Jersey City, N.J., April 20, 2022 /PRNewswire/ -- Increase in number of infectious diseases and the onset of COVID-19, an increase in the number of patients suffering from infectious diseases, the Infectious Disease Diagnostics Market is predicted to grow during the forecast period.
Verified Market Research recently published a report, "Infectious Disease Diagnostics Market" By Product and Service (Instruments, Assays, Reagents, and Kits, Software and Services), By Disease Type (Hepatitis, Influenza, Tuberculosis), and By Geography. According to Verified Market Research, the Global Infectious Disease Diagnostics Market size was valued at USD 13,535.75 Million in 2020 and is projected to reach USD 17,432.31 Million by 2028, growing at a CAGR of 3.21% from 2021 to 2028.
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Browse in-depth TOC on "Infectious Disease Diagnostics Market"
202 - Pages
126 - Tables
37 - Figures
Global Infectious Disease Diagnostics Market Overview
The COVID-19 pandemic had a negative influence on most companies' overall sales, but it had a favorable impact on the infectious illness diagnostics industry since infectious disease diagnostic procedures were used for COVID-19 testing. Lockdowns triggered by the COVID-19 epidemic forced people to put off getting their health checked, reducing the number of tests performed and reagent sales. However, as governments increasingly loosen travel restrictions, there is a rebound in testing numbers. With the COVID-19 pandemic, dealing with infectious diseases has become a major medical problem around the globe.
Aside from vaccinations and therapeutic medications, there is an increasing demand for the development of more precise and simple testing methods, as well as the expansion of testing structures. Because of the increased number of patients suffering from infectious diseases, the Infectious Disease Diagnostics Market is predicted to grow. Infectious diseases kill approximately nine million people worldwide, according to research. The market's growth has been aided by the growing number of point-of-care testing or diagnostic centers. Due to increased funding for infectious disease diagnostics, the market is expected to grow at a rapid pace in the coming years. However, a patient's reimbursement concerns are a significant contributor to a market slowdown. During the projection period, these factors, combined with the growing tendency toward preventative care, are projected to increase demand for infectious disease diagnostics.
Key Developments
- In June 2018, Roche Diagnostics and GE Healthcare had formed a strategic partnership to jointly develop and sell digital clinical decision support technologies.
- In March 2020, Abbott launched the COVID-19 Test, which offers a 5-minute result.
Key Players
The major players in the market are Roche Diagnostics, Danaher Corporation, Abbott Laboratories, Thermo Fisher Scientific, Biomérieux SA, Siemens Healthineers AG, Bio-Rad Laboratories, Inc., Epitope Diagnostics, Inc., Trivitron Healthcare, Luminex.
Verified Market Research has segmented the Global Infectious Disease Diagnostics Market On the basis of Product and Service, Disease Type, and Geography.
- Infectious Disease Diagnostics Market, By Product and Service
- Instruments
- Assays, Reagents, and Kits
- Software and Services
- Infectious Disease Diagnostics Market, By Disease Type
- Hepatitis
- Influenza
- Tuberculosis
- Human Immunodeficiency Virus
- Others
- Infectious Disease Diagnostics Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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