We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Technopath Clinical Diagnostics - An LGC Company

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Infectious Respiratory Disease Diagnostics Market Driven by New Multiplex PCR Tests and POC Products

By LabMedica International staff writers
Posted on 01 Nov 2022
Print article
Image: The global infectious respiratory disease diagnostics market is expected to reach USD 43.6 billion by 2030 (Photo courtesy of Pexels)
Image: The global infectious respiratory disease diagnostics market is expected to reach USD 43.6 billion by 2030 (Photo courtesy of Pexels)

The global infectious respiratory disease diagnostics market size is expected to reach USD 43.6 billion by 2030, driven by an increase in the prevalence of infectious respiratory diseases and initiatives taken by governments & non-profit organizations to introduce novel & innovative products to address the growing demand. The market growth is expected to be fueled by the rising incidence of infectious respiratory disorders, such as tuberculosis, RSV, and influenza. According to the UN, pneumonia affects around 4.2 million people every year. Additionally, the key market players are developing innovative techniques to improve production for meeting the growing demand in diagnostics and consumables for the diagnosis of infectious diseases.

These are the latest findings of Research and Markets (Dublin, Ireland), a market research firm.

The market players are launching multiplex tests for the simultaneous diagnosis of RSV, influenza, and COVID-19 respiratory diseases. RT-PCR tests are considered the gold standard for the diagnosis of COVID-19 in patients. However, the high prices associated with molecular tests are one of the major factors hampering market growth. The lack of comparable products is another reason for the higher prices. This problem is further compounded by significant variations in the prices for different applications of each molecular diagnostic product. The market players are adopting strategies, such as new product launches and partnerships, to increase the penetration of their infectious respiratory disease diagnostics products.

In 2021, the consumables segment accounted for the largest revenue share and is anticipated to maintain its dominance over the forecast period owing to high testing rates for the diagnosis of COVID-19 and the commercialization of multiple assays in recent years. Molecular diagnostics accounted for the highest revenue share in 2021, due to the increasing use of PCR technology for COVID-19 diagnosis. The nasopharyngeal swabs sample type segment held the highest revenue share in 2021 owing to high usage in COVID-19 diagnosis. The COVID-19 application segment led the industry in 2021 due to factors, such as high incidence rate, increasing product approvals, and high R&D initiatives for launching innovative products. Tuberculosis diagnostics is expected to register the fastest CAGR during the forecast period, led by increasing government focus and R&D funding for the development of diagnostics. Asia Pacific is expected to register the fastest growth during the forecast period, on the back of higher penetration of IVD products, rise in disposable income, and increased prevalence of tuberculosis in the underdeveloped countries.

Related Links:
Research and Markets

New
Gold Supplier
Real-Time Diagnostics Onscreen Viewer
GEMweb Live
New
Benchtop Coagulation Analyzer
Ci300
New
3 & 5-Part All-In-One Auto Hematology Analyzer
SMT-50
New
Influenza Type A & B Antigen Test
Status Flu A & B

Print article
SUGENTECH INC.

Channels

Clinical Chem.

view channel
Image: Equivalence of Genetically Elevated LDL and Lipoprotein(a) on Myocardial Infarction (Photo courtesy of Viborg Regional Hospital)

Familial Hypercholesterolemia Patients With ACD Have Elevated Lipoprotein(a)

Familial hypercholesterolemia (FH) is a genetic disorder characterized by high cholesterol levels, specifically very high levels of low-density lipoprotein (LDL cholesterol), in the blood and early cardiovascular... Read more

Molecular Diagnostics

view channel
Image: A cheap blood test could improve diagnosis of myocarditis (Photo courtesy of Queen Mary University of London)

First-Ever Blood Test Could Detect Deadly Heart Inflammation Within Hours

Myocarditis, or inflammation of the heart muscle, is a difficult condition to diagnose. Symptoms include a temperature, fatigue, chest pain and shortness of breath, which can all be easily mistaken for... Read more

Microbiology

view channel
Image: Ring-form trophozoites of Plasmodium vivax in a thin blood smear (Photo courtesy of Centers for Disease Control and Prevention)

Immune Regulators Predict Severity of Plasmodium vivax Malaria

Cytokines and chemokines are immune response molecules that display diverse functions, such as inflammation and immune regulation. In Plasmodium vivax infections, the uncontrolled production of these molecules... Read more

Pathology

view channel
Image: Breast cancer spread uncovered by new molecular microscopy (Photo courtesy of Wellcome Sanger Institute)

New Molecular Microscopy Tool Uncovers Breast Cancer Spread

Breast cancer commonly starts when cells start to grow uncontrollably, often due to mutations in the cells. Overtime the tumor becomes a patchwork of cells, called cancer clones, each with different mutations.... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.