Global Infectious Disease Diagnosis & Treatment Market Growing Demand, Industry Synopsis, Opportunities and Analysis 2020 to 2027
Global Infectious Disease Treatment Market Research Report: By Disease Type (Viral Diseases, Bacterial Diseases, Fungal Diseases, Parasitic Diseases and others), Treatment (Antibiotics, Antivirals, Antifungals, Anti-Parasitic and others), End User (Hospitals & Clinics, Ambulatory Care Centers and others) and Region (the Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
According to the latest report by Market Research Future (MRFR, the global infectious disease diagnosis & treatment market is anticipated to acquire a significant valuation at a CAGR of 6.5% during the forecast period (2018 to 2023).
The global market for infectious disease diagnosis and treatment is driven by influential factors such as the increasing inclination towards point-of-care testing and the rising prevalence of infectious diseases. Additionally, the technological advancements in diagnostics for contagious illnesses coupled with the expanding demand are likely to fuel the market growth.
On the other hand, the growing medical costs and strict government regulations are expected to hinder the market growth to some extent over the review period.
Segmental Analysis
The global market for infectious disease diagnosis & treatment is segmented by disease type, diagnostic product & services, diagnostic techniques, treatment, end-user, and region.
Types of diseases in the infectious disease diagnosis & treatment market are cancer-related infections, hepatitis, hospital-acquired infections (HAI),influenza, sexually transmitted infections (STI), tropical diseases, tuberculosis (TB), and others.
The diagnostic products and services offered in the market are assays, kits & reagents, instruments, services & software, and others.
The diagnostic techniques utilized in the market are DNA sequencing & next-generation sequencing (NGS), DNA microarray, isothermal nucleic acid amplification technology (INAAT), immunodiagnostics, polymerase chain reaction (PCR), and others.
Several treatment facilities available in the market are alternative medicine, antibiotics, antifungals, anti-parasitic, antivirals, and others.
Based on end user, the market is segmented into diagnostic laboratories, hospitals & clinics, and others.
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Regional Analysis
The global infectious disease diagnosis & treatment market has been studied in the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas is the dominant region in the global market for infectious disease diagnosis & treatment, owing to increasing infection rates and the presence of chief market players in the region. Additionally, the established healthcare sector, continuous research and development activities, and the early adoption of advanced technologies in the medical industry are expected to contribute substantially to the market share over the forecast period.
Europe is the second largest region in the global infectious disease diagnosis & treatment market and is expected to retain its significant market share through the assessment period. This can be attributed due to the presence of developed healthcare infrastructure, growing awareness regarding infectious diseases among consumers, and the presence of developed economies such as Germany, the UK, among others.
The Asia Pacific (APAC) region is assessed as the fastest growing region for the global infectious disease diagnosis & treatment market. The rising prevalence of bovine tuberculosis in certain developing countries in the region is impacting the prevalence of human tuberculosis. Additionally, the weak immune system of the geriatric populace and children increases their susceptibility to infectious diseases. On the other hand, the increasing population is a major driving factor for the Asia-Pacific region, especially in emerging economies such as India, China, and Japan.
the Middle East and Africa account for the smallest market share in the global infectious disease diagnosis & treatment market. This is due to the presence of weak economic growth, low per capita income, especially within the African region. The middle east contributes to the majority of the market share, owing to the increasing government expenditure in healthcare, and the presence of developed economies like Kuwait, Saudi Arabia, UAE, and others.
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Key players
Some of the key players acknowledged in the global infectious disease diagnosis & treatment market are Abbott Laboratories, Alere, Inc., AstraZeneca, Becton Dickinson & Co., Bio-Rad Laboratories, Cipla, Danaher Corporation, F. Hoffmann-La Roche Ltd, GlaxoSmithKline, Gilead, Janssen Pharmaceutical, Inc., Johnson And Johnson, Novartis, Siemens Healthcare and others.
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