Australia Infectious Disease Diagnostics Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for Infectious disease diagnostics is expanding as a result of rising prevalence of infectious diseases. This demand is driving the market for better diagnostics services for infectious diseases and methods for the early detection and accurate diagnosis of infectious disease. Some of the key players in the global Infectious Disease Diagnostics Market include Thermo-Fisher Scientific Inc., Hologic, Inc., Abbott, Bio-Rad Laboratories, Inc., OraSure Technologies, Inc, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Chembio Diagnostics, Inc., Danaher Corporation, and Becton, Dickinson and Company.
Australia Infectious Disease Diagnostic Market is valued at around $412.8 Bn in 2022 and is projected to reach $587 Bn by 2030, exhibiting a CAGR of 4.5% during the forecast period 2023-2030.
The Infectious Disease Diagnostics Market refers to the market for diagnostic methods used to detect Infectious diseases, disorders caused by organisms such as bacteria, viruses, fungi, or parasites. The market includes tools and methods for detecting, analysing and interpreting the findings of diagnostic tests, imaging methods, and biomarkers.
The increased prevalence of Infectious diseases is significantly contributing to the growth of the global market for Infectious Disease Diagnostics Market. Advancements in diagnostic technologies are leading to more accurate and timely diagnosis of infectious diseases. This is driving the growth of the market.
Pharmaceutical and biotechnology firms like Thermo-Fisher Scientific Inc., Hologic, Inc., Abbott, Bio-Rad Laboratories, Inc., OraSure Technologies, Inc, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Chembio Diagnostics, Inc., Danaher Corporation, and Becton, Dickinson and Company, are some of the major players in the Infectious Disease Diagnostics Market.
Infectious diseases are diagnosed using a variety of diagnostic procedures and tests, including assessments and imaging examinations like X-rays, CT scans, MRI scans, PET scans, and laboratory tests.
The growing prevalence of Infectious diseases and government measures to support its therapeutics are projected to drive the diagnostics market in the years to come. The market may yet have difficulties with regard to the higher cost of diagnostic tests and unfavourable reimbursement scenarios.
Drivers of Australia Infectious Disease Diagnostics Market:
Growing Incidence and Prevalence of Infectious Disease: As the prevalence of infectious diseases increases, the need for diagnostics will also rapidly increase which will boost the growth of the Infectious Disease Diagnostics Market significantly.
Increasing Demand for Point-of-Care-Testing (POCT): The focus of the population is shifting from laboratories to point-of-care-testing as it allows faster diagnosis. This will have a positive impact on the Infectious Disease Diagnostics Market.
Government measures and support: Initiatives by the government in providing facilities for advanced and better diagnostics services are attracting a lot of consumers and influencing the growth of the Infectious Disease Diagnostics Market.
Growing Interest in Personalised Medicine: The growing interest of people in individualised medicine will continue to fuel the development of the diagnostics market that can pinpoint specific biomarkers and genetic variants linked to Infectious diseases.
Restraints of Australia Infectious Disease Diagnostics Market:
Unfavourable Reimbursement Scenario: Insufficient reimbursement is a major reason hampering the growth of the Infectious Diseases Diagnostics market. A lot of companies face significant challenges in commercializing their tests; getting health insurers to pay for them.
High Price of Molecular-based Test Kits: The accessibility and adoption of molecular-based test kits is limiting due to the high costs of these tests.
Notable Deals in Infectious Disease Diagnostics Market:
In 2022, F. Hoffmann-La Roche Ltd launched a new dual antigen and antibody diagnostic test for hepatitis C which allows the simultaneous and independent determination of hepatitis C virus strain from a single human plasma or serum sample.
In 2022, SEEGENE received the CE-IVD mark from the EU regulatory authority for their Allplex SARS-CoV-2 rapid MDx Assay. This assay is appropriate for use in airports, schools, and other large-scale institutions since it has the capacity to produce results in less than 30 minutes.
Key players
QIAGEN Australia Pty Ltd Roche Diagnostics Australia Pty Ltd Abbott Laboratories Pty Ltd Siemens Healthineers Australia BD (Becton, Dickinson and Company) Australia Pty Ltd bioM?rieux Australia Pty Ltd Cepheid Australia Pty Ltd (a Danaher Corporation subsidiary) Thermo Fisher Scientific Australia Pty Ltd Ortho Clinical Diagnostics (Australia) Pty Ltd Luminex Corporation (Australia) Pty Ltd1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Product:
By Test Type:
By Disease:
By Technology:
By End-user:
Methodology for Database Creation
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2. Primary Research
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Combining Secondary and Primary Research
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