Press release
Global Tuberculosis Testing Market to Expand at a CAGR of 4.3% from 2014 to 2020
Among them, the top players namely, Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, and Hain Lifescience GmbH are focusing hard to develop novel tuberculosis testing methodologies.
Obtain Report Details @ http://www.transparencymarketresearch.com/tuberculosis-testing-market.html
A report by Transparency Market Research predicts the global tuberculosis testing market to expand at a CAGR of 4.3% between 2014 and 2020. Progressing at this pace, the global is expected to reach a valuation of US$2.6 bn by the end of 2020 from US$1.9 bn in 2013.
Culture-based TB Testing to Stay Significant in Future
Culture-based TB tests accounted for the leading share of the market in 2013. The segment contributed US$691.2 mn to the overall market in the same year. Culture-based TB tests are expected to display steadfast growth over the forecast period owing to their reliability and accuracy. On the other hand, other tests segment is anticipated to display the swiftest growth on the back of several advantages such as high accuracy, single visit requirement, and rapid result generation among others.
By geography, North America, Europe, Asia Pacific, and Rest of the World are the segments into which the global TB testing market is divided. In 2013, Asia Pacific accounted for the leading 35% share in the overall market. The presence of a large pool of TB patients due to high discharge of particulate matter and high air pollution in countries such as India and Malaysia are key factors behind the region’s leading share in the market.
Involvement of Leading Non-profit Organizations for Development of Novel Techniques Benefits Market
Some of the key growth drivers of the global tuberculosis testing market include increasing incidence of tuberculosis and the increasing adoption of novel and advanced molecular rapid culture diagnostic tests worldwide. The increasing involvement of some leading non-profit organizations for the development of novel TB diagnostic tests is having a profound impact on the growth of this market. The market is also receiving a boost due to the entry of new product developers with a robust pipeline of testing methodologies.
As per a report from the World Health Organization, tuberculosis has been identified as one of the leading causes of death globally. In 2013, tuberculosis was the cause of 1.5 mn deaths worldwide, adds the report. This alarming number has led to the increased demand for TB testing techniques. In addition, a number of government as well as non-government bodies are involved in programs for awareness for TB and preventive care programs, leading to the increased demand for TB testing. For instance, the World Health Organization and the Foundation for Innovative New Diagnostics have been influential in spreading awareness regarding TB, need for early diagnosis, and treatment options, and are also spearheading preventive programs such as Stop TB.
Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2267
Furthermore, the immense potential for tuberculosis testing programs in developing economies will extend growth opportunities to the market.
Proving a hindrance to the growth of TB testing market is the soaring cost of a number of tuberculosis tests.
The review presented is based on the findings of a report by Transparency Market Research, titled “Tuberculosis Testing Market ( Test Type - Smear Microscopy, Culture Based Tests, Nucleic Acid Testing, Mantoux Test, Radiography, and Drug Susceptibility Testing ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Tuberculosis Testing Market to Expand at a CAGR of 4.3% from 2014 to 2020 here
News-ID: 667800 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Test
Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami …
12.04.2024: Vitamin Test Market Overview
The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,…
CAGR 8.1% Homecare Pregnancy Test Kits Market By Type of Test (Urine Test For H …
The Homecare Pregnancy Test Kits market report by Reports and Data provides an extensive overview of the vital elements of the Homecare Pregnancy Test Kits market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. Further, it mentions the market shares associated with the market in terms of both value and volume along with the segmentation. Space-age industrial and digitalization tools are…
Home Safety Test Kits Market, Home Safety Test Kits Market Trends, Home Safety T …
“Home Safety Test Kits Market” 2020-2025 Research Report is a professional and in-depth study on the current state of the market. Global Home Safety Test Kits market containing a complete view of the market size, business share, profit estimates, SWOT analysis and the regional landscape of the Industry. The report explains key challenges and future development prospects of the market. The Global Home Safety Test Kits analysis is provided for…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Hearing Screening and Diagnostic Devices Market Demands with Major Tests: pure T …
New Market Research Reports Title "Hearing Screening And Diagnostic Devices Market 2018" Has Been Added to Crystal Market Research Report database.
Hearing Screening and Diagnostic Devices - Competitive Insights:
The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. The major players in the market are profiled in detail…
Global Low Temperature Test Equipment Market Outlook 2017 : Ektron Tek, IEC Test …
Global Low Temperature Test Equipment Market 2017-2022
A market study ” Global Low Temperature Test Equipment Market ” examines the performance of the Low Temperature Test Equipment market 2017. It encloses an in-depth Research of the Low Temperature Test Equipment market state and the competitive landscape globally. This report analyzes the potential of Low Temperature Test Equipment market in the present and the future prospects from various angles in detail.
The Global…
