Tuberculosis Testing and Diagnostics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Tuberculosis (TB) is a severe infectious disease affecting the population across the world. Although tuberculosis is a curable disease, it remains one of the most common root causes of death among adults, particularly in developing economies. The government initiatives for promoting detection of TB are increasing globally. With the rise in the incidents of tuberculosis and multidrug-resistant tuberculosis, increasing R&D investments, tuberculosis testing and diagnostics market is growing.

MARKET SCOPE

The "Global Tuberculosis Testing and Diagnostics Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tuberculosis testing and diagnostics market with detailed market segmentation by teat type, end use, and geography. The report provides key statistics on the market status of the leading tuberculosis testing and diagnostics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on test type, the global tuberculosis testing and diagnostics market is segmented into radiographic method, cytokine detection assay, nucleic acid testing, detection of latent infection, diagnostic laboratory method, detection of drug resistance, others.
•  On the basis of end use, the market is segmented into clinics, hospitals, research institutes and academics, reference laboratories, others.

MARKET DYNAMICS

Drivers-

•   Rise in the incidences of tuberculosis globally.
•   Rise in the geriatric population.
•   Technological advancements and growth in research activities.

Restraints-

•   The side effects related like allergies are the major restraining factor for the tuberculosis testing and diagnostics market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The tuberculosis testing and diagnostics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tuberculosis testing and diagnostics market in these regions.

IMPACT OF COVID-19 ON TUBERCULOSIS TESTING AND DIAGNOSTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the tuberculosis testing and diagnostics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tuberculosis testing and diagnostics market are anticipated to lucrative growth opportunities in the future with the rising demand for tuberculosis testing and diagnostics in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tuberculosis testing and diagnostics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Alere Inc.
•  F.Hoffmann-La Roche AG
•  Abbott Laboratories
•  Becton
•  Dickinson and Company
•  bioMérieux SA
•  Siemens
•  Hologic Corporation
•  Cepheid
•  Hain Lifesciences GmbH

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Tuberculosis Testing and Diagnostics Report Scope