Infectious Disease Testing Market Analysis Focusing on Top Key Players – Abbott Laboratories, Becton, Dickinson and Company etc.

Infectious Disease Testing Market Snapshot:

The infectious disease testing market was valued at USD 16.39 billion in 2019 and is expected to grow with a CAGR of 5.72% during the forecast period of 2020–2029. Infectious disease testing involves identifying the presence of foreign antigen/organism using testing tools and kits. Currently, most of the testing tools and kits available are for bacterial and viral infections. It is expected that the molecular techniques will replace most of these testing kits in the coming years. Advances in treating viral infections, active participation of the government, and rising demand for new research methods to monitor infectious diseases drive the market growth.

Global Infectious Disease Testing Market is expected to grow at a steady growth during the forecast period 2020-2029, Infectious Disease Testing Market report offers insights into the latest trends. It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2029. Every organization partaking within the global production of the Infectious Disease Testing market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

COVID-19 has resulted in the introduction of several new testing methods with high accuracy at lower prices. On April 1, 2020, The Association of British HealthTech Industries (ABHI), BioIndustry Association (BIA), and the British In-Vitro Diagnostic Association (BIVDA) announced a global need for components of testing kits to ensure its supply in the healthcare sector. In South Korea, mass testing is conducted to identify the people affected by COVID-19. Moreover, laboratory tests provide better accuracy than testing kits. The manufacturers are channelizing efforts to develop advanced testing kits and adopting new strategies to reduce the cost and attain authorization from the government.

Governments in North America are heavily investing in the development of robust healthcare infrastructure equipped with technologically advanced equipment, further driving the market growth. In the U.S. the government is continuously working to fight the COVID-19 pandemic and provide proper care to the patients. The Committee on Foreign Investments in the U.S. (CFIUS) is focusing on strengthening the country’s healthcare sector and providing assistance to increase the influx of foreign investments.

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The Major Prominent Players Covered in this Report:
Abbott Laboratories, Becton, Dickinson and Company, Biomérieux SA, Bio-Rad Laboratories, Danaher Corporation, Diasorin, Luminex, Meridian Bioscience, Quidel, Roche Diagnostics, Siemens AG, Thermo Fisher Scientific , & More.

By Product & Services, Kits & reagents, Instruments, Software,
By Technology, Immunodiagnostics, DNA sequencing & NGS, PCR,
By End-User, Hospitals/clinical laboratories, Reference laboratories, Physician offices, Academic/research institutes ,

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Infectious Disease Testing in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Infectious Disease Testing market during the forecast period 2020-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Infectious Disease Testing and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Infectious Disease Testing. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Key Developments:
On March 18, 2020, Abbott received emergency use authorization (EUA) from the Food and Drug Administration (FDA) for its molecular test for the identification of SARS-CoV-2, the virus that causes COVID-19. The company will deploy about 150,000 laboratory tests immediately.

On March 31, 2020, Becton Dickinson and Company (BD) announced the launch of a new Rapid Serology Test to detect exposure to COVID-19. The technique is a new point-of-care test that can detect antibodies in blood to confirm current or past exposure to COVID-19 in less than 15 minutes. The new test developed will be available through BD and distributed exclusively through Henry Schein, Inc. to healthcare providers throughout the U.S.

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Key Questions Answered in The Report:
What will the Infectious Disease Testing market growth rate?
What are the key factors driving the global Infectious Disease Testing market?
Who are the key manufacturers in the Infectious Disease Testing market space?
What are the market opportunities, market risk, and market overview of the Infectious Disease Testing market?
What are sales, revenue, and price analysis of top manufacturers of the Infectious Disease Testing market?
Who are the distributors, traders, and dealers of the Infectious Disease Testing market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Infectious Disease Testing Industry?
What are sales, revenue, and price analysis by regions of Infectious Disease Testing industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Infectious Disease Testing Market Trends:
- The report identifies, determines, and forecasts the Global Infectious Disease Testing Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Infectious Disease Testing Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Infectious Disease Testing Market.

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