VDRL Rotators Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Rotator With Display and Rotator Without Display); Application (Hospital, Specialty Clinic, Research and Development Laboratory, and Clinical Laboratory); and Region/Country
The global VDRL rotators market is expected to grow at a significant rate of around 6% during the forecast period. VDRL rotators are laboratory devices used to perform the Venereal Disease Research Laboratory (VDRL) test, a type of test for STDs. The VDRL test is simple, inexpensive, and widely available, making it a popular choice for diagnosing syphilis. The market driver for VDRL rotators is the demand for high-precision rotational movement in various industrial applications such as sample analysis in medical laboratories, testing and calibration of mechanical systems, and material characterization in research and development. The use of a VDRL rotator during the test helps to ensure that the blood sample and reagents are thoroughly mixed, resulting in accurate and reliable test results. This makes VDRL rotators an important tool in the diagnosis and treatment of venereal diseases such as Chlamydia, Genital herpes, HIV/AIDS, HPV, Syphilis, and Gonorrhea. For instance, in 2020, WHO estimated that there were 82.4 million new cases of gonorrhea worldwide.
Furthermore, there is high demand for VDRL rotators because the Venereal Disease Research Laboratory (VDRL) test is widely used for the detection of syphilis, a sexually transmitted infection. Syphilis can cause a range of serious health problems if left untreated, so early detection and treatment are crucial which is boost the demand for VDRL rotators.
SM Scientific Instruments Pvt. Ltd.; MICROTEKNIK; PRAGATI LABORATORY EQUIPMENT; STANDARD STEEL; Biophlox Global Pvt Ltd; Multilab; P L Tandon & Co; MAC; DOLPHIN INSTRUMENTS; NIKE CHEMICAL INDIA are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, rotator without display category to witness fastest CAGR during the forecast period”
Based on type, the market is segmented into rotator with display and rotator without display. Amongst, rotator without display category to witness higher CAGR during the forecast period owing to the high demand for the serological test for sexual infectious diseases (e.g., HIV, syphilis, and viral hepatitis), Cost-effectiveness, Lack of alternatives, and widely available, making it accessible to many people which will be contributing to the growth of the segment. For instance, according to the WHO, Globally, 38.4 million [33.9–43.8 million] people were living with HIV at the end of 2021.
“Amongst application, the clinical laboratory held a considerable share in the market in 2021”
On the basis of application, the market is categorized into hospital, specialty clinic, research and development laboratory, and clinical laboratory. Among these, the clinical laboratory held a considerable share of the market in 2021. This is mainly due to these rotators being used for venereal disease research testing, blood group tests, and other agglutination processors for solutions mixing in bottles beakers, or flasks.
VDRL rotators without rotators help to ensure consistent results, can reduce the time, are easy to use & require minimal training, making them an attractive option for clinical laboratories which will be propelling the growth of the market during the forecast period.
VDRL Rotators Market Report Coverage
“North America to hold a significant share in the market”
For a better understanding of the market adoption of the VDRL rotators industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at the fastest growth during the forecast period. This is mainly due to the large population diagnosed with sexually transmitted diseases, the growing demand for medical equipment, increasing diagnostic tests for STDs in the region, the growing population, rising incomes & increasing awareness of the importance of health, many Asian countries are investing more in their healthcare systems, expansion of healthcare infrastructure in developing countries like India and China is further contributing to the growth of the market. For instance, the incidence of sexually transmitted diseases (STDs) in India is high and has been growing in recent years. According to the World Health Organization (WHO), approximately 12 million new cases of STDs are reported in India each year, and the country has the third-highest burden of STDs globally. The most common STDs in India include syphilis, gonorrhea, chlamydia, and genital herpes.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global VDRL Rotators Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the VDRL Rotators Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global VDRL rotators market were the three major steps undertaken to create and analyze the adoption of VDRL rotators in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global VDRL rotators market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the VDRL rotators market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the VDRL rotators market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the VDRL Rotators Market. Further, we conducted factor analysis using dependent and independent variables such as various type and applications of VDRL rotators. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the VDRL rotators market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global VDRL rotators market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the VDRL rotators market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global VDRL rotators market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global VDRL rotators market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global VDRL rotators market.
The main objective of the Global VDRL Rotators Market Study
The current & future market trends of the global VDRL rotators market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the VDRL rotators market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and application.
- Define and analysis of the regulatory framework for the VDRL rotators
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the VDRL rotators market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the VDRL rotators market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Related Reports
Customers who bought this item also bought
Antibiotic Resistance Market: Current Analysis and Forecast (2024-2032)
Emphasis on Disease Type (Urinary Tract Infections, Intra-Abdominal Infections, Blood Stream Infections, Clostridium Difficile Infections, And Others); Pathogen Type (Acinetobacter baumannii, Pseudomonas aeruginosa, Staphylococcus aureus, Streptococcus pneumoniae, and Others); Drug Class (Oxazolidinones, Lipoglycopeptides, Tetracyclines, and Others); and Region/Country
October 8, 2024
