The increasing incidences of infectious diseases across emerging nations facilitate great growth opportunities for the players in the global infectious disease diagnostics market.
According to the latest Arizton's market research report, the global infectious disease diagnostics market size to cross USD 24 billion by 2025, growing at a CAGR of around 7% during the forecast period.
Global Infectious Disease Diagnostics Market Growth
The global infectious disease diagnostics market will observe high growth during the forecast period, majorly due to the growth impetus from the low-and middle-income countries (LIMCs). The increasing incidences of infectious diseases across emerging nations facilitate great growth opportunities for the players in the global infectious disease diagnostics market. an increase in the usage of diagnostics tests for various purposes, such as routine health checkups, infectious diseases, seasonal flu, blood donation, blood preservations, and blood transfusion, enhance the market growth. Moreover, advancements in molecular technologies and shift in the usage from traditional to molecular diagnosis are fueling the growth of the molecular diagnostics segment in the market.
Strategic Merges and Acquisitions
Vendors, especially the key players, are constantly investing in pursuing inorganic growth strategies such as acquisitions to enhance and expand their presence in the global infectious disease diagnostics market. Most acquisitions provide significant opportunities to both the parties involved in terms of market expansion, advancements in the respective product portfolio, penetration in existing and newer markets, and gain market share in a shorter span of time. The acquisition of St. Jude Medical by Abbott helped in achieving future growth and expansion, acting as an important part of the company’s ongoing effort to develop a strong, diverse portfolio of devices, diagnostics, nutritional, and branded generic pharmaceuticals.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, disease, end-user, tests, and geography
- Competitive Landscape – 9 Key Company Profiles and 15 Other Prominent Vendors
Global Infectious Disease Diagnostics Market – Geographic Analysis
According to the Arizton’s research, APAC was the largest share with around 31% share of the global infectious disease diagnostics market in 2019. The diagnostics market in APAC is facing increasing demands from various stakeholders, with physicians seeking tools that can improve decision-making, hospitals seeking faster and more accurate solutions, laboratories looking for ways to efficiently use existing resources and health systems adjusting their delivery models to reduce healthcare costs. The players consider APAC as the emerging market for diagnostic equipment as a lot of investments and infrastructure developments are taking place in the region.
The global infectious disease diagnostics market players are investing extensively in R&D and in product development activities to expand their product portfolio. 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. The companies in the global infectious disease diagnostics market are actively launching innovative devices to penetrate and tap the huge growth potential prevailing in the market. Key players are also engaged in strategic acquisitions as part of their inorganic growth strategy to improve sales and profit margins.
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