The Virology Market is expected to reach $2, 318 million by 2023 at a CAGR of 5.4%

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Virology Market 2018 - 2023

• The Virology Market is expected to reach 2, 318
  million by 2023 at a CAGR of 5.4.

2
North America dominates the Virology Market

• North America will dominate the Virology
  Market in the coming years. It is expected to
  reach 1051.86 million by 2023 at a CAGR of
  4.3. In the US, technological advancements such
  as enhanced healthcare infrastructure, evolution
  of portable diagnostic equipment, and increased
  affordability elevate the growth of the virology
  in the region. The increasing awareness towards
  viral infections due to the campaigns conducted
  by the government is increasing the rate of
  vaccination in the US. In Canada, contagious
  diseases such as influenza and pneumonia in the
  cold regions of the country. In Mexico, growing
  incidences of viruses such as Ebola, Zika, and
  Hepatitis elevate the growth of the Virology
  Market in the country.
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Selected Analysis done in the full report

• The Hospitals segment in 2017 reached a value
  of 495.39 million. By 2023, it is expected to
  reach 715.11 million at a CAGR of 6.3.
  Countries such as Japan, USA, France, Austria,
  Italy, and Singapore have the best hospitals and
  medical facilities in the world. The top
  healthcare facilities give attention to
  microbiology and virology sectors. Europe has the
  largest number of registered hospitals under WHO,
  followed by Americas and Western Pacific region.
  The medical technology of virology is more
  established in America and Europe due to more
  number of hospitals and growing healthcare
  expenditure by the government of those regions.
  There is more emphasis on virology which helps
  researchers to use the virus for the benefit of
  mankind.

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Excerpts Market Growth Factors

• Increasing rate of viral diseases, increase in
  healthcare expenditure and public awareness will
  boost the growth of human virology in the coming
  years.
• The field of virology has many areas such as
  molecular virology, pediatric virology,
  computational virology, etc.
• Rise in periodic monitoring of patients will
  enhance the growth of the Virology Market.
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5
Key players of the Virology Market

• F. Hoffmann-La Roche Ltd. (Roche
  Diagnostics), GlaxoSmithKline, Johnson Johnson,
  Abbott Diagnostics and Beckman Coulter dominate
  the Virology Market during the forecast period.
  F. Hoffmann-La Roche Ltd operates in two
  divisions namely pharmaceuticals and diagnostics.
  It manufactures and sells cancer drugs.
  GlaxoSmithKline provides products such as physio
  gel and abreva. Johnson Johnson carries out
  research and development of medicines for
  treatment of diseases. Abbot Diagnostics
  manufactures medical diagnostic instruments and
  provides automation and informatic solutions for
  reference labs, hospitals, and blood centers.

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