Tuberculosis Testing Market to Cross $3,399.8 Million Revenue by 2027, Propelled by a 4% CAGR

The global Tuberculosis Testing market is estimated to attain a valuation of US$ 3,399.8 Mn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4% during the forecast period, 2019 to 2027.

The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Tuberculosis Testing industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.

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Rising demand for improved and technologically advanced tuberculosis testing procedures to Drive Market

New, improved, and technologically advanced TB testing techniques such as IGRA, rapid TB tests, and serological tests have made the diagnosis more accurate, reliable, quick, and easy
Improvements in culture-based tests by using liquid culture mediums as well as drug susceptibility and drug sensitivity testing over culture media have led to increase in the demand for different new TB tests across the world
Use of fluorescence microscopy instead of simple sputum smear microscopy has increased the sensitivity of TB tests, thereby driving the global TB testing market. Introduction of cartridge-based nucleic acid amplification technology and availability of GeneXpert MTB/RIF from Cepheid in area of nucleic acid-based tuberculosis testing are expected to boost the demand for TB testing technologies in the near future.

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Culture-based Tests Segment to Dominate Market

Based on test type, the global Tuberculosis Testing Market has been divided into Chest X-ray, Culture-based Tests, Interferon-Gamma Release Assay (IGRA), Mantoux Test (TST), Nucleic Acid Testing (NAT), Xpert test, Serological Tests, Smear Microscopy and Other Tests (ADA, etc.)
 The Culture-based Tests segment dominated the global Tuberculosis Testing Market in 2018 and the trend is projected to continue during the forecast period. Increase in diagnosis rate of tuberculosis attribute to accelerate the growth of the segment. Culture test is considered a gold standard for TB diagnostic that utilizes sputum or other clinical specimens. Culture tests include collection of sputum or other specimens, followed by inoculation on a solid or liquid culture medium. This is followed by incubation and bacterial identification.
Culture test is considered a gold standard for TB diagnostics and utilizes sputum or other clinical specimens. A culture test is often carried out to confirm the absence of MTB.

Hospital Laboratories to be Highly Lucrative Segment

In terms of End-user, the global Tuberculosis Testing Market has been classified into Academics and Research, Hospitals Laboratories, Physician's Office Laboratories, Reference Laboratories, and Others (Home Health Agencies, etc.)
The Hospitals Laboratories segment dominated the Tuberculosis Testing Market due to availability of cost effective (low cost) and growing awareness about tuberculosis and its diagnosis.
. Expansion of the segment is driven by the rise in cases of hospitalization for the treatment of rare diseases, the ease of availability of products in hospital laboratories, and the growing alignment between hospitals and physicians.
Availability of well-trained medical personnel for efficient and appropriate TB diagnosis, detection, and treatment in hospitals is a major factor fueling the expansion of the segment.

North America to Dominate Global Market

In terms of region, the global Tuberculosis Testing Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global Tuberculosis Testing Market in 2018, followed by Europe.
North America accounted for major share of the global Tuberculosis Testing Market in 2018. Major drivers of the market are rise in prevalence of drug resistant tuberculosis infection, improvement in bacteriological confirmation, upsurge in awareness enabling proper disease management, and increase in demand for improved and technologically-advanced tuberculosis testing. In addition, awareness and control programs on tuberculosis conducted by government is also propelling the tuberculosis testing market.
 The Tuberculosis Testing Market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. The market expansion of Asia Pacific can be ascribed to the increase in efforts of non-governmental organizations for creating awareness about tuberculosis. Furthermore, the market players are adopting unique marketing strategies focused on creating awareness among the patients, prior to the launch of their products. Additionally, the R&D grants, drug exclusivity, tax credits, and approval fee waivers offered by the FDA also aid the expansion of the tuberculosis testing market in Asia Pacific.

The list of key players operating in the Tuberculosis Testing market includes following names:

Thermo Fisher Scientific, Inc.,Alere, Inc.,Becton,Dickinson and Company,F. Hoffmann-La Roche AG,LIONEX Diagnostics & Therapeutics GmbH,Danaher Corporation,Danaher Corporation,Creative Diagnostics,QIAGEN,Hain Lifescience GmbH.,Oxford Immunotec Ltd.,Hologic, Inc.,Cepheid,Akonni Biosystems, Inc.,bioMerieux SA,Epistem Ltd.,among others

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The global Tuberculosis Testing Market has been segmented as follows:

Global Tuberculosis Testing Market, by Test Type
Chest X-ray
Culture-based Tests
Interferon-Gamma Release Assay (IGRA)
Mantoux Test (TST)
Nucleic Acid Testing (NAT), Xpert test
Serological Tests
Smear Microscopy
Other Tests (ADA, etc.)
Global Tuberculosis Testing Market, by End-user
Academics and Research
Hospitals Laboratories
Physician's Office Laboratories
Reference Laboratories
Others (Home Health Agencies, etc.)
Global Tuberculosis Testing Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia Pacific          
China
India
Japan
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa

Tuberculosis Testing Market: Assessment of Avenues and Revenue Potential in Key Geographies

Some of the key aspects that the study analyzes and sheds light are:

Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Tuberculosis Testing market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?

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