Monkeypox (Mpox) Diagnosis Market, By Test Type (Polymerase Chain Reaction (PCR) Tests, Serological Tests, Antigen Detection Tests, and Viral Culture Tests), By Mode (Laboratory Testing and Point of Care Testing), By Component (Hardware and Software), By End User (Hospitals and Clinics, Diagnostic Laboratories, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Nov 2024

Code : CMI7495

Pages :145

Formats :

Excel and PDF

Industry : Pharmaceutical

Market Concentration and Competitive Landscape

Monkeypox (Mpox) Diagnosis Market Concentration By Players

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Top Strategies Followed by Global Monkeypox (Mpox) Diagnosis Market Players

Established players have invested heavily in R&D to innovate industry-leading diagnostic solutions. Major companies like Abbott Laboratories and QIAGEN allocate over 15% of annual revenues to develop advanced products like polymerase chain reaction-based tests with higher accuracy and rapid turnaround times.
Mid-level players stay competitive through cost-effective strategies. Companies like Siemens Healthineers focus on affordability without compromising quality. Their portfolio includes affordable immunoassays and antigen tests priced 20-30% lower than market leaders.
Smaller participants have found niche success through technological differentiation. Abbott excels in portable diagnostics using microfluidics. Their handheld molecular diagnostic device provides lab-quality Mpox detection from non-clinical settings within an hour.

Emerging Startups in the Global Monkeypox (Mpox) Diagnosis Market

Several startups are bringing innovative technologies. Erba Transasia Diagnostics applies AI to digitally analyze patient samples, reducing diagnostic time from days to minutes. Qiagen leverages pathogen genomics, with databases to track virus evolution, aiding vaccine and therapeutic development.

Sustainability-focused startups are also emerging. Chembio Diagnostics, Inc. produces biodegradable test kits from renewable materials like bagasse and cornstarch. Their production process utilizes solar power, lowering carbon footprint by 60%.

Startups effectively address niche needs. While larger firms focus on general public health, sonic healthcare aids research through high-throughput mPox testing solutions. They partnered with universities developing animal models, expediting non-human primate studies.

Collaborations are also key for startups. Hologic Inc. joined a government incubator program, gaining expertise and pilot funding and the opportunity to trial their microarray-based test.

Key Players Insights