VIROLOGY TESTING MARKET ANALYSIS
Virology Testing Market - Regional Insights
On the basis of Geography, virology testing market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to dominate the virology testing market over the forecast period. According to the Centers for Disease Control and Prevention (CDC), around 5,251 deaths were reported due to influenza infection in 2015.
According to the National Ambulatory Medical Care Survey: 2015 data findings, around 16.8 million people visit to physician for treatment of infectious and parasitic diseases in U.S. Moreover, according to a study from the Society for Risk Analysis, 2016, GDP loss of a viral pandemic outbreak in the U.S. was recorded between US$ 34.4 billion and US$ 45.3 billion in 2015.
Furthermore, robust healthcare infrastructure and highest healthcare spending in world makes the U.S. most lucrative market. However, Asia Pacific is expected to witness high CAGR due to outbreak of viral influenza and largest patient pool infected with HIV.
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