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The monkeypox testing industry is highly competitive, marked by several players striving for market dominance. Providers offer comprehensive storage and analysis with improved efficiency and affordability. This includes advancements in processing, precision, automation, and customization. Competition is driven by factors such as the quality, reliability, and ease of usage along with integration capabilities with existing technologies, and compliance with regulatory standards. Strategic partnerships with companies and healthcare networks play a crucial role in market positioning.
Some of the eminent market participants operating in the monkeypox testing industry include:
The laboratory testing segment of the market accounted for USD 1.1 billion in 2023 due to its ability to provide precise detection of the monkeypox virus for ensuring high sensitivity and specificity.
The global monkeypox testing industry size was valued at USD 1.7 billion in 2023 and is estimated to grow at 4.5% CAGR from 2024 to 2032 due to rapid diagnostic advancements, and growing government support.
Abbott Laboratories, Aegis Sciences Corporation, Applied DNA Sciences, Inc., Becton, Dickinson and Company, BioGX, bioM
The polymerase chain reaction (PCR) segment of the monkeypox testing market is forecasted to reach USD 1.3 billion by 2032 due to its high accuracy, rapid results, established technology, and crucial role in epidemiological studies and outbreak management.