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Infectious disease diagnostics is the procedure by which the causative agent of an infectious disease is identified and often characterized. Infectious disease is one of the common medical conditions that account for millions of deaths each year. The several types of bacteria, viruses, fungi or parasites are organisms that cause infectious disorders including tuberculosis, malaria, AIDS, and others. It can be based solely on clinical presentation or more rigorous diagnostic tests, such as culturing of the infectious agent, microscopy, biochemical screens, and molecular methods.
Infectious Disease Diagnostics Market: Drivers and Restraints
Increasing incidences of infectious diseases are the key factor that drives the growth of the infectious disease diagnostics market. Additionally, increasing demand for advanced technologies in the treatment of infectious disease, and high investment in R&D activities from government and private organizations are fueling the growth of the infectious disease diagnostics market. Furthermore, the introduction of point of care diagnosis market to provide high quality, sensitivity, accuracy, and reliability are contributing to the growth of infectious diseases diagnostics market.
However, lack of awareness of novel diagnostic technologies, the cost associated with the IDD treatment and stringent government regulatory guidelines are the prime factors restraining the growth of this growth. Moreover, companies operating in the market, which is focusing on developing novel diagnostics, as well as initiatives are taken by the government and private organizations pertaining to the diagnosis of the infectious diseases among the people provide more opportunities for the market to grow over the forecast period.
Infectious Disease Diagnostic Market: Regional Analysis
Among the geographies, North America holds the maximum market share in the infectious disease diagnostic market followed by Europe. The growing occurrence of infectious diseases and rising the shift towards decentralized laboratories are the primary factors that drive the growth of the North America infectious diseases market. Addition developed healthcare infrastructure and ongoing research on Infectious disease diagnostics are favoring the growth of the Infectious disease diagnostic market in the North America region. Furthermore, Asia Pacific is the fastest growing region in the Infectious disease diagnostic market majorly owing to the growing awareness about the Infectious disease and their diagnostics and rising healthcare expenditure.
Infectious Disease Diagnostic Market: Major Key Players
The report provides profiles of the companies in the market such as Beckman Coulter, Inc., Chembio Diagnostic Systems, Inc., Orasure Technologies, Bio-Rad Laboratories, Inc., BioMérieux, Hologic, Inc., Danaher Corporation, Quidel Corporation, Trinity Biotech plc, Meridian Bioscience Inc., and other companies.
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