Every year, thousands of deaths are been recorded owing to numerous viral infectious diseases. Few of the viral diseases include avian influenza, rabies, measles, HIV-1, poliovirus, enterovirus, Metapneumovirus, and the latest coronavirus. Viral disease diagnosis is vital to curb the risk of disease outbreaks and to offer treatment in a suitable way. Elevated viral disease burden carries on to be a public distress around the globe.
The rising inclination toward the self-analysis of viral diseases and the rise in the recognition of novel, infectious viruses are key aspects anticipated to propel the growth of the global viral disease diagnosis market during the forecast period. For instance, the most recent novel coronavirus outbreak has called for the need to analyze and test huge counts of patients for likely Sars-Cov-2 infection. This is expected to drive the market growth in the coming period to a greater extent. In addition, R&D in viral disease diagnosis is projected to generate several opportunities for the market players. Apart from this, development of accurate rapid screening tests with enhanced detection time is also anticipated to drive the growth of the global viral disease diagnosis market.
Furthermore, accessible diagnostic tests for disease diagnosis and the increase in alertness regarding viral infections are expected to boost the market growth in the years to come. Nevertheless, dearth of experienced professionals and escalated diagnosis price are few of the key aspects projected to hamper the market growth to some extent. Also, strict regulations concerning the approval for viral disease diagnostic tests are anticipated to obstruct the market growth.
To cite, in early May 2020, Quidel Corp. received a green light from FDA for its an antigen to screen the novel coronavirus. Now, healthcare providers will be soon capable of deploying at scale a rapid, cost-effective, and simpler diagnostic test for the identification of novel coronavirus infection, a key development and new hope to providing growth opportunities for the global viral disease diagnosis market.
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