Infectious Disease Diagnostics Market by Product (Instruments, Reagents, Services, Software), Application (Hepatitis C, AIDS, Tuberculosis), Technology (PCR, INAAT, DNA Sequencing, Hybridization), End User (Hospital, Laboratories) - Global Forecast to 2019
Dallas, TX -- (SBWIRE) -- 01/26/2015 -- The report "Infectious Disease Diagnostics Market by Product (Instruments, Reagents, Services, Software), Application (Hepatitis C, AIDS, Tuberculosis), Technology (PCR, INAAT, DNA Sequencing, Hybridization), End User (Hospital, Laboratories) - Global Forecast to 2019" provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.
The Infectious disease diagnostic (IDD) market is estimated to grow at a CAGR of 7.9% to reach $18,156.2 million by 2019. Traditional diagnostic techniques such as immunodiagnostics and biochemical characterization are the largest segments of the IDD market. However, molecular diagnostic techniques, such as microarrays and isothermal nucleic acid amplification technology (INAAT), will show the fastest growth in the forecast period.
The report segments the global infectious disease diagnostics market by product, application, technology, end users and region. On the basis of product, the IDD market is segmented into instruments, consumables, and software & services. Among products, consumables (assays and reagents) are estimated to be the largest market, owing to its growing adoption in emerging infectious disease diagnostics worldwide.
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On the basis of application, the infectious disease diagnostics market is segregated into Hepatitis B, Hepatitis C, Human Immunodeficiency Virus (HIV), Tuberculosis (TB), Chlamydia trachomatis and Neisseria gonorrhoeae (CT/NG), human papillomavirus (HPV), Methicillin-resistant Staphylococcus aureus (MRSA), and others (Influenza, Ebola, Typhoid, Malaria, and Dengue included). Hospital-acquired MRSA infections and human papillomavirus (HPV) are expected to be the fastest-growing market segments in the forecast period. This growth is attributed to the growing prevalence of these diseases in recent years.
On the basis of technology, the segment is divided into traditional and molecular diagnostics market. Traditional diagnostics includes immunodiagnostics, microscopy, and biochemical characterization. Molecular diagnostics is further divided into Polymerase Chain Reaction (PCR), INAAT (Isothermal Nucleic Acid Amplification Test), Hybridization, DNA Sequencing & Next-generation Sequencing (NGS), microarrays, and others (flow cytometry, mass spectroscopy, electrophoresis). PCR and INAAT are expected to be the largest market segments. Microarrays, INAAT, and NGS are expected to show the highest growth. This growth is attributed to the need for better sensitivity, specificity and faster turnaround time of diagnostics test for diagnosis of diseases such as HPV, TB, HIV, influenza, hepatitis among others.
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On the basis of end users, the market is segmented into hospital laboratories, reference labs, physician office labs, academics, and others (blood banks, local public health laboratories, home health agencies, nursing homes, point-of-care, self-testing). Hospital laboratories and reference labs are the largest segments in the IDD market.
The growth of the ORM market is propelled by the increasing prevalence rate of infectious diseases, demand for new rapid diagnostic tests, and increased funding for infectious disease diagnostics by governments. However, rising healthcare costs and the presence of a complex regulatory framework for diagnostics devices are factors hindering the growth of the IDD market.
Key players in this market are Roche Diagnostics (Switzerland), bioMerieux (France), Bio-Rad Laboratories (U.S.), Becton and Dickinson & Co. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.).
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