Infectious Disease Diagnostics Testing Global Market is Projected to Increase Revenues Growth, Business Insights, Future Demand and Forecast 2024-2033

"The new report published by The Business Research Company, titled ""Infectious Disease Diagnostics Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the infectious disease diagnostics testing market size has grown strongly in recent years. It will grow from $35.09 billion in 2023 to $38.52 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The infectious disease diagnostics testing market size is expected to see rapid growth in the next few years. It will grow to $58.84 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.

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Impact Of Rising Respiratory Infections On The Infectious Disease Diagnostic Testing Market
A rise in respiratory infections is expected to propel the growth of the infectious disease diagnostic testing market going forward. Respiratory infections affect the respiratory system, including the nose, throat, airways, and lungs. The increasing respiratory infections are due to viral and bacterial transmission through close contact with infected individuals, poor hygiene practices, crowded living conditions, and seasonal variations in weather patterns. Infectious disease diagnostic testing is essential for diagnosing and treating respiratory infections as it can precisely identify pathogens such as bacteria and viruses in patient samples. For instance, in February 2024, according to the Canadian Institute for Health Information, a Canada-based non-profit organization, hospitalizations for acute upper respiratory infections increased by 32% from 2,114 in 2022 to 2,797 cases in 2023. Therefore, the rise in respiratory infections is driving the infectious disease diagnostic testing market.

Advancements In Molecular Diagnostics Platforms Drive Innovation In The Infectious Disease Diagnostic Testing Market
Major companies operating in the infectious disease diagnostic testing market are focusing on developing innovative technologies, such as molecular diagnostics platforms, to sustain their position in the market. Molecular diagnostics platforms are sophisticated systems designed to detect and analyze nucleic acids (DNA or RNA) from biological samples for diagnostic purposes. For instance, in May 2022, Becton Dickinson, and Company, a US-based medical technology company, launched BD COR System, a fully automated, high-throughput infectious disease molecular diagnostics platform. This platform integrates and automates the complete molecular laboratory workflow from sample processing to diagnostic results, eliminating the need for manual specimen sorting and freeing up lab technicians for higher-value tasks. The system can process up to 1,700 specimens and deliver results within 24 hours, offering high-throughput capabilities and advanced genotyping for diseases such as HPV and STIs.

The infectious disease diagnostics testing market covered in this report is segmented -
1) By Type: Molecular Diagnostic Test, Point Of Care Tests (POCT) Infectious Disease Diagnostics Test
2) By Application: Respiratory, Human Immunodeficiency Virus (HIV), Healthcare-Associated Infections (HAIs), Sexual Health, Tropical Diseases, Liver
3) By End-User: Diagnostic Laboratories, Hospitals And Clinics, Academic Research Institutes, Other End-Users

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Major companies operating in the infectious disease diagnostics testing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Becton Dickinson And Company, Quest Diagnostics Incorporated, Grifols S.A., Hologic Inc., PerkinElmer Inc., bioMérieux SA, Quidel Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc., QIAGEN N.V., DiaSorin SpA (Luminex), Myriad Genetics Inc., Seegene Inc., Ortho Clinical Diagnostics Inc., OraSure Technologies Inc., Meridian Bioscience Inc., Trinity Biotech PLC, Biodesix Inc., Helix OpCo LLC, Inovio Pharmaceuticals Inc.

Contents of the report:
1. Executive Summary
2. Infectious Disease Diagnostics Testing Market Report Structure
3. Infectious Disease Diagnostics Testing Market Trends And Strategies
4. Infectious Disease Diagnostics Testing Market - Macro Economic Scenario
5. Infectious Disease Diagnostics Testing Market Size And Growth
…..
27. Infectious Disease Diagnostics Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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