GlobalTuberculosis Diagnostic Market is expected to reach $XX Mn by 2026from $XX Mn in 2019, at a CAGR of 5.2% during the forecast period.
Global Tuberculosis DiagnosticMarket Overview:
Tuberculosis or TB is aninfectious disease caused by Mycobacterium tuberculosis bacteria. Tuberculosisgenerally affects the lungs, but can also affect other parts of the body. Mostinfections do not have symptoms and this is known as latent tuberculosis. About10% of latent infections progress to active disease which, if left untreated,kills about half of those infected.
Global Tuberculosis DiagnosticMarket Dynamics:
Rising Burden of Tuberculosis andMulti-drug Resistant Tuberculosis (MDR TB) are the primary factors driving themarket growth.
According to the World HealthOrganization (WHO), about 10 million people are affected by tuberculosis, eachyear. Further, tuberculosis is the leading cause of death from a singleinfectious agent, ranking above HIV/AIDS. The rise in initiatives by governmentsand independent organizations to control the spread of tuberculosis is alsocontributing to the growth of the global tuberculosis diagnostics market. Anincrease in expenditure on R&D activities for the development of noveltuberculosis diagnostic procedures will be a major factor for the growth of thetuberculosis diagnostics market growth in the forecast period. However, thehigh cost associated with the Tuberculosis testing procedure may hamper themarket growth.
The report has profiled fifteen keyplayers in the market from different regions. However, report has consideredall market leaders, followers and new entrants with investors while analyzingthe market and estimation the size of the same. Increasing R&D activitiesin each region are different and focus is given on the regional impact on thecost, availability of advanced technology are analyzed and report has come upwith recommendations for future hot spot in APAC region.
Global Tuberculosis DiagnosticMarket Segment Analysis:
The Global Tuberculosis DiagnosticMarket is segmented on the basis of Test Type and End-users.
Based on Test Type, the NucleicAcid Testing segment is projected to hold a significant market share. Nucleicacid testing of tuberculosis provides a higher level of accuracy and higherspeed than culture-based tests, which is a factor driving the growth of thenucleic acid testing segment. The segment is expected to witness a CAGR of 5.4%over the forecast years.
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Global Tuberculosis DiagnosticMarket Regional Insights:
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Asia Pacific is expected towitness lucrative market growth during forecast period.
Due to the high burden oftuberculosis as well as the rapid proliferation of this disease the region isexpected to dominate the market. Countries, such as India, China, Indonesia,and Afghanistan are among the top-priority countries for the control ofcommunicable diseases, according to the WHO. China and India registered thehighest number of new cases of tuberculosis annually, followed by African andLatin American countries.
The report also helps inunderstanding Global Tuberculosis Diagnostic Market dynamics, structure by analyzingthe market segments and project the Global Tuberculosis Diagnostic Market size.Clear representation of competitive analysis of key players by product, price,financial position, product portfolio, growth strategies, and regional presencein the Global Tuberculosis Diagnostic Market make the report investor’s guide.
Key Developments:
In June 2018, Qiagen set up newguidelines from the American Academy of Pediatrics (AAP) for screening childrenas young as two years old, for latent tuberculosis infection.
Global Tuberculosis DiagnosticMarket Scope: Inquire before buying
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Global Tuberculosis DiagnosticMarket, By Region:
• North America
• Europe
• South America
• MEA
• APAC
Global Tuberculosis DiagnosticMarket, key players:
• Thermo Fisher Scientific, Inc.
• Alere, Inc.
• Becton
• Dickinson and Company
• F. Hoffmann-La Roche AG
• LIONEX Diagnostics &Therapeutics GmbH
• Danaher Corporation
• Creative Diagnostics
• QIAGEN
• Oxford Immunotec Ltd.
• Hologic, Inc.
• Cepheid
• Akonni Biosystems, Inc.
• bioMerieux SA
• Epistem Ltd.
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