What are the Different Classification of Diagnostics Market and What are its Impact Globally?

24 September 2020

The onset of diverse and technologically advanced healthcare infrastructure is fueling the development of the diagnostic market globally. The shift in focus to preventive care and valued-added healthcare systems will enable the introduction of various types of diagnostics in the market.

The growing popularity of next-gen care systems such as point-of-care diagnostics, transplant diagnostics, infectious diseases diagnostics, and several others are transforming the healthcare and pharmaceutical industry. Furthermore, the proliferation of different types of biomedical information systems, wearables, and embedded sensors has surged the growth of the home healthcare systems across globe.

Manufacturers such as bioMérieux, F. Hoffmann-La Roche, Danaher, Quidel, Luminex, and BD are continuously focusing on product development and offering diagnostics with new technology to increase their market presence.

Read: Infectious Disease Diagnostics Market Global Outlook and Forecast 2020-2025

Impact of COVID-19 Pandemic on Diagnostics

The recent COVID-19 pandemic has led to the mass adoption of remote healthcare, virtual health solutions, and telemedicine, making it more than necessary to implement various remote diagnostic solutions that aid in meeting the growing demand for telehealth. The leading vendors and manufacturers are focusing on integrating sensors, wearables, and various other mhealth applications to improve patient care procedures during these unprecedented times.

Preventive and predictive care solutions are the buzzwords in today’s healthcare offerings. The use of advanced cloud technologies and electronic medical records are steadily becoming the new normal in the industry. The shift towards evidence-based medicines is driving innovation and personalized care solutions in the global market.

Read: Healthcare-associated Infectious Disease Diagnostics Market Global Outlook and Forecast 2019-2024

Asia-Pacific Records an Upward Trajectory

The diagnostics and medical healthcare industry in Asia-Pacific have witnessed a steady growth over the past few decades. The need for accurate results and efficient laboratory testing is creating a pressure on vendors and manufacturers to adopt innovative and efficient diagnostics in the emerging markets across Asia-Pacific. The increasing investments to modernize healthcare delivery models at reduce prices is driving digital transformations across the healthcare industry in Asia-Pacific. Development across China, India, Indonesia, and Vietnam will offer lucrative opportunities for vendors operating in this industry.

Some of the Important Facts about the Infectious Disease Diagnostics Market are:

Q) What is the market size of infectious disease diagnostics?

A) The infectious disease diagnostics market size is projected to cross over $24 billion by 2025.

Q) What is the market share of the diagnostic market?

A) The infectious disease diagnostics market is a major segment of the in-vitro diagnostics market and is expected to grow a steady pace over next few years.

Q) What is the market growth of the diagnostic market?

A) The infectious disease diagnostics market is likely to register a CAGR of over 7% during 2019-2025.

Q) What are the market insight of the diagnostic market?

A) Hospital-acquired infections (HAIs) is a major segment in the infectious disease diagnostics market and focus on molecular testing is gaining importance.

Q) Who are the top vendors in the diagnostic market?

A) The leading vendors in the market include Abbott, BD, bioMérieux, Hoffmann-La Roche, Thermo Fisher Scientific, Quidel, Luminex, Danaher, and Bio-Rad Laboratories.

Q) What is the market segmentation in diagnostic market?

A) The infectious disease diagnostics market is segmented by products, disease, end-user, tests, and geography.

Q) How is infectious disease market growth?

A) The infectious disease diagnostics market is growing steadily with an upward trajectory across APAC.

Explore Arizton’s healthcare and lifesciences profile to know more.


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