Respiratory Syncytial Virus( RSV) Diagnostics Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
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Respiratory Syncytial Virus( RSV) Diagnostics Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
The worldwide respiratory syncytial virus diagnostics market is poised to grow at a CAGR exceeding 10 % over the forecast period( 2016 to 2024). It stood at USD 625 million in 2015. High prevalence of neonatal infections & viral diseases and the need for early RSV detection mechanisms for infants are key drivers of this industry. Respiratory syncytial virus harms the respiratory tract, the immune system, the heart, and lungs; thus leading to serious illnesses. It mainly affects infants in the age group of 0 to 11 months.
However, there are instances of people above the age of 60 years being afflicted by this virus. This is essentially because of weak immunity. Some patients may even need hospitalization. Clinical symptoms of the RSV infection can seldom be distinguished from the symptoms of other respiratory disorders. Hence, there is a pressing need to develop precise & accurate diagnostic solutions for such a disease.
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