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Infectious Disease Diagnostics Market size was USD 24 billion in 2022 and will exhibit more than 5.5% CAGR from 2023-2032. Rising popularity of point-of-care diagnostic testing techniques to supplement industry growth.
The increasing preference for point-of-care diagnostic testing will influence the industry expansion. Rapid results obtained from point-of-care testing are increasingly crucial for prompt diagnosis and treatment in urgent care centres, emergency rooms, and ambulances. The growing need for rapid diagnosis and treatment helps to enhance patient outcomes while catering to several illnesses or infectious diseases has made way for innovations, further driving the market share.
Report Attribute | Details |
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Base Year: | 2022 |
Infectious Disease Diagnostics Market Size in 2022: | USD 24 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.5% |
2032 Value Projection: | USD 40 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 380 |
Tables, Charts & Figures: | 366 |
Segments covered: | Product, Technology, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Limited awareness pertaining to infection control and prevention as well as personal health and hygiene, specifically in the underdeveloped nations may pose as a major barrier for the demand for infectious disease diagnostics. Numerous hospitals are facing the challenges of inadequate infrastructure, such as poor water sanitation, and hygiene facilities. Lack of training among healthcare professionals for infection control in healthcare settings, staff shortages, and ineffective compliance of hospital and patient staff with hygiene standards are other factors limiting the market size.
Infectious disease diagnostics market share from the reagents, kits & consumables segment was over USD 12 billion in 2022. This is attributed to the abundant availability of reagents, kits, and consumables for diagnosing several infectious diseases on the basis of exact targeted pathogens and conducted diagnostic tests. The growing adoption of RT-PCR in identifying RNA viruses including influenza, SARS-CoV-2, and hepatitis C will also add to the industry landscape.
Infectious disease diagnostics market from respiratory disease applications will record 6% CAGR from 2023-2032. In recent years, there has been a significant rise in the number of pathogens that cause respiratory infections include bacteria, viruses, fungi, and parasites. Chest X-rays, such as CT scans, physical exams, and laboratory tests, including PCR testing of respiratory secretions and blood are increasingly employed as diagnostic tools to treat respiratory infections. The growing prominence of these tests for determining the origin of respiratory infections and offering the best course of actions will influence the industry scenario.
North America infectious disease diagnostics market is estimated to exceed USD 17 billion by 2032 due to the surging frequency of infectious diseases and the scaling deployment of cutting-edge diagnostic technologies. The rising healthcare costs and the rapidly expanding ageing population mainly in the U.S., Canada and Mexico will also boost the development of the regional market.
are some of the leading infectious disease diagnostics industry market participants worldwide. These firms are actively adopting various strategies to boost their revenue sales.
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