Infectious Disease Rapid Diagnostic Testing Market Trend - Increasing Incidence of Infectious Diseases Across The Globe
Increasing incidence of infectious diseases across the globe, rapid advancement in point-of-care testing devices, and rising affordability of clinical diagnostics are some key factors expected to drive Infectious Disease Rapid Diagnostic Testing market revenue growth.
According to Emergen Research, the global infectious disease rapid diagnostic testing market size was USD 27.89 billion in 2021 and is expected to reach USD 51.01 Billion in 2030 and register a revenue CAGR of 7% during the forecast period, 2020-2027.
Prevalence of infectious diseases has rapidly increased across the globe over the recent past due to rapid spread of infectious pathogens through a rapidly rising global population. Most common infectious diseases are lower respiratory infections, diarrheal diseases, viral hepatitis, and parasitic diseases spread through consumption of raw fishes and ethnic food. Increasing need to prevent the spread of infectious diseases, growing awareness among individuals for rapid diagnosis and treatment, increasing trend of point-of-care diagnostic testing, and introduction of novel infectious diseases diagnostic testing kits are some key factors expected to drive market revenue growth over the forecast period.
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Rapid diagnostic testing, in context to infectious diseases, includes lateral flow, immunochromatographic tests that are used to detect certain infections. Rapid diagnostic tests (RDTs) for infectious diseases have emerged as a promising tool to improve patient care, make timely optimization of antimicrobial use, and to prevent infection in the emergency department settings. Rapid diagnostic tests for infectious diseases have been widely implemented in laboratories and emergency rooms to expand the diagnosis of infection and facilitate antimicrobial stewardship in the emergency departments wherein rapid clinical decisions are imperative to prevent overcrowding and time pressure. Over the recent years, with recent advancements in technology, numerous rapid diagnostic testing kits have been introduced. Emergence of COVID-19 pandemic has further boosted demand for rapid test kits and this is expected to further drive market revenue growth over the coming years. In addition, stringent regulations regarding approval and high costs of certain diagnostic products are expected to restrain revenue growth of the market to a certain extent going ahead.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Polymerase Chain Reaction Segment to Account for Largest Revenue Share:
Polymerase chain reaction segment is expected to account for largest revenue share in the global market over the forecast period attributable to increasing adoption of PCR technique in diagnostics due to its accuracy and efficacy in detecting toxins and infectious disease causing agents, introduced of new and improved PCR techniques, and availability of PCR-based rapid diagnostic test kits.
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Hepatitis Segment to Dominate Other Disease Segments:
Hepatitis segment is expected to dominate other disease segment in terms of revenue share over the forecast period attributable to rising incidence of hepatitis B across the globe, growing demand for rapid diagnostic test kits for the disease, and increasing need to prevent the spread of the disease.
North America to Lead in Terms of Revenue Share:
North America is expected to account for a significantly large revenue share in the global market over the forecast period attributable to increasing prevalence of infectious diseases, rapid technological advancements in clinical diagnostics, presence of established healthcare infrastructure, favorable reimbursement policies, availability of affordable point-of-care diagnostic test kits, and increasing network of hospitals and clinics in the region.
Major Companies in the Market Include:
- Abbott Laboratories
- Danaher Corporation
- F. Hoffmann-La Roche Ltd.
- Thermo Fisher Scientific Corporation
- BioMérieux SA
- BD (Becton, Dickinson and Company)
- Siemens Healthineers AG
- PerkinElmer Inc.
- Bio-Rad Laboratories, Inc.
- Sysmex Corporation
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For the purpose of this report, Emergen Research has segmented the global infectious disease rapid diagnostic testing market on the basis of product & service, technology, disease, end-use, and region:
Product & Service Outlook (Revenue, USD Billion; 2019–2030)
- Reagent & Kits
- Data Management Software
Technology Outlook (Revenue, USD Billion; 2019–2030)
- Enzyme-linked Immunosorbent Assay (ELISA)
- Enzyme-linked Immunospot Assay (ELISpot)
- Polymerize Chain Reaction (PCR)
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- DNA Microarray
- Clinical Microbiology
- Other Technologies
Disease Outlook (Revenue, USD Billion; 2019–2030)
End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Hospital & Clinical Laboratories
- Diagnostic Center
- Academic & Research Institutions
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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