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Global Tuberculosis Testing Market to Grow at over 3.9% CAGR During 2017-2025

Global tuberculosis testing market will likely expand at a tepid CAGR of 3.9% from 2017 to 2025 to become worth US$3.18 bn by 2025.


Albany, NY -- (SBWIRE) -- 12/06/2017 -- Tuberculosis testing is one of the most common diagnostic tools for testing tuberculosis which is an infectious disease developed of tubercles in the body tissues especially in lungs. According to a latest report titled "Tuberculosis Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025" added into the database of Market Research Hub (MRH), the global market of tuberculosis testing is expected to deliver a 3.9% CAGR during the assessment period from 2017 to 2025. Additionally, the report predicts that the global tuberculosis testing market is estimated to generate a revenue of US$3.18 bn by the end of 2025.

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In the beginning, the informatory report includes an executive summary comprising of key details of the global tuberculosis testing market including market share and CAGR. The report provides introduction to the market in its next section of market overview and covers market dynamics, market analysis and forecast from 2015 to 2025, market outlook, challenges of traditional testing methods, global R&D spending/funding on tuberculosis testing to mention a few.

The important section of market dynamics identifies factors driving the market, restraints to the market growth, future opportunities and key trends. According to the study, increase in case detection rate globally, rise in prevalence of drug resistant tuberculosis infection, improvement in bacteriological confirmation, rise in awareness enabling proper disease management, rising demand for improved and technologically advanced tuberculosis testing procedures, tuberculosis awareness and control programs are some of the key factors that are driving the market. The report also shares details of factors such as challenges of mantoux test and high cost of various tuberculosis tests that work as restraints to the growth of the market. As per the report, impact of novel tests on the overall market and high potential market for affordable and more effective TB tests are some of the future opportunities available in the global tuberculosis testing market.

The study has been segmented into test type, end-user and region for in-depth analysis. These segments have been analyzed in terms of key finding / developments, market value share analysis, market forecast and market attractiveness. The test type segment is bifurcated into chest x-ray, interferon gamma release assay, culture based tests, nucleic acid testing, mantoux tests, smear microscopy, serological tests and other tests.

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The end-user segment is further sub-segmented into hospitals laboratories, reference laboratories, physician's laboratories, academic & research institute and others. North America, Europe, Latin America, Asia Pacific and Middle East and Africa are key regions selected by the study for geography wise analysis.

In addition to this, the report has covered competition landscape and profile of the key companies with details overview, financials, recent developments and strategy. Some of these companies are Oxford Immunotec Ltd., Thermo Fisher Scientific, Inc., Akonni Biosystems, Inc., Epistem Ltd. and LIONEX Diagnostics & Therapeutics GmbH.

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