Testing Advancements: Typhoid Antibody Detection Market Growth 2024

The Business Research Company recently released a comprehensive report on the Global Typhoid Antibody Testing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to rising collaborative effort aimed at the development of new testing tools, rise in developing countries, increasing competition, cost effective diagnostic kits, and government support.

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%. The growth in the forecast period can be attributed to increasing prevalence of the disease, increasing rate of morbidity and mortality, travel-related testing, increasing healthcare spending, and growing awareness about typhoid fever among healthcare professionals and the public. Major trends in the forecast period include advanced technologies, global health initiatives, emphasis on outbreak preparedness and surveillance, growing work toward the development of novel typhoid antibody tests, and rise in healthcare spending.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Typhoid Antibody Testing Market 2024 Key Insights:

• 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%.
• Increase In Waterborne Diseases Driving Typhoid Antibody Testing Market Growth
• Advances In Molecular Diagnostic Tests For Typhoid Fever
• Asia-Pacific was the largest region in the typhoid antibody testing market in 2023

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