Press release
Typhoid Antibody Testing Global Market Size Expected to Hit $10.61 Billion at a CAGR of 7.9% by 2028 | Abbott Laboratories, DiaSorin S.p.A., CTK Biotech Inc., Creative Diagnostics, Atlas Medical
"The new report published by The Business Research Company, titled ""Typhoid Antibody 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 typhoid antibody testing market size has grown strongly in recent years. It will grow from $7.27 billion in 2023 to $7.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The typhoid antibody testing market size is expected to see strong growth in the next few years. It will grow to $10.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Increase In Waterborne Diseases Driving Typhoid Antibody Testing Market Growth
The rise in waterborne diseases is expected to propel the growth of the typhoid antibody testing market going forward. Waterborne diseases refer to illnesses caused by pathogenic microorganisms transmitted through contaminated water. The rise in waterborne diseases is due to poor sanitation and hygiene, lack of access to clean drinking water, rapid urbanization, climate change, and agricultural runoff. Typhoid antibody testing helps in the early diagnosis, confirmation, and monitoring of treatment efficacy of typhoid fever, aiding in the identification of carriers and implementation of preventive measures, playing a crucial role in managing and controlling waterborne diseases. For instance, according to the Coalition against Typhoid, a US-based organization dedicated to preventing typhoid and other invasive salmonellosis, from January to August 2022, the Philippines recorded 7,681 typhoid (a waterborne disease) cases, marking a 109% increase compared to the same period in the previous year. Therefore, the rise in waterborne diseases is driving the growth of the typhoid antibody testing market.
Advances In Molecular Diagnostic Tests For Typhoid Fever
Major companies operating in the typhoid antibody testing market are focused on developing innovative products, such as molecular diagnostic tests, to enhance the accuracy and speed of typhoid fever diagnosis. Molecular diagnostic tests offer high sensitivity and specificity, allowing for accurate and rapid detection of pathogens like Salmonella Typhi in cases of typhoid fever. For instance, in April 2023, Vanguard Diagnostics, an India-based diagnostic reagent developer, launched the VANSCAN typhoid RT PCR test, a molecular diagnostic test using its patented technology. It is designed to detect and diagnose typhoid fever through a real-time PCR (RT-PCR) testing approach, which is more accurate and sensitive than traditional serological tests. The VANSCAN Typhoid RT PCR Test marks a significant advancement in typhoid diagnostics, establishing a new gold standard for early, accurate, and reliable disease detection in India and globally.
The typhoid antibody testing market covered in this report is segmented -
1) By Product Type: Rapid Serological Tests, Hem-agglutination And Co-agglutination, Counter Immunoelectrophoresis, Typhidot Test, Widal Test
2) By Paratyphi Type: Paratyphi A, Paratyphi B, Paratyphi C
3) By End-User: Hospitals, Serological Testing Centers, Clinics, Diagnostic Centers, Other End Users
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Major companies operating in the typhoid antibody testing market are Thermo Fisher Scientific Inc. , Abbott Laboratories, Siemens Healthineers AG , Becton Dickinson and Company, Quest Diagnostics Inc., bioMerieux SA, Bio-Rad Laboratories Inc., DiaSorin S.p.A., Meridian Bioscience Inc., Sekisui Diagnostics, CTK Biotech Inc., Creative Diagnostics, Fortress Diagnostics Ltd., CerTest Biotec S.L, InBios International Inc., J. Mitra & Co. Pvt. Ltd, The Native Antigen Company, AroCell, AccuBioTech Co. Ltd, Vanguard Diagnostics private limited., Atlas Medical , Suburban Diagnostics India Private Limited, Biorex Diagnostics, Genebio Healthcare Private Limited, ICT Diagnostics
Contents of the report:
1. Executive Summary
2. Typhoid Antibody Testing Market Report Structure
3. Typhoid Antibody Testing Market Trends And Strategies
4. Typhoid Antibody Testing Market - Macro Economic Scenario
5. Typhoid Antibody Testing Market Size And Growth
…..
27. Typhoid Antibody Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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