Infectious Disease Testing Market Gains Demand By Increasing Prevalence Of Viral Diseases & Expected To Register Rapid Growth Till The End Of Forecast Period.
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Infectious diseases testing, is a process of diagnosis, identifies the presence of foreign organisms with the help of various diagnostic tools. Generally, infectious diseases are caused by microorganisms which are called as pathogens.
The types of infectious diseases are of various kinds such as influenza, hepatitis, AIDS, tuberculosis, rabies, cholera, dengue and others, because of some bacterial infection or some other pathogens infection. Based on the testing techniques, the Infectious Disease Testing Market is segmented as biochemical microscopy, polymerase chain reaction, micro arrays, hybridization and some others.
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Scope & Regional Forecast of the Infectious Disease Testing Market
Increasing incidences of infectious diseases is the major growth factor that drives healthy growth for the Infectious Disease Testing Market. Rising adoption of advanced molecular testing techniques, and increasing initiatives from government to reduce infectious disease in underdeveloped regions are also driving significant growth for the market.
The companies operating in the disease diagnostic technologies are focusing on the development of novel diagnostics, hence the market is expected to register high growth. However, lack of awareness for novel diagnostic solution, absence of compiled regulatory guidelines and lower positivity rates due to inferior laboratory conditions are restraining the Infectious Disease Testing Market growth.
North America is holding the largest share of the Infectious Disease Testing Market, followed by Europe. Also, these two regions are expected to register single digit growth rates over the next five years.
Asia-Pacific is expected to register the highest growth, due to the high prevalence of infectious diseases and huge investment opportunities due to in health-care expenditure, during the forecast period.
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Segmentations & Key Players Involved in the Infectious Disease Testing Market
The Infectious Disease Testing Market can be broken down into various segmentations on the basis of -
- Type Of Disease: Influenza, Hepatitis, AIDS, Tuberculosis, Rabies, Cholera, Dengue and Others.
- Testing Technique: Immuno diagnostics, Biochemical Characterization, Microscopy, Polymerase Chain Reaction (PCR), Deoxyribonucleic Acid (DNA) Sequencing, Micro arrays, Hybridization and Others.
- Industry: Laboratories, Nursing Homes, Blood Banks, Hospitals, Research Labs and Others.
- Region: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Infectious Disease Testing Market are as follows:
- Abbott Laboratories
- Gene Express
- Luminex Corporation
- Thermo Fisher Scientific, Inc.
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 - 2021, to assess how the market will develop.
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