Businesses are boosting the efficacy and precision of diagnostic solutions on the market by using technology innovations, says Fact.MR in its new market research report.

The global herpes markers testing market size is predicted to rise at a CAGR of 6.1% and reach US$ 817.5 million by 2034. Due to the increasing incidence of herpes infection, the market for herpes marker testing is anticipated to develop significantly and reach US$ 452.9 million in 2024. The Herpes simplex virus, generally addressed as HSV, is highly infectious and can provoke recurrent outbreaks of painful blisters or cold sores. With no cure currently available, the need for efficient treatment options has become increasingly crucial, driving the growth of the herpes markers testing market.

The market primarily involves developing and commercializing diagnostic tests that accurately detect viral antibodies or antigens in patients' blood samples. Such tests play a vital role in determining the virus's presence, monitoring its progression, and evaluating the effectiveness of treatment options. As the global incidence of herpes infections continues to rise, the demand for such diagnostic tests is expected to increase, making the herpes markers testing market a significant player in the healthcare industry.

The rising incidence of STDs and the excellent pipeline prospects for novel therapeutics are expected to drive substantial growth in the global market for treatments for these disorders in the years to come. The herpes markers testing industry is anticipated to benefit from this increased upsurge.

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Key Takeaways from the Market Study:

• The global herpes markers testing market is expected to grow at a 6.1% CAGR through 2034.
• With a significant CAGR of 6.3% through 2034, the market for herpes markers testing in North America is predicted to expand.
• The industry for herpes diagnosis in East Asia is projected to grow at a CAGR of 5.9% until 2034.
• In 2024, the United States herpes treatment market is estimated to command 73.6%.
• China is anticipated to have 49.0% of the worldwide market by 2024 for herpes markers testing.

“The rising prevalence of herpes infection worldwide is expected to fuel considerable growth in the herpes marker testing market in the following decade. In addition, a strong pipeline and ongoing research and development initiatives are expected to generate plenty of growth opportunities for the industry. However, strict laws by countries worldwide will probably make it difficult for the herpes marker testing sector to develop,” States the Fact.MR. Analyst

Expanding Research and Development Drives the Global Herpes Markers Testing Industry

The market for herpes marker testing is expected to grow significantly over the next decade due to the rising incidence of herpes infections worldwide. The industry is mainly driven by clinical diagnostics rather than research objectives, which has led to a sizable market share and growth rate.

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The herpes marker testing market is highly competitive, with numerous players operating at both regional and international levels. To expand their customer base in different regions, manufacturers and distributors employ various strategies such as acquisitions, mergers, expansions, product launches, and adopting new technologies. These tactics help to strengthen their grip on the market and maintain their position in the face of intense competition.

Key Companies Profiled-

Abbott Laboratories; Abcam Plc; Thermo Fisher Scientific; F. Hoffmann-La Roche Ltd.; DiaSorin S.p.A.; Quidel Corporation; Luminex Corporation; Merck KGaA; Qiagen N.V.; Norgen Biotek Corp.; Hologic Inc.; Bio Rad Laboratories Inc.; Meridian Bioscience Inc; Teco Diagnostics; BioMaerieux SA

Industry News-

In October 2023, Gilead Sciences and Assembly Biosciences collaborated to discover new antiviral treatments, initially concentrating on Assembly Bio's well-established areas of hepatitis B, HDV, and herpesviruses.

In August 2023, David Chu and Uma Singh from the University of Georgia developed and patented a chemical that could potentially treat varicella-zoster virus, herpes-causing shingles, and chickenpox.

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