Infectious Testing Market is Booming Market to Grow at Healthy CAGR forecast

Posted by nileshdbmr on April 6th, 2021

Infectious testing market is set to witness a substantial CAGR of 6.9% in the forecasted period of 2020-2026. Infectious disease diagnostics are the devices that are used for the detection of microorganism present in human body.

Infectious diseases occur by several means such as infected food, water, air, neighborhood, from associate degree infected person, bacteria, virus and fungi. Infectious disease conditions are widespread in underdeveloped regions due to dearth of awareness of personal hygiene, less healthcare expenditures and lack of efficient physician services.

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Segmentation: Global Infectious Testing Market

•          By Product & Service(Assays, Kits, & Reagents , Instruments , Services & Software)
•          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)
•          By Disease Type (Hepatitis, Human Immunodeficiency Virus (HIV), Chlamydia Trachomatis Genital Infection and Gonorrhea (CT/NG), Hospital-Acquired Infections (HAIS), Human Papillomavirus (HPV), Tuberculosis (TB), Influenza, Other Infectious Disease)
•          By End User(Hospital/Clinical Laboratories, Reference Laboratories, Physician Offices, Academic/Research Institutes, Other End Users )

Competitive Analysis: Global Infectious Testing Market

Global infectious testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of infectious testing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major market competitors currently working in global infectious testing market are F. Hoffmann-La Roche Ltd, Abbott, bioMérieux SA, BD, Siemens Healthcare Private Limited, Thermo Fischer Scientific, Inc., Bio-Rad Laboratories,Inc, Sysmex Corporation, Beckman Coulter, Inc, Danaher, Chembio Diagnostics Systems Inc., Cepheid, Meridian, Trinity Biotech, Sekisui Diagnostics, Quidel Corporation, MedMira, Inc., Calypte, Portland, Quest Diagnostics Incorporated, Aperiomics, Inc  and others

Market Drivers

•          Increasing prevalence of infectious diseases is a driver for this market
•          Rising requirement for advanced technologies in the treatment of communicable disease is driving the market growth
•          High investment in R&D activities from government and personal organizations is boosting the market growth
•          Large number of diagnostic tests carried out in hospitals is propelling the growth of the market