Europe Virology Market Forecast from 2016 to 2021 | Industry Outlook and Future Opportunities
Added: (Tue Feb 27 2018)
Pressbox (Press Release) -
The Europe Virology Market 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 Europe 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.
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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 Europe Virology market is segmented on the basis of 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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The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe region had the highest CAGR owing to improved healthcare infrastructure, increasing access to diagnostics, and growing affordability of diagnostic tests for viral.
Boehringer Ingelheim Corporation, Merck and Co. Inc, GlaxoSmithKline plc, Abbott Laboratories, Novartis International AG, Siemens, Johnson & Johnson, AstraZeneca AB, and Roche. are the some of the key players in the Europe Virology market.
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