The report "Infectious
Disease Diagnostics Market by Product (Instruments, Reagents, Services,
Software), Application (Hepatitis C, AIDS, Tuberculosis), Technology (PCR,
INAAT, DNA Sequencing, Hybridization), End User (Hospital, Laboratories) -
Global Forecast to 2019" provides a detailed overview of
major drivers, restraints, challenges, opportunities, current market trends and
strategies impacting the global market along with estimates and forecast of
revenue.
Browse 97 market data
tables and 35 figures spread through 180 pages and in-depth TOC on
“Infectious Disease Diagnostics Market by Product (Instruments, Reagents,
Services, Software), Application (Hepatitis C, AIDS, Tuberculosis), Technology
(PCR, INAAT, DNA Sequencing, Hybridization), End User (Hospital, Laboratories)
- Global Forecast to 2019 ”
The IDD
market is poised to reach $18,156.2 million by 2019 from $12,422.8
million in 2014, at a CAGR of 7.9% from 2014 to 2019.
Factors
such as high prevalence rate of infectious diseases, increased demand for rapid
diagnostic techniques due to slow turnaround time of current techniques, and
the increase in government funding are driving market growth. However, rising
healthcare costs and a complex regulatory framework are restraining the growth
of the global IDD market.
On the
basis of products, the IDD market is segmented into instruments and analyzers,
consumables (assays and reagents), and software & services. Consumables
accounted for the largest share 70% of the global IDD market in 2014.
On the
basis of applications, the IDD market is subsegmented into Hepatitis B,
Hepatitis C, Acquired Immunodeficiency Syndrome (AIDS), Tuberculosis (TB),
Chlamydia Trachomatis and Gonorrhea, Human Papillomavirus (HPV),
Methicillin-resistant Staphylococcus aureus (MRSA), and others.
On the
basis of technology, the segment is divided into traditional and molecular
diagnostics. Traditional methods are categorized into immunodiagnostics,
microscopy, and biochemical characterization. The molecular diagnostics segment
is further divided into Polymerase Chain Reaction (PCR), INAAT (Isothermal
Nucleic Acid Amplification Test), Hybridization, DNA Sequencing & NGS,
microarrays, and others (electrophoresis, mass spectrometry, and flow
cytometry). Microarrays and INAAT are expected to be the fastest-growing
markets in the forecast period. This remarkable growth is attributed to the
specificity and increased efficiency of these tests.
On the
basis of end-users, the market is segmented into hospital laboratories,
reference labs, physician’s office labs, academics, and others (blood banks,
local public health laboratories, home health agencies, nursing homes,
point-of-care, self-testing). Hospital laboratories formed the major end-users
of the IDD market in 2014.
On the
basis of region, the IDD market is segmented into North America, Europe,
Asia-Pacific, and the Rest of the World (RoW). In 2014, North America accounted
for the largest share of the IDD market, followed by Europe. Both markets are
estimated to register single-digit growth rates over the next five years.
However, Asia-Pacific is expected to register the highest growth rate during
the forecast period, owing to the high prevalence of infectious diseases, and huge
investment opportunities due to increase in healthcare expenditure. The growth
of the IDD market in Asia-Pacific will revolve around China, India, Australia,
and New Zealand. Countries in the Middle East will also show growth.
Major
players in this market are Roche Diagnostics (Switzerland), bioMérieux SA
(Craponne, France), Thermo Fischer Scientific, Inc. (U.S.), Abbott Laboratories
(U.S.), Bio-Rad Laboratories (U.S.), and Becton, Dickinson & Company
(U.S.).
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