Point-of-Care Infectious Disease Testing Market: HIV Testing Products to Dominate Global Market

Point-of-Care Infectious Disease Testing Market: Introduction

• Rapid access to pathology test results is critical to high quality and efficient modern healthcare. Advantages of rapid access to test results have been demonstrated in relation to patient length of stay in emergency departments and timeliness of access to information is critical for patient care decisions – such as for therapeutic drug monitoring and patient flow decisions. Increase in demand for emergency departments and inpatient beds, together with workforce shortages, consumer demand, and technological advances, has seen a significant increase in the utilization of point-of-care devices. Furthermore, rise in number cases of infectious diseases has boosted the advancements in point of care instruments sector, thereby driving the market.

Read Report Overview - https://www.transparencymarketresearch.com/point-of-care-infectious-disease-testing-market.html

Key Drivers and Restraints of Global Point-of-Care Infectious Disease Testing Market

• Rise in prevalence of infectious diseases across the globe fuels the market growth. Several viruses have been identified as etiologic agents responsible for acute respiratory tract infection which include infection due to Coronaviridae (HCoV-229E, HCoV-OC43, HCoV-NL63, HCoV-HKU1, SARS-CoV, and HCoV-EMC), Orthomyxoviridae (Influenza A, B, and C), and Adenoviridae (human adenovirus A to G). In an economic modeling analysis, the average annual burden of seasonal influenza among adults aged 18 to 49 years without medical conditions that confer a higher risk for influenza complications was estimated to include approximately 5.2 million illnesses, 2.4 million outpatient visits, and 31,800 hospitalizations.
• The emerging market players other than established firms are occupied in manufacturing significant number of new and innovative products and solutions, thus, fueling growth of the point-of-care infectious disease testing market.
• However, product recall; pricing pressure, owing to reimbursement cuts and budget constraints; and stringent & time-consuming approval policies may hamper the growth of the market.

Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76862

HIV Testing Products to Dominate Global Point-of-Care Infectious Disease Testing Market

• Based on products, the global point-of-care infectious disease testing market can be divided into influenza testing products, HIV testing products, hepatitis C testing products, sexually transmitted disease testing products, respiratory infection testing products, tropical disease testing products, and other infectious disease testing products.
• Human immunodeficiency virus (HIV) POC testing generated large revenue in 2019. As per the Centers for Disease Control and Prevention (CDC), globally, about 1.7 million new cases of HIV were reported in 2018. About 37.9 million people were living with HIV across the world in 2018. An estimated 770,000 people died from AIDS-related illnesses in 2018. An estimated 35 million people have died from AIDS-related illnesses since the start of the widespread occurrence of diseases.
• However, demand for point-of-care testing in influenza is expected to grow rapidly as influenza outbreaks and epidemics pose ongoing risks to global human public health. The WHO recommends the use of rapid testing for influenza diagnosis.

Request for Analysis of COVID19 Impact on Point-of-Care Infectious Disease Testing Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=76862

Lateral Flow Assays to Dominate Global Point-of-Care Infectious Disease Testing Market

• Based on techniques, the global point-of-care infectious disease testing market can be divided into lateral flow assays, plasmonics technology, microfluidics, molecular diagnostics, and immunoassays
• Lateral flow assays dominated the point-of-care infectious disease testing market in 2019 due to increasing adoption of lateral flow assays in POC testing as a replacement for lengthy, conventional laboratory procedures.  Rapid, low-cost, compact, and portable nature of lateral flow technology is lowering some of these barriers such as cost of diagnosis and treatment, large time consumption etc. Alpha Laboratories offers many lateral flow testing kits for Helicobacter pylori, Cryptococcus, Sona Coccidioides Antibody, and Aspergillus Galactomannan infectious disease testing.
• However, as microfluidics can provide a fully integrated POC device for sample processing, fluid handling, and signal generation, this segment is expected to grow at a rapid CAGR during the forecast period.

Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=76862

Clinics Segment Witness Highest Growth

• Based on end-user, the global point-of-care infectious disease testing market can be divided into hospitals, clinics home care settings, research laboratories, and others
• In 2019, the clinics segment dominated the point-of-care infectious disease testing market in terms of highest revenue generation and is anticipated to continue leading the market over the forecast period. This is due to extensive use of technologically-advanced medical devices to offer the point-of-care (PoC).
• Molecular test can be implemented in an outpatient clinic and successfully allows POC usage. The Xpert MTB/RIF test based on GeneXpert technology (Cepheid Inc.) is one such technology that can potentially be implemented in TB clinic settings and peripheral laboratories.

North America to Lead Global Point-of-Care Infectious Disease Testing Market

• In terms of region, the global point-of-care infectious disease testing market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• In terms of revenue, North America dominated the point-of-care infectious disease testing market, followed by Europe. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period of 2020 to 2030, due to increasing R&D expenditure and merger & acquisition with big players coupled with rising number of diseases.
• Increase in number of diseases along with technological advancement and increasing number of product approvals in North America boost the growth of the market. As per a report published by CDC on April 7, 2020, due to COVID-19 infection, more than 374,329 Americans are affected. 

Key Manufacturers Operating in Market

The global point-of-care infectious disease testing market was highly fragmented in 2018. Key manufacturers operating in the global market are:

• Abbott
• Bio-Rad Laboratories, Inc.
• Quest Diagnostics Inc.
• Thermo Fisher Scientific, Inc.
• Hoffmann-La Roche Ltd
• Danaher
• Siemens Healthineers
• Sight Diagnostics Ltd
• bioMérieux SA
• Cardinal Health
• Trinity Biotech
• Ortho Clinical Diagnostics
• Gene POC
• Becton Dickinson Company
• Trivitron Healthcare
• Chembio Diagnostics Systems, Inc.
• OJ-Bio Ltd

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700
Albany NY - 12207United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com