Latest News- Infectious Disease Diagnostics Market: Hospitals is expected to lead the End-user segment during 2025-2029

The Infectious Disease Diagnostics Market is being driven by Increasing prevalence of infectious diseases

The Infectious Disease Diagnostics Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9600 million. The global infectious disease diagnostics market is experiencing a surge in mergers and acquisitions (M&A) among organizations, driven by the need to develop and commercialize innovative treatments for infectious diseases. To capitalize on emerging markets such as India, Brazil, China, and South Africa, market players are prioritizing inorganic growth strategies. IMMY, a leading diagnostic test kit provider, recently executed an M&A deal with OLM Diagnostics, a manufacturer of diagnostic tests, to expand its product offerings and enhance market positioning. This strategic move is expected to bolster IMMY's presence in the competitive infectious disease diagnostics market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals
  • Labs
• Type
  • Molecular diagnostic techniques
  • Traditional diagnostic techniques
• Test
  • Blood
  • Urine
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of infectious diseases
• Development of novel drugs
• Increasing adoption of POC

However, the market also witnesses some limitations, which are as follows:

• Availability of counterfeit drugs in developing economics
• Lack of accessibility to infectious diagnostic tests in developing countries
• Uncertain reimbursement scenario

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Market Scope in Infectious Disease Diagnostics Market Research Report

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Research Analysis Overview

The Infectious Disease Diagnostics Market encompasses advanced technologies such as flow cytometry, whole genome sequencing, and microbial identification for swift and accurate diagnosis. Technologies like drug resistance testing streamline diagnostics workflow, while sample preparation, collection, and handling are crucial steps. Assay development, validation, and clinical trials ensure diagnostic accuracy. Cost-benefit analysis, economic impact, and healthcare infrastructure are key considerations. Public health policy, disease prevention, antimicrobial resistance, and emerging infectious diseases drive market growth. Pandemic preparedness, global health, remote diagnostics, point-of-need testing, and mobile diagnostics are evolving trends. The diagnostics industry thrives on continuous research and development.

Market Research Overview

The Infectious Disease Diagnostics Market is a significant segment of the global healthcare equipment market, encompassing molecular diagnostics, serological testing, antibody detection, and antigen detection technologies. Technavio, a leading global technology research and consulting firm, classifies this market as part of the broader healthcare equipment industry. The healthcare equipment market encompasses manufacturers of various diagnostic equipment and devices, spanning capital equipment, instruments, implants, accessories, and consumables. These products are utilized for disease diagnosis, monitoring, and treatment across diverse therapy areas. Technavio estimates the healthcare equipment market size by aggregating the revenues generated by manufacturers within these diagnostic equipment and device categories. The healthcare equipment industry is segmented into Devices, which includes advanced, differentiated, and clinically validated devices, and other segments.. 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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