Infinium Global Research has added a new report on Global Infectious Disease Diagnostic Market. The report covers the analysis of global as well as regional markets of infectious disease diagnostic. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global infectious disease diagnostic market is projected to grow at a CAGR of 8.7% over the forecast period of 2019-2025.
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Infectious disease diagnostics is the procedure by which the causative agent of an infectious disease is identified and often characterized. Infectious disease is one of the common medical condition that accounts for millions of deaths each year. The several types of bacteria, viruses, fungi or parasites are organisms that cause infectious disorders including tuberculosis, malaria, AIDS, and others. It can be based solely on clinical presentation or more rigorous diagnostic tests, such as culturing of the infectious agent, microscopy, biochemical screens, and molecular methods.
Increasing Incidences of Infectious Diseases are the Key Factor that Drives the Growth of Infectious Disease Diagnosis Market
Increasing incidences of infectious diseases are the key factor that drives the growth of infectious disease diagnosis market. Additionally, increasing demand for advanced technologies in the treatment of infectious disease, and high investment in R&D activities from government and private organizations are fueling the growth of infectious disease diagnostic market. Furthermore, the introduction of point of care diagnosis market to provide high quality, sensitivity, accuracy, and reliability are contributing to the growth of infectious diseases diagnostics market.
However, lack of awareness of novel diagnostic technologies, the cost associated with the IDD treatment and stringent government regulatory guidelines are the prime factors restraining the growth of this growth. Moreover, companies operating in the market, which is focusing on developing novel diagnostics, as well as initiatives are taken by the government and private organizations pertaining to the diagnosis of the infectious diseases among the people provide more opportunities for the market to grow over the forecast period.
North America Holds the Maximum Market Share in the Infectious Disease Diagnostic Market
Among the geographies, North America holds the maximum market share in the infectious disease diagnostic market followed by Europe. The growing occurrence of infectious diseases and rising the shift towards decentralized laboratories are the primary factors that drive the growth of North America infectious diseases market. Addition developed healthcare infrastructure and ongoing research on Infectious disease diagnostics are favoring the growth of Infectious disease diagnostics market in the North America region. Furthermore, Asia Pacific is the fastest growing region in the Infectious disease diagnostics market majorly owing to the growing awareness about the Infectious disease and their diagnostics and rising healthcare expenditure.
Infectious Disease Diagnostic Market: Segmentation
The report on global infectious disease diagnostic market covers segments such as product, technology, application, and end users. On the basis of product, the sub-markets include instruments, reagents, and software & services. On the basis of technology, the sub-markets include conventional technology, biochemical technology, and molecular technology. On the basis of application, the sub-markets include bacterial infection, viral infection, CNS infection, cardiovascular infection, fungal infection, sexually transmitted disease, and other applications. On the basis of end users, the sub-markets include hospital and research institutes.
Infectious Disease Diagnostic Market: Competitive Landscape
The report provides profiles of the companies in the market such as Beckman Coulter, Inc., Chembio Diagnostic Systems, Inc., Orasure Technologies, Bio-Rad Laboratories, Inc., BioMérieux, Hologic, Inc., Danaher Corporation, Quidel Corporation, Trinity Biotech plc, Meridian Bioscience Inc., and other companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the infectious disease diagnostic.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.