Infectious Diseases Diagnostics Market is expected to reach US$ 1.50 Bn by 2024

Infectious Diseases Diagnostics Market 2022

Global Demand for Infectious Disease Diagnostic Test Kits to Reach US$ 876.8 Mn in 2016, with APAC Expected to Emerge the Most Lucrative Market over the Forecast Period.

Healthcare Diagnostics are expected to continue to be the mainstay of assessment of any of the ailments. More than 70% of medical decisions with regards to prevention, management, and treatment of disease have their base in diagnostics. The post-Covid era has actually pushed healthcare diagnostics into the innovation-oriented curve, that too, with the upgraded equipment and incorporation of the newest software apps for upscaling the tests needed to be conducted, without compromising on affordability, precision, and quality control. This would be the inclination of healthcare diagnostics going forward.

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According to the latest market report published by Persistence Market Research, titled “Global Market Study on Infectious Diseases Diagnostics: Increasing Demand for Evidence-Based Treatment to Boost Demand for Infectious Diagnostic Testing during Forecast Period”. The global market for infectious diseases diagnostics is estimated to reach US$ 876.6 Mn in 2016 from US$ 827.7 Mn in 2015 owing to increasing demand for diagnostic kits caused by rising incidence rate of infectious diseases.

The global infectious disease diagnostics market is expected to reach US$ 1503.8 Mn by 2024. Sexually Transmitted Diseases (STDs) segment is expected to continue to remain the largest segment by diseases indication accounting for US$ 282.4 Mn in terms of revenue in 2016, a Y – o – Y increase of 7.0% over 2015. The chlamydia diagnostics test kits are expected to gain upward momentum in 2016, growing at 8.9% in terms of revenue, the fastest among disease indication segment.

Company Profiled

• Becton Dickinson & Company
• Cepheid, Inc.
• Abbott Laboratories
• bioMerieux SA
• Hologic, Inc.
• Danaher Corporation
• Thermo Fisher Scientific, Inc.
• Roche Diagnostics
• Alera Inc.
• DiaSorin SpA
• Quidel Corporation
• Bio-Rad Laboratories, Inc.

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Cell cultures segment is expected to register highest CAGR in terms of revenue, by test type accounting for US$ 311.4 Mn in terms of revenue in 2016. The affordability of cell culture kits and large applications in diagnosis of several infectious diseases is gaining traction. Consumption demand for cell culture test kits will witness a growth rate of 7.2 % in 2016 over 2015.

Diagnostic centers end user segment is expected to register highest CAGR in terms of revenue, accounting for US$ 392.8 Mn in terms of revenue in 2016. The increasing number of diagnostics centers, worldwide and a large number of patient pool depending on diagnostics centers for diagnosis of infectious diseases is expected to increase demand for diagnostics tests among diagnostics centers. The diagnostics centers end user segment will witness a growth rate of 7.4 % in 2016 over 2015.

Becton, Dickinson and Company, Cepheid, Inc. Abbott Laboratories, bioMérieux SA, Hologic, Inc., Danaher Corporation, Thermo Fisher Scientific Inc., Roche Diagnostics, Alere Inc., DiaSorin S.p.A., Quidel Corporation, and Bio-Rad Laboratories, Inc. are key players in the market. Top players are focusing on developing new products and improving sensitivity and specificity of the test kits. Collaborations and joint ventures among manufacturers and local governments are key business strategies being adopted to increase market share.

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Key geographies evaluated in this report are:

North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others

Key Questions Answered in This Report.

• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?

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