The global size for In Vitro Diagnostics market related to infectious diseases reached USD 20.33 billion in 2022 and is anticipated to achieve USD 37.38 billion by 2032, reflecting a significant revenue compound annual growth rate (CAGR) of 7% during the forecast period. Key drivers of the market’s revenue expansion include the increasing prevalence of infectious diseases on a global scale, advancements in in vitro diagnostics technology, and a growing consumer demand for Point-Of-Care Testing (POCT).
Infectious diseases, stemming from pathogenic microorganisms like bacteria, viruses, fungi, and parasites, can be transmitted through various means, including air, water, and direct contact with carriers. According to the World Health Organization (WHO), infectious diseases stand as the leading cause of death globally, constituting nearly 70% of all fatalities, particularly in low-income nations.
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Major Points covered in this report are as below:
- An analysis of Infectious Diseases In Vitro Diagnostics industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Infectious Diseases In Vitro Diagnostics manufacturers and provides valuable insight into the market for companies and individuals.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Abbott Laboratories
- Becton, Dickinson and Company
- bioMérieux SA
- Danaher Corporation
- F. Hoffmann-La Roche Ltd.
- Hologic, Inc.
- Quidel Corporation
- Siemens Healthineers AG
- Thermo Fisher Scientific, Inc.
Based on Product Type market is segmented into:
- Immunoassays
- Polymerase Chain Reaction
- Molecular Diagnostics
- Point-of-care Testing
- Others
BasedBy End Use market is segmented into:
- Hospitals
- Diagnostic Laboratories
- Academic & Research Institutes
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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