Press release
Infectious Diseases Diagnostics Market is slated to reach US$ 1503.8 Mn by the year 2024
Infectious Diseases Diagnostics Market 2022
The global Infectious Diseases Diagnostics Market is expected to go great guns in the next 10 years. It is slated to reach US$ 1503.8 Mn by the year 2024. The CAGR would be 7%. With mixed reality in the foray, virtual objects could be integrated with the real-life ambience, thereby rendering simultaneous manipulation of digital twins. In other words, digital twinning is expected to be the future of healthcare vertical in the forecast period.
According to the latest market report published by Persistence Market Research, titled "Global Market Study on Infectious Diseases Diagnostics: Increasing Demand for Evidence-Based Treatment to Boost Demand for Infectious Diagnostic Testing during Forecast Period". The global market for infectious diseases diagnostics is estimated to reach US$ 876.6 Mn in 2016 from US$ 827.7 Mn in 2015 owing to increasing demand for diagnostic kits caused by rising incidence rate of infectious diseases.
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The global infectious disease diagnostics market is expected to reach US$ 1503.8 Mn by 2024. Sexually Transmitted Diseases (STDs) segment is expected to continue to remain the largest segment by diseases indication accounting for US$ 282.4 Mn in terms of revenue in 2016, a Y - o - Y increase of 7.0% over 2015. The chlamydia diagnostics test kits are expected to gain upward momentum in 2016, growing at 8.9% in terms of revenue, the fastest among disease indication segment.
Company Profiles:
Becton Dickinson & Company
Cepheid, Inc.
Abbott Laboratories
bioMerieux SA
Hologic, Inc.
Danaher Corporation
Thermo Fisher Scientific, Inc.
Roche Diagnostics
Alera Inc.
DiaSorin SpA
Quidel Corporation
Bio-Rad Laboratories, Inc.
Other
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Cell cultures segment is expected to register highest CAGR in terms of revenue, by test type accounting for US$ 311.4 Mn in terms of revenue in 2016. The affordability of cell culture kits and large applications in diagnosis of several infectious diseases is gaining traction. Consumption demand for cell culture test kits will witness a growth rate of 7.2 % in 2016 over 2015.
Diagnostic centers end user segment is expected to register highest CAGR in terms of revenue, accounting for US$ 392.8 Mn in terms of revenue in 2016. The increasing number of diagnostics centers, worldwide and a large number of patient pool depending on diagnostics centers for diagnosis of infectious diseases is expected to increase demand for diagnostics tests among diagnostics centers. The diagnostics centers end user segment will witness a growth rate of 7.4 % in 2016 over 2015.
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PMR Long-term Outlook: PMR projects the global infectious disease diagnostics market to witness moderate growth during the forecast period 2016-2024. APAC will continue to remain the largest market for infectious disease diagnostics, registering a CAGR of 7.9% over the forecast period.
Key Questions Answered in the Infectious Diseases Diagnostics Market Report
How is the Infectious Diseases Diagnostics Market expected to grow over the projected period?
What direction is the Infectious Diseases Diagnostics Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Infectious Diseases Diagnostics Market in future?
What are the key market drivers in the Infectious Diseases Diagnostics Market?
What are significant opportunities and improvement areas for Infectious Diseases Diagnostics Market manufacturers?
What are the key developments and trends taking over the Infectious Diseases Diagnostics Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Infectious Diseases Diagnostics Market?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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