Virology is the study of viruses, virus-like entities, and their mutations, covering taxonomy, disease-causing qualities, cultivation, and genetics. Microbiology and pathology are commonly confused with virology. Viruses quickly evolved into tools for analysing basic biochemical processes in cells in the early years of virology, which were based on advancements in the chemical and physical sciences. Viruses have traditionally been considered as disease-causing agents that must be eradicated or controlled.
After the initial operational definition of a virus as a filterable agent, researchers attempted to find the characteristics of viruses that distinguished them from other microbes. To this aim, all viruses have the same defining feature that they are obligatory intracellular molecular parasites. The fact that viruses do not reproduce by binary fission, which is an asexual reproduction mode in which pre-existing cells split into two identical daughter cells, is a second crucial attribute of viruses.
The Global Virology Specimen Collection Market size is expected to reach $5.6 billion by 2027, rising at a CAGR of 0.2% during 2021-2027. In 2020, North America led the world by acquiring the largest revenue share of the virology specimen collection market. The largest revenue share of the region in the market is attributed to the robust healthcare infrastructure of the region. Clinics, hospitals, and other healthcare institutes in countries across North America are equipped with the latest and cutting-edge healthcare technologies.
Molecular diagnostic firms are encouraged to create bacterial and viral specimen collection as well as diagnostic solutions that have a beneficial impact on market growth attributed to the increased funding from public and private organizations. For example, the US Department of Defense and the US Department of Health and Human Services (HHS) awarded Hologic Inc. with USD 7.6 million in July 2020 to enhance the manufacturing of specimen collecting and processing consumables for SARS-CoV-2 testing.
The key stake holders of the market include Trinity Biotech Plc, Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, DiaSorin S.p.A., Vircell S.L., Quidel Corporation, Titan Biotech Ltd., Puritan Medical Products, Copan Italia s.p.a., and Hardy Diagnostics.
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