Pneumococcal Vaccines Market to Suffer Slight Decline in 2021, Efforts to MitigaPosted by aliena on February 3rd, 2021 Enhanced focus on accuracy and reliability of pneumococcal testing continues to shape the market. As reliability of diagnostic tests remain the backbone of pathogen-directed treatment, increased emphasis on enhanced patient care is driving the growth of pneumococcal testing market. Proliferation of diagnostic tests in both developing and developed economies is the growth engine of pneumococcal testing market, according to a new study of Future Market Insights (FMI). The study finds that global pneumococcal testing market surpassed a billion-dollar revenues in 2019. Prolific demand for analyzers is stimulating market growth, with consumables closing in. Moreover, immunofluorescence is gaining paramount importance in pneumococcal testing market. "Notable players must divert substantial pecuniary resources towards their key forte i.e. research and development along with strategic acquisitions for robust competitive position in pneumococcal testing market," concludes the FMI report. Request report sample with 200+ pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-11289 Pneumococcal Testing Market - Key Takeaways
Pneumococcal Testing Market - Key Driving Factors
Pneumococcal Testing Market - Key Restraints
Impact of COVID-19 on Pneumococcal Testing Market The global pneumococcal testing market is projected to expand on the back of ongoing COVID-19 pandemic. Being one of the leading causes of mortality among children, pneumococcal testing is necessary for identifying the vulnerable groups during the widespread outbreak. Moreover, immunization programs, led by WHO and UNICEF are propelling the demand for pneumococcal testing. However, the market may witness a brief slowdown as leading pharmaceutical companies, vaccine developers, and research institutes are currently focused on creating a vaccine for COVID-19. The market will regain its pace once the pandemic begins to recede. Competition Analysis Some of the prominent companies in global pneumococcal testing market that are profiled in this FMI report include, but are not limited to, Abbott Laboratories, F-Hoffman la Roche Ltd, and Thermo Fisher Scientific Inc. Established players continue to do extensive research and development to offer more accurate testing. Prevention and timely detection will be the new fundamentals of future healthcare systems. Hence, all major strategies of industry leaders will be aligned towards that principle. Moreover, key companies will channel substantial resources towards syndromic screening approach, and point of care infection control. Strategic acquisition remains key collaborative approach of market leaders as well. For instance, Thermo Fisher Scientific Inc. acquired QIAGEN N.V. in March 2020 which strengthened R&D expertise and industry-leading capabilities of both companies. Like it? Share it!More by this author |