openPR Logo
Press release

Meningitis Diagnostic Testing Market is Expected to Surpass US$ 150.0 Mn by 2025

03-28-2018 03:47 PM CET | Health & Medicine

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Meningitis Diagnostic Testing Market is Expected to Surpass US$

Meningitis Diagnostic Testing Market: Snapshot

The global meningitis diagnostic testing market in rising with increasing prevalence of cryptococcal and viral meningitis. The global meningitis diagnostic testing market was valued over US$ 105.0 Mn in 2016 and is projected to witness cumulative annual growth rate (CAGR) of over 3.0% from 2017 to 2025 to surpass the value of US$ 150.0 Mn by 2025. The global market is witnessing relatively higher growth owing adoption, easy availability of lateral flow assay across all the regions over globe.

Request to View Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1973

Inflammation to the meninges is known as meningitis. Most common cause of meningitis is bacteria or virus. Other causes include certain illness, medications or suffering from some other disease such as tuberculosis, or HIV (Human Immunodeficiency Virus). According to the World Health Organization (WHO), HIV is another major infectious disease. As of October 2017, around 36.7 million people across the world were living with HIV. High prevalence of infectious diseases is likely to drive the demand for diagnostic tests and thereby, the in vitro diagnostics sector in the next few years. Meningitis diagnostic test are the test that are carried out on human samples, (e.g., CSF) in order to: diagnose meningitis, regulate drug therapies and to prevent meningitis.

The testing for meningitis can be done using various latest technologies involving rapid testing devices as well as analyzers which are laboratory instruments. Increasing demand for demand for advanced diagnostic technology for accurate diagnosis and increasing prevalence of meningitis are driving the growth of the meningitis diagnostic testing market globally, however complex regulatory framework restrain the growth of the meningitis diagnostic testing market. According to the World Health Organization, regular outbreaks of meningitis in countries in Africa have impacted the in vitro diagnostic industry and are likely to fuel the meningitis diagnostic testing market in these countries. Rising demand for point-of-care services is anticipated to drive the meningitis diagnostic testing market during the forecast period. Point-of-care services provide more accurate results in less time as compared to traditional methods.

Request to View Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1973

The global meningitis diagnostic testing market is divided into three segments: by product, by end user and by geography. Based on the product, the market has been further segmented into six major sub segments latex agglutination tests, lateral flow assay, PCR assay, ELISA tests, culture test, and others. Between these segments, PCR assay segment accounted for highest market share (in terms of revenue), in 2016. PCR assays provide accurate test results in a shorter span of time compared to other tests, with the sensitivity rate of 97%. This is projected to drive the PCR assay segment during the forecast period. Lateral flow assay segment is expected to grow at higher pace during forecast period this is due to low cost, rapid and reliable results in near-patient settings, and lack of requirement for any lab infrastructure or cold chain transport.

Based on the end user, the global meningitis diagnostic testing market has been segmented into hospital, diagnostic centers and others. The hospital segment accounted for a major share of the global meningitis diagnostic testing market end user segment in 2016, followed by diagnostic centers with substantial market share. Increase in number of multinational hospitals with advanced laboratory infrastructure have boosted the growth of the hospital segment during forecast period.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1973

Geographically, the meningitis diagnostic testing market has been categorized into five regions: North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the largest share of the global meningitis diagnostic testing market in 2016, followed by Asia Pacific with substantial market share. Availability of rapid diagnostic testing devices and increased patient awareness have boosted the growth of the market in North America. Asia Pacific is the most attractive market and expected to increase at the highest CAGR in the forecast period due to presence of vast population base especially in China and India undergoing meningitis diagnostic testing, rising patient awareness and developing laboratory infrastructure.

Report Overview @ https://www.transparencymarketresearch.com/meningitis-diagnostic-testing.html
The global meningitis diagnostic testing market is consolidated with few companies accounted for majority market share. Major players operating in the global meningitis diagnostic testing market are Thermo Fisher Scientific, Inc., Fast Track Diagnostics Ltd. (FTD) – Siemens Healthineers, Bio-Rad Laboratories, Inc., IMMY, BioFire Diagnostics, Nanosphere (Luminex Corporation), Seegene Inc., Qnostics, ELITechGroup, and Abbott Laboratories exhibit the largest geographical outreach with presence in multiple meningitis diagnostic testing products. Demand for technologically advanced tests along with continuous innovation would intensify competition among the top players. Manufacturers are adopting strategy of acquisitions and collaborations to sustain in the market these factors would lead to high competitive rivalry.

More Trending Reports by Transparency Market Research:

Pediatric Radiology Market: https://www.prnewswire.com/news-releases/global-pediatric-radiology-market-increasing-incidence-of-birth-traumas-to-drive-the-growth-observes-tmr-673783993.html
Hemostasis Diagnostics Market: http://globenewswire.com/news-release/2017/11/22/1204911/0/en/Global-Hemostasis-Diagnostics-Market-Innovation-to-be-Key-Focus-for-Players-finds-TMR.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
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 Meningitis Diagnostic Testing Market is Expected to Surpass US$ 150.0 Mn by 2025 here

News-ID: 996598 • Views: 139

More Releases from Transparency Market Research

Effervescent Packaging Market: Rising Demand for Fast Dissolving Drug Delivery S …
A recent study by Transparency Market Research (TMR) has detected that the global effervescent packaging market is heavily dependent on product innovation and in the near future, a number of strategic mergers and acquisitions will follow that will define the leader. Some of the key companies currently operating in the global effervescent packaging market are Sanner GmbH, Oracle Packaging, Inc., Unither Pharmaceuticals, Romaco Pharmatechnik GmbH, Parekhplast India Ltd., Tower Laboratories
Form-fill-seal Machines Market: Prosperity of Packaged Food and Beverage Industr …
An up-to-date study by Transparency Market Research (TMR) reveals that the global form-fill-seal machines market is fragmented in nature, although Robert Bosch GmbH does hold a position of strength, accounting for 11% of the overall market shares in 2017. Some of the other key players identified by the report who are making a mark in the global form-fill-seal machines market are: Tokyo Automatic Machinery Works Ltd., Uflex Ltd., Hayssen Flexible
Chatbot Market: Key Players and Production Information analysis
A 27.8% CAGR (Compound Annual Growth Rate) is set to mark the forecast period between 2016 and 2024, as per a Transparency Market Research (TMR) report. And, as per the analysts at TMR , some of the factors that the growth shall be attributed to are increasing popularity and adoption of Artificial Intelligence (AI) across industry verticals, including end-users, and innovation marking the landscape in a big way. This will
Digital Voice Recorder Market: Rising Allocations OnanalysisAnd Innovation
With the presence of a copious number of companies, the global market for digital voice recorder is fragmented with intense competition. In this scenario, top companies are aggressively engaged in technological advancements to serve ever-changing consumer demand, for which they are investing heavily in this market. In the years ahead, these players are likely to concentrate on regional expansion, for which they might resort to business alliances with regional players. Key

All 5 Releases


More Releases for Diagnostic

Lyme Disease Diagnostic Testing Market
The report presents a detailed analysis of the Lyme disease diagnostics market in the US, Europe (France, Germany, Italy, Spain, UK) and Japan. Current scientific views on the Lyme disease definition, epidemiology and etiology are reviewed. The report provides the 5-year test volume and sales forecasts by country for the following market segments: - Hospitals - Commercial/Private Labs
Infectious Disease Diagnostic Market
Infectious disease diagnostics involves identifying the presence of foreign antigen/organism using diagnostic tools such as kits. Most of the standard diagnostic test kits currently available are for bacterial infections and sexually transmitted diseases. However, in future these diagnostic tests are expected to be replaced by molecular techniques. The global infectious disease diagnostic market is expected to witness significant growth during the forecast period due to increasing prevalence of infectious diseases, increased
Cervical Dysplasia Diagnostic Market - by Diagnostic, and End Users
Cervical infection is major risk factor for progression of HPV. Currently, conventional Pap smear test or HPV test are the only test available for screening cervical infection, which in turn propels the demand for development of DNA-based molecular testing to detect human papillomavirus for diagnosis of cervical cancer. For instance, in 2016, Becton, Dickinson and Company received pre-diagnostic market approval from FDA for its Onclarity HPV assay, type of HPV
Global Dermatology Diagnostic Devices Market
https://www.qandqmarketresearch.com/report-sample/dermatology-diagnostic-devices-market-6 This report studies the global Dermatology Diagnostic Devices market status and forecast, categorizes the global Dermatology Diagnostic Devices market size value & volume by key players, type, application, and region. This report focuses on the top players in North America, Europe, AsiaPacific, South America, and Middle East & Africa. Dermatology diagnostic devices are used for treating and diagnosing skin disorders. These devices assist in early detection of skin disorders and improving
Cervical Cancer Diagnostic Tests Market
A new market research report has been recently published by Transparency Market Research, a global market intelligence firm, and made available on the company website. The research study talks about the current scenario of global cervical cancer diagnosis tests market, along with the growth prospects of the market. The research study, titled “Cervical Cancer Diagnostic Tests Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,”
Diagnostic Catheters Market 2017-2021
The latest industry research report on  Diagnostic Catheters by MRC provides a thorough analysis of the global  Diagnostic Catheters market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the  Diagnostic Catheters industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative