Global POC RSV Testing Market 2018-2022
About this market
The growing need for company diagnostics is expected to drive growth in the market. Companion diagnostics are necessary to understand the need of the patient and give personalized medicine. This practice has been trending recently and will thus become a good opportunity to penetrate POC products in the market. Technavio’s analysts have predicted that the POC RSV testing market will register a CAGR of more than 7% by 2022.
Market Overview
Increase in the incidence and prevalence of RSV infections
The incidence rate of RSV has been high across the globe owing to the ever-increasing air pollution and offsets of the seasons, thus leading to temperature imbalances in the environment. In the US, RSV infections lead to the hospitalization of more than 57,000 patients and two million outpatient visits every year among children below five years.
Product recalls
When products lead to patient injury or fatalities, manufacturers either voluntarily recall them from the market, or regulatory authorities suspend the sales of the faulty devices. Product recalls affect the sales and earnings of a vendor.
For the detailed list of factors that will drive and challenge the growth of the POC RSV testing market during the 2019-2023, view our report.
Competitive Landscape
With the presence of several companies including Abbott and BD, the competitive environment is quite intense. Factors such as the rising demand for POC RSV testing, especially from the developing countries and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to POC RSV testing manufactures. Abbott, BD, F. Hoffmann-La Roche, Thermo Fisher Scientific, and bioMérieux are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. Several POC RSV testing companies are focused on initiating various M&A strategies to develop and market POC products to meet the high volume of demand from across the globe.’
PRESS RELEASE
Technavio Announces the Publication of its Research Report – Global POC RSV Testing Market 2019-2023
Technavio recognizes the following companies as the key players in the global POC RSV testing market: Abbott, BD, F. Hoffmann-La Roche, Thermo Fisher Scientific, and bioMérieux.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing need for company diagnostics.”
According to the report, one of the major drivers for this market is the Increase in the incidence and prevalence of RSV infections.
Further, the report states that one of the major factors hindering the growth of this market is the product recalls.
Companies Mentioned
Abbott
BD
bioMérieux
F. Hoffmann-La Roche
Thermo Fisher Scientific
- Executive summary
- Scope of the report
- Research methodology
- Market landscape
- Market ecosystem
- Table Parent market
- Table Global POC testing market segmentation
- Market characteristics
- Table Market characteristics
- Market segmentation analysis
- Table Market segments
- Market ecosystem
- Market sizing
- Market definition
- Table Market definition: Inclusions and exclusions checklist
- Market sizing 2017
- Table Market size 2017
- Table Validation techniques employed for market sizing 2017
- Market size and forecast 2017-2022
- Table Global POC RSV testing market - Market size and forecast 2017-2022 ($ mn)
- Table Global POC RSV testing market - Year-over-year growth 2018-2022 (%)
- Market definition
- Five forces analysis
- Table Five forces analysis 2017
- Table Five forces analysis 2022
- Bargaining power of buyers
- Table Bargaining power of buyers
- Bargaining power of suppliers
- Table Bargaining power of suppliers
- Threat of new entrants
- Table Threat of new entrants
- Threat of substitutes
- Table Threat of substitutes
- Threat of rivalry
- Table Threat of rivalry
- Market condition
- Table Market condition - Five forces 2017
- Market segmentation by product
- Segmentation by product
- Table Global POC RSV testing market by product - Market share 2017-2022 (%)
- Comparison by product
- Table Comparison by product
- Consumables - Market size and forecast 2017- 2022
- Table Global POC RSV testing market by consumables - Market size and forecast 2017-2022 ($ mn)
- Table Global POC RSV testing market by consumables - Year-over-year growth 2018-2022 (%)
- Systems - Market size and forecast 2017-2022
- Table Global POC RSV testing market by systems - Market size and forecast 2017-2022 ($ mn)
- Table Global POC RSV testing market by systems - Year-over-year growth 2018-2022 (%)
- Market opportunity by product
- Table Market opportunity by product
- Segmentation by product
- Customer landscape
- Table Customer landscape
- Regional landscape
- Geographical segmentation
- Table Global POC RSV testing market - Market share by geography 2017-2022 (%)
- Regional comparison
- Table Regional comparison
- Americas - Market size and forecast 2017-2022
- Table POC RSV testing market in Americas - Market size and forecast 2017-2022 ($ mn)
- Table POC RSV testing market in Americas - Year-over-year growth 2018-2022 (%)
- Table Top 3 countries in Americas
- EMEA - Market size and forecast 2017-2022
- Table POC RSV testing market in EMEA - Market size and forecast 2017-2022 ($ mn)
- Table POC RSV testing market in EMEA - Year-over-year growth 2018-2022 (%)
- Table Top 3 countries in EMEA
- APAC - Market size and forecast 2017-2022
- Table POC RSV testing market in APAC - Market size and forecast 2017-2022 ($ mn)
- Table POC RSV testing market in APAC - Year-over-year growth 2018-2022 (%)
- Table Top 3 countries in APAC
- Market opportunity
- Table Market opportunity
- Geographical segmentation
- Decision framework
- Drivers and challenges
- Market drivers
- Table Recent POC RSV testing product approvals and their market impact analysis
- Market challenges
- Table Recalls of POC RSV devices
- Market drivers
- Market trends
- Growing need for companion diagnostics
- Growing partnerships
- Technological advances
- Vendor landscape
- Overview
- Table Vendor landscape
- Landscape disruption
- Table Landscape disruption
- Overview
- Vendor analysis
- Vendors covered
- Table Vendors covered
- Vendor classification
- Table Vendor classification
- Market positioning of vendors
- Table Market positioning of vendors
- Abbott
- Table Abbott - Overview
- Table Abbott - Business segments
- Table Abbott - Organizational developments
- Table Abbott - Geographic focus
- Table Abbott - Segment focus
- Table Abbott - Key offerings
- Table Abbott - Key customers
- BD
- Table BD - Overview
- Table BD - Business segments
- Table BD - Organizational developments
- Table BD - Geographic focus
- Table BD - Segment focus
- Table BD - Key offerings
- Table BD - Key customers
- bioMérieux
- Table bioMérieux - Overview
- Table bioMérieux - Business segments
- Table bioMérieux - Organizational developments
- Table bioMérieux - Geographic focus
- Table bioMérieux - Segment focus
- Table bioMérieux - Key offerings
- Table bioMérieux - Key customers
- F. Hoffmann-La Roche
- Table F. Hoffmann-La Roche - Overview
- Table F. Hoffmann-La Roche - Business segments
- Table F. Hoffmann-La Roche - Organizational developments
- Table F. Hoffmann-La Roche - Geographic focus
- Table F. Hoffmann-La Roche - Segment focus
- Table F. Hoffmann-La Roche - Key offerings
- Table F. Hoffmann-La Roche - Key customers
- Thermo Fisher Scientific
- Table Thermo Fisher Scientific - Overview
- Table Thermo Fisher Scientific - Business segments
- Table Thermo Fisher Scientific - Organizational developments
- Table Thermo Fisher Scientific - Geographic focus
- Table Thermo Fisher Scientific - Segment focus
- Table Thermo Fisher Scientific - Key offerings
- Table Thermo Fisher Scientific - Key customers
- Vendors covered
- Appendix
- List of abbreviations
- Explore Technavio
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