A recent report published by Infinium Global Research on infectious disease diagnostic market provides in depth analysis of segments and sub-segments in global as well as regional infectious disease diagnostic market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional infectious disease diagnostic market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global infectious disease diagnostic market. According to report the global infectious disease diagnostic market is projected to grow at a CAGR of 8.5% over the forecast period of 2017-2023.
Infectious disease diagnostics is the procedure by which the causative agent of an infectious disease is identified and often characterized. It can be based solely on clinical presentation or more rigorous diagnostic tests, such as culturing of the infectious agent, microscopy, biochemical screens and molecular methods.
Increasing incidences of infectious diseases, increasing demand for advanced technologies in treatment of infectious disease, and high investment in R&D activities from government and private organizations are considered to be the key factors fueling the growth of infectious disease diagnostic market. However, lack of awareness of novel diagnostic technologies, cost associated with the IDD treatment and stringent government regulatory guidelines are the prime factors restraining the growth of this growth. Moreover, companies operating in the market, which are focusing on developing novel diagnostics as well as initiatives taken by government and private organizations pertaining to diagnosis of the infectious diseases among the people provides more opportunities for the market to grow over the forecast period.
Figure 1: Global Infectious Disease Diagnostic Market by Value 2015-2023
The report on global infectious disease diagnostic market covers segments such as, product type, technology type and application type. On the basis of product type the global infectious disease diagnostic market is categorized into instruments, reagents and software & services. On the basis of technology type the global infectious disease diagnostic market is categorized into conventional technology, biochemical technology and molecular technology. On the basis of application type the global infectious disease diagnostic market is categorized into bacterial infection, viral infection, CNS infection, cardiovascular infection, fungal infection, sexually transmitted disease and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Infectious Disease Diagnostic Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global infectious disease diagnostic market such as, Bio-Rad Laboratories, BioMerieux, Hologic, Inc., Danaher Corp., Affymetrix, Alere, Inc., Quidel Corp., Trinity Biotech, Qiagen, Chembio Diagnostic Systems, OraSure Technologies, Meridian Bioscience and Beckman Coulter.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global infectious disease diagnostic market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of infectious disease diagnostic market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the infectious disease diagnostic market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the infectious disease diagnostic market to understand the present and future trends in this market and formulate their strategies accordingly.
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