Pneumococcal Testing Market Growth Drivers, Trends, and Forecast by 2031

Coverage: Pneumococcal Testing Market covers analysis By Method (Immunodiagnostics, Molecular Diagnostics, Point of Care Testing); Technology (Enzyme-linked Immunosorbent Assay (ELISA), Immunofluorescence, Western Blot, Polymerase Chain Reaction (PCR), Immunohistochemistry (IHC), Others); End user (Hospitals, Diagnostic Laboratories, Homecare, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00014427
  • Category : Life Sciences
  • No. of Pages : 150
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The Pneumococcal Testing Market is expected to register a CAGR of 6.89% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Method (Immunodiagnostics, Molecular Diagnostics, Point of Care Testing); Technology (Enzyme-linked Immunosorbent Assay (ELISA), Immunofluorescence, Western Blot, Polymerase Chain Reaction (PCR), Immunohistochemistry (IHC), Others); and End user (Hospitals, Diagnostic Laboratories, Homecare, Others). The global analysis is further broken down at the regional level and major countries. The report offers the value in US$ for the above analysis and segments.

Purpose of the Report

The report Pneumococcal Testing Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Pneumococcal Testing Market Segmentation

Method
  • Immunodiagnostics
  • Molecular Diagnostics
  • Point of Care Testing
Technology
  • Enzyme-linked Immunosorbent Assay
  • Immunofluorescence
  • Western Blot
  • Polymerase Chain Reaction
  • Immunohistochemistry
End user
  • Hospitals
  • Diagnostic Laboratories
  • Homecare

Strategic Insights

Pneumococcal Testing Market Growth Drivers
  • Increasing Incidence of Pneumococcal Diseases: The Pneumococcal Testing Market grows because more pneumococcal diseases appear in patients. Pneumococcal infections from Streptococcus pneumoniae bacteria affect many young children and elderly people along with individuals who have weakened immune systems worldwide. Increased pneumococcal infections create more need for tests that find pneumococcal bacteria fast and correctly. Early detection of pneumococcal infections depends on testing because it shows doctors which antibiotics will treat the infection and which vaccines will protect patients from future infections. The market for testing solutions grows more significant because pneumococcal diseases affect more people. Advanced testing tools including PCR tests and culture methods help us find pneumococcal infections earlier to stop their spread which creates market demand for testing products. Pneumococcal testing will grow more popular globally because healthcare systems worldwide now focus on fighting infectious diseases in both rich and developing countries where pneumococcal infections still kill many people. More people will get tested for pneumococcal infections through expanded education and vaccination programs.
  • Growing Vaccination Programs and Demand for Diagnostic Tools: More countries worldwide are starting vaccination programs to fight pneumococcal infections which drives the Pneumococcal Testing Market growth. Vaccines like PCV and PPSV help prevent pneumococcal infections effectively among people who need protection most. Vaccines protect us from pneumococcal infection but breakthrough cases remain possible which requires precise tests to find the pathogen. Healthcare providers now use diagnostic equipment more than ever to determine if patients have pneumococcal infections or other respiratory illnesses like viral pneumonia or influenza. The spread of pneumococcal vaccines in children and older adults creates demand for better tests to assess vaccine success and spot infections in vaccinated patients. Pneumococcal test demand will expand more with growing global vaccination programs according to market predictions. Healthcare facilities worldwide now test for pneumococcal infections because they monitor vaccine results and screen vaccinated patients for the disease. More organizations will focus on vaccines and tests which will make pneumococcal testing solutions more successful in future market growth.
  • Advancements in Diagnostic Technology: The growth of the Pneumococcal Testing Market depends mostly on technological improvements in medical testing tools. Sputum culture and microscopy testing take too long and miss many cases of pneumococcal infection. New molecular testing methods including PCR and real-time PCR have transformed how doctors detect pneumococcal infections. Advanced diagnostic tools help doctors find pneumococcal diseases early because they test faster and work better than traditional methods. Molecular tests that find specific pneumococcal strains help doctors treat patients more efficiently and get the right treatment started sooner to make patients healthier. People in emergency rooms and remote health centers now use POC testing devices because they need fast test results. The market growth results from new testing innovations which let healthcare providers test patients directly at their facilities and obtain results sooner. Research shows advanced testing technology will spread faster which will boost sales of pneumococcal testing products. Advanced pneumococcal diagnostic tools will gain more market share because emerging markets are getting better healthcare systems and these technologies are becoming cheaper to buy.
Pneumococcal Testing Market Future Trends
  • Integration of Pneumococcal Testing with Other Respiratory Pathogen Tests: The Pneumococcal Testing Market will see more integrated testing between pneumococcal tests and other respiratory pathogen tests in the future. Respiratory infections happen when two or more pathogens like viruses, bacteria, and fungi infect the body at once. The need for multiplex testing systems has grown because doctors require tests that check for pneumococcal bacteria together with influenza, RSV, and Mycoplasma pneumoniae at the same time. Multiplex PCR testing lets medical professionals find many different pathogens in one sample which helps them diagnose disease better. Combining all testing methods into one system saves both testing time and money. The pneumococcal testing market will expand because future predictions show healthcare organizations will need faster and better diagnostic systems which increases their need for multiplex testing systems. Emergency doctors need this test because it helps them determine which patients need immediate treatment. Advanced testing platforms will grow the pneumococcal testing market by becoming essential devices for respiratory disease detection. Integrated respiratory pathogen testing systems will gain market acceptance which will help product manufacturers and healthcare providers alike.
  • Expansion of Point-of-Care (POC) Testing Solutions: Point-of-care (POC) testing solutions are growing in popularity across the Pneumococcal Testing Market. POC diagnostics enable doctors to test patients where they are and deliver needed treatment decisions right away. More clinical facilities like emergency rooms and urgent care centers across all healthcare settings use POC testing systems because they save patients time and give fast results. Through POC testing healthcare providers can diagnose pneumococcal infections right at the patient site without needing laboratory results. These systems help medical teams in rural and resource-constrained areas because they work better than advanced laboratories do. The market for POC pneumococcal testing devices will expand further because healthcare providers want better patient care while saving money on healthcare. POC testing technology for pneumococcal diseases will become accessible to more people because manufacturers now make smaller and less expensive devices. Due to patient needs for faster tests the market share of POC solutions will keep expanding in pneumococcal testing.
  • Use of Artificial Intelligence (AI) in Pneumococcal Diagnostics: Medical technology companies are now combining artificial intelligence and machine learning into pneumococcal testing systems. Medical staff can process large diagnostic datasets faster and more accurately when AI supports their analysis of multiple patient records and test results. AI diagnostic systems help doctors understand test results better plus spot trends while offering medical guidance. Pneumococcal testing with AI would enable doctors to distinguish between pneumococcal infections and other respiratory problems which decreases their chances of wrong diagnosis. AI systems will make medical tests faster in busy healthcare settings according to experts. AI diagnostic systems help doctors predict disease development and suggest best treatment plans. These advanced technologies entering pneumococcal diagnosis will support market size expansion. Advanced testing systems will gain more market share because AI enhancements will make pneumococcal diagnostics better.
Pneumococcal Testing Market Opportunities
  • Development of Combination Testing Kits: The market benefits from combination tests that detect both pneumococcal bacteria and other respiratory pathogens together. These kits test for pneumococcal bacteria alongside other respiratory infection pathogens like influenza virus, RSV, and Mycoplasma pneumonia at the same time. Combination testing kits help doctors make faster and less expensive diagnoses because they test for multiple pathogens at once. Medical facilities expect to order more combination testing kits since quick decisions are necessary to help patients. Manufacturers can create flexible diagnostic tools that test multiple respiratory pathogens simultaneously to help manage respiratory illnesses better. The adoption of these combination kits will expand the market size for pneumococcal testing products, while also increasing the market share for manufacturers offering these integrated solutions.
  • Increasing Adoption of Rapid Diagnostic Tests: The Pneumococcal Testing Market will grow because healthcare providers are using rapid diagnostic tests more often. Healthcare facilities that need fast test outcomes can use these diagnostic tools because they deliver precise results quickly. The rapid development of respiratory infection detection methods known as RDTs happened because healthcare providers need to diagnose these infections faster. RDTs for pneumococcal infections produce results in only minutes which lets doctors begin immediate treatment for their patients sooner. When treating pneumococcal diseases doctors must start antibiotics right away to protect patients from developing serious problems. The tests work smoothly and you can run them directly at medical facilities which makes them more desirable. Forecasters expect the healthcare sector will keep needing rapid testing solutions for pneumococcal infections as their use expands. The market growth of pneumococcal testing builds demand that gives manufacturers space to create better user-friendly rapid diagnostic platforms. Companies that make fast and accurate diagnostic tools will gain more market share when healthcare providers use them in high-risk and resource-limited areas because of time pressure.
  • Expansion of Collaborative Partnerships in Research and Development: Collaborative partnerships in R&D research will create major business opportunities for the Pneumococcal Testing Market. Several parties working together from universities and research labs to biotech companies and government offices help develop better tests for pneumococcal disease. When organizations team up they share their resources and knowledge which makes new test development happen faster. Through joint ventures companies can develop new molecular diagnostic systems that detect Streptococcus pneumoniae strains better than current testing processes. Teams working together can create less expensive testing tools that serve areas with limited healthcare resources in low-income communities where pneumococcal infections are common. As projections show that pneumococcal disease monitoring and testing quality demands drive research funding growth these partnerships develop better diagnostic standards to maintain similar test results. Businesses that produce next-generation diagnostic tools will gain larger market shares because the market for pneumococcal testing solutions will increase through such collaborations.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pneumococcal Testing Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Pneumococcal Testing Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

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Report Coverage
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Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
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Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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Frequently Asked Questions


What is the expected CAGR of the Pneumococcal Testing Market?

The Pneumococcal Testing Market is estimated to witness a CAGR of 6.89% from 2025 to 2031.

What are the driving factors impacting the Pneumococcal Testing Market?

The major factors driving the Pneumococcal Testing Market are Increasing Incidence of Pneumococcal Diseases, Growing Vaccination Programs and Demand for Diagnostic Tools, and Advancements in Diagnostic Technology.

What are the future trends of the Pneumococcal Testing Market?

Future trends in the Pneumococcal Testing Market are Integration of Pneumococcal Testing with Other Respiratory Pathogen Tests, Expansion of Point-of-Care (POC) Testing Solutions, and Use of Artificial Intelligence (AI) in Pneumococcal Diagnostics.

Which are the leading players in the Pneumococcal Testing Market?

Some of the players operating in the market are Thermo Fisher Scientific Inc., Abbott Laboratories, F-Hoffmann la Roche Ltd., BioMerieux [INSTITUT MERIEUX SA], Hologic Inc., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., DiaSorin Inc., Meridian Bioscience Inc., and Quidel Corporation.

What are the deliverable formats of the Pneumococcal Testing market report?

The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.

What are the options available for the customization of this report?

Some customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility.

TABLE OF CONTENTS


1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pneumococcal Testing Market - By Method
1.3.2 Pneumococcal Testing Market - By Technology
1.3.3 Pneumococcal Testing Market - By End user
1.3.4 Pneumococcal Testing Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PNEUMOCOCCAL TESTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. PNEUMOCOCCAL TESTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. PNEUMOCOCCAL TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. PNEUMOCOCCAL TESTING - GLOBAL MARKET OVERVIEW
6.2. PNEUMOCOCCAL TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. PNEUMOCOCCAL TESTING MARKET - REVENUE AND FORECASTS TO 2028 - METHOD
7.1. OVERVIEW
7.2. METHOD MARKET FORECASTS AND ANALYSIS
7.3. IMMUNODIAGNOSTICS
7.3.1. Overview
7.3.2. Immunodiagnostics Market Forecast and Analysis
7.4. MOLECULAR DIAGNOSTICS
7.4.1. Overview
7.4.2. Molecular Diagnostics Market Forecast and Analysis
7.5. POINT OF CARE TESTING
7.5.1. Overview
7.5.2. Point of Care Testing Market Forecast and Analysis
8. PNEUMOCOCCAL TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ENZYME-LINKED IMMUNOSORBENT ASSAY (ELISA)
8.3.1. Overview
8.3.2. Enzyme-linked Immunosorbent Assay (ELISA) Market Forecast and Analysis
8.4. IMMUNOFLUORESCENCE
8.4.1. Overview
8.4.2. Immunofluorescence Market Forecast and Analysis
8.5. WESTERN BLOT
8.5.1. Overview
8.5.2. Western Blot Market Forecast and Analysis
8.6. POLYMERASE CHAIN REACTION (PCR)
8.6.1. Overview
8.6.2. Polymerase Chain Reaction (PCR) Market Forecast and Analysis
8.7. IMMUNOHISTOCHEMISTRY (IHC)
8.7.1. Overview
8.7.2. Immunohistochemistry (IHC) Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PNEUMOCOCCAL TESTING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. DIAGNOSTIC LABORATORIES
9.4.1. Overview
9.4.2. Diagnostic Laboratories Market Forecast and Analysis
9.5. HOMECARE
9.5.1. Overview
9.5.2. Homecare Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. PNEUMOCOCCAL TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Pneumococcal Testing Market Overview
10.1.2 North America Pneumococcal Testing Market Forecasts and Analysis
10.1.3 North America Pneumococcal Testing Market Forecasts and Analysis - By Method
10.1.4 North America Pneumococcal Testing Market Forecasts and Analysis - By Technology
10.1.5 North America Pneumococcal Testing Market Forecasts and Analysis - By End user
10.1.6 North America Pneumococcal Testing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Pneumococcal Testing Market
10.1.6.1.1 United States Pneumococcal Testing Market by Method
10.1.6.1.2 United States Pneumococcal Testing Market by Technology
10.1.6.1.3 United States Pneumococcal Testing Market by End user
10.1.6.2 Canada Pneumococcal Testing Market
10.1.6.2.1 Canada Pneumococcal Testing Market by Method
10.1.6.2.2 Canada Pneumococcal Testing Market by Technology
10.1.6.2.3 Canada Pneumococcal Testing Market by End user
10.1.6.3 Mexico Pneumococcal Testing Market
10.1.6.3.1 Mexico Pneumococcal Testing Market by Method
10.1.6.3.2 Mexico Pneumococcal Testing Market by Technology
10.1.6.3.3 Mexico Pneumococcal Testing Market by End user
10.2. EUROPE
10.2.1 Europe Pneumococcal Testing Market Overview
10.2.2 Europe Pneumococcal Testing Market Forecasts and Analysis
10.2.3 Europe Pneumococcal Testing Market Forecasts and Analysis - By Method
10.2.4 Europe Pneumococcal Testing Market Forecasts and Analysis - By Technology
10.2.5 Europe Pneumococcal Testing Market Forecasts and Analysis - By End user
10.2.6 Europe Pneumococcal Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Pneumococcal Testing Market
10.2.6.1.1 Germany Pneumococcal Testing Market by Method
10.2.6.1.2 Germany Pneumococcal Testing Market by Technology
10.2.6.1.3 Germany Pneumococcal Testing Market by End user
10.2.6.2 France Pneumococcal Testing Market
10.2.6.2.1 France Pneumococcal Testing Market by Method
10.2.6.2.2 France Pneumococcal Testing Market by Technology
10.2.6.2.3 France Pneumococcal Testing Market by End user
10.2.6.3 Italy Pneumococcal Testing Market
10.2.6.3.1 Italy Pneumococcal Testing Market by Method
10.2.6.3.2 Italy Pneumococcal Testing Market by Technology
10.2.6.3.3 Italy Pneumococcal Testing Market by End user
10.2.6.4 Spain Pneumococcal Testing Market
10.2.6.4.1 Spain Pneumococcal Testing Market by Method
10.2.6.4.2 Spain Pneumococcal Testing Market by Technology
10.2.6.4.3 Spain Pneumococcal Testing Market by End user
10.2.6.5 United Kingdom Pneumococcal Testing Market
10.2.6.5.1 United Kingdom Pneumococcal Testing Market by Method
10.2.6.5.2 United Kingdom Pneumococcal Testing Market by Technology
10.2.6.5.3 United Kingdom Pneumococcal Testing Market by End user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Pneumococcal Testing Market Overview
10.3.2 Asia-Pacific Pneumococcal Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Pneumococcal Testing Market Forecasts and Analysis - By Method
10.3.4 Asia-Pacific Pneumococcal Testing Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Pneumococcal Testing Market Forecasts and Analysis - By End user
10.3.6 Asia-Pacific Pneumococcal Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Pneumococcal Testing Market
10.3.6.1.1 Australia Pneumococcal Testing Market by Method
10.3.6.1.2 Australia Pneumococcal Testing Market by Technology
10.3.6.1.3 Australia Pneumococcal Testing Market by End user
10.3.6.2 China Pneumococcal Testing Market
10.3.6.2.1 China Pneumococcal Testing Market by Method
10.3.6.2.2 China Pneumococcal Testing Market by Technology
10.3.6.2.3 China Pneumococcal Testing Market by End user
10.3.6.3 India Pneumococcal Testing Market
10.3.6.3.1 India Pneumococcal Testing Market by Method
10.3.6.3.2 India Pneumococcal Testing Market by Technology
10.3.6.3.3 India Pneumococcal Testing Market by End user
10.3.6.4 Japan Pneumococcal Testing Market
10.3.6.4.1 Japan Pneumococcal Testing Market by Method
10.3.6.4.2 Japan Pneumococcal Testing Market by Technology
10.3.6.4.3 Japan Pneumococcal Testing Market by End user
10.3.6.5 South Korea Pneumococcal Testing Market
10.3.6.5.1 South Korea Pneumococcal Testing Market by Method
10.3.6.5.2 South Korea Pneumococcal Testing Market by Technology
10.3.6.5.3 South Korea Pneumococcal Testing Market by End user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Pneumococcal Testing Market Overview
10.4.2 Middle East and Africa Pneumococcal Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Pneumococcal Testing Market Forecasts and Analysis - By Method
10.4.4 Middle East and Africa Pneumococcal Testing Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Pneumococcal Testing Market Forecasts and Analysis - By End user
10.4.6 Middle East and Africa Pneumococcal Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Pneumococcal Testing Market
10.4.6.1.1 South Africa Pneumococcal Testing Market by Method
10.4.6.1.2 South Africa Pneumococcal Testing Market by Technology
10.4.6.1.3 South Africa Pneumococcal Testing Market by End user
10.4.6.2 Saudi Arabia Pneumococcal Testing Market
10.4.6.2.1 Saudi Arabia Pneumococcal Testing Market by Method
10.4.6.2.2 Saudi Arabia Pneumococcal Testing Market by Technology
10.4.6.2.3 Saudi Arabia Pneumococcal Testing Market by End user
10.4.6.3 U.A.E Pneumococcal Testing Market
10.4.6.3.1 U.A.E Pneumococcal Testing Market by Method
10.4.6.3.2 U.A.E Pneumococcal Testing Market by Technology
10.4.6.3.3 U.A.E Pneumococcal Testing Market by End user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Pneumococcal Testing Market Overview
10.5.2 South and Central America Pneumococcal Testing Market Forecasts and Analysis
10.5.3 South and Central America Pneumococcal Testing Market Forecasts and Analysis - By Method
10.5.4 South and Central America Pneumococcal Testing Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Pneumococcal Testing Market Forecasts and Analysis - By End user
10.5.6 South and Central America Pneumococcal Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Pneumococcal Testing Market
10.5.6.1.1 Brazil Pneumococcal Testing Market by Method
10.5.6.1.2 Brazil Pneumococcal Testing Market by Technology
10.5.6.1.3 Brazil Pneumococcal Testing Market by End user
10.5.6.2 Argentina Pneumococcal Testing Market
10.5.6.2.1 Argentina Pneumococcal Testing Market by Method
10.5.6.2.2 Argentina Pneumococcal Testing Market by Technology
10.5.6.2.3 Argentina Pneumococcal Testing Market by End user

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. PNEUMOCOCCAL TESTING MARKET, KEY COMPANY PROFILES
12.1. THERMO FISHER SCIENTIFIC INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ABBOTT LABORATORIES
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. F-HOFFMANN LA ROCHE LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BIOMERIEUX [INSTITUT MERIEUX SA]
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HOLOGIC INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. BECTON, DICKINSON AND COMPANY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BIO-RAD LABORATORIES INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. DIASORIN INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MERIDIAN BIOSCIENCE INC. 
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. QUIDEL CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Thermo Fisher Scientific Inc.
2. Abbott Laboratories
3. F-Hoffmann la Roche Ltd.
4. BioMerieux [INSTITUT MERIEUX SA]
5. Hologic Inc.
6. Becton, Dickinson and Company
7. Bio-Rad Laboratories Inc.
8. DiaSorin Inc.
9. Meridian Bioscience Inc.
10. Quidel Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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