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Report ID: HC0010
Pages: 162
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
MARKET SCOPE:
The global Infectious Diseases Diagnosis market is projected to grow significantly, registering a CAGR of 8.1% during the forecast period (2024 – 2032). The diagnosis of infectious diseases involves identifying and confirming the presence of infectious agents or pathogens in individuals displaying signs or symptoms of infection. This process employs a range of techniques and methods to ascertain the root cause of the illness, enabling the implementation of suitable treatment and preventive measures. Infectious diseases, arising from bacteria, viruses, fungi, parasites, or other microorganisms, necessitate precise diagnosis for the effective management and control of the condition.
MARKET OVERVIEW:
Driver: Increasing demand for nucleic acid therapeutics applications to treat chronic and genetic diseases is driving the market growth.
Surging Demand for Applications of Nucleic Acid Therapeutics in Addressing Chronic and Genetic Diseases: The increasing incidence of genetic disorders such as cystic fibrosis, Duchenne muscular dystrophy, and sickle cell anemia has created a significant demand for nucleic acid-based therapies. These therapies offer the potential to treat the underlying genetic causes of these diseases, providing hope for patients who previously had limited treatment options.
Opportunities: Continued research and development activities for manufacturing innovative nucleic acid therapeutics are expected to pave the way for market growth in the upcoming years.
Ongoing Research and Development Initiatives Drive Pharmaceutical Companies to Expand Operations in the Manufacturing of Innovative Nucleic Acid Therapeutics: Pharmaceutical and biotech companies are heavily investing in research and development to explore new applications of nucleic acid-based therapies, such as mRNA, siRNA, antisense oligonucleotides, and gene editing technologies. These efforts are leading to promising clinical outcomes across a range of diseases, from rare genetic disorders to cancer and cardiovascular conditions
COVID IMPACT:
The market for diagnostic tools related to infectious illnesses experienced significant impacts due to the COVID-19 pandemic. The market saw advantages arising from the elevated infection rates observed among COVID-19 patients. For instance, in February 2022, Mylab Discovery Solutions launched CoviSwift, a point-of-care (POC) RT-PCR testing system designed for use in small labs, in-hospital labs, airports, and communities. Additionally, in March 2020, BioMedomics introduced a point-of-care COVID-19 test capable of detecting antibodies in blood within 15 minutes. Moreover, in March 2020, Abbott introduced the RealTime SARS-CoV-2 assay, a PCR-based test for diagnosing COVID-19. The escalating incidence of the coronavirus heightened the demand for diagnostic tools for infectious diseases during the pandemic. Additionally, the opening of numerous diagnostic labs and testing facilities expanded the market’s potential. For example, in June 2020, the Union Minister of Health and Family Welfare introduced India’s first mobile I-Lab (Infectious disease diagnostic lab) for COVID-19 testing.
SEGMENTATION ANALYSIS:
The Human Immunodeficiency Virus (HIV) is anticipated to grow significantly during the forecast period.
The segment related to the human immunodeficiency virus (HIV) is expected to experience substantial growth throughout the study’s forecast period. According to data from the Minority of HIV/AIDS Fund (MHAF) within the United States Department of Health and Human Services, last updated in June 2021, an estimated 37.6 million people were living with HIV globally in 2020, with 35.9 million being adults and 1.7 million being children under the age of 15. The same source suggests that approximately 1.5 million people contracted HIV worldwide in 2020. The market is witnessing expansion due to the increasing prevalence of HIV, leading to a growing demand for diagnostic tests and detection. Furthermore, in August 2021, the Human Rights Campaign (HRC) Foundation, in collaboration with “Us Helping Us,” initiated the first in-home HIV testing program for U.S. residents. The anticipation is that heightened awareness about HIV and the implementation of various initiatives by organizations globally will contribute to market growth during the forecast period.
The market’s further expansion is expected to be driven by new research and developments, technological advancements, and the introduction of technologically enhanced products by key competitors. For example, in April 2021, Altona Diagnostics One launched an in-vitro diagnostic test designed to identify and quantify the human immunodeficiency virus (HIV) specific RNA in human plasma. Utilizing real-time RT-PCR technology, the test is known as the 1.5 AltoStar HIV RT-PCR Kit.
The reagents is anticipated to grow significantly during the forecast period.
The dominant influence in the infectious disease diagnostics market has been asserted by the reagents, kits, and consumables segment, primarily owing to its indispensable role in facilitating diagnostic procedures. These components play a pivotal role in diagnostic tests, enabling precise detection and characterization of pathogens. The segment has witnessed robust growth due to a steady demand for diagnostic assays. The critical significance of standardized reagents, user-friendly kits, and dependable consumables is underscored by their role in ensuring consistent and reproducible results.
REGIONAL ANALYSIS:
The North American region is set to witness significant growth during the forecast period.
North America is poised to secure a significant market share, driven by key factors such as the increasing prevalence of infectious diseases, substantial healthcare expenditure, and heightened awareness among the population regarding the availability of diagnostic devices. For example, the Centers for Disease Control and Prevention (CDC) reported that the 2021 flu season in the United States resulted in 9 million illnesses, 4 million medical visits, and 10,000 hospitalizations. The projected market growth in the coming years is expected to benefit from the growing burden of diseases. Moreover, in June 2021, the FDA registered Dipanjan Pan’s laboratory at the University of Maryland School of Medicine (UMSOM) as an approved laboratory development site for RNA Disease Diagnostics Inc.’s Antisense COVID-19 molecular diagnostic test. Given these considerations, the market is anticipated to experience significant expansion in the region during the forecast period.
Furthermore, strategic initiatives such as collaborations, acquisitions, grant programs, and others will contribute to market expansion in the region. For instance, in July 2021, Omega Specialty Nurses (OSN), House of Sophrosyne, and the Viral Hepatitis Care Network in Ontario received grants from the 2021 CONNECT-C Grant Program from Gilead Sciences Canada, Inc. This initiative aims to expand the number of hepatitis screening centers across the nation, enhancing disease diagnosis and product adaptability, thereby driving market growth.
COMPETITIVE ANALYSIS
The global Infectious Diseases Diagnosis market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
Scope of the Report
It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
** In – depth qualitative analysis will be provided in the final report subject to market
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.