Global Infectious Disease Diagnostics Market Analysis

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  • Type: Therapeutics Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 161

  • Format: PPT, PDF

Global Infectious Disease Diagnostics Market: Segmented by Product (Assays, Kits, & Reagents, Instruments and Services & Software), by Technology (Polymerase Chain Reaction (PCR), Isothermal Nucleic Acid Amplification Technology (INAAT), Immunodiagnostics, DNA Microarray, Clinical Microbiology, DNA Sequencing & Next-Generation Sequencing (NGS) and Others) and by Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The global infectious disease diagnostics market size stood at around USD 14.3 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Infectious diseases are one of the leading causes of morbidity and mortality across the globe. Diagnostics is the primary step for the disease discovery and treatment leading to eradication of infectious diseases. Owing to ever-evolving pathogens and emerging new diseases, there is dire need to identify suitable diagnostics technique that can help physicians to decide appropriate treatment. This can also help to control the outbreak of the disease in the population. Technological advancement has rapidly changed the landscape of infectious disease diagnostics. Scientific research and development activities in novel technologies and technique such as mass spectrometry and next-generation sequencing (NGS) are changing the way how rapid diagnostics are being performed to detect diseases.

Market Drivers

The growing prevalence of infectious diseases and high prevalence is a major factor driving the growth of the global infectious disease market. In addition, technological advances in diagnostic instruments, the government’s initiative to develop appropriate healthcare infrastructure in emerging economies, and a greater understanding of diagnosis in developed economies will enhance the development of the global infectious disease diagnostics.

A major and growing trend in the epidemiology market is the increasing adoption of technologically advanced visual diagnostic equipment in healthcare organizations in emerging economies. This is the factor to boost global market growth over the forecast period.

Growth in the infectious disease diagnostics market is primarily driven by the increasing global prevalence of infectious diseases, shift in focus from centralized laboratories to decentralized point-of-care testing, and growth in funding for research on infectious disease diagnostics.

 

Major Infectious Disease

The major infectious disease includes hepatitis, Human Immunodeficiency Virus (HIV), Chlamydia Trachomatis Genital Infection and Gonorrhea (CT/NG), Hospital-Acquired Infections, Human Papillomavirus (HPV), Tuberculosis (TB), Influenza and other infectious diseases.

Viral Infection diagnostics are expected to cover a large share of the market. A viral infection is one of the major public health concerns around the world. Owing to the high prevalence of these dreadful illnesses, the demand for early diagnostic tests is expected to increase as early diagnosis may reduce the spread of the disease. Hence, this market is expected to increase in the future.

1. Global Infectious Disease Diagnostics Market Overview…………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………
A. Increasing Prevalence of Infectious Diseases
B. Shift in Focus From Centralized Laboratories to Decentralized Point-Of-Care Testing
C. Research on Infectious Disease Diagnostics
3. Major Infectious Diseases….………………………………………………………..
A. Hepatitis
B. Human Immunodeficiency Virus (HIV)
C. Chlamydia Trachomatis Genital Infection and Gonorrhea (CT/NG)
D. Hospital-Acquired Infections
E. Human Papillomavirus (HPV)
F. Tuberculosis (TB)
G. Influenza
H. Other Infectious Diseases
4. Infectious Disease Diagnostics Market Segmentation…………………………..
A. By Product
I. Assays, Kits and Reagents
II. Instruments
III. Services and Software
B. By Technology
I. Polymerase Chain Reaction (PCR)
II. Isothermal Nucleic Acid Amplification Technology (INAAT)
III. Immunodiagnostics
IV. DNA Microarray
V. Clinical Microbiology
VI. DNA Sequencing & Next-Generation Sequencing (NGS)
C. Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Middle-East and Africa Market Analysis
V. South America Market Analysis
5. Infectious Disease Major Products Market Share………………………………
A. Market Analysis, Insights and Forecast
6. Competitive Landscape………………………………………………………….….
A. Major Players
B. Mergers and Acquisitions
7. Key Company Profiles………………………………………………………………
A. Biomérieux SA Company overview, Product & Services, Strategies & Financials
B. Abbott Laboratories Company overview, Product & Services, Strategies & Financials
C. Becton, Dickinson and Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………..………
A. Policy changes and Market regulations
9. Factors Driving Future Growth………………………………………………………..
A. New Trends and Development of Infectious disease diagnostics market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product

The product segment is further sub-segmented in assays, kits & reagents, instruments and services & software. Assays, kits and reagents segment to record the highest CAGR during the forecast period. Increased accessibility and the increasing number of Infectious Disease Diagnostic tests conducted are the key drivers for this segment.

By Technology

The technology segment is further sub-segmented into Polymerase Chain Reaction (PCR), Isothermal Nucleic Acid Amplification Technology (INAAT), Immunodiagnostics, DNA Microarray, Clinical Microbiology, DNA Sequencing & Next-Generation Sequencing (NGS) and others.

DNA sequencing & next-generation sequencing (NGS) segment to record the highest CAGR during the forecast period. Factors such as advancements in sequencing technologies, increasing awareness and acceptance of personalized medicine (in which this technology has significant applications), and increasing application of molecular diagnostic technologies in pharmacogenetics and point-of-care testing are expected to boost the growth of this technology in the future.

Currently, NGS has become an important technology in drug discovery and pharmacogenomics; it has changed the way the pharmaceutical industry develops, tests, and targets new medicines. Advancements in technologies and the decreasing prices of NGS-based tests are also driving the growth of this technology.

By Region:

By geography, the infectious disease diagnostics market is divided into North America, Asia Pacific, Europe, South America, and Middle East & Africa.

North America is expected to hold largest market share. The large share of this region is mainly attributed to the presence of a highly developed healthcare system, increasing prevalence of infectious diseases, the presence of a large number of leading national clinical laboratories, and easy accessibility to technologically advanced instruments in the region.

Top 5 Major Players

Key participants dominating the Global Infectious Disease Diagnostics Market profiled in the report are Biomérieux SA, Abbott Laboratories, Becton, Dickinson and Company, F.Hoffmann-La Roche Ltd and Luminex.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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