Serology Testing Market by Test Type (Primary Serological Tests, Secondary Serological Tests, Tertiary Binding Tests), by Application (Rotavirus Infections, Hepatitis, HIV, Endotoxins, Therapeutic Drug Monitoring, Immunoglobin G, and Others), by Technology (ELISA, NAT, CLIA/CMIA and Others), by End Users (Hospitals, Diagnostic Laboratories, Blood Banks, Academic and Research Institutes, Others), By End User (Hospital and Clinics, Diagnostic Laboratories, Others), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and forecast to 2029

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Serology Testing Market size was valued at USD 4,305.0 million in 2022 and is expected to grow at a CAGR of 14.0% from 2023 to 2029. The serological testing is used to diagnose and analyse various types disease causing viruses like rota virus infection, HIV, endotoxins and other infectious disease causing viruses. The increasing incidence of COVID cases and increasing healthcare expenditure across the globe is expected to drive the growth of serology testing market over the forecasted years. In addition increasing investments in research and developments for COVID analysis kits and the government initiatives supporting the research of this segment is expected to boost the market growth at an significant rate over the forecasted period. Furthermore, rising number of product launches and approval of serology testing kits are expected to fuel the market growth. However, shortage of serology testing kits, strict government regulations regarding the safety and high cost of serology testing kits are expected to hinder the market growth over the forecasted period. Moreover, increasing prevalence of diseases like HIV/AIDS, tuberculosis, hepatitis across the globe, increasing demand for ELISA test across the globe and increasing incidence of tuberculosis in geriatric population is expected to provide opportunities to the key market players in the growth of serology testing market over the forecasted period. Geographically, Asia Pacific region is expected to have a significant growth over the forecasted period due to the increasing awareness about the disease and high rate of infectious disease incidence in countries like India and China and rising per capita healthcare expenditure. The Europe region held the major market share in 2022 and is expected to dominate the global serology testing market in the forecasted years.

Serology Testing Market Key Developments:
In April 2020, Accelerate Diagnostics and Biocheck collaborated to distribute SARS-COV-2 Antibody tests and MS-FAST Chemiluminescence Immunoassay Analyzer.
In March 2020, Chembio Diagnostic Systems Inc launched their product ‘DPP Covid-19 serological test kit.

Serology Testing Market Summary

Study Period

2023 – 2029

Base Year

2022

CAGR

14%

Largest Market

Europe

Fastest Growing Market

North America
Serology Testing Market Dynamics

Serology testing market is expected to grow over the forecasted period owing to the increasing prevalence of infectious disease across the globe. In addition, increasing investments in research and developments for COVID analysis kits and the government initiatives supporting the research of this segment is expected to boost the market growth at an significant rate over the forecasted period. Availability of well-developed healthcare infrastructure in emerging regions such as Europe, Asia Pacific is expected to fuel the market growth over the forecasted period. Furthermore, increase in research and product launches by the key market players is expected to fuel the market growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Serology Testing Market Segmentation

By Test Type
  • Primary Serological Tests
  • Secondary Serological Tests
  • Tertiary Binding Tests
By Application
  • Rotavirus Infections
  • Hepatitis
  • HIV
  • Endotoxins
  • Therapeutic Drug Monitoring
  • Immunoglobin G
  • Others
By Technology
  • ELISA
  • NAT
  • CLIA/CMIA
  • Others
By End User
  • Hospital and Clinics
  • Diagnostic Laboratories
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
LOCATION

Geography

Frequently Asked Questions

Serology Testing market was valued at USD 4,305.0 million in 2022, growing at a 14.0% CAGR from 2023 to 2029

Increasing prevalence of infectious diseases, rising investments in research and developments are expected to drive the growth of serology testing market over the forecasted period.

The leading players in the global Serology Testing market are F. Hoffmann La-Roche Ltd, Thermo Fisher Scientific, Inc., Beckman Coulter, Inc., ELI Tech Group, Becton, Dickinson and Company (BD), Abbott, Randox Laboratories Ltd., Quest Diagnostics, Serological Research Institute., Creative Diagnostics

Europe market is expected to hold major market share in the forecasted period. Followed by Asia Pacific region and North America region.

  • F. Hoffmann La-Roche Ltd
  • Thermo Fisher Scientific, Inc.
  • Beckman Coulter, Inc.
  • ELI Tech Group
  • Becton, Dickinson and Company (BD)
  • Abbott
  • Randox Laboratories Ltd.
  • Quest Diagnostics
  • Serological Research Institute.
  • Creative Diagnostics