Press release
Typhoid Antibody Testing Market Growth Accelerates: Strategic Forecast Predicts $11.44 Billion by 2029
Typhoid Antibody Testing
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What Will the Typhoid Antibody Testing Industry Market Size Be by 2025?_x000D_
The market for typhoid antibody testing has seen robust growth in the past few years. The projections indicate an increase from $7.83 billion in 2024 to $8.46 billion in 2025, equating to a compound annual growth rate (CAGR) of 8.2%. The previous growth trend has been credited to factors such as the increased collaborative initiatives in creating new testing tools, surge in developing nations, amplified competition, budget-friendly diagnostic kits, and government backing._x000D_
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What's the Long-Term Growth Forecast for the Typhoid Antibody Testing Market Size Through 2029?_x000D_
The market for typhoid antibody testing is anticipated to experience robust expansion in the years to come, ballooning to a staggering $11.44 billion by 2029 with a CAGR of 7.8%. The predicted growth during this period can be accredited to factors such as the escalating instances of typhoid, higher morbidity and mortality rates, amplified demand for testing due to travel, increased spending on healthcare, and heightened knowledge on typhoid fever within the healthcare community and among the general populace. Key trends expected during this forecasting period encompass advanced technological breakthroughs, international health campaigns, a focus on readiness and monitoring for outbreaks, intensified efforts for the creation of innovative typhoid antibody tests, and a surge in expenditure towards healthcare._x000D_
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What Are the Key Growth Drivers Fueling the Typhoid Antibody Testing Market Expansion?_x000D_
The escalating prevalence of diseases transmitted through water is anticipated to spur the expansion of the typhoid antibody testing market. Illnesses caused by disease-causing microorganisms disseminated via impure water are termed waterborne diseases. The prevalence of such maladies is linked to substandard sanitation and hygiene, limited availability of unpolluted drinking water, swift urban development, changes in climate, and agricultural waste. Typhoid antibody testing is instrumental in early detection, verification, and scrutiny of typhoid fever treatment effectiveness. It facilitates carrier identification and the application of precautionary measures, playing an integral part in managing and curtailing waterborne diseases. For instance, the Coalition against Typhoid, an organization based in the US, focused on the prevention of typhoid and other types of invasive salmonellosis, reported that there were 7,681 typhoid cases (a waterborne disease) in the Philippines from January to August 2022, indicating a 109% surge compared to the same duration the previous year. Hence, this increase in waterborne diseases is propelling the growth of the typhoid antibody testing market._x000D_
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What Are the Key Trends Driving Typhoid Antibody Testing Market Growth?_x000D_
Leading businesses in the typhoid antibody testing market are prioritizing the creation of innovative solutions such as molecular diagnostic tests to improve the accuracy and speed of diagnosing typhoid fever. Molecular diagnostic evaluations have significant sensitivity and specificity, enabling precise and quick detection of pathogens like Salmonella Typhi that cause typhoid. For example, Vanguard Diagnostics, a diagnostic reagent manufacturer based in India, introduced VANSCAN typhoid RT PCR test in April 2023. This is a molecular diagnostic test premised on its proprietary technology. This test, which uses a real-time PCR (RT-PCR) testing methodology, provides more accurate and sensitive results compared to conventional serological tests. The VANSCAN Typhoid RT PCR Test greatly improves typhoid diagnostics, setting a new benchmark for early, reliable, and accurate disease detection in India and internationally._x000D_
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How Is the Typhoid Antibody Testing Market Segmented?_x000D_
The typhoid antibody testing market covered in this report is segmented - _x000D_
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1) By Product Type: Rapid Serological Tests, Hem-agglutination And Co-agglutination, Counter Immunoelectrophoresis, Typhidot Test, Widal Test_x000D_
2) By Paratyphi Type: Paratyphi A, Paratyphi B, Paratyphi C_x000D_
3) By End-User: Hospitals, Serological Testing Centers, Clinics, Diagnostic Centers, Other End Users_x000D_
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Subsegments:_x000D_
1) By Rapid Serological Tests: Lateral Flow Immunoassays (LFIA), Immunochromatographic Tests (ICT), Enzyme-Linked Immunosorbent Assays (ELISA) _x000D_
2) By Hem-agglutination And Co-agglutination: Hemagglutination Assay, Co-agglutination Assay _x000D_
3) By Counter Immunoelectrophoresis: Gel-Based Counter Immunoelectrophoresis, Paper-Based Counter Immunoelectrophoresis _x000D_
4) By Typhidot Test: Typhidot-M (IgM) Test, Typhidot-G (IgG) Test _x000D_
5) By Widal Test: Tube Widal Test, Slide Widal Test_x000D_
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Which Companies Are Leading the Charge in Typhoid Antibody Testing Market Innovation?_x000D_
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 _x000D_
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Which Regions Are Leading the Global Typhoid Antibody Testing Market in Revenue?_x000D_
Asia-Pacific was the largest region in the typhoid antibody testing market in 2023. The regions covered in the typhoid antibody testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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