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Infectious Disease Diagnostic Market Top Key Players, Industry Analysis And Forecast By 2027 | Abbott Laboratories, F. Hoffmann-La Roche Ltd, bioMérieu- SA
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Market Overview
The infectious disease diagnostics market is e-pected to grow with a significant CAGR in the coming years. Key factors influencing the market growth include global warming which is e-pected to increase the prevalence of infectious diseases and additionally, the resistance of microorganisms to the available drugs. Furthermore, due to Covid-19, testing and prevention of infectious diseases will be increased and thus the growth in infectious disease diagnostics market. For e-ample, as many as 1.8 million covid tests were performed in a single day in India alone. This sudden ramp up in facilities is going to last even after covid, making it easier to get tests for infectious diseases as well. Factors that can cause drawbacks in the market growth include inadequate reimbursements by insurance companies which makes it hard for companies to commercialize their tests.
COVID-19 Impact
Over the past year the Covid-19 pandemic has claimed many lives and disrupted many industries. Doctors and Healthcare workers have shifted their entire focus of tackling the problem at hand. However, in the midst of all this, essential services and operations focusing on the long-standing health problems like many infectious diseases around the world have taken a toll. For e-ample, a 3 months estimate by WHO reported a 25% decrease in tuberculosis detection rate and a 13% increase in deaths due to the disease. These numbers bring us back to the numbers 5 years ago. Additionally, WHO also predicts that between 2020 and 2025 an additional 1.4 million deaths are e-pected because of tuberculosis as a consequence of the pandemic. Apart from tuberculosis other infectious diseases are also taking a hit due to the decreasing detection rate during the pandemic. As lives are going back to normal however, this is e-pected to change, and the infectious disease diagnosis industry is e-pected to boost its productivity and growth.
Infectious Disease Diagnostic market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product & Services, the market is primarily segmented into
• Consumables
• Instruments
• Software & Services
The consumables segment generated revenue of US$ -. million in 2020 and is e-pected to grow at a CAGR of -.% during the forecast period to reach a market valuation of US$ -. million by 2027F.
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By Disease Type, the market is primarily segmented into
• Hepatitis
• Human Immunodeficiency Virus (HIV)
• Hospital-Acquired Infections (HAIS)
• Human Papillomavirus (HPV)
• Tuberculosis (TB)
• Influenza
• Other Diseases
Amongst disease type, the tuberculosis segment of the Infectious Disease Diagnostic market was valued at US$ -. million in 2020 and is likely to reach US$ -. million by 2027 growing at a CAGR of -.% from 2021-2027.
By Technology, the market is primarily segmented into
• Immunodiagnostics
• Clinical Microbiology
• Polymerase Chain Reaction
• Isothermal Nucleic Acid Amplification Technology
• DNA Sequencing and Ne-t-Generation Sequencing (NGS)
• DNA Microarray Technology
• Other technologies
Amongst technology, the immunodiagnostics segment of the Infectious Disease Diagnostic market was valued at US$ -. million in 2020 and is likely to reach US$ -. million by 2027 growing at a CAGR of -.% from 2021-2027.
By End-User, the market is primarily segmented into
• Hospital/Clinical Laboratories
• Reference Laboratories
• Academics/Research Institutes
• Other End Users
Amongst end-user, the hospital/clinical laboratories segment of the Infectious Disease Diagnostic market was valued at US$ -. million in 2020 and is likely to reach US$ -. million by 2027 growing at a CAGR of -.% from 2021-2027.
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Infectious Disease Diagnostic Market Geographical Segmentation Includes:
• North America
• Europe
• Asia-Pacific
• Rest of the World
Based on the estimation, the North America region dominated the Infectious Disease Diagnostic market with almost -.% revenue share in 2020. North America also saw the highest CAGR of -.% in the forecast period due to the increasing acceptance among people.
The major players targeting the market includes
• Abbott Laboratories
• F. Hoffmann-La Roche Ltd
• bioMérieu- SA
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Quidel Corporation
• Hologic, Inc.
• Siemens Healthineers AG
• Becton, Dickinson and Company
• PerkinElmer Inc.
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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 Infectious Disease Diagnostic market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Infectious Disease Diagnostic market?
• Which factors are influencing the Infectious Disease Diagnostic market over the forecast period?
• What are the global challenges, threats, and risks in the Infectious Disease Diagnostic market?
• Which factors are propelling and restraining the Infectious Disease Diagnostic market?
• What are the demanding global regions of the Infectious Disease Diagnostic 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?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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