Infectious Disease Diagnostics Market Size, Recent Trends, Growth Statistics, Business Strategies 2022-28

The research report "Infectious Disease Diagnostics Market by Product Type (Assays, Kits, & Reagents, Instruments, Services & Software), Testing Type (Laboratory Testing, POC Testing), Technology (Immunodiagnostics, Clinical Microbiology, PCR, INAAT, DNA Sequencing & NGS, Others), Disease Type (COVID-19, HIV, HAIs, Hepatitis, STDs, HPV, TB, Influenza, Others), End User (Diagnostic Laboratories, Hospitals & Clinics, Academic Research Institutes, Others) and Geography- Global/Region/Country Forecast to 2028." Infectious disease diagnostics market size was estimated at USD 32.2 billion in 2021, growing at a CAGR rate of 6.9% during the forthcoming years 2022-2028.

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Technological advancements in diagnostic procedures is expected to fuel the Infectious Disease Diagnostics Market:
Infectious disease diagnostics help to identify and characterize the causative agent of an infectious illness with the help of diagnostic tools. These diagnostics are the procedures provide important data to make the right medical related decisions. Different micro-organisms including parasites, viruses, bacteria and fungi cause infectious diseases like viral infections, bacterial infections and fungal infections. Infectious disease diagnostics market can be based completely on clinical presentation or more rigorous diagnostic tests including molecular methods, microscopy, culturing of an infectious agent and biochemical screens. One of the major factors driving the global infectious disease diagnostics market growth over the forecast period is the increasing prevalence of the deadly infectious diseases. Low cost, innovation of technologically advanced devices with fast results, accuracy and ease of usage are anticipated to drive the global infectious disease diagnostics market.

Major factors fuelling the infectious disease diagnostics market growth are increasing preference for fast diagnosis, technological developments in diagnostic procedures, increasing prevalence of HIV, dengue and malaria and growing funding to establish diagnostic centers anticipated to impel the infectious disease diagnostics market. In addition, advances in healthcare infrastructure, growing R&D activities for novel assays and changing demographics across the globe are anticipated to drive the infectious disease diagnostics market. But, lack of consciousness about the new diagnostic procedures, lack of reimbursement policies for numerous diagnostic tests and lack of skilled professionals to carry out diagnostic tests might hinder the infectious disease diagnostics market growth over the evaluation time span.

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North America accounted for major share in the Infectious Disease Diagnostics Market:
North America is leading the global infectious disease diagnostics market followed by Asia Pacific and Europe. North America is witnessing the largest share because of the increasing prevalence of infectious illnesses particularly in U.S. Europe region is anticipated to emerge as significant market due to the increasing prevalence of bacterial and viral illnesses and improved healthcare infrastructure. Asia Pacific is a leading region for the global infectious disease diagnostics market growth during the evaluation time span because of the increase in healthcare expenditure and growing population.

Competitive Analysis - Infectious Disease Diagnostics Market
Major players working in the infectious disease diagnostics market are F. Hoffmann-La Roche Ltd. (Switzerland) bioMérieux SA (France), Thermo Fischer Scientific (U.S.), Abbott Laboratories (U.S.),, Bio-Rad Laboratories Inc. (U.S.), Becton, Dickinson & Company (U.S.) and DiaSorin S.p.A. (Italy).

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