The Bacterial Disease Diagnostics Market is being driven by Integration of digital health in rapid diagnostics for bacterial disease
The Bacterial Disease Diagnostics Market is expected to grow at a CAGR of 7.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4908.7 million. In the diagnostic industry, portable laboratory instruments are becoming increasingly valuable due to their convenience and flexibility. These compact devices enable real-time, on-site analysis of inorganic and organic compounds in samples, contrasting traditional instruments that lack mobility and effectiveness in the field. Portable PCR systems, in particular, offer laboratory technicians and researchers a crucial on-site screening capability. By providing the ability to assess samples immediately, these systems allow for a more accurate selection of samples for further laboratory examination, ultimately enhancing the overall diagnostic process.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
248 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.2% |
Market growth 2025-2029 |
USD 4908.7 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US, Canada, Germany, Japan, UK, France, India, Italy, South Korea, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Bacterial Disease Diagnostics Market encompasses technologies and services for microbial typing, strain identification, and antibiotic susceptibility testing to address multidrug resistance. Advanced diagnostic tools like multiplex assays, real-time PCR, digital PCR, whole genome sequencing, and bioinformatic analysis aid in swift identification and response to disease outbreaks. Public health, infection control, patient management, and clinical decision support significantly benefit from these diagnostics. Healthcare providers rely on regulatory landscape, quality control, laboratory accreditation, and quality assurance for ensuring data security and digital transformation. Remote diagnostics and personalized diagnostics are emerging trends in this market.
The Bacterial Disease Diagnostics Market is a significant segment of the larger global pharmaceuticals market, encompassing entities involved in molecular diagnostics, serological testing, microbial identification, and antibody detection. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by manufacturers and providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the expansion of the pharmaceuticals market include the increasing aging population. By 2050, approximately one-quarter of the US population and Europe's population ratio is projected to be over 60 years old. This demographic shift will lead to a surge in demand for healthcare solutions, including diagnostics for bacterial diseases.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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