Virology Market Expected to Expand at a Steady CAGR through 2021 | Market Data F
Posted by rohan on January 31st, 2018
The Global Virology Market Size is worth USD xx million in 2016 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2021. The Global Virology market is developing at an exceptionally quick pace. Virology refers to the study of viruses which are submicroscopic, parasitic particles of genetic material contained in a protein coat and virus-like agents. It mainly focuses on their structure, classification and evolution, their ways to infect and exploit host cells for reproduction, their interaction with host organism physiology and immunity, the they cause, the techniques to isolate and culture them, and their use in research and therapy. Virology is generally considered as subfield of microbiology.
Browse Market data tables and in-depth TOC of the Global Virology Market to 2021 @ https://www.marketdataforecast.com/market-reports/virology-market-5111/
The significant drivers are various treatments and diagnostic processes that use virology application. Increasing applications of virology in gene therapy, phage therapy, formulation of vaccines etc. is also expected to boost the market. Increasing Public awareness programmes conducted worldwide on flu, zika virus, STDs, AIDS, and Ebola virus are also a key factor driving the market. However quality and safety standards is a longstanding challenge, and stringent approval processes for antiviral drugs may limit the growth of this industry.
The Global Virology Market segmentation by Type, application, end user and region. Based on Type the market is segmented into Diagnosing Test, Viral Infection Controlling Methods, Antiviral Chemotherapy, Interferons. Based on Application the market is segmented into Skin and Soft Tissue Infections, GI Tract Infections, Urinary Tract infection, Eye Infections, Respiratory Tract Infections, Sexually Transmitted , Perinatal Infections. STDs, Urinary tract infections, and respiratory tract infections. Based on end user the market is segmented into hospitals, Clinics, Laboratories, Diagnostic Centers, Blood Banks, and Pharmacies. Hospitals and Clinics are largest segment which account for nearly 50% of the market share.
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Geographically, the Virology market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America dominates the market while Europe is second in terms of market share. Asia Pacific is expected to witness significant growth.
Global Virology Market Leaders are Boehringer Ingelheim Corporation, Merck and Co. Inc, GlaxoSmithKline plc, Abbott Laboratories, Novartis International AG, Siemens, Johnson & Johnson, AstraZeneca AB, and Roche.
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Joined: September 20th, 2017
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