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Reliable Data You Can Trust
A recent report published by
Infinium Global Research on tuberculosis testing market provides in-depth
analysis of segments and sub-segments in global as well as regional
tuberculosis testing market. The study also highlights the impact of drivers,
restraints and macro indicators on the global and regional tuberculosis testing
market over the short term as well as long term. The global tuberculosis
testing market is projected to grow at a CAGR of 4.5% over the forecast period
of 2017-2023. It was worth USD 2230.0 million in 2015 and is projected to reach
USD 3262.2 million by 2023.
Tuberculosis is a highly
infectious bacterial infection, and is caused due to mycobacterium tuberculosis
or MTB infection and majorly infects the human lungs. Tuberculosis (TB) can be
caught by breathing in air that an infected person has contaminated through breathing,
coughing. Furthermore, the disease is ranked second leading cause of death,
after human immunodeficiency virus (HIV). Individual majorly suffers from two
predominant forms of TB: active tuberculosis and latent tuberculosis. The
global tuberculosis testing market comprises diagnostic tests, equipment’s and
testing procedures that contribute assistance in diagnostic of tuberculosis
infection.
Figure 1: Global Tuberculosis Testing Market by Value 2015-2023
Coupled with high prevalence and
incidences of TB are the major factors responsible for the high growth of
tuberculosis testing market. In addition, the availability of new improved tests,
increasing awareness level, developing infrastructure and increased involvement
of some of the world’s leading organizations such as WHO (World Health
Organization) and FIND (Foundation for Innovative New Diagnostics) contributing
to the global growth of this market. On the other hand, High cost associated
with testing procedures, lack of specificity and requirement of specialized
equipment is the prime challenges of this market that are likely to limit
the global growth over the forecast period. Rising prevalence of TB, numerous
tuberculosis awareness and control program launched by the government
organizations and great market potential due to developing economies expected
to bring new growth opportunities in the near future.
The report on the global tuberculosis
testing market covers segments such as test type and end-user. On the basis of
test type, the global tuberculosis testing market is categorized into smear
microscopy, nucleic acid testing, radiography, culture based tests, drug
susceptibility testing, others. On the basis of end-user the global
tuberculosis testing market is categorized into hospitals, laboratories,
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 Tuberculosis Testing 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 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 market growth owing to rapid growth in markets
such as India and China. The APAC region
is projected to experience growth at a healthy CAGR over the period of
2017-2023.
The report provides profiles of the
companies in the global tuberculosis testing market such as Abbott
Laboratories, Akonni Biosystems, Inc., Alere, Inc., Becton, Dickinson and
Company, Cepheid, Epistem Holdings Plc, F. Hoffmann-La Roche AG, Thermo Fischer
Scientific Inc., bioMérieux SA, Siemens Healthineer Inc.
The report provides deep insights on
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the global tuberculosis testing market. Moreover, the IGR-Growth Matrix analysis
given in the report brings an insight into 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 tuberculosis testing market. Moreover, the study highlights current market
trends and provides forecast from 2017-2023. We also have highlighted future
trends in the tuberculosis testing market that will impact the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players. This
report will help manufacturers, suppliers, and distributors of the tuberculosis
testing market to understand the present and future trends in this market and
formulate their strategies accordingly.
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