DUBLIN--(BUSINESS WIRE)--The "Infectious Disease Diagnostics Market by Product (Assays and Kits, Instruments, and Software & Services), Technology (Immunodiagnostics, NGS, PCR), Disease Type (Hepatitis, HIV, HPV, Tuberculosis), End User, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global infectious disease diagnostics market is expected to grow at a CAGR of 5.9%.
Succeeding an extensive secondary and primary research and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges.
The factors such as increasing global prevalence of infectious diseases, growing awareness of early detection using specific diagnostic tests, growth in funding for research on infectious disease diagnostics, and shift in focus from centralized laboratories to decentralized point-of-care testing are driving the growth of this market. However, unfavorable and inadequate reimbursement scenarios may hamper the growth of this market to a certain extent.
On the basis of product type, the assays and kits segment dominated the global infectious disease diagnostics market in 2018, owing to the increasing prevalence of infectious diseases, rising awareness among the population to identify the diseases, and increasing use of kits and reagents to identify the organism causing various diseases in lesser time and cost.
On the basis of technology, immunodiagnostics accounted for the largest share of the global infectious disease diagnostics market. This is owing to the increasing use of immunoassays in POC infectious disease testing, the development of novel tests, the rising trend of automation, increasing awareness about health and fitness, and reduced complications associated with the instruments.
The hepatitis segment held the largest share of the infectious disease diagnostics market. This is mainly attributed to the increasing prevalence of hepatitis B & C infection, rising susceptibility of the geriatric population, growing awareness among the population, and the increasing availability of various molecular diagnostic technologies.
Based on the end user, the hospital/clinical laboratories segment held the major share in 2018. This is primarily attributed to the increasing number of outpatients for infectious diseases, increasing hospital expenditures, growing technological advancement for diagnostic platforms in hospitals, and an increasing number of skilled professionals.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region.
North America commanded the largest share of the global infectious disease diagnostics market in 2018, followed by Europe and Asia Pacific. The large share of this region is mainly attributed to the factors such as growing healthcare sector, increasing need to treat various infectious diseases, growing healthcare expenditure, increasing demand of point-of-care testing, increase in the research and development coupled with the development of novel advanced technologies for diagnosis, and a large number of patient population.
The major players operating in the global infectious disease diagnostics market are Abbott Laboratories (U.S.), Danaher (U.S.), Bio-Rad Laboratories (U.S.), bioMrieux SA (France), F. Hoffmann-La Roche Ltd (Switzerland), BD (U.S.), DiaSorin S.p.A. (Italy), Meridian Bioscience, Inc. (U.S.), Quidel Corporation (U.S.), and Thermo Fisher Scientific Inc. (U.S.) among others.
Scope of the Report
Infectious Disease Diagnostics Market, by Product
- Assays and Kits
- Instruments
- Software & Services
Infectious Disease Diagnostics Market, by Technology
- Immunodiagnostics
- Clinical Microbiology
- Polymerase Chain Reaction (PCR)
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- DNA Sequencing & Next-Generation Sequencing (NGS)
- DNA Microarray
- Other Technologies
Infectious Disease Diagnostics Market, by Disease Type
- Hepatitis
- HIV
- Hospital-Acquired Infections
- HPV
- Tuberculosis
- Influenza
- Other Infectious Diseases
Infectious Disease Diagnostics Market, by End User
- Hospital/Clinical laboratories
- Reference Laboratories
- Academics/Research Institutes
- Other End User
Infectious Disease Diagnostics Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
Market Dynamics
Drivers
- Increasing Global Prevalence of Infectious Diseases
- Growing Awareness for Early Detection Using Specific Diagnostic Tests
- Growth in Funding for Research on Infectious Disease Diagnostics
- Shift in Focus from Centralized Laboratories to Decentralized Point-of-Care Testing
Restraint
- Unfavorable & Inadequate Reimbursement Scenario
Challenge
- Lack of Awareness of Specific Symptoms & Diagnosis of Emerging Infections
Opportunities
- Advances in Genomics & Proteomics
- Growing Awareness about Personalized Medicines
- Growth Opportunities in Emerging Economies
Companies Profiled
- Abbott Laboratories
- BD (Becton, Dickinson and Company)
- Bio-Rad Laboratories Inc.
- bioMerieux
- Danaher
- DiaSorin S.p.A.
- F. Hoffmann-La Roche Ltd.
- Meridian Bioscience Inc.
- Quidel Corporation
- Thermo Fisher Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/gzlzk0
