The global tuberculosis diagnostics market is expected to reach USD 3.1 billion by 2024, according to a new report by Grand View Research, Inc. Advent of advanced diagnostic methods such as Interferon-gamma Release Assay (IGRA), serological methods, and nucleic acid testing have resulted in the high usage rate of diagnostics. Moreover, Point of Care (POC) technologies such as antigen assays are also promoting the diagnosis rate of TB.
These advanced methods including POC diagnostics are affordable, accurate, simple, and yield quick results. Furthermore, the rising burden of TB is the primary factor responsible for the lucrative market growth. As per the World Health Organization, the global estimates of patients afflicted with TB were around 9.6 million in 2014. This high prevalence rate has led the government, healthcare organizations, research institutes, and market players to initiate endeavors directed toward containing the incidence of this infectious disease.
The increasing screening rate in the high burden regions, affordability of diagnostics, advanced methodologies, faster clinical decisions, and reduction in mortality rate are the focal areas of development. Improved preventive and curative diagnosis rates are the end results of these initiatives. This has led to a subsequent upsurge in the demand for diagnostic tests and the TB diagnostics market.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/tuberculosis-diagnostics-market
Further key findings from the study suggest:
·
Based on tests type, the tuberculosis
diagnostics market is segmented into radiographic methods, diagnostic
laboratory methods, nucleic acid testing, phage assay, detection of latent
infection, cytokine detection assay, and detection of drug resistance.
·
Diagnostic laboratory tests dominated the test
type segment with 38.0% market share in 2015 as they are cost efficient and
easy-to-perform. Diagnostic laboratory tests include smear microscopy and
culture-based tests. The high burden regions rely on these methodologies due to
their financial and technical incapability to incorporate advanced technologies
thus contributing to the growth of the diagnostic laboratory tests segment.
·
However, compromised accuracy and the longer
processing time are the limiting factor for the diagnostics. Hence, healthcare
agencies are striving to implement advanced techniques in the developing
regions.
·
As a result, nucleic acid tests segment and the
latent infection detection segment, which includes skin tests and IGRA, are
likely to exhibit a profitable growth rate. These methods overcome the
aforementioned limitations thus improving affordability, processing time and
accuracy of the diagnostic method.
·
Drug resistance in tuberculosis is one of the
primary concerns for healthcare professionals as improper treatment due to
wrong drug regimen and incorrect dosage forms lead to the development of drug
resistance in TB patients undergoing treatment. Hence, the drug resistance
detection segment is also anticipated to witness lucrative growth.
·
Asia Pacific owing to its huge population base
and high burden of TB dominated the global TB diagnostics market in 2015. As
per the WHO, countries such as India, China, Afghanistan, and Indonesia are
priority regions for control of this communicable disease.
·
The players in the TB testing market include
Thermo Fisher Scientific, Inc., Hologic Corporation, Abbott Laboratories,
Alere, Inc., Becton, Dickinson and Company, F. Hoffmann-La Roche AG, bioMérieux
SA, Sanofi, Cepheid, Hain Lifescience GmbH, and QIAGEN.
·
New product launches, collaboration, mergers
& acquisitions, and regional expansion are the key strategic initiatives
undertaken by these industry players
·
For instance, in July 2016, bioMérieux launched
a novel CE marked database and reagents kit VITEK MS for the identification of
TB. This new product launch is anticipated to help the company increase its
market share.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global tuberculosis diagnostics market on the basis of test type, and region.
Global Tuberculosis Diagnostics Test Type Outlook (Revenue, USD Million, 2013 - 2024)
·
Radiographic Method
·
Diagnostic Laboratory Methods
o
Smear Microscopy
o
Culture-based Test
·
Nucleic Acid Testing
·
Phage Assay
·
Detection of Latent Infection
·
Cytokine Detection Assay
·
Detection of Drug Resistance
·
Other Methods
Tuberculosis Diagnostics Regional Outlook (Revenue, USD Million,
2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Russian Federation
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-tuberculosis-diagnostics-market
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