Global Infectious Disease Testing Products Market is expected to grow at a CAGR of 5.67% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Infectious Disease Testing Products Market By Product & Service (Kit & Reagent, Instruments, Assay), Disease Type (HIV, HPV, HAI, Hepatitis, TB, Influenza), By Technology (NGS, PCR, Immunodiagnostics), By End User (Hospital & Clinics, Research Institute, Laboratories), Regions And Global Forecast 2020-2027.
The global infectious disease testing products market is expected to grow from USD 16.43 billion in 2019 to USD 25.55 billion by 2027, at a CAGR of 5.67% during the forecast period 2020-2027. North America witnessed the highest share of the global infectious disease testing product market. The large share of this region is mainly associated to the presence of a highly developed healthcare policy, increasing predominance of contagious diseases, the presence of a huge number of driving state laboratories, and simple convenience to technologically superior devices in the region. European region has the second most substantial share in the global infectious disease testing product market. Asia-Pacific region is the emerging market because the developing economies, rising awareness of the infectious disease, increasing the disposable income of the people is boosting the growth rate of the market.
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Abbott, Affymetrix, Chemical, Elitech Group, Enzo Biochem, Fujirebio, Grifols, GSK Biologicals, Hologic, Leica Biosystems, Lonza, Ortho-Clinical Diagnostic, PerkinElmer, Qiagen, Roche are some of the proficient players of the global infectious disease testing products market. They are mostly focussed on bringing the new technologies & expanding their territories to grab the significant market share in the future.
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Based on the product & services the market has been segmented into kit & reagent, instruments, and assay. The instrument segment has the highest share in the global infectious disease testing product market. However, the kit & reagent has the most substantial CAGR as the need for quick testing is the need of the present. The disease type segment includes HIV, HPV, Ebola, hepatitis, TB, influenza and others. However, the HIV and hepatitis have the highest share among the other segments, because, these diseases are widely spread all over the globe. Testing equipments of the Covid-19 are in demand as it is spreading exponentially in the world. based on the technology the market is segmented into NGS, PCR and Immunodiagnostics. On the basis of end users, the market has been segmented into hospital & clinics, research institute, laboratories. The hospitals & clinics has the largest chunk of the global infectious testing product market. But the laboratories segment has been rising with higher CAGR.
About the report:
The global infectious disease testing products market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire