Fact.MR, a global research firm, in its latest report on the global Nipah virus testing market will exhibit a steady CAGR in 2021 & beyond.
Fact.MR, a global research firm, in its latest report on the global Nipah virus testing market will exhibit a steady CAGR in 2021 & beyond. Growth of the Nipah virus testing can be primarily attributed to the unexpected outbreaks of Nipah virus infection. Increase in research & development, WHO support as well as government funding in the area of Nipah virus treatment and testing is encouraging the growth of the industry.
“Nipah virus testing kits are produced addressing, the unexpected occurrences of the infection, together with the requirement to make them accessible promptly in necessitated regions where the infection was seen increasing for prompt diagnosis of the virus. With more r&d put into the identification of the virus, the economies can control the pervasiveness of the infection with improved and advanced testing kits. These augmentations can introduce huge changes in the industry globally.” states Fact.MR.
Surging Commercialization of the Kits due to Spread of the Disease
With the increasing spread of Nipah virus as well as the awareness about being vigilant with the infectious infection, has given rise to increasing number of testing kits to be presented to the market. Nipah virus testing has exhibited a splurge due to the growing incidences of the infection, where novel testing kits are manufactured by companies. The surging need for confronting this worldwide dilemma has anticipated a rise in the commercialization of the testing kits.
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ELISA Kits is likely to Gain Traction
RT PCR based kits have been driving the growth of the industry throughout the assessment period. Several companies such as MyBioSource, Life river, among others provide a CE-marked RT PCR kit for the discovery.
However, ELISA based kit, a testing product provided by Krishgen Biosystems which became the first accessible commercial kit for testing in humans. These kits are sensitive, well-established testing technique which produces results more rapidly in contrast to the RT PCR technique. This is encouraging the demand for ELISA kits in the industry.
Malaysia and India will Remain Lucrative Regions
Malaysia, India, and Australia are a few of the regions that have reported the Nipah infections outbreak whereas Asia-Pacific and a few regions in Africa are majorly at danger of outbreak, turning these regions lucrative in the future.
In India, the fight against Nipah reflected a crucial test of states such as Kerala’s significant public healthcare system which often disregards even basic hospital hygiene. However it also offered an opportunity to the state to lead the worldwide response in battling the outbreak.
Improvement & Advancement of Nipah Virus Testing Kits Remain Prime Focal Areas: Fact.MR Survey
Nipah virus testing market is fairly consolidated. Fact.MR’s survey with thought leaders revealed that advancement and improvement of testing kits will remain key strategies of market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are Krishgen Biosystems, Liferiver and MyBioSource. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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