Infectious Disease Diagnostics Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2027

The elevating incidence rate of infectious diseases across the globe, the growing number of researches on infectious disease diagnosis and the elevating emphasis on Point-of-care testing, are boosting the Infectious Disease Diagnostics market.
Market Size – USD 17.20 Billion in 2019, Market Growth - CAGR of 6.0%, Market Trends – The rising demand for Infectious Disease Diagnostics amidst coronavirus pandemic
The Global Infectious Disease Diagnostics market is forecast to reach USD 28.03 Billion by 2027, according to a new report by Reports and Data. Immediate diagnosis of infectious disease is the present need of the time due to evolving pathogens and increasing the occurrence rate of hospital-acquired infections. Government of various nations has been emphasizing on rapid diagnosis of infectious disease as a strategic priority like in the U.S. The global COVID-19 pandemic is another mentionable crucial factor that is boosting the demand for laboratory-based molecular testing capacity and reagents.

The COVID-19 Impact: One of the major impacts of COVID-19 on the market has been elevated demand for point-of-care immunodiagnostic tests. The development of these easy-to-use and rapid devices to support testing outside of laboratory settings has been a response of diagnostic test manufacturers to shortages of laboratory-based molecular testing capacity. These test kits are developed by manufacturers based either on detection, in serum or blood of antibodies caused due to the infection or identification of proteins from the coronavirus in respiratory samples. WHO supports the use of these point-of-care immunodiagnostic tests in research settings.

Leading companies operating in the market and profiled in the report include:
Becton, Dickinson and Company, Abbott Laboratories, Bio-Rad Laboratories, Biomérieux SA, Diasorin, Danaher Corporation, Meridian Bioscience, Luminex, Roche Diagnostics, and Siemens AG.

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Market Dynamics:
The pharma & healthcare sectors has been rapidly growing over the last few decades. Technological advancements in healthcare sector, emergence of various diseases, COVID-19 outbreak are key factors boosting global market revenue growth. The global Infectious Disease Diagnostics market is expected to reach USD XX Billion in 2028 from USD XX Billion in 2020 at a CAGR of XX%. Growing need to develop new drugs and medical devices to cater to emerging diseases, high investments in research and development activities, and improvements in healthcare infrastructure and facilities is expected to fuel global market growth over the forecast period. In addition, adoption of AI in various healthcare application, funding from various private and public organizations to boost research activities in pharmaceutical and biotechnology sector and vaccine production during the current pandemic situation is also expected to boost market growth.

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Competitive Landscape:
Dominant key players in the market are adopting various strategies like mergers and acquisition, partnerships, collaborations, joint ventures and product launches to gain a robust footing in the market. Growing demand for various medical products, increasing adoption of home-care settings, point-of-care diagnosis, high demand for vaccines and medication for controlling COVID-19 is expected to benefit the key companies throughout the forecast period.

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Global Infectious Disease Diagnostics Market Segmentation:
roduct Type Outlook (Revenue, USD Billion; 2017-2027)
• Consumables
• Instruments & analyzers
• Software & services

Technology Outlook (Revenue, USD Billion; 2017-2027)
• Traditional diagnostic technique
• Molecular diagnostic technique

Disease Type Outlook (Revenue, USD Billion; 2017-2027)
• Hepatitis
• Hospital-Acquired Infections (HAIS)
• Human Immunodeficiency Virus (HIV)
• Tuberculosis (TB)
• Chlamydia Trachomatis Genital Infection and Gonorrhea (CT/NG)
• Influenza
• Human Papillomavirus
• Others

End-user Outlook (Revenue, USD Billion; 2017-2027)
• Reference Laboratories
• Hospital/Clinical Laboratories
• Academic/Research Institutes
• Physician Offices
• Others

The global Infectious Disease Diagnostics market is broadly divided into 5 major regions, viz. North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Regional Outlook:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA

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