Parasitology identification market Exhibit a Remarkable CAGR 6% Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the parasitology identification market, valued at USD 4,092.15 million in 2022, will reach USD 6,522.27 million by 2030, growing at a CAGR of 6% during the forecast period of 2023 to 2030.

Market Overview

The study of parasites, their hosts, and their interactions is known as parasitology. In the symbiotic relationship known as parasitism, one organism, the parasite, gains an advantage at the expense of another, the host typically an organism of a different species. The association could be harmful to the host as well.  The focus of parasitology as a biological field is not on the organism or environment under consideration but on how they live. As a result, it synthesizes knowledge from various disciplines and incorporates methods from various scientific disciplines, including cell biology, bioinformatics, biochemistry, molecular biology, immunology, genetics, evolution, and ecology.  

Explore Further Details about This Research Parasitology Identification Market Report https://www.databridgemarketresearch.com/reports/global-parasitology-identification-market

Parasitology Identification Market Dynamics

Drivers

Rapid diagnostic tool expansion fuels demand

The demand for the parasitology identification market has increased in developed and developing countries due to the rise in strategic initiatives by players worldwide to improve healthcare systems. Rapid diagnostic tools for detecting and treating infectious and parasitic diseases, rising disposable income, and parasitology identification all contribute to the growth of the parasitology identification market. The market will grow during the anticipated period due to the strategic initiative to promote parasitology identification and explore emerging markets.

Modern techniques enable market expansion

Parasite diagnosis requires parasite isolation with culture, expansion, and subsequent sequence testing. Significant concerns exist about the requirement for state-of-the-art tools for identifying parasitic strains due to the widespread infections caused by various pathogen types, such as protozoans, helminths, and ectoparasites. Numerous conventional techniques have been employed for years to identify parasitic strains. In diagnostic labs, advanced, contemporary methods that are more accurate and sensitive have also been used. Modern techniques such as MALDI-TOF MS, Rapid Diagnostic tests, and others are considered for a quick and precise diagnosis of the parasitic strain, which further fuels the market.

Opportunities

Government initiatives lead to market segment expansion

The government is also making efforts to raise awareness of different parasitic infections. Additionally, government organizations are launching campaigns in developing nations to diagnose and treat diseases. For instance, the government of Japan set up three research and training centers to combat parasitic diseases after the global parasite control initiative was proposed. Governmental organizations' investments are also accelerating market expansion in the area.

Technological progress enables market expansion

Fecal identification, morphological identification, immunological techniques, molecular techniques, rapid diagnostic tests (RDTS), MALDI-TOF MS, and other procedures are the most frequently used techniques for parasitology identification. Rising parasite testing rates, expanding federal body awareness campaigns globally, growing smartphone usage for parasite identification, and emerging technological trends are all expected to expand the parasitology identification market.

Some of the major players operating in the parasitology identification market are:

Abbott (U.S.)
BD (U.S.)
bioMérieux, Inc.(France)
Bruker (U.S.)
Quest Diagnostics (U.S.)
Akron Biotech (U.S.)
Thermo Fisher Scientific Inc (U.S.)
altona Diagnostics GmbH (Germany)
Biomerica (U.S.)
Bio-Rad Laboratories, Inc. (U.S.)
Creative Diagnostics  (U.S.)
Luminex Corporation (U.S.)
Meridian Bioscience, Inc. (U.S.)
R-Biopharm AG (Germany)
Shimadzu Corporation (Japan)
Institut Virion/Serion (Germany)
VWR International, LLC.  (U.S.)
Hardy Diagnostics (U.S.)
TECHLAB, Inc. (U.S.)
Alpha-Tec (U.S.)
Medical Chemical Corporation (MCC). (U.S.)

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Parasitology Identification Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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