Market Overview

Virology Market is projected to achieve a value of USD 3.1 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 4.97 Billion by 2033 with a CAGR of 5.62% during the forecast period 2024-2033.

The global industry devoted to the investigation, identification, management, and prophylaxis of viral illnesses is included in the virology market. It covers studies, medications, medical diagnostics, and viral vaccinations. Emerging viral dangers including HIV, influenza, and the COVID-19 pandemic have driven research and development efforts and resulted in significant growth in the market. The virology industry is divided into three major segments: vaccine development, antiviral medications, and diagnostic technologies. Government spending and public health programs also have a significant impact on how the market behaves. Owing to the persistent difficulties caused by viral illnesses, the virology industry is developing and growing.

The World Health Organization (WHO) published a factsheet in January 2018 that states that the combined effects of all influenza varieties generate epidemics that result in between 3 and 5 million cases of severe disease each year, which accounts for between 290 000 and 650 000 fatalities globally. While most diagnostic tests are fast, PCR-based methods are also being utilized to identify influenza.

Furthermore, it is anticipated that developments in antiviral therapy—including improved detection methods, drugs, and vaccines—will propel the market for virology testing. There is a global search on to discover new vaccines and medications to treat diseases resistant to viruses. For example, in Phase II trials, AiCuris' investigational medication Pritelivir for the herpes simplex virus (HSV) has shown to be highly successful when compared to the current conventional antiviral therapies for genital herpes. Worldwide, a great deal of research has been done on the treatment of highly contagious viral diseases like Dengue, Malaria, and Ebola.

The development of new technologies for the diagnosis and treatment of viral diseases may facilitate market growth. For example, the technology of nanoscale viral trap molecules, now undergoing investigation, may have applications in the diagnosis of viral diseases. Using a novel adjustable technology, viruses are selectively trapped and detected with a sensitivity 100 times higher than existing methods. Another medication based on nanoparticles that is being studied to treat viral diseases is called Double-stranded RNA Activated Caspase Oligomerizer (DRACO).

The market for virology has been significantly influenced by the COVID-19 outbreak. It expedited the creation, testing, and manufacturing of vaccinations, antiviral medications, and diagnostic tools. Rapid vaccine development and distribution resulted from close collaboration between pharmaceutical firms and research universities. The rise in government funding and public health programs demonstrated the significance of virology in pandemic preparedness. Patient care has changed as telemedicine and remote monitoring have become more popular. On the other hand, resource competitiveness and supply chain interruptions presented difficulties. The epidemic brought to light the vital role that the virology market plays in maintaining global health, spurring innovation, boosting funding, and raising public awareness of the significance of virology research and solutions.

Market Scope

Market Dynamics

Market Drivers

The prevalence of viral diseases

The prevalence of viral infections is one of the key factors propelling the growth of the virology market. Emerging infections including COVID-19, hepatitis, HIV/AIDS, and influenza are driving the demand for innovative vaccines, state-of-the-art therapies, and advanced diagnostics. Due of the necessity of continual research and development to combat newly developing virus strains and outbreaks, this ubiquity motivates investments in virology. The need to address these health risks as soon as possible and the search for better treatments and diagnostics, which is stimulating innovation and expanding virology research and solutions, are driving the market's growth.

Advancements in technology

Technological developments are driving the virology industry by transforming research, diagnosis, and therapy. Precision medicine techniques are made possible by advances such as CRISPR gene editing, next-generation sequencing, and high-throughput screening, which speed up the development of antiviral drugs. These technologies improve the speed, accuracy, and sensitivity of virus detection—all important during epidemics. Furthermore, sophisticated platforms support vaccine development and enable quick reactions to newly discovered viruses. The market is being driven towards more effective interventions and better outcomes in the fight against viral illnesses by the continuous evolution and use of state-of-the-art instruments, which also facilitate expert collaboration and expedite virology research.

Market Restrains

Regulatory Challenges

Regulatory restrictions are a significant impediment to the virology market, impeding the timely introduction of innovative products. Strict approval processes and complex legal frameworks sometimes result in extended waiting times and costs for medical and diagnostic clearances. Strict safety and efficacy standards, albeit necessary, can result in lengthy delays in the release of novel antiviral drugs and diagnostics. These barriers disproportionately affect smaller companies with fewer resources, which limits their ability to bring cutting-edge virology products to market rapidly and stifles innovation and expansion in the sector at large.

Market- By Product Type Analysis

By Product Type, the Virology Market is Categories into Diagnosing Test, Viral Infection Controlling Methods, Antiviral Chemotherapy, Interferons. The Diagnosing Test segment accounts for the largest share of around 42% in 2022.

This is because there is a growing need for early viral infection diagnosis, including for COVID-19, influenza, and HIV.

Market- By Application Analysis

By Application, the Virology Market is Categories into Skin and Soft Tissue Infections, Respiratory Tract Infections, GI Tract Infections, Urinary Tract Infections, Eye Infections, CNS Infections, Sexually Transmitted Diseases, Perinatal Infections. The Respiratory Tract Infections segment accounts for the largest share of around 36% in 2022.

The respiratory tract infections industry has a big influence on the virology business because respiratory viruses, like influenza, respiratory syncytial virus (RSV), and coronaviruses, are so prevalent. The prevalence of these viral illnesses poses a serious threat to world health, increasing the need for diagnostic equipment, immunizations, and antiviral drugs.

Market- By End User Analysis

By End User, the Virology Market is Categories into Hospitals, Clinics, Laboratories. The Hospitals segment accounts for the largest share of around 35% in 2022.

Hospitals play a major part in the delivery of healthcare, which accounts for their significant market share in virology. They are essential hubs for the diagnosis, treatment, and management of viral infections, making them major consumers of virology-related products and services. Hospitals handle epidemics, conduct regular testing, and provide critical care during pandemics. They require a range of virology solutions, including equipment and immunizations, antiviral drugs, and diagnostic testing.

Market-Regional Analysis

North America dominate the Virology Market with the highest revenue generating market with share of more than 43%. The region is renowned for its robust R&D capabilities, sophisticated healthcare system, and significant investments in virology research. Furthermore, North America has led the way in the fight against viral infections due to a high demand for immunizations, antiviral drugs, and diagnostic tests.

The Asia-Pacific virology market is anticipated to grow rapidly due to several favorable aspects. Its big and diverse population makes it particularly susceptible to many viral infections, necessitating the ongoing development of virology-related treatments. In addition, the growing economies in the region are making significant investments in R&D and expanding their infrastructure related to healthcare. Furthermore, Asia-Pacific has contributed significantly to the development of virology expertise and innovation in response to viral pandemics such as SARS and COVID-19.

Competitive Analysis

The Virology Market is dominated by a few large companies, such as GlaxoSmithKline plc, Abbott Laboratories, Boehringer Ingelheim Corporation, Merck and Co. Inc., Trinity Biotech, Johnson & Johnson, Roche, AstraZeneca AB, Novartis International AG, Siemens and others.

There are some of the key trends that are shaping the competitive landscape of the Virology Market.

In May 2022, The Q-POC SARS-CoV-2, Flu A/B & RSV Assay is the newest respiratory panel test offered by QuantuMDx Group Limited. Operating on the multiplex-capable Q-POC platform, this novel assay is designed to function. This development makes it possible for users to perform quick point-of-care testing in a variety of clinical and non-clinical contexts.

Research Report Following Segments:

By Product Type

·         Diagnosing Test

·         Viral Infection Controlling Methods

·         Antiviral Chemotherapy

·         Interferons

By Application

·         Skin and Soft Tissue Infections

·         Respiratory Tract Infections GI Tract Infections

·         Urinary Tract Infections

·         Eye Infections

·         CNS Infections

·         Sexually Transmitted Diseases

·         Perinatal Infections

By End User

·         Hospitals

·         Clinics

Laboratories

1.      Global Virology Market Introduction and Market Overview

1.1.   Objectives of the Study

1.2.   Global Virology Market Scope and Market Estimation

1.2.1.      Global Virology Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.      Global Virology Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.   Market Segmentation

1.3.1.      Component of Global Virology Market

1.3.2.      Technology of Global Virology Market

1.3.3.      End-user of Global Virology Market

1.3.4.      Region of Global Virology Market

2.      Executive Summary

2.1.   Global Virology Market Industry Trends under COVID-19 Outbreak

2.1.1.      Global COVID-19 Status Overview

2.1.2.      Influence of COVID-19 Outbreak on Global Virology Market Industry Development

2.2.   Market Dynamics

2.2.1.      Drivers

2.2.2.      Limitations

2.2.3.      Opportunities

2.2.4.      Impact Analysis of Drivers and Restraints

2.3.   Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.   Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.   Porter’s Five Forces Analysis

2.5.1.      Bargaining Power of Suppliers

2.5.2.      Bargaining Power of Buyers

2.5.3.      Threat of Substitutes

2.5.4.      Threat of New Entrants

2.5.5.      Competitive Rivalry

2.6.   Value Chain / Ecosystem Analysis

2.7.   Russia-Ukraine War Impacts Analysis

2.8.   Economic Downturn Analysis

2.9.     Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Virology Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Virology Market Estimates & Forecast Trend Analysis, by PRODUCT TYPE

4.1.   Global Virology Market Revenue (US$ Mn) Estimates and Forecasts, by PRODUCT TYPE, 2019 to 2033

4.1.1.      Diagnosing Test

4.1.2.      Viral Infection Controlling Methods

4.1.3.      Antiviral Chemotherapy

4.1.4.      Interferons

5.      Global Virology Market Estimates & Forecast Trend Analysis, by Application

5.1.   Global Virology Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1.      Skin and Soft Tissue Infections

5.1.2.      Respiratory Tract Infections GI Tract Infections

5.1.3.      Urinary Tract Infections

5.1.4.      Eye Infections

5.1.5.      CNS Infections

5.1.6.      Sexually Transmitted Diseases

5.1.7.      Perinatal Infections

6.      Global Virology Market Estimates & Forecast Trend Analysis, by End-user

6.1.   Global Virology Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 to 2033

6.1.1.      Hospitals

6.1.2.      Clinics

6.1.3.      Laboratories

7.      Global Virology Market Estimates & Forecast Trend Analysis, by Region

7.1.   Global Virology Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1.      North America

7.1.2.      Europe

7.1.3.      Asia Pacific

7.1.4.      Middle East & Africa

7.1.5.      South America

8.      North America Virology Market: Estimates & Forecast Trend Analysis

8.1.   North America Virology Market Assessments & Key Findings

8.1.1.      North America Virology Market Introduction

8.1.2.      North America Virology Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.  By PRODUCT TYPE

8.1.2.2.  By Application

8.1.2.3.  By End-user

8.1.2.4.  By Country

8.1.2.4.1.   The U.S.

8.1.2.4.2.   Canada

8.1.2.4.3.   Mexico

9.      Europe Virology Market: Estimates & Forecast Trend Analysis

9.1.   Europe Virology Market Assessments & Key Findings

9.1.1.      Europe Virology Market Introduction

9.1.2.      Europe Virology Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.  By PRODUCT TYPE

9.1.2.2.  By Application

9.1.2.3.  By End-user

9.1.2.4.      By Country

9.1.2.4.1.   Germany

9.1.2.4.2.   U.K.

9.1.2.4.3.   France

9.1.2.4.4.   Italy

9.1.2.4.5.   Spain

9.1.2.4.6.   Russia

9.1.2.4.7.   Rest of Europe

10.  Asia Pacific Virology Market: Estimates & Forecast Trend Analysis

10.1. Asia Pacific Market Assessments & Key Findings

10.1.1.  Asia Pacific Virology Market Introduction

10.1.2.  Asia Pacific Virology Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.  By PRODUCT TYPE

10.1.2.2.  By Application

10.1.2.3.  By End-user

10.1.2.4.  By Country

10.1.2.4.1.              China

10.1.2.4.2.              Japan

10.1.2.4.3.              India

10.1.2.4.4.              Australia

10.1.2.4.5.              South Korea

10.1.2.4.6.              ASEAN

10.1.2.4.7.              Rest of Asia Pacific

11.  Middle East & Africa Virology Market: Estimates & Forecast Trend Analysis

11.1. Middle East & Africa Market Assessments & Key Findings

11.1.1.  Middle East & Africa Virology Market Introduction

11.1.2.  Middle East & Africa Virology Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.  By PRODUCT TYPE

11.1.2.2.  By Application

11.1.2.3.  By End-user

11.1.2.4.  By Country

11.1.2.4.1.                 U.A.E.

11.1.2.4.2.                 Saudi Arabia

11.1.2.4.3.                 Egypt

11.1.2.4.4.                 South Africa

11.1.2.4.5.                 Rest of Middle East & Africa

12.  South America Virology Market: Estimates & Forecast Trend Analysis

12.1. South America Market Assessments & Key Findings

12.1.1.  South America Virology Market Introduction

12.1.2.  South America Virology Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.  By PRODUCT TYPE

12.1.2.2.  By Application

12.1.2.3.  By End-user

12.1.2.4.  By Country

12.1.2.4.1.              Brazil

12.1.2.4.2.              Argentina

12.1.2.4.3.              Colombia

12.1.2.4.4.              Rest of South America

13.  Competition Landscape

13.1. Global Virology Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2. Global Virology Market Competition White Space Analysis, By End-user

13.3. Global Virology Market Competition Heat Map Analysis, By End-user

13.4. Global Virology Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                    GlaxoSmithKline plc.

14.1.1.  Company Overview & Key Stats

14.1.2.  Financial Performance & KPIs

14.1.3.  Product Portfolio

14.1.4.  Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.     Abbott Laboratories

14.3.     Boehringer Ingelheim Corporation

14.4.     Merck and Co. Inc.

14.5.     Trinity Biotech

14.6.     Johnson & Johnson

14.7.     Roche

14.8.     AstraZeneca AB

14.9.     Novartis International AG

14.10. Siemens 

14.11. others

15.  Research Methodology

15.1. External Transportations / Databases

15.2. Internal Proprietary Database

15.3. Primary Research

15.4. Secondary Research

15.5. Assumptions

15.6. Limitations

15.7. Report FAQs

16.  Research Findings & Conclusion