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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