Infectious Disease Diagnostics Market | Ongoing Trends and Recent Developments | Major Key Players like biomérieux (France), Bio-Rad (US), and Roche (Switzerland)
What the Market Looks Like?
Predicted to grow at a CAGR of 5.6% during the forecast period, the global Infectious Disease Diagnostics Market is estimated to reach USD 19.35 Billion in 2022. In 2017, North America accounted for the largest share of the global infectious disease diagnostics market.
On the basis of technology, the market is broadly segmented into immunodiagnostics, clinical microbiology, PCR, INAAT, DNA sequencing & NGS, DNA microarrays, and others. The immunodiagnostics segment accounted for the largest share of the global infectious disease diagnostics market in 2018. This dominant share is attributed to the increasing use of immunoassays in POC infectious disease testing, development of novel tests, rising trend of automation, and increasing awareness about health and fitness.
On the basis disease type, the market is broadly segmented into hepatitis, HIV, HAIs, CT/NG, HPV, TB, Influenza and others. The hepatitis diagnostics segment accounted for the largest share of the global infectious disease diagnostics market in 2018 and HAIs diagnostics segment is expected to witness the highest CAGR during the forecast period. The growth of HAIs diagnostics is attributed to factors such as the rising burden of MRSA infections; increasing number of new products launched in the market; and increasing adoption of technologically advanced HAI diagnostic tests such as BD MAX Cdiff assays, Xpert MRSA NxG, and ARIES C. difficile assays that are based on the PCR technology.
On the basis end user, the market is broadly segmented into hospitals/clinical laboratories, reference laboratories, physician offices, academic institutes, and other end users. The hospitals/clinical laboratories segment is projected to register the highest CAGR during the forecast period. The growth of this segment can primarily be attributed to the large number of diagnostic tests carried out in hospitals.
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What Drives the Market?
The growth of the global market for Infectious Disease Diagnostics is primarily influenced by the following factors:
Increasing Global Prevalence of Infectious Diseases
Shift in Focus From Centralized Laboratories to Decentralized Point-Of-Care Testing
Growth in Funding for Research on Infectious Disease Diagnostics
Geographical growth scenario of Infectious Disease Diagnostics Market
In 2017, in terms of value, North America accounted for the largest share of the global market. This large share can be attributed to the presence of a highly developed healthcare system, increasing prevalence of infectious diseases, the presence of a large number of leading national clinical laboratories, and easy accessibility to technologically advanced instruments in the region.
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Leading market players and strategies adopted
The prominent players in the Infectious Disease Diagnostics market include Abbott (US), Becton, Dickinson and Company (BD) (US), bioMérieux (France), Bio-Rad (US), and Roche (Switzerland). These players focus on inorganic strategies such as acquisitions, partnerships, agreements, collaborations and as well as organic strategies such as expansions and product launches & approvals to sustain their growth in the market.
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