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Infectious Disease Diagnostics Market is projected to surpass USD 30.9 billion by 2031 | Danaher Corporation (US), Becton, Dickinson and Company (US)
Infectious Disease Diagnostics Market
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A contagious illness A diagnostic is a laboratory test carried out by trained technicians and medical professionals to identify infectious diseases. It is a diagnostic process used to characterize and identify the infectious disease's causal organism. By using a variety of diagnostic techniques and tools, the sample of urine, blood, mucus, or other body fluids is examined to provide details on the causative organism.
Market Trends and Drivers
The market for infectious disease diagnostics will rise as a result of the prevalence of infectious diseases in both developed and emerging nations. The growing number of prescriptions for infectious illness diagnostic tests is due to the diagnosis and treatment of such disorders. The demand for infectious disease diagnostics is anticipated to increase during the projected period as a result of these factors and the expanding trend toward preventive medicine. The extensive population-based testing is necessary to enhance COVID-19 preventive and control activities. Since infectious disease diagnostics performs these tests, it had a favorable effect on this market.
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Similarly, Major participants in the infectious illness diagnostics market are anticipated to have chances for expansion in emerging economies like India, South Korea, Brazil, and Mexico. This can be linked to the high disease prevalence, sizable patient population, expanding medical tourism, improving healthcare infrastructure, and rising disposable income in these nations. The Asia Pacific region has become a flexible and business-friendly hub because to fewer onerous rules and data requirements than the previously mentioned criteria.
Market Restraints and Challenges
One of the main factors limiting the growth of the infectious illness diagnostics industry is inadequate reimbursement. Getting health insurance to pay for the tests is a significant obstacle that the majority of diagnostic companies confront when trying to commercialize their tests.
Major Players in the Global Infectious Disease Diagnostics Market
The key players studied in the report are Abbott Laboratories (US), Thermo Fisher Scientific Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), bioMérieux SA (France), Siemens Healthineers AG (Germany), Danaher Corporation (US), Becton, Dickinson and Company (US), PerkinElmer, Inc. (US), Hologic, Inc. (US), QIAGEN N.V. (Netherlands), Grifols S.A. (Spain), DiaSorin S.p.A (Italy), Bio-Rad Laboratories, Inc. (US), Sysmex Corporation (Japan), and Ortho Clinical Diagnostics Holdings plc (US), among others.
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COVID-19 Impact
The new coronavirus is the infectious disease known as COVID-19. Before the outbreak started in Wuhan, China, in December 2019, COVID-19 was largely unknown. In just a few weeks, it went from a local issue to a worldwide pandemic. On March 11, 2020, the World Health Organization (WHO) designated COVID-19 to be a pandemic. Government agencies from all over the world are assisting laboratories in expediting COVID-19 testing procedures because testing is still an essential step in slowing the disease's rapid spread. Due to the employment of infectious disease diagnostic techniques for COVID-19 testing, the COVID-19 pandemic had a beneficial influence on the market for infectious illness diagnostics but had a negative impact on total sales for the majority of the companies.
Accordingly, regulatory agencies used techniques to hasten the licensing of COVID-19 diagnostic products. As diagnostic testing continues to be the foundation of the COVID-19 response, supporting containment efforts to reduce the outbreak, significant companies have also made strategic developments to deploy COVID-19 quick tests and neutralize the influence of COVID-19 on their operating capabilities. Additionally, due to the severity of the crisis and growing capacity problems with PCR-based testing, diagnostic solutions were developed more quickly to fulfill the demand for mass testing. Major players in this industry expanded their operations to test and monitor COVID-19.
Global Infectious Diseases Diagnostics Market Segmentation
By Product & Services
Assays, Kits & Reagents
Instruments
Services & Software
By Technology
Immunodiagnostics
Clinical Microbiology
Polymerase Chain Reaction
Isothermal Nucleic Acid Amplification Technology
DNA Sequencing and Next Generation Sequencing
DNA Microarray
Others
By Disease Type
Hepatitis
Human Immunodeficiency Virus
Chlamydia Trachomatis Genital Infection & Gonorrhea
Hospital Acquired Infections
Human Papillomavirus
Tuberculosis
Influenza
Others
By End Use
Hospital/Clinical Laboratories
Reference Laboratories
Others
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