According to a new report published by UnivDatos Markets Insights, the VDRL Rotators Market was valued at more than USD 500 million in 2021 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Type (Rotator With Display and Rotator Without Display); Application (Hospital, Specialty Clinic, Research and Development Laboratory, and Clinical Laboratory); and Region/Country.
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The VDRL rotators market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the VDRL rotators market. The VDRL rotators market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the VDRL rotators market at the global and regional levels.
Market Overview
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.
Some of the major players operating in the market include 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
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the VDRL rotators used for diagnostic purposes. The pandemic has caused disruptions in the supply chain and a slowdown in production, making it more difficult to obtain components and assemble new systems.
The global VDRL Rotators Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
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.
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 Geographical Segmentation Includes:
North America (United States, Canada, and Rest of North America)
Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
Rest of the 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.
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The major players targeting the market include
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
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the VDRL Rotators Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
What are the latest trends, new patterns, and technological advancements in the VDRL Rotators Market?
Which factors are influencing the VDRL Rotators Market over the forecast period?
What are the global challenges, threats, and risks in the VDRL Rotators Market?
Which factors are propelling and restraining the VDRL Rotators Market?
What are the demanding global regions of the VDRL Rotators Market?
What will be the global market size in the upcoming years?
What are the crucial market acquisition strategies and policies applied by global companies?
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VDRL Rotators Market Report Coverage
Report Attribute
Details
Base year
2021
Forecast period
2022-2028
Growth momentum
Accelerate at a CAGR of over 6%
Market size 2021
USD 400 million
Regional analysis
North America, Europe, APAC, Rest of World
Major contributing region
North America to Dominate the Global VDRL Rotators Market
Key countries covered
United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India, and Australia
Companies profiled
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
Report Scope
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling
Segments Covered
By Type; By Application; By Region/Country
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Discovered on: 2023-05-20 06:06:51
Source: Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022-2028)| U…
