Market Overview-
The global tuberculosis (TB) diagnostics market size is projected to witness remarkable growth in the forthcoming years. The rising geriatric population and the rising ubiquity of tuberculosis are anticipated to boost market growth. Fortune Business Insights™ has presented this information in an upcoming report, titled, “Tuberculosis (TB) Diagnostics Market, 2021-2028”.
The tuberculosis (TB) diagnostics market is projected to gain steep momentum due to several reasons. For instance, the rising technological advancements in diagnostic tools due to the extensive research and development activities and the swift adoption of advanced diagnostic techniques are anticipated to fuel market growth.
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COVID-19 Impact-
The public health crisis has brought several economies on the verge of recession. It has negatively impacted tuberculosis (TB) diagnostics market. The shutdown of several diagnostic clinics and hospitals has affected the market growth. Additionally, the shifting focus of the healthcare sector on treating coronavirus-infected patients has stagnated market growth. Additionally, the fear amongst the general population about getting infected during a visit to hospitals aggravated the situation. However, vaccines are now available to the masses, and the market is gradually recovering. The market is expected to witness rapid growth post-pandemic.
Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/tuberculosis-tb-diagnostics-market-102009
Segmentation-
On the basis of test type, the market is segmented into smear microscopy, serological tests, nucleic acid testing, mantoux tests, culture-based tests, and chest X-rays. On the basis of end-user, the market is fragmented into diagnostic centers, specialty clinics, and hospitals. Geographically, the market is classified into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Report Coverage-
- The report is devised using an innovative research methodology that follows top-down and bottom-up approaches to market research.
- The report provides vital information on different market segments; test type, end-user, etc.
- The report assimilates Porters’ Five Forces Analysis for an unerring market prediction.
- The report provides valuable insights into the regulatory scenarios of the market.
- The report evaluates the impact of the COVID-19 pandemic and suggests future growth strategies.
Drivers & Restraints-
Rising Worldwide TB Prevalence to Augment Market Growth
The increasing numbers of tuberculosis cases worldwide are expected to bolster global tuberculosis (TB) diagnostics market growth. Approximately 10 million people are diagnosed with tuberculosis per year worldwide, as per the World Health Organization (WHO). The rising geriatric population and the sedentary lifestyle of consumers are anticipated to fuel market growth. Moreover, the rising numbers of blood tests are expected to augment market growth.
The rising investments in research and developments activities by key players to develop advanced diagnostics are expected to foster market growth. Additionally, the launch of new diagnostic products is expected to bolster market growth. Lastly, the favorable government initiatives to spread awareness about diagnostics in surfacing markets and the swift adoption of advanced diagnostics in developing and developed economies are projected to surge market growth.
However, the high costs of diagnostic tests may impede market growth.
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Regional Insights-
Asia Pacific to Dominate Global Market Backed by Rising Awareness of TB Diagnostics
Asia Pacific is expected to dominate in terms of the tuberculosis (TB) diagnostics market share. The growing instances of tuberculosis are expected to be the major growth drivers for the market. Additionally, the expanding consumer awareness regarding TB diagnostics and the swift diagnostic tools adoption is projected to stimulate market growth in the forthcoming years.
North America is projected to gain substantial growth in the global market. The rising investments in research and development activities to develop advanced TB diagnostics are anticipated to drive market growth.Europe is anticipated to gain considerable growth due to the growing tuberculosis prevalence in the region.
The Middle East & Africa and Latin America are projected to gain striking growth. The rising emphasis of key players to launch new products in tuberculosis diagnostics is expected to foster market growth.
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Competitive Landscape-
Key Players Focus on Organic Growth Strategies to Intensify Competition
Key players in the global tuberculosis (TB) diagnostics market are primarily emphasizing on organic growth strategies such as new product launches, technological advancements, and product innovations. For instance, Hain Lifescience GmbH unveiled FluoroType MTBDR 2.0 Liquid Array molecular assay for tuberculosis diagnostics for antibiotic resistance testing in a liquid array format in March 2019.
Industry Developments-
- May 2019: Hoffman-La Roche Ltd. unveiled MTB-RIF/INH test to spot antibiotics resistance in TB DNA.
Key Players in the Global Tuberculosis (TB) Diagnostics Market are:
- Hain Lifescience GmbH
- Danaher
- Thermo Fisher Scientific Inc.
- BD
- Oxford Immunotec USA Inc.
- F-Hoffman-La Roche Ltd.
- QIAGEN
- Abbott
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Global Tuberculosis Diagnostics Market is anticipated to reach USD 3.1 billion by 2024 owing to the introduction of enhanced diagnostic techniques like serological methods, IGRA (Interferon-gamma Release Assay), and nucleic acid testing.
Tuberculosis is an infectious disorder caused by mycobacterium tuberculosis bacteria that attacks the lungs.
The disorder can also spread to the other parts of the body like spine and brain.
Depending on the type of tuberculosis suspected in the body, several tests are available for the diagnosis.Tuberculosis diagnostics industry is influenced by factors like quick results and improved accuracy, increasing government initiatives, growing elderly population and rising need for POC in healthcare sector.
However, tuberculosis diagnostics market is restrained by significant cost of tuberculosis diagnosis and lack of awareness in patients.
Additionally, the increasing burden of tuberculosis is the major factor expected to bring greater opportunities in tuberculosis diagnostics industry.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/tuberculosis-diagnostics-market/request-sampleTuberculosis diagnostics market is categorized on the basis of test type, end user, and geography.
Tuberculosis Diagnostics Market is anticipated to reach USD 3.1 billion by 2024 owing to the introduction of enhanced diagnostic techniques like serological methods, IGRA (Interferon-gamma Release Assay), and nucleic acid testing.
Tuberculosis is an infectious disorder caused by mycobacterium tuberculosis bacteria that attacks the lungs.
The disorder can also spread to the other parts of the body like spine and brain.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/tuberculosis-diagnostics-market/request-sample The key driving factors responsible for the growth of Tuberculosis Diagnostics market : Tuberculosis diagnostics industry is influenced by factors like quick results and improved accuracy, increasing government initiatives, growing elderly population and rising need for POC in healthcare sector.
However, tuberculosis diagnostics market is restrained by significant cost of tuberculosis diagnosis and lack of awareness in patients.
Tuberculosis diagnostics market is categorized on the basis of test type, end user, and geography.
The global Tuberculosis Diagnostics Market report offers a comprehensive assessment of the market for the forecast years.
These factors encompass the drivers, restraints, and opportunities.
This global industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.The key market players for the global Tuberculosis Diagnostics market are listed below:DanaherBioMerieuxBDRocheQiagenThermo Fisher ScientificOxford ImmunotecHologicAbbottHain LifescienceEpistemAkonni BiosystemsCreative DiagnosticsOthersClick here to get a FREE Sample Copy of the Tuberculosis Diagnostics Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-29670The Global Tuberculosis Diagnostics Market Report is equipped with market data from 2016 to 2026.
It also evaluates the competitive scenario of the leading players.
The detailed sales channel is also covered in the study.COVID-19 Impact Analysis on Tuberculosis Diagnostics MarketThe global pandemic COVID-19 has affected the Tuberculosis Diagnostics market directly or indirectly.
The impact study on production, supply-demand, and sales provides a holistic approach to the future.Do You Have Any Query Or Report Customization?
