Infectious Disease Diagnostics Market | Exactitude Consultancy Reports
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Infectious Disease Diagnostics Market Overview
Infectious disease diagnostics market is expected to grow at 6.8% CAGR from 2022 to 2029. It was valued 26.06 billion at 2020. It is expected to reach above USD 50.31 billion by 2029.
The increasing awareness of early disease detection, the frequency of infectious diseases around the world, the shift in emphasis from centralized laboratories to decentralized POC testing, and technical improvements are all factors driving market expansion.
The infectious disease diagnostics caused by pathogens like viruses, fungus, bacteria, or parasites. Through direct contact, indirect contact, insect bites, or other means such as food, soil, water, and air, infectious diseases can be transmitted from one person to another. By examining the patient’s symptoms, a diagnosis is made by determining the underlying causes. It is crucial in determining how to properly treat infectious infections and other illnesses.
Segment Analysis
Infectious disease diagnostics market is segmented based on product, type of testing, technology, disease type, end user and region, global trends and forecast.
By product the market is segmented into reagents, kits and consumables, instruments, software & services. The market was dominated by the assays & reagents segment in 2020, and this trend is anticipated to persist over the course of the forecast period due to an increase in R&D activities in the pharmaceutical & biotechnology sector, an increase in demand for reagents, and a surge in the uptake of point-of-care testing. However, the instruments market is predicted to expand significantly over the course of the projection year due to an increase in research laboratories and increased funding from public and commercial organizations for the creation of diagnostic tools for the pharmaceutical and biotechnology sectors.
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