DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Tuberculosis Testing Market: Trend Analysis and Forecast to 2022" report to their offering.
The global tuberculosis market is expected to grow at a CAGR between 4.3% - 4.8% during the forecast period of 2016-2022. High numbers of increasing TB cases, i.e. from 8.6 million in 2012 to 9 million in 2013, coupled with high prevalence and incidences of TB are the major factors responsible for high growth of the tuberculosis testing market. In addition, availability of new improved tests, increasing awareness level, developing infrastructure and increased involvement of some of the world's leading organizations such as WHO (World Health Organization) and FIND (Foundation for Innovative New Diagnostics) are contributing to the global growth of this market.
On the other hand, high costs associated with testing procedures, lack of specificity and requirement of specialized equipment are the prime challenges of this market that are likely to limit the global growth over the forecast period. Rising prevalence of TB, tuberculosis awareness and control programs launched by government organizations, and great market potential due to developing economies are expected to bring new growth opportunities in near future.
As of 2013, Asia Pacific registered the largest share of overall tuberculosis testing market, trailed by North America. Asia Pacific is also the largest market for TB testing in terms of revenue and accounted for more than 36% of the global market, followed by North America. The markets in Asia are primarily driven by emerging economies, such as India and China, and the presence of a vast patient pool which is increasing at a rapid pace due to increasing rates of disease. North America is the second largest revenue generating region and forecasted to grow at a rapid rate over the forecasted period.
- Abbott Laboratories
- Akonni Biosystems, Inc.
- Alere, Inc.
- Becton, Dickinson and Company
- BioMérieux SA
- Epistem Holdings Plc
- F. Hoffmann-La Roche Ltd.
Key Topics Covered:
1. Report Overview
2. Executive Summary
3. Tuberculosis Testing Market Overview
4. Global Tuberculosis Testing Market, by Test Type
5. Global Tuberculosis Testing Market, by End User
6. Global Tuberculosis Testing Market, by Region
7. Leading Companies
For more information about this report visit http://www.researchandmarkets.com/research/dhdw9h/global