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Infectious Disease Diagnostic Market Size Is Projected to Reach USD 16870 Million by 2026 Growing at a CAGR of 3.2% | Valuates Reports
Diagnosis of infectious disease requires recognizing the presence of foreign antigen/organism using diagnostic devices, including kits. Many commercially available regular medical test kits are for bacterial infections and sexually transmitted diseases. Such diagnostic tests are, however, predicted to be replaced by molecular techniques in the future.
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The global Point-of-Care Infectious Disease Diagnostics / Testing market size in 2019 amounted to USD 997.7 million and is expected to reach USD 1452 million by the end of 2026, at a CAGR of 5.4 percent in 2021–2026.
This study focuses on the future outlook, growth potential, key industry, and key players. The purpose of this study is to address the production of Point-of-Care Infectious Disease Diagnostics / Testing in North America , Europe , China , Japan , Southeast Asia , India , and Central & South America .
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The global molecular diagnostics market size was estimated at USD 5,962 million in 2016 and is projected to raise USD 10,557 million by 2023, showing a CAGR of 9.1 percent in the 2017-2023 forecast.
Molecular diagnostics is a set of techniques used to examine biological markers in the genome and proteome by applying molecular biology to medical testing. Factors such as the increased prevalence of infectious diseases and different forms of cancer, increased awareness and acceptance of personalized drugs, increased recognition of biomarkers and development of molecular diagnostics are expected to drive the molecular diagnostics market size.
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The HIV diagnostics comprises experimental screening and confirmatory tests for HIV-1, 2 and in incidence tests, for category O. These tests have key screening purposes and are distinguished between the various classes and subtypes of the human immunodeficiency virus.
Due to the technological advancement of disease diagnostic tests and the anticipated production and commercialization of novel POC and rapid CD4, p24 antigen, and EID tests, it is expected that all the major regional market segments will witness an increase in market demand during the forecast period.
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This report studies the Global Tuberculosis Diagnostic Market size by participants, countries, product types and end industries, historical data for 2014-2018, and forecast data for 2019-2025. Furthermore, this study analyses the global competitive environment, market drivers and patterns, opportunities and challenges, risks, and barriers to entry, distribution channels, distributors, and Porter's Five Forces Analysis.
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