USD 27850.14 million
Report ID:
SQMIG35G2215 |
Region:
Global |
Published Date: September, 2024
Pages:
242
|Tables:
154
|Figures:
77
Global Infectious Disease Diagnostics Market size was valued at USD 21.20 billion in 2022 and is poised to grow from USD 22.94 billion in 2023 to USD 43.09 billion by 2031, growing at a CAGR of 8.20% during the forecast period (2024-2031).
Growing number of elderly people who are prone to infectious diseases, increasing awareness about early diagnosis, high demand for PoC diagnosis due to epidemics, rising infectious diseases are major factors driving the market in the forecast period.
The growing aging population worldwide and numerous untapped opportunities in developing countries are expected to boost the growth of the industry during the forecast period. According to World Bank Group estimates that in 2022 there were approximately 779 million people aged 65 & older worldwide. In addition, the number of individuals aged 80 and older is expected to more than double in 2050. The rise of infectious diseases is an important driver of rapid income. Moreover, it must be done routine screening of adults to avoid serious infections.
Increased regulatory scrutiny of the infectious disease diagnostics market as well. The regulatory framework for drug approval has always been one of the major inhibitors in the clinical research industry. The regulatory framework for the research sector is very strict in countries where the market has great potential for growth due to the large patient pool. Such sporadic and uncertain regulatory processes for in vitro diagnostics confuse manufacturers for commercial purposes.
There are very few direct alternatives to in vitro diagnostics products and services. The use of infectious imaging devices may restrain the market growth to some extent. However, IVD testing for infectious diseases outweighs the risk of alternatives due to its high accuracy and cost.
US Infectious Disease Diagnostics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 27850.14 million
Largest Segment
Immunodiagnostics
Fastest Growth
Immunodiagnostics
Growth Rate
6.5% CAGR
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Global Infectious Disease Diagnostics Market is segmented by Product & Service, Type of Testing, Sample Type, Disease Type, Technology, End User, and region. Based on Product & Service, the market is segmented into Reagents, Kits, And Consumables, Instruments, Software & Services. Based on Type of Testing, the market is segmented into Laboratory Testing, POC Testing. Based on Sample Type, the market is segmented into Blood, Serum, and Plasma, Urine, and Other Sample Types. Based on Disease Type, the market is segmented into Hepatitis, HIV, Hospital-acquired Infections, Mosquito-borne Diseases, HPV, Chlamydia Trachomatis, Neisseria Gonorrhea, Tuberculosis, Influenza, Syphilis, Other Infectious Diseases. Based on Technology, the market is segmented into Immunodiagnostics, Clinical Microbiology, Polymerase Chain Reaction, Isothermal Nucleic Acid Amplification Technology, DNA Sequencing & Next-generation Sequencing, DNA Microarray, Other Technologies. Based on End User, the market is segmented into Diagnostic Laboratories, Hospitals & Clinics, Academic Research Institutes, Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Technology
Molecular diagnostic technology accounted for the largest market share of 35.76% in 2023. This can be attributed to the increased high accuracy of MDX technologies such as PCR, NGS, and its tests. Furthermore, key companies have participated the introduction of new devices for molecular diagnostics and the expansion of their product range. For example, in April 2023, ELITEchGroup published the roadmap for its upcoming innovation, the introduction of a high-throughput sample results in molecular-diagnostic tool. Immunodiagnostic technologies are expected to increase over the forecast period. The increasing demand for rapid research has led companies to focus on developing and commercializing antiviral drugs. For example, in October 2023, the widespread use of immunoassays for the diagnosis of various infectious diseases is expected to increase in the coming years.
The diagnostic laboratories segment plays an important role in the global infectious disease diagnostics market, serving as a key pillar in the identification, diagnosis and management of infectious diseases and delivery, respectively. A key strength of diagnostic laboratories is the ability to use advanced technologies such as polymer chain reaction (PCR), next-generation sequencing (NGS), and machine detection automated disease management to provide accurate and rapid detection of infectious agents. The scale at which diagnostic labs operate allows for comprehensive diagnostics, often serving hospitals, clinics and governments by providing centralized diagnostics for disease diagnosis and comprehensive diagnostic programs.
Analysis by Disease Type
The hepatitis segment plays an important role in the global infectious disease diagnostics market due to the high prevalence of hepatitis B (HBV) and hepatitis C (HCV) infections across the globe. The diagnosis of hepatitis is essential to identify and manage this chronic infection, which if left untreated can lead to severe liver disease including cirrhosis and liver cancer. The diagnosis of hepatitis is largely based on serological tests, which identify antibodies or antigens associated with the virus, and molecular tests such as PCR (Polymerase Chain Reaction), which indicate infection DNA or RNA in a patient’s blood. In addition, the increasing availability of clinical research in liver disease, especially in resource-limited settings, has provided diagnostic infrastructure, enabling comprehensive screening programs. The elimination of hepatitis as a public health threat has received increasing attention, as stated by the World Health Organization (WHO), which aims to eliminate vector-borne diseases by 2030, for funding greatly embedded in the diagnosis of liver disease.
The HIV segment is a keystone of the global infectious disease diagnostics market, with ongoing global efforts to prevent the spread of HIV/AIDS and manage the disease among infected persons. HIV diagnosis being critical provides early diagnosis, monitoring disease progression and guide treatment decisions occurs, especially with HIV. With an estimated 38 million people living with HIV worldwide, there is a demand for reliable and accessible diagnostic tools that can rapidly detect the virus, monitor viral load, and monitor drug response antiretroviral therapy (ART) is always effective. The technology for HIV detection has advanced dramatically, starting with enzyme-linked immunosorbent assays (ELISA) for the detection of HIV antibodies. Rapid diagnostic tests (RDTs) have been fundamentally revolutionary, providing results in minutes, which is essential for large-scale trials in manufactured environments and for low resources. RDTs extensive community-based self-testing programs, linked to clinic visits for HIV testing reducing stigma, and widespread use of testing, particularly in high-risk populations, have been achieved. This is especially important in settings where second-line treatment options are limited, making effective screening essential for better patient care. Furthermore, innovations in point-of-care HIV diagnosis are expanding.
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North America region in the infectious disease diagnostics market accounted for 38.49% of the global market in 2023. The industry is expected to keep expanding at lucrative growth during the forecast period with favorable & flexible regulatory framework. Presence of major manufacturers offering new IVD products, more testing and focus on disease management are the major factors driving the North America region. For example, in August 2023, the FDA provided a BD Vaginal Panel in the BD COR program to identify infectious agents that cause vaginal infections. The market for infectious diseases in the United States is expected to grow during the forecast period. The outbreak of COVID-19 dramatically changed the market landscape of diagnostics as companies engaged in test development with faster and more efficient turnaround times.
Asia Pacific is anticipated to witness significant growth in the market due to the high prevalence of infectious diseases, and the increasing demand for healthcare in emerging economies such as India and China are fueling the growth of the sector. The growing elderly population in countries such as Japan is also acting as a catalyst for the adoption of IVD screening. Rapid economic growth in the region and emerging market players are expected to drive the adoption of new diagnostic tests for infectious diseases in the community. The infectious diseases infectious disease diagnostics market in China is expected to grow during the forecast period. Increased need for early diagnosis, increased focus on new technology devices, and increasing levels of collaboration between leading partners & individual laboratories.
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Infectious Disease Diagnostics Market Driver
Increasing Prevalence of Infectious Diseases
Technological Advancements in Diagnostics
Restraints
High Costs and Affordability Issues
Stringent Regulatory Approvals
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The competitive scenario of the infectious disease diagnostics market is characterized by established global players, emerging companies and local organizations all contributing to the growth of the industry by innovative a manufacture, partnerships and expansion of strategies. Major manufacturers such as Abbott Laboratories, Roche Diagnostics, Becton, Dickinson & Company (BD), and Biomeriex are market leaders, offering a range of diagnostic solutions from molecular diagnostics to point-of-care testing (POCT). These companies have strengthened their market positions through extensive divisions, strong R&D investments and global distribution networks.
Infectious Disease Diagnostics Market Top Player’s Company Profiles
Infectious Disease Diagnostics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the global infectious disease detection market is driven by the increasing prevalence of infectious diseases and advancements in the diagnostic technologies. However, high costs and regulatory challenges hinder the growth of the market. Key trends such as increasing adoption of point-of-care testing, expansion of molecular diagnostics are shaping the future of the market where North America leads in terms of innovation and rapid adoption.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 21.20 billion |
Market size value in 2031 | USD 43.09 billion |
Growth Rate | 8.20% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Infectious Disease Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infectious Disease Diagnostics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infectious Disease Diagnostics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infectious Disease Diagnostics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35G2215
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