Infectious Disease Molecular DiagnosticsTests Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast2015 - 2023
Transparency Market Research Reports incorporated a definitebusiness overview and investigation inclines on "InfectiousDisease Molecular Diagnostics Tests Market". This reportlikewise incorporates more illumination about fundamentalreview of the business including definitions, requisitions andworldwide business sector industry structure.
Molecular diagnostics is one of the transformative and dynamicareas of diagnostic, leading to advances in treatment andresearch that are modernizing and developing healthcare acrossbroad range of infectious diseases and health conditions.Currently, the market for infectious disease moleculardiagnostics tests is considerably promising and profitable due tothe increasing adoption rate of molecular diagnostictechnologies along with escalating incidence rates of infectiousdiseases the market is expected to grow substantially.
In terms of regional distribution, North America followed byEurope account for the largest market share of infectious diseasemolecular diagnostics tests market due to the market availabilityof the tests and high incidence rate of various infectious disease
such as HPV, hepatitis and bacterial infections. According to anarticle published in the World Journal of Hepatology, each yeararound 1.5 million clinical cases of hepatitis A occur globally.
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In addition, other regions such as Asia Pacific, Latin America aswell as Middle East, are expected to be the potential markets inthe near future. Due to the high adoption rate of advancedmolecular diagnostic tests and exponentially growing healthcareindustry, these regions are expected to be the potential market inthe near future.
Across the globe, the overall infectious disease moleculardiagnostics tests market is witnessing a considerable pressureand rapid development. Moreover, increasing incidence rate ofinfectious diseases such as respiratory diseases, bacterialinfections, HIV and HPV are expected to boost the marketgrowth of the infectious disease molecular diagnostic testsmarket in the near future. For instance, according to theUNAIDS (The Joint United Nations Programme on HIV/AIDS),in 2012, approximately 1.3 million people were living with HIV,in the U.S.
Furthermore, the WHO claims that, at the end of 2013, globally,approximately, 35 million individuals were living with HIV.Thus, this large base of HIV patients is expected to drive themarket growth of infectious disease molecular diagnostic testsmarket across the globe.
Furthermore, advantages of molecular diagnostic tests such asability to identify multiple strains of respiratory viruses andability to monitor the level of HIV virus in the persons bloodfor determining the type of treatment would contribute to thegrowth of this market. However, high cost of these tests andavailability of the tests kits are some of the factors that mightnegatively influence the growth of this market.
Currently, the global infectious disease molecular diagnosticstests market is highly fragmented and competitive owing to thepresence of many global as well as emerging players in theinfectious molecular diagnostic tests market. The market isexpected to witness a significantly high growth rate due to theincreasing incidence of infectious diseases and introduction ofadvanced diagnostic technologies in the field healthcareindustry.
Major companies operating in the field of infectious diseasemolecular diagnostics tests market are Abbott Laboratories,Affymetrix, Inc., Becton, Dickinson and Company, bioMrieux,Cepheid, Inc., Hologic, Inc., Life Technologies, MyriadGenetics, Inc., Qiagen N.V. and others.
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