Strategic Analysis on Infectious Diseases Diagnostics Market 2016-2021.


Posted December 4, 2017 by Mounika09

Infectious Diseases Diagnostics Market is poised to reach USD 21.13 billion by 2021

 
Infectious Diseases Diagnostics Market Size is anticipated to grow at a 7.90% CAGR from 2016 to 2021 and it is estimated that the global market was valued at USD 14.45 billion in 2016 and is relied upon to achieve USD 21.13 billion by 2021.

Infectious disease diagnostics involves various method to check for the presence of foreign antigen/organism with the help of numerous diagnostic tools. Infectious disease conditions are highly widespread in under developed regions owing to the lack of awareness for personal hygiene, minimal health care expenditures, and absence of efficient physician services. Rising cases of infectious diseases in developed economies is further expected to boost the market growth. This has lead vitro diagnostic device manufacturers to invest into emerging economies. These companies are taking efforts to develop and commercialize cost effective tools for the infectious disease diagnosis.



Disease diagnostics are used for confirmation of a disease in form of a quick, precise test result. Being time consuming, disease diagnostics are on a rise. The infectious disease epidemics are spreading worldwide, thereby leading to an increase in demand of diagnostic tests. In addition, the incidences of malaria, flu, AIDS, and other diseases are also on a rise, creating a robust demand for infectious disease diagnostics. With a majority of physicians adopting the evidence-based treatment method, infectious disease diagnostic kits are more likely to gain traction over the forecast period.


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Infectious Diseases Diagnostics Market Segmentation by Product, Application, Technology and End User. On the basis of Product, it is segmented into Instruments, Reagents, Services, and Software. Consumables accounted for the largest share. On the basis of Application, it is segmented into Hepatitis B, Hepatitis C, Human Immunodeficiency Virus (HIV), Tuberculosis (TB), Chlamydia trachomatis and Neisseria gonorrhoeae (CT/NG), human papillomavirus (HPV), Methicillin-resistant Staphylococcus aureus (MRSA), and others (Influenza, Ebola, Typhoid, Malaria, and Dengue) included. Hospital-acquired MRSA infections and human papillomavirus (HPV) are expected to be the fastest-growing market segments in the forecast period. On the basis of technology, it is segmented into PCR, INAAT, DNA Sequencing and Hybridization. Traditional methods are categorized into immunodiagnostics, microscopy, and biochemical characterization. Microarrays and INAAT are projected to witness the highest growth during the forecast period. This noteworthy growth can be accredited to the specificity and an increase in the efficiency of these tests. On the basis of End User, it is segmented into Hospital and Laboratories. Hospital laboratories and reference labs held the largest share in this market segment.


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Infectious Diseases Diagnostics Market geographical segmentation by North America, Europe, Asia-Pacific and Middle East and Africa. North America held the largest share of the IDD market, followed by Europe. Both regions are projected to witness single-digit growth rates during the coming years. Be that as it may, Asia-Pacific is projected to register the highest growth rate in the coming years, due to the high pervasiveness of infectious diseases, and huge investment opportunities due to a growth in healthcare expenditure.

The major Infectious Diseases Diagnostics Market leaders are Abbott Laboratories, bioMérieux SA, Hologic, Inc., Danaher Corporation, SBecton, Dickinson and Company, Cepheid, Inc., Thermo Fisher Scientific Inc., Roche Diagnostics, Alere Inc., DiaSorin S.p.A., Quidel Corporation, and Bio-Rad Laboratories, Inc.



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Last Updated December 4, 2017