Flu Detection Device Market Research Report by Regional Analysis - North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Transparency Market Research presents this most up-to-date research on "Flu Detection Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024"

Influenza, commonly known as flu, is a contagious respiratory ailment caused in humans by influenza virus A and influenza virus B. There are three types of influenza viruses, namely, A, B and C; of these, type A virus is the most virulent strain. Type A strains can infect humans as well as animals, while influenza type B viruses exclusively infect human. Type C viruses are less common and cause mild diseases in children. Influenza viruses are RNA viruses and have two large glycoproteins, namely hemagglutinin (HA) and neuraminidase (NA), which are targets for antibody detection devices. Flu usually spreads during seasonal epidemics, which brings about deaths of thousands of people every year and millions during pandemic outbreaks. According to a World Health Organization report, seasonal epidemics worldwide are responsible for 3-5 million cases of severe illness, leading to 250,000 to 500,000 deaths every year. Currently used Influenza detection devices are either class I devices or class II devices. Flu detection devices detect antigens using specific labeled antibody or they work on nucleic acid amplification principle. In the 20th century, three influenza pandemics were reported, each of these pandemic being brought on by new strains of viruses in humans. There are fifteen subtypes of influenza viruses, of which H1N1, H2N2, H3N2, H5N1, H7N7 and H1N2 strains outbreaks were reported by WHO. In April 2009, a new influenza strain called Influenza A/H1N1 or swine flu emerged that consolidated genes from human, pig and bird avian virus. The flu emerged in the U.S., Mexico, and several other nations.

Influenza is a contagious ailment and is easily communicable and thus, requires rapid and accurate diagnosis for infection control and patient management. Influenza is treated using three types of products namely, prevention products, treatment products and diagnostics products. Increasing prevalence of chronic diseases, rising government initiatives and growing consumer awareness about pandemic and seasonal epidemics are some of the driving factors of flu detector device market. Rising geriatric population and advancements in influenza diagnostics tests are factors supporting growth of the flu detector device market. However, high development cost of flu detection device is projected to restrain growth of flu detector device market in the near future.

The global flu detection device market is segmented on the basis of product type, disease indication, end users and region. On the basis of product type, the global flu detection device market can be further segmented into Rapid Influenza Detection Test (RIDT), Direct Fluorescence Antibody Tests (DSFA), Direct Fluorescence Antibody Test (DFA) and Point of Care Detection device. These flu detection device products fall under FDA’s Class I devices and Class II devices. Flu detection devices provide diagnosis on the basis of various techniques such as reverse transcription-PCR, ELISA, antibody binding, and electrospray ionization- mass spectrometry. On the basis of disease indication, flu detection device market is categorized into Influenza A, Influenza A/B and RSV virus detection. On the basis of end users, the market is segmented into hospitals, specialized clinics, diagnostic centers, research laboratories and contract research organizations.

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Worldwide outbreak of seasonal and pandemic influenza ailments and emergence of novel influenza viruses is increasing risk to public health due to which, the rapid influenza detection test segment is expected to account for the largest share of the global flu detection device market. However, the FDA pointed out the poor performance of RIPD test during 2009 pandemic outbreak which is projected to restrain growth of this segment in flu detection device market to a certain extent. As per CDC estimations, around 60.8 million cases of H1N1 influenza were reported in the U.S. in 2009. Thus, on the basis of disease indication, Influenza A segment is expected to expand at a high CAGR over the forecast period.

The global flu detection device market is divided into five key regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. In terms of geography, North America is expected to account for major market share in the global flu detection device market. Asia and Europe also account for considerable market share in the flu detection device market and are expected to witness significant growth in the near future. Rapid growth of the market in these regions is attributed to increasing prevalence of chronic diseases and rising geriatric population.

Some of the key players in this market are Cepheid (U.S.), Roche Molecular Systems Inc. (U.S.), Becton, Dickinson and Company (U.S.), Alere (U.S.), Meridian Life Sciences (U.S.), Thermo Fisher Scientific Inc., Fast-track diagnostics Ltd., R-Biopharm AG, Sekisui Diagnostics, DiaSorin Molecular LLC., Maccura, and LifeSign PBM.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

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