The global Infectious Disease Rapid Diagnostic Testing Market is forecasted to be worth USD 3.56 Billion by 2027, according to a current analysis by Emergen Research. The rising cases of infectious disease all over the globe and the need for the immediate diagnosis will propel market growth. The evolving pathogens and rise in the occurrence of hospital-acquired infections (HAIs) are creating a need for a quick diagnosis of the diseases to stop the spread. Governments all over the world are investing in rapid diagnostic testing kits to increase their rate of testing and prevent any sort of epidemic. The report provides detailed insights into Infectious Disease Rapid Diagnostic Testing market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Infectious Disease Rapid Diagnostic Testing market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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The advancement in technology has also encouraged the infectious disease rapid diagnostic testing market growth. Investment in research and development has helped in the development of effective diagnostic testing kits, which have helped in the advancement in the market product. However, the lack of proper reimbursement rates may result in lower access for patients to testing, which hinders market growth. The steady Infectious Disease Rapid Diagnostic Testing market share growth can be attributed to a variety of factors and trends in the global Infectious Disease Rapid Diagnostic Testing market currently. Global Infectious Disease Rapid Diagnostic Testing market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional Infectious Disease Rapid Diagnostic Testing market share growth over the forecast period.
Top key vendors in Infectious Disease Rapid Diagnostic Testing Market include are:
Abbott Laboratories, Danaher Corporation, BGI Group, DiaSorin S.p.A, F. Hoffmann-La Roche Ltd., Luminex Corporation, bioMérieux S.A., Hologic, Inc., Thermo Fisher Scientific Inc., and Becton, Dickinson, and Company, among others.
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Key Highlights From The Report
- Bio-Rad Laboratories, in February 2020, acquired Exact Diagnostics of Fort Worth. The acquisition helped the company gain accessibility to a catalog of molecular quality control products in virology, microbiology, respiratory, transplant vector-borne, and sexually transmitted infections.
- The lateral flow assay is among the most popular diagnostic tool that meets the requirement of colorimetric assays. It is an ideal diagnostic test, including features such as easy operation, less time consumption, durable stability, and low cost for the POC test.
- Viral Infection is among the most commonly witnessed Infection in primary care. HIV is a major global health issue and has claimed 38 million people by the end of 2019. The surge in this disease has created a dire need for the development of a rapid testing kit.
Region wise performance of the Infectious Disease Rapid Diagnostic Testing industry
Asia Pacific market share contribution to the global Infectious Disease Rapid Diagnostic Testing market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India Infectious Disease Rapid Diagnostic Testing market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.
Steady increase in Europe Infectious Disease Rapid Diagnostic Testing market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe Infectious Disease Rapid Diagnostic Testing market going ahead.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Infectious Disease Rapid Diagnostic Testing industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Infectious Disease Rapid Diagnostic Testing market across different regions?
- Who are the major driving forces expected to decide the fate of the Infectious Disease Rapid Diagnostic Testing industry worldwide?
- Who are the prominent market players making a mark in the Infectious Disease Rapid Diagnostic Testing market with their winning strategies?
- Which Infectious Disease Rapid Diagnostic Testing industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Infectious Disease Rapid Diagnostic Testing market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Infectious Disease Rapid Diagnostic Testing Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Infectious Disease Rapid Diagnostic Testing Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Infectious Disease Rapid Diagnostic Testing Market Segmentation & Impact Analysis
4.1. Infectious Disease Rapid Diagnostic Testing Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Infectious Disease Rapid Diagnostic Testing Market indicators analysis
4.2.2. Infectious Disease Rapid Diagnostic Testing Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Infectious Disease Rapid Diagnostic Testing Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Infectious Disease Rapid Diagnostic Testing products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued….
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