Influenza Diagnostic Market Poised to Grow at a CAGR of 7.9% by 2024
Infinium Global Research has added a new report on Influenza Diagnostic Market. The report presents analysis of global as well as regional markets of influenza diagnostic market over the period of 2016 to 2024.
Seasonal influenza viruses circulate and cause disease in humans every year. In temperate climates, disease tends to occur seasonally in the winter months, spreading from person-to-person through sneezing, coughing, or touching contaminated surfaces. Seasonal influenza viruses evolve continuously, which means that people can get infected multiple times throughout their lives. Therefore the components of seasonal influenza vaccines should be reviewed frequently and updated periodically to ensure continued effectiveness of the vaccines. Thus increasing prevalence of influenza and rising demand for faster diagnosis and control of influenza to drive the market growth. In addition growth in research funding for Influenza diagnostics to augment market growth. However, increasing price of novel influenza diagnostic techniques hinders the market growth. Advancements in genomic and proteomic techniques can create lucrative opportunities for the market growth.
Among the geographies, North America held the largest market share in diagnostic influenza market in 2017, owing to increase health awareness among population, government initiatives to control the disease rates and development of novel influenza diagnostic techniques. Asia Pacific is expected to grow at the fastest CAGR during the forecast period, owing to rising healthcare infrastructure, higher rate of population which in turn, increases the chances of people getting affected by influenza.
Key Developments- In May 2018, The U.S FDA issued new guidelines for the precise diagnosis of influenza to enable earlier treatment. These guidelines have been set to improve the overall quality of testing for influenza and have reclassified rapid antigen influenza tests from Class I to Class II. New diagnostic technology set to play an important part in improving the quality of testing for influenza
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global influenza diagnostic market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the global influenza diagnostic market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the influenza diagnostic market worldwide.
The report segments the global influenza diagnostic market on the basis of Test Type and End-User.
Global Influenza Diagnostic Market by Test Type
· Rapid Influenza Diagnostic Tests
· Reverse Transcription-Polymerase Chain Reaction (RT-PCR)
· Cell Culture
Global Influenza Diagnostic Market by End-User
· Point-of-Care Testing
Companies Profiled in the Report
· BD Medical
· Abbott laboratories
· Thermo Fisher Scientific
· Roche Diagnostics
· Alere Inc.
· Quidel Corporation
· Sekisui Diagnostics
· SA Scientific
· Luminex Corporation
About Infinium Global Research
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