BD Onclarity HPV Assay detects 14 types of high-risk human papillomavirus (HPV) from specimens collected for cervical cancer screening in the BD SurePath Collection Vial.
The US FDA prescribes the following guidelines regarding assist sponsors in the clinical development of drugs for the treatment and prevention of disease caused by respiratory syncytial virus (RSV) infection. Guidance is intended to serve as a focus for continued discussions among the Division of Antiviral Products (DAVP), pharmaceutical sponsors, the academic community, and the public. This guidance focuses primarily on the development of drugs with the antiviral mechanism for RSV-related illness in infants and young children (e.g., bronchiolitis) but also briefly discusses development for other populations. The sections of this guidance that discuss nonclinical development are intended to guide drug development for both prophylaxis and treatment. It also regulates medical devices for diagnosis of RSV disease.
Market Trend
- Medication Called Palivizumab Prevent RSV Infections And Protect
Market Drivers
- Increasing Respiratory Syncytial Virus
- High-Risk Babies From Serious Complications Of RSV Infection Can Cause Fatal
- Increasing Demand For Point Care Diagnosis
Opportunities
- Most Common Disease Found In Pediatrics
Restraints
- Test Is only Accurate Till 80% To 90%
- High cost associated with the product
Challenges
- On-Going Study on RSV vaccines
Key Target Audience
Manufacturers and vendors of respiratory syncytial virus diagnostic, Research associations, Research and consulting firms, Distributors of respiratory syncytial virus diagnostic products, Contract manufacturers of diagnostic products, Healthcare institutions and Research institutes
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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