Pneumonia Testing Market Analysis Revealing Key Drivers, Growth Trends through 2026 | Thermo Fisher Scientific Inc., Abbott Laboratories, F-Hoffmann la Roche Ltd. etc.
Pneumonia is a respiratory disease caused by bacteria, viruses or fungi. It primarily affects the small air sacs known as alveoli and the most common type of bacteria that causes pneumonia is Streptococcus pneumonia. Fever, chills, cough, shortness of breath and fatigue are some of the major symptoms of pneumonia. Blood tests, chest X-rays, pulse oximetry, and Sputum test are the test used to detect pneumonia. For instance, CT scan, Pleural fluid culture are some of the other tests that are used among older patients age 65.
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The blood tests are used to confirm an infection and chest X-ray also helps the doctor to diagnose pneumonia and determine the extent and location of the infection. The pulse oximetry test is performed to measure the oxygen level in the blood, as Pneumonia can impact the transportation of oxygen to the bloodstream. Apart from all this test the sputum test is used to analyses or pinpoints the cause of the infection, the sample of fluid taken out from the lungs, which is taken after deep cough.
CT scan test is performed to obtain the affected condition of lungs and if patients show some serious symptoms of health conditions pleural fluid culture test is carried out which is done by putting a needle between the ribs from the pleural area to analyze the type of infection.
Pneumonia Testing Market Dynamics
The recent advancements in pneumonia testing systems, such as the development of enhanced nucleic acid detection tests and advancement in POC tests is the major factor fueling market growth. POC tests offer multiple benefits such as ease of use and rapid results. For instance, the urinary antigen is an extremely-effective rapid test that allows targeted therapy for legionnaire at the point-of-care itself.
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Moreover, the rising adoption of molecular diagnostic tests in the developing economy is projected to offer lucrative opportunities to the pneumonia testing market. This can be attributed to the increased application of biomarkers in molecular diagnostics, owing to the advantages of biomarkers such as aiding in early detection of specific diseases, supports the molecular diagnostics test for the pneumonia testing market.
Traditionally, cultures are were used to detect pneumonia causative organisms, this was a time-consuming process with a higher chance of error and in some cases, culture identification is not readily available and this increases the mortality rate of pneumonia cases caused by it.
Pneumonia Testing Market – Regional Insights
North America accounted for the largest share in the pneumonia testing market, followed by the Europe market in 2016. This is attributed to rising popularity for POC tests within the healthcare sector. Further, the rising research and development activities for the development of more advanced PCR-based technologies, which could be used for faster results is also presumed to fuel market growth.
Further, Europe accounts for the second-largest share in the pneumonia testing market, and this can be attributed to their well-developed healthcare infrastructure and a higher awareness regarding the Pneumonia testing.
Furthermore, various pharmaceutical and biotechnological companies are focusing on expanding in the Asia Pacific region, to maximize their R&D efforts as the Asia Pacific region provides better access to patients for clinical trials, with lower operational costs. Moreover, rising government investment in research and development is also projected to foster the growth of Pneumonia Testing in the Asia Pacific region.
Pneumonia Testing Market – Competitive Analysis
Major players are focused on collaborations and mergers, to enter the pneumonia testing market in order to increase their share. For instance, in April 2017, Abbott acquired Alere, which dominated POC testing for pneumonia testing market with its BinaxNOW Streptococcus pneumoniae antigen card for bacterial pneumonia and BinaxNOW RSV Card for viral pneumonia.
Key players operating in the market are Thermo Fisher Scientific Inc., Abbott Laboratories, F-Hoffmann la Roche Ltd., Hologic Inc., bioMerieux, Becton, Dickenson and Company, Bio-Rad Laboratories Inc., Meridian Biosciences, Quest Diagnostics, and Quidel.
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Pneumonia Testing Market – Taxonomy:
By Product Type:
- Point-Of-Care (POC)
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Western Blot
- Polymerase Chain Reaction (PCR)
- Immunohistochemistry (IHC)
- Molecular Diagnostics
- Diagnostic Centers
- Homecare Settings
- North America
- Latin America
- Asia Pacific
- Middle East
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